Press release
Global Organic Wild Honey Market To Be Driven By Increasing Health Concerns And Rising Demand In The Food And Beverage Industry In The Forecast Period Of 2021-2026
Organic Wild Honey Market
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026):
Historical Market Size (2020): USD 650 Million (Global Organic Honey Market)
Forecast CAGR (2021-2026): 7.2% (Global Organic Honey Market)
The rising demand for organic wild honey products among the general public would push up market demand. Honey consumption is beneficial to one's wellbeing, which will boost demand growth.
The market is also expected to be fuelled by the introduction of various organic honey products. In the forecast era, however, the growing popularity of organic honey and its products, as well as rising public health concerns, would generate new opportunities for the organic wild honey industry.
Industry Definition and Major Segments
Wild honey collected from the nectar of wildflowers in the forest is known as organic wild honey. Crystals with the finest texture differentiate it. Wild honey has a long list of health benefits, including the potential to cure coughs, relieve sore throats, and function as a good curing agent thanks to its antibacterial properties.
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Based on distribution channel, the market can be segmented into:
Supermarkets and Hypermarkets
Convenience Store
Online
Others
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Market Trends
Due to concerns about chemical additives, consumer preferences have shifted toward the consumption of food products with natural ingredients as a result of an increasing focus on living a healthier lifestyle. This has a hugely positive effect on organic wild honey adoption as well. Some of the primary factors driving adoption are increased knowledge of different forms of organic honey, methods of processing, and health benefits.
All manufacturers who say their product is organic must meet certain regulatory criteria, which are then followed by a certification process that enables them to mark their product as "organic". Since organic product certification is required to assure customers of the product's authenticity, small businesses face cost barriers. This is leading to industry consolidation, as well-established players are eyeing these small businesses for mergers or acquisitions to increase their market presence.
For example, Amazon recently announced its intention to purchase Whole Foods Market, a supermarket chain specializing in natural and organic foods, in order to improve its organic honey sales. To mark their products as "organic," the United States Department of Agriculture (USDA) has required that all manufacturers selling organic products be USDA-certified. This could have a positive impact on organic honey demand and sales in North America.
Key Market Player
The major players in the market are the African Bronze Honey Company, Wildpure Ltd., Albertsons Companies, Inc, Pastili Limited, Big Island Bees, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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