Press release
Honey Market Size, Share, Future Growth, 2032 | Bee Maid Honey Limited, Comvita Limited, Dabur India Ltd.
Honey Market
The global honey market size was valued at USD 8.94 billion in 2023 and is projected to grow from USD 9.40 billion in 2024 to USD 15.59 billion by 2032, exhibiting a CAGR of 6.52% during the forecast period 2024-2032. Rising demand for organic and healthy alternatives to sugar to propel market growth. Fortune Business Insightsโข provides this information in its report titled "Honey Market, 2024-2032."
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ : https://www.fortunebusinessinsights.com/enquiry/sample/honey-market-100551
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โข Bee Maid Honey Limited (Canada)
โข Comvita Limited (New Zealand)
โข Capilano Honey Ltd. (Australia)
โข Dabur India Ltd. (India)
โข Billy Bee Honey Products (Canada)
โข New Zealand Honey Co. (New Zealand)
โข Barkman Honey LLC (U.S.)
โข Yamada Bee Company (Japan)
โข Dutch Gold Honey Inc. (U.S.)
โข Golden Acres Honey (Canada)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
๐๐ฎ๐๐ค๐ฐ๐ก๐๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ญ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐๐๐ฅ๐ ๐ญ๐จ ๐๐ข๐ ๐ก ๐๐ฎ๐ญ๐ซ๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฅ๐ฎ๐
By type, the market is segmented into alfalfa, buckwheat, wildflower, clover, acacia, and others. The buckwheat segment is expected to dominate due to its high nutritional value.
๐ ๐จ๐จ๐ & ๐๐๐ฏ๐๐ซ๐๐ ๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ญ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐๐๐ฅ๐ ๐ญ๐จ ๐ข๐ญ๐ฌ ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ
Based on application, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The food & beverage segment is expected to dominate due to its increasing applications.
๐๐จ๐ญ๐ญ๐ฅ๐ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐๐๐ ๐๐ฐ๐ข๐ง๐ ๐ญ๐จ ๐๐๐ฌ๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐จ๐ซ๐ญ๐๐ญ๐ข๐จ๐ง
By packaging, the market is categorized into glass jar, bottle, tub, tube, and others. The bottle segment is expected to lead the market due to its easy transportation.
Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐: https://www.fortunebusinessinsights.com/enquiry/get-a-quote/honey-market-100551
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
๐๐ข๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐จ๐ซ ๐๐๐ญ๐ฎ๐ซ๐๐ฅ ๐๐ฐ๐๐๐ญ๐๐ง๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ญ๐จ ๐ ๐จ๐ฌ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Honey is a healthy alternative to sugar and possesses several healing abilities. It can help patients suffering from sore throats and enhance their immunity. Increasing adoption of the product as a natural sweetener is expected to surge its demand. Further, the increasing adoption of nectar as a sugar alternative by the health-conscious population is expected to surge its demand. Moreover, evolving consumer preferences and rising per-capita income are expected to enhance demand for organic products. Also, increasing adoption of the product for medicinal drug production is expected to boost its sales. These factors may boost the honey market growth.
However, product alterations are likely to hinder market growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐ฌ๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐๐๐ญ๐๐ซ ๐ญ๐จ ๐๐ซ๐จ๐ฉ๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐
Asia Pacific is expected to dominate the honey market share due to its extensive production. The market in Asia Pacific stood at USD 2.86 billion in 2021 and is expected to gain a huge portion of the global market share in the coming years. Furthermore, increasing government investments in beekeeping are likely to boost market growth. For example, the Indian Government allocated nearly USD 68 million toward beekeeping under the Atma Nirbhar Bharat initiative in May 2020.
In Europe, increasing awareness regarding the product's health benefits is expected to bolster its adoption. Further, evolving consumer preferences and rising consumption of organic products may foster market growth.
In North America, the increasing number of beekeepers in Canada and the U.S. is expected to fuel the product demand. Furthermore, the strong demand for organic products enhanced industry growth.
๐๐ฌ๐ค ๐ ๐จ๐ซ ๐๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/honey-market-100551
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐๐ฏ๐ข๐ฌ๐ ๐๐จ๐ฏ๐๐ฅ ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฎ๐ง๐๐ก๐๐ฌ ๐ญ๐จ ๐๐ฅ๐๐ฏ๐๐ญ๐ ๐๐ซ๐๐ง๐ ๐๐ฆ๐๐ ๐
The prominent players operating in the market announce novel products to elevate their brand image and increase sales. For example, Tayima Fods launched its organic and raw I'M HONEY in January 2022. The product is available in several flavors and offers high medicinal value. The product was available through online retail outlets such as Amazon. This launch may allow Tayima to enhance its sales and bolster its brand image globally. Further, companies devise mergers, partnerships, expansions, and research & development to bolster market growth.
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
๐๐๐ง๐ฎ๐๐ซ๐ฒ ๐๐๐๐: Apis India launched organic honey, which is made of honey sourced from organic certified lands in India.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
๐๐จ๐ง๐๐ฒ ๐ ๐จ๐จ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.fortunebusinessinsights.com/honey-food-market-104993
๐๐จ๐ง๐๐ฒ ๐๐ฉ๐ซ๐๐๐ ๐๐๐ซ๐ค๐๐ญ: https://www.fortunebusinessinsights.com/honey-spread-market-106693
๐๐๐ง๐ฎ๐ค๐ ๐๐จ๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ: https://www.fortunebusinessinsights.com/manuka-honey-market-108705
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Fortune Business Insightsโข Pvt. Ltd.
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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