Industry Background:
Natural bee honey, one of the most valued and important natural substances, offers a range of health benefits. Natural honey is available in various forms such as unprocessed, unpasteurised and maintains all of its healthy properties. The growth in the demand for honey has catalysed the production of nectar on commercial grounds. Increasing inclusions of honey bottles in numerous consumer retail goods include sauces, mustard, and other seasoning flavours has surged business opportunities for the producers of honey products globally.
According to AMA Research, the market for Natural Bee Honey is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Importance of Bee's Honey and Its Usage of Various Applications such as Medicinal, Cosmetic and General Use
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ambrosia Natural Products (India), Kejriwal Honey (India), Hi Tech Natural Products (India), Wee Bee Honey (United States), Under The Mango Tree (UTMT) (India), Bee Natural Honey (United States), Reho Natural (India) and AA Food Factory (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2022- Sweet Harvest Foods, a leading natural sweeteners platform and one of North America's largest honey packers announced the acquisition of Nathan Sheets' Nature Nate's Honey Co Nature Nate, based in McKinney, Texas, has grown to become the largest honey brand in the United States.
In June 2022- Frangiosa Farms, the makers of Colorado Hemp Honey, announced the launch of its newest artisan line of adaptogenic Bee Shepherd Brand Honey.As people shift towards natural immunity-boosting products during the pandemic, the sale of honey went up. This has presented a long-term growth prospectus for honey and related product producers. Middle East Asia and North Africa are the biggest markets although it presents exciting possibilities for expansion to other larger markets.
Regulatory Insights:
Beekeeping was added to the EU law (regulation 2092/91) governing livestock production in 2000. This means that within the EU, honey may be labelled and sold as organic only if it is produced, inspected and certified in accordance with the requirements detailed in this law. The regulation also applies to organic honey imported from outside the EU, which must be demonstrated to have been produced and controlled to equivalent strict standards.
Influencing Trend:
Increasing Inclination towards Organic Lifestyle among Consumers
Market Growth Drivers:
Importance of Bee's Honey and Its Usage of Various Applications such as Medicinal, Cosmetic and General Use and It is High Source of Nutrition, Energy and Immunity
Challenges:
Lack of Access to Suitable Containers for Storing, Transporting and Marketing Honey and Poor Diversity of Retail Packaging Materials in Developing Nations
Restraints:
High Cost of Natural Bee Honey, Shortage of Bee Forage and Lack of Adequate Beekeeping Skill and Lack of Effective Product Promotions
Opportunities:
Growing Disposable Income in Developing Nations and Increasing Popularity of Natural Bee Honey in Cosmetic Treatment in Developed Nations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Natural Bee Honey Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Natural Bee Honey Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Natural Bee Honey players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Natural Bee Honey Study Sheds Light on
The Natural Bee Honey Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Natural Bee Honey industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Natural Bee Honey industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.