Sales of Honey is Expected to Exceed US$ 15.2 Bn During Forecast Period 2021-2031

The global honey market was valued at USD 9.2 billion in 2020, and it is projected to reach USD 15.2 billion by the end of 2031, registering a CAGR of 5.1% during the forecast period 2021-2031.

The demand for organic honey and flavoured honey has increased the sales of honey in various regions.

In addition, the health benefits of honey have proved to be an alternative for other sweeteners. The use of honey in various food and beverage products is driving the sales for honey. Thus, the sales of honey are expected to exceed US$ 15.2 Bn by registering a positive CAGR of 5.1% during the forecast period 2021-2031.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Honey market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Honey

This newly published and insightful report sheds light on Market Insights of Honey, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Honey Market.

Existing predictions of honey market, encompassing current as well as forthcoming likely values estimates, analysis on region-wise demand trends and price index have been assimilated in the report.

Market estimates at regional and global scale for honey is available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent honey market segments, along with the market attractiveness valuation computes has been incorporated in the report. Metrics mentioned above are also followed based on honey applications where honey witnesses a steady demand.

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Honey Market: Segmentation

FactMR’s study has done the segmentation of honey market on the basis of nature, product, packaging format and sales channel

By Nature
• Organic
• Conventional

By Product
• Clear Honey
• Varietal Honey
• Manuka Honey
• Honey
• Buckwheat Honey
• Rosemary Honey
• Dandelion Honey
• Eucalyptus Honey
• Others

By Packaging
• Glass Jars
• Plastic Containers
• Bulk Packaging

Sales Channels
• Business to Business
• Food & Beverages
• Cosmetics & Personal Care
• Pharmaceuticals
• Business to Consumer
• Modern Trade Channel
• Convenience Stores
• Online Retailers
• Other Channels

By Region
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Competitive Landscape
• Valeo Foods Group is a prominent market player and covers prominent share in the market with the wide range of honey and honey based products. The company has produced more than 26,000 Metric Tons of honey each year. In 2018, the company acquired Tangerine Confectionary to support its confectionary business division.
• Uren Food Group Ltd. is a one of the prominent market players focusing on providing various types honey and honey products. Uren’s Mono-floral honey comes with distinctive flavours and other qualities such as smell colour and, texture.

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Honey Market: Scrutinized Assessment on Regional Segments

Weighted sections have been elaborated in the report on honey market, which deliver projection on the regional markets. These chapters enhance the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of honey market during the forecast period.

Country-specific valuation on demand for honey has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominence in regions and countries. For all regional markets Y-o-Y growth estimates have also incorporated in the report.

Honey Market: In-depth Analysis on Competitive Landscape

The report talks about the competition scenario of honey market, along with the profiles of prominent companies contributing to the market expansion. Essential and Up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of the honey, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been combined in the report, which exert essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player The company presence is mapped and presented through the matrix for all the prominent players of the market functioning in the honey market thus offering the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition levels in honey market.

Prominent companies operating in the global honey market, include Uren Food Group Ltd., Valeo Foods, Hain Daniels Group, Miller Honey Farms Inc., Beechworth Honey Pty Ltd., Paynes Bee Farm Ltd., Wholesome Sweeteners Inc., Wedderspoon Organic Inc., Dabur India Ltd., Royal-Bees EOOD, Adee Honey Farms LP, Pastili Limited, Capilano Honey Ltd and others.

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