Industry Background:
Pine honey is a sweet & spicy honeydew honey found in dark amber color. These honey products are produced from pine trees which are mostly found in European countries. Turkey alone accounts for close to 90% of total pine honey production worldwide. Pine honey is among the best alternative to sugar, and it contains various healthy ingredients such as potassium, calcium, magnesium, zinc and iron among others as well. Growing awareness about medicinal benefits offered by pine honey has led to rise in demand.This growth is primarily driven by Growing Demand for Organic Food Products Owing to Health Benefits Associated with It and Rise in Health Conscious Population Led to Increase in Demand for Gluten-free Products.
Globally, a noticeable market trend is evident Rise in Demand of Monofloral Honey Products
. Major Vendors, such as Barkman Honey (United States), Bee Maid Honey (Canada), Beeyond the Hive (United States), Billy Bee Products (Canada), Capilano Honey (Australia), Comvita (New Zealand), Dabur (India), Dutch Gold Honey, Golden Acres Honey (Canada), HoneyLab (New Zealand), Little Bee Impex (India), Polar-Honey (Finland), Rowse Honey (United Kingdom), Savannah Bee (United States), Sioux Honey (United States) and Steens (New Zealand) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On November 1st 2019, European Bank for Reconstruction and Development (EBRD) shows its intention to certify Turkish pine honey at the EU level. The certification is expected to bolster the efficiency, and sustainability of Turkey’s honey sector.
Market Drivers
- Growing Demand for Organic Food Products Owing to Health Benefits Associated with It
- Rise in Health Conscious Population Led to Increase in Demand for Gluten-free Products
Market Trend
- Rise in Demand of Monofloral Honey Products
- Increasing Online Sales of Pine Honey
Restraints
- Growing Dominance of Local Manufacturers Led to Rise in Sales of Counterfeit Pine Honey Products
- High Cost, and Complexity Involved in Sourcing Pine Honey
Opportunities
Use of Biodegradable Materials in Pine Honey Packaging and Rising Prevalence of Celiac Disease and Growing Need to Prevent Them
Challenges
High Dependability on Import of Pine Honey from European Countries
AMA Research follow 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 mostly 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 showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include 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, Pine Honey Study Sheds Light on
The Pine Honey Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Pine Honey industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Pine Honey industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey 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 value they currently claim, or capture the new addressable opportunity.