About Honey Spreads
Honey spreads are made with honey and fruits. The making of honey spreads involves slowly spin the honey and fruit until the honey becomes a fine spreadable crème. It is an ideal choice of breakfast or any kind of healthy meal. Delicious taste, healthy nature and available in different flavors are the key factors driving the growth of the honey spread market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.21% |
The honey spread market offers exciting opportunities for companies that can effectively differentiate themselves and cater to evolving consumer preferences. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Honey Spreads market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ferrero International S.A (Italy), Unilever Group (United Kingdom), B&G Foods (United States), J. M. Smucker Company (United States), Conagra Brands, Inc. (United States), Nestlé S.A. (Switzerland), Sioux Honey Association (United States), Kraft Foods (United States) and The Hershey Company (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Honey Spreads market by Type (Raw Honey Spreads and Pasteurized Honey Spreads) and Region.
On the basis of geography, the market of Honey Spreads has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Honey Spreads market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rise in the People Having a Vegan Diet
Market Growth Drivers:
High Nutritional Benefits of the Honey Spreads, Increasing Number of Health Conscious People and Increased Marketing and Promotional Activities
Challenges:
Less Awareness about the Honey Spreads In Developing Countries
Restraints:
Low Shelf Life of the Raw Honey Spreads
Opportunities:
Growing Food and Beverage Industry Worldwide and Growth in the E-Commerce Industry Worldwide
Market Leaders and their expansionary development strategies
In October 2022, Narayan Foods has announced plans to launch plant-based honey, Developed by Californian food tech company MeliBio, the honey is said to be the first to hit the EU market that produces the indistinguishable taste and texture of bee-made honey but does not include processed syrup or concentrates.The unique honey offers the same qualities as honey from bees, boosting immunity and offering bioactive and prebiotic properties.
In May 2023, Saffola Honey has organised a fun and captivating social media contest, to engage participants and spread awareness about bee conservation, while standing a chance to win exciting prizes. Developed by WeCreate agency. Through this initiative, Saffola also encourages consumers to do their little bit for the bees by planting bee-friendly water fountains in their gardens or balconies, avoiding the use of pesticides.
Key Target Audience
Honey Spreads Manufacturers, Emerging Companies, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.