Indian Honey Market Size, Share, Growth, Leaders, Future Trends, Historical Analysis and Forecast 2022-2027

According to the recent study by IMARC Group, titled "Indian Honey Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the Indian honey market reached a value of INR 21.1 Billion in 2021. The market is projected to reach a value of INR 38.3 Billion by 2027, registering a CAGR of 10.31% during 2022-2027.

Honey is a sweet, viscous and golden-colored food product prepared by bees in their honey sacs using flower nectars. It is a rich source of flavonoids, vitamins, minerals, and antioxidants, which account for many health benefits, such as boosting the immune system, enhancing good cholesterol levels, providing skin nourishment, and reducing oxidative stress. In addition, it also possesses antibacterial and antiseptic qualities that accelerate the burn and wound healing process by providing a moist environment. Since, honey is available in different flavors, it is widely utilized in the preparation of various processed foods, including jams, jellies, and beverages.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Market Growth Analysis:

Significant growth in the food and beverage sector is driving the market in India. Coupled with the rising geriatric population and the rising prevalence of chronic medical ailments, such as diabetes, heart disease, and cancer, are fuelling the demand for honey. Additionally, shifting preferences towards honey-based products due to their availability in various flavors, enhanced health benefits and changing dietary patterns of individuals is propelling the market. In response to the escalating demand, major companies are focussing on developing new varieties and broad product ranges, including the organic versions, which are gaining widespread prominence across the country. Furthermore, continuous improvements in organized distribution channels, such as hypermarkets, and convenience stores and the emerging e-commerce sector, are impacting the market growth favorably. Other factors, including growing utilization in pharmaceutical and cosmetic sectors and increasing investments by several leading players in research and development (R&D) activities to improve extraction processes and improve shelf-life, is anticipating the market across India.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Dabur
• Patanjali
• Apis India
• Emami Limited
• Hitkary Pharmacy Private Limited
• Reliance Retail Limited
• Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
• Kejriwal Bee Care India Pvt. Ltd.
• Bharat Honey
• Under The Mango Tree

Breakup by Flavour:

• Multiflora Honey
• Eucalyptus Honey
• Ajwain Honey
• Sidr Honey
• Others

Breakup by Seasonality:

• Autumn and Spring Season
• Winter Season
• Summer and Monsoon Season

Breakup by Distribution Channel:

• Business to Consumer
• Business to Business

Breakup by State:

• Maharashtra
• Tamil Nadu
• Karnataka
• Punjab
• Rajasthan

Key highlights of the Report:

• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.