About Honey Food
Honey Food is a food which has some amount of content on honey as an ingredient. Honey is naturally a sweet food produced by honeybees by searching nectar from flowers. Honey bees have a natural phenomenon of converting nectar to honey. The bees help in storing the honey as a food source in their wax honeycombs inside beehives. The food that is made up of honey is very effective in nature, they give the natural sweetness to the food protecting consumers against any kind of artificial sweetness. Honey food also helps full in fighting diseases such as cancer. Rising interest of consumer for the consumption of honey made food across the globe is driving the market for honey food.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.4% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new technology, which is likely to encourage the growth of the global market throughout the forecast period Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Honey Food 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), Bee Maid Honey Limited (Canada), Billy Bee Honey Products Company (Canada), Capilano Honey Limited (Australia), Comvita Limited (New Zealand), Dabur India Limited (India), Dalian Sangdi Honeybee Co., Ltd. (China), Beeyond the Hive (United States), Lamex Foods (United States) and Hi-Tech Natural Products (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Honey Food market by Type (Table Honey and Cooking Ingredient Honey), Application (Food & Beverage, Personal Care Products, Pharmaceuticals and Others) and Region.
On the basis of geography, the market of Honey Food 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. Hypermarkets and Supermarkets will boost the Honey Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Bottle will boost the Honey Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Natural Sweeteners across Globe, Use of Honey as an Anti-Cancer Agent and Increasing Demand for Monofloral Honey Used To Prepare Honey Food
Market Growth Drivers:
Increasing Number of Innovations In The Process Of Honey Harvesting, Rising Interest for Honey Food among the Consumers, High Optimization of Hive Productivity, Hive Health Remotely, and Security and Increasing Number of Software to Monitor the Strength and Health of Hives
Challenges:
Availability of Substitutes in Market and Lack of Knowledge among the Consumers Related to the Benefits of Honey
Restraints:
High Increasing Price of Honey
Opportunities:
Growing Demand from the Foods and Beverages Industry and Growing Popularity of Honey as a Sugar Substitute in both Developing and Developed Countries
Market Leaders and their expansionary development strategies
In July 2023, Monson's Honey and Pollination, a leader of the Australian beekeeping and pollination industry, and BeeHero, the pioneer of data-driven precision pollination, today announced a partnership to bring BeeHero's groundbreaking hive monitoring technology to Australian beekeepers and growers. The partnership marks BeeHero's first venture into the Australian market.
In March 2023, Bagrrys India, a leading breakfast cereals & health food brand in India that make products such as oats, mueslis, corn flakes, muesli bars, nut butters, bran etc. has announced the launch of Bagrry’s Organic Wild Honey. By foraying into the premium honey and preserves category, the brand aims to enhance the overall experience of consuming 100% natural organic honey by providing a wholesome and nutritious solution.
Key Target Audience
Honey Food manufacturers, Foods & beverages industry, Pharmaceutical industry, Raw material suppliers, End users, Retailers and wholesalers and E-commerce companies
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.