According to Stratistics MRC, the Global Honey Market is accounted for $ 10.41 billion in 2022 and is expected to reach $ 17.85 billion by 2028 growing at a CAGR of 9.4% during the forecast period.
Honey is a viscous, sweet edible material made by bees and other insects. While other insects manufacture honey by regurgitation and enzymatic activity, bees make it from the sweet plant secretions and store it in honeycomb. Due to its distinct chemical makeup and storage capabilities, it is appropriate for long-term storage. Due to its antibacterial qualities, which encourage debridement and speed up the healing process by stimulating wound tissues, it is commonly employed.
Honey has potential medicinal effects since it contains a variety of minerals, amino acids, enzymes, and other nutritional components. As a result, it is becoming increasingly popular in the pharmaceutical sector. Due to the product’s antimicrobial qualities and demulcent capabilities, it has become a popular ingredient in cough syrups. Honey is important in the treatment of many diseases and health issues. This is one of the major factors driving the global market growth.
By geography, Europe is projected to hold the largest market share during the forecast period owing to a fast developing economy as a result of increased disposable income, urbanisation, and changing lifestyles is expected to fuel product demand in the respective region, consequently augmenting total market growth in the coming years.
Some of the key players profiled in the Honey Market include Beeyond the Hive, Dabur India Ltd., Patanjali Ayurved, Capilano Honey Ltd., Barkman Honey, LLC., New Zealand Honey Co., Oha Honey LP, Bee Maid Honey Ltd., Streamland Biological Technology Ltd., Dutch Gold Honey, Inc., Golden Acres Honey Products Ltd., HoneyLab Ltd., PA & SC Steens Ltd., Polar-Honey Finland (Lappi-Hunaja), Rowse Honey Limited, Savannah Bee Company, Sweet Harvest Foods Inc., Yanbian Baolixiang Beekeeping Co., Ltd., Zhejiang Jiangshan Bee Enterprise Co., Ltd
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By Products:
- Alfalfa Honey
- Acacia Honey
- Wildflower Honey
- Buckwheat Honey
- Clear Honey
- Varietal Honey
- Manuka Honey
- Sourwood Honey
- Rosemary Honey
- Dandelion Honey
- Eucalyptus Honey
- Clover honey
- Date Honey
- Other Products
By Processing Covered:
- Organic
- Conventional
By Distribution Channels:
- Convenience Stores
- Hypermarkets & Supermarkets
- Online
- Other Distribution Channels
By Packagings:
- Glass Jar
- Bottle
- Tub
- Tube
- Other Packagings
By Applications:
- Cosmetics
- Food & Beverages
- Pharmaceuticals
- Other Applications
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- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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