Lychee Honey Market Scope
Lychee honey is a light colored monofloral honey which is produced in the regions of Manakara and Mananjary, in the southeastern coastal part of the country. It consists of 70% lychee pollen and 30% other kind of pollen. Also, it has a very delicate flavor with a taste slightly reminiscent of roses. The lychee honey also crystallizes quickly and has thin granulation. The product can be included in diet as it is sweet in taste and contains rich vitamins and minerals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Billy Bee Products (United States), Capilano Honey (Australia), Comvita (New Zealand), Barkman Honey (United States), Steens (Netherlands), The Honey (United States), Bee Maid Honey (Canada), Dabur (India), Dutch Gold Honey (United States) and Golden Acres Honey (Canada) |
CAGR | % |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Lychee Honey market throughout the predicted period.
Billy Bee Products (United States), Capilano Honey (Australia), Comvita (New Zealand), Barkman Honey (United States), Steens (Netherlands), The Honey (United States), Bee Maid Honey (Canada), Dabur (India), Dutch Gold Honey (United States) and Golden Acres Honey (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are HoneyLab (New Zealand) and Little Bee (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Lychee Honey market by Type , by Application (Cakes and Pastries Segments, Skin Care Products, Medicine Sugar Coatings and Others) and Region with country level break-up.
On the basis of geography, the market of Lychee Honey 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2020 - Gowan Crop Protection Limited, an affiliate of Gowan Company, L.L.C., announced today that it has entered into agreements with Bayer AG to acquire global rights to the active ingredient Spirodiclofen. The acquisition includes product registrations and trademarks, including Envidor™, Envidor Speed™, Ecomite™, and related intellectual property and labels.
In April 2020, Khadi and Village Industries Commission (KVIC) has launched the honey mission to promote beekeeping. Prime Minister Narendra Modi launched the honey mission from Banaskantha in Gujarat. India's honey is also in high demand in other countries, but farmers are suffering.
The regulation must be followed by Food Business Operators by January 1, 2022. Every package must bear the name of the food, a list of ingredients, nutritional information, and a declaration of vegetarian (a green colour filled circle inside a green colour square box) or non-vegetarian (a brown colour filled triangle inside a brown colour square box) logo. Furthermore, the labelling requirement includes a declaration regarding food additives, the name and complete address of the concerned brand owner, manufacturer, marketer, packer, or bottler, and the FSSAI logo with licence number.
Influencing Trend:
Increasing Health Consciousness among the Individuals
Market Growth Drivers:
Various Health Benefits of Lychee Honey of Fueling the Market Growth and Applications in Confectioneries and Skin Care Products are fueling the Market
Challenges:
Availability of Alternative Products
Restraints:
Fluctuating Prices of Honey May Hamper the Market
Opportunities:
Increasing Consumption of Honey is Boosting the Market and Rising Demand of Distinct Types of Honey
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others