Global Honey Market Size is anticipated to exceed US$ 25.8 Billion by 2028, By Skyquest Technology

Global honey market is driven as more people turn to natural remedies, honey sales are increasing. Additionally, the increasing use of honey in the formulation of drugs for the treatment of cough and acute throat infections due to its antiviral, antifungal, and antibacterial properties as well as scientific validation of its therapeutic properties are fostering market expansion. Furthermore, during the forecast period, market participants have lucrative opportunities due to the introduction of numerous organic honey products and significant investments in organic goods. Due to growing consumer awareness of the benefits of organic honey as well as the negative effects of chemical-based products, the market for organic honey will continue to expand.
Leading companies are focusing on releasing a variety of product variants, which is spurring the market's expansion. The Government of India (GoI) is also starting a number of mentoring services and training programmes to educate farmers on the most recent beekeeping methods. Furthermore, the development of organised distribution channels like supermarkets, hypermarkets, convenience stores, and general stores as well as the booming e-commerce industry are encouraging market growth. Further driving the market is anticipated to be rising key player investments in research and development (R&D) activities to improve extraction processes.

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Read market research report, "Global Honey Market By Type (Alfalfa, Wildflower, Buckwheat, Acacia, Clover, and Others), By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and Others), By Packaging (Glass Jar, Bottle, Tube, and Other) & By Region - Forecast and Analysis 2022-2028" by SkyQuest
As consumer preferences shift, organic honey is gaining popularity in the personal care sector. As consumers become more knowledgeable about the ingredients used in personal care products, they are taking precautions to avoid any potentially hazardous ingredients. Organic honey is used as a gentle exfoliant in the cosmetics industry to preserve moisture in products, preserve aroma, and nourish skin.

Global honey market segmentation is done on the basis of type such as alfalfa, wildflower, buckwheat, acacia, clover, and others. Among these, the majority of the market is owned by buckwheat. China, Russia, and a number of European nations are very familiar with monofloral buckwheat honey. The demand for cough syrup made from buckwheat is increasing as a result of the product's high nutritional value, less sweet flavour, high antioxidant content, and numerous medicinal properties. Another common variety that is highly sought after across the countries of North America is alfalfa, which has a mild flavour and aroma. Both for direct consumption and for food preparation, it is used. Clover honey is expected to become very popular in the upcoming years due to its antiviral, antioxidant, and necessary minerals and vitamins.

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According to the application for the Honey market, the largest market share belongs to food and beverages. Direct consumption of the product is possible, and it has many uses as an additive and sweetener in the food and beverage industry. The taste and texture of the finished product are enhanced by using various types of this sweetener in beverages, confections, and other baked goods in place of or in combination with sugar. The drug industry is seeing an increase in demand for the product due to its anti-inflammatory, anti-bacterial, and other health-improving properties, particularly for the formulation of cough syrups and liquid dietary supplements.
Among the regions, the Honey market share is anticipated to be dominated by Asia Pacific. In the Asia-Pacific region, China and India produce and consume the most honey. Due to China's extensive landmass, a plentiful supply of nectar sources, large population, and rising standard of living, domestic honey production has increased. Honey is a more widely accessible staple food in China than sugar is. China, a nation of more than 1.4 billion people, consumed more than 300,000 metric tonnes of honey every year in 2020.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Honey Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Honey Market Trends
• Comprehensive Mapping of Honey Industry Parameters
• Attractive Investment Proposition in the Global Honey Industry
• Competitive Strategies Adopted by Honey Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Honey Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Honey market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Honey Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Honey Market based on Type, Application, Packaging and Region:
● Global Honey Market by Type (Revenue, US$ billion, 2022 - 2028)
o Alfalfa
o Wildflower
o Buckwheat
o Acacia
o Clover
o Other
● Global Honey Market by Application (Revenue, US$ billion, 2022 - 2028)
o Food & Beverages
o Personal Care & Cosmetics
o Pharmaceuticals
o Other
● Global Honey Market by Packaging (Revenue, US$ billion, 2022 - 2028)
o Glass Jar
o Bottle
o Tube
o Others
● Global Honey Market By Region (Revenue, US$ billion, 2022 - 2028)
o North America
▪ U.S.
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

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This release was published on openPR.