About Honey-
Honey is a sweet, viscous liquid that is produced by bees. It is stored in a beehive or nest in the honeycomb. There are a wide range of advantages, including that honey is the powerhouse of nutrition. Raw honey contains various vitamins, minerals, and antioxidants. They reduce oxidative stress and potentially reduce the risk of chronic disease. Honey's viscosity coats and soothes sore throats, providing relief from coughs and irritation. They have antibacterial and antimicrobial properties, which can help wound healing and prevent infection. Shifts in dietary preferences, including a move towards natural sweeteners, have influenced the demand for honey.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the food and beverage industry as well the grocery sector. It has wide application in various industry verticals. Several companies such as E-bay, Amazon, Flipkart, and Walmart are operating in the market to provide customers with various features & unique offering products, services, and prices. The market is a highly fragmented market with the presence of several market players and local players. The demand for the market is huge which has wide consumption from the various end-user that is triggering the market growth over the forecast period Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Honey- 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.
Barkman honey LLC (United States), Beemaid Honey Limited (Canada), Beyond the Hive (United States), Capilano Honey Ltd (Australia), Camvita limited and its subsidiary (New Zealand), Dabur. Com (India), Dutch gold honey (United States), New Zealand honey co. (New Zealand), African bronze honey (Canada), Desert creek honey (United States) and Streamland honey group Ltd (New Zealand) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mc Cormic and company (United States), Golden acres honey products (Canada), Apis (India), Sioux honey association co-op (United States) and Rowse honey (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Honey- market by , Application (Food Industry, Cosmetic, Pharmaceuticals Industry and Others) and Region.
On the basis of geography, the market of Honey- has been segmented into
. If we see Market by Processing Methods, the sub-segment i.e. Raw will boost the Honey- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type, the sub-segment i.e. Wildflower Honey will boost the Honey- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Honey- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Glass Jars will boost the Honey- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased demand for manuka honey which is known for its unique antimicrobial property.
Market Growth Drivers:
Growing demand for organic and natural products. and Rising awareness about honeys health benefits
Challenges:
The decline in bee populations. and The avaibility of various sugar substitute and artificial sweeteners in the market.
Restraints:
Limited access of proper beekeeping equipment, technology and training.
Opportunities:
Growing focus on health and wellness present an opportunity for honey. and Increasing innovation in honey products.
Market Leaders and their expansionary development strategies
In January 2022, sweet harvest food Inc. a leading natural sweeteners platform and one of the largest honey packers has acquired the McKinney’s based nature nates honey co., to offer raw and organic nectar to consumer worldwide. The acquisition will benefit for consumer and retailers by making premium honey accessible to every home in country.
In July 2023, Capilano Honey Ltd. Has Launched Capilano Active Manuka Honey MGO 100+ and Capilano Active Honey MGO 550+. These variants contain the bioactive ingredient methylglyoxal (MGO), which is responsible for the honey’s antibacterial, anti-inflammatory, and wound-healing properties.
Key Target Audience
Government Research Organization, Private Research Organizations, Government Regulator Bodies and Others
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.