PUBLISHER: Value Market Research | PRODUCT CODE: 1547932
PUBLISHER: Value Market Research | PRODUCT CODE: 1547932
The global demand for Honey Market is presumed to reach the market size of nearly USD 16.68 Billion by 2032 from USD 9.75 Billion in 2023 with a CAGR of 6.15% under the study period 2024-2032.
Honey is a sweet, viscous food substance made by honey bees from the sugary secretions of plants or other insects by enzymatic, regurgitation, and water evaporation. The main uses of honey are in cooking, as a spread on bread, baking, and as an addition as a sweetener to various beverages such as tea and some commercial beverages. It is also used as a medicine because of its antioxidant and antibacterial properties. It consists of a wide range of minerals, sugars, and vitamins. Proportions vary from honey to honey depending on their quality and botanical origins.
The global honey market is grabbing growing attention from the media, governments, scientific laboratories, legal professionals and beekeeping associations. There is a growing demand for honey from the consumption sector both food and non-food. Industry services and marketing promotions both entail a wide range of programs to reach consumers and the foodservice sectors. Non-food use is small but is projected to grow attributed to benefits as a cosmetic. In cosmetics and personal care products, honey is used in the formulation of a wide range of products including baby and bath products, eye and facial makeup, fragrances, colouring and colouring hair products, personal cleanliness products, and suntan and sunscreen products. Honey as a sugar substitute is gaining popularity among the growing health-conscious consumers. The importance of bees to food security and growing attention to the problem of adulteration of honey is raising concern. Increased honey adulteration have contributed to a collapse in the honey prices and decreased incentive to produce genuine honey.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Honey. The growth and trends of Honey industry provide a holistic approach to this study.
This section of the Honey market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Honey market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Honey market include Beeyond The Hive, Barkman Honey LLC, Dabur India Ltd., Capilano Honey Ltd., New Zealand Honey Co., Streamland Biological Technology Ltd., Oha Honey LP, Billy Bee Honey Products, Little Bee Impex, Dutch Gold Honey Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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