The ‘Global Honey Food Market Price, Share, Trend, Size, Growth, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global honey food market, assessing the market on the basis of its segments like nature, type, distribution channel and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.20%
The top countries that account for the highest share in terms of honey production are India, Mexico, USA, China, Argentina, Ukraine, Turkey, and Russia, among others. Globally, the demand for honey has increased in the past few years, with USA leading the growth.
In India, beekeeping has been practiced traditionally. There are various varieties of raw honey that are produced in India like Rapeseed / Mustard Honey, Eucalyptus Honey, Lychee Honey, Sunflower Honey, etc. India exports a significant percentage of honey to countries such as USA, Saudi Arabia, UAE, Morocco, Bangladesh, and Canada, among others.
Honey Food Industry Definition and Major Segments
The upper aerodigestive tract of the honey bee and flower nectar combine to produce honey, which is then concentrated inside the bee hive through a process of dehydration. The intricate chemical makeup of honey varies depending on the botanical source. Honey has long been used as both food and for medicinal purposes.
The honey food market can be segmented based on nature, type, distribution channel and region.
Based on nature, the market is segmented into:
Based on type, the market is divided into:
• Table Honey
• Cooking Ingredient Honey
Based on distribution channel, the market is segmented into:
• Hypermarkets and Supermarkets
• Convenience Stores
Based on region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Honey Food Market Trends
The market’s growth prospects in the upcoming years will be fueled by the growing number of developments in the honey collection process. The market is also growing as a result of the rising usage of honey as a food additive, such as in the production of commercial beverages like sweet alcoholic beverages, which involves fermentation of honey during the production process. The availability of contaminated honey and the use of hazardous honey are both seen as key barriers to the growth of the global honey food market.
Through the end of 2023, the potential for growth in the global honey food industry will be driven by the growing number of technological advancements in honey harvesting. The number of changes to the honey harvesting procedure created by the research and development departments has increased significantly in an effort to raise the quantity and quality of finished goods.
Natural honey has been the subject of laboratory and clinical research and not just in traditional medicine, it has also found it’s place in modern medicine as well. It has been demonstrated that honey can stop the growth of about 60 different types of bacteria, certain fungi, and viruses. Additionally, several gastrointestinal, cardiovascular, inflammatory, and neoplastic disorders have been treated with honey.
Key Market Players
The major players in the honey food market report include:
- Capilano Honey Ltd.
- Barkman Honey, LLC
- Comvita Limited
- Pastili Limited
- Dabur India Ltd.
- Bee Maid Honey Limited
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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