Outlook on the Honey Global Market to 2027 - Rising Use of Honey as Healthy Alternative for Artificial Sweetener is Driving Growth - ResearchAndMarkets.com
The Global Honey Market was valued at USD 8.20 billion in 2020 which expected to reach USD 13.52 billion at a CAGR 5.6% from 2020-2027.
The "Global Honey Market Size, Trends & Growth Opportunity, By Type, By Application, By Packaging, By Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Honey Market was valued at USD 8.20 billion in 2020 which expected to reach USD 13.52 billion at a CAGR 5.6% from 2020-2027.
Honey is a natural and viscous food substance produced by bees & some related insects. Honey bees produce honey from the sugary secretions of the plants & store it in honeycomb, whereas other insects produce it by regurgitation & enzymatic activity. It is suitable for long term storage, due to its unique composition & chemical properties.
The rise in use of honey as healthy alternative for artificial sweetener, energy source, immunity system builder, and as a weight loss source is the major driving factor which expected to boost the growth of global honey market over the forecast period. Honey is a source of numerous nutritional ingredients such as minerals, vitamins, calcium & antioxidants. It has various medicinal properties & can help improve metabolic activities, reduce the risk of diabetes, maintain blood pressure levels, and can even heal burn wounds. Thus, it is used in many applications apart from food and beverages, like pharmaceuticals & cosmetics, which is also estimated to support the global honey market.
The rise in demand for natural sweeteners to play a significant role in product growth which is expected to propel the growth of global honey market during the forecast period. The increase in health consciousness among people has motivated them to include natural sweeteners in their diets & reduce white sugar usage. The antioxidant & antibacterial properties of honey & the presence of several crucial minerals & vitamins within them have made them an ideal sweetener choice.
The increase in adulteration of the product is expected to hamper the growth of global honey market. From past few years, honey adulteration & fraud incidents have emerged as one of the industry's major challenges, which has negatively impacted global honey market growth.
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Honey Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Market Segmentation
By Type
- Alfalfa
- Wildflower
- Buckwheat
- Acacia
- Clover honey
- Others
By Application
- Food & Beverage
- Pharmaceuticals
- Personal Care Products
- Others
By Packaging
- Tube
- Bottle
- Jar
- Tub
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Companies Mentioned
- Beeyond the Hive
- Dutch Gold Honey Inc.
- Streamland Biological Technology Ltd.
- Bee Maid Honey Ltd.
- Oha Honey LP
- New Zealand Honey Co.
- Barkman Honey LLC.
- Capilano Honey Ltd.
- Patanjali Ayurved
- Dabur India Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/wci0vy
View source version on businesswire.com: https://www.businesswire.com/news/home/20211229005276/en/