Organic Honey Market Forecast Rising Demand Leads to Sustained Growth during the Period 2017-2022
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Global market for organic honey will continue to be influenced by rise in geriatric population, which significantly demands for products having nutritional benefits. In addition, implementation of standards for production of organic honey will further spur its demand by eco- and health-conscious consumers. This report, published by Fact.MR, provides in-depth analysis of the global organic honey market for the forecast period 2017-2022, and offers key insights about future market direction.
The report offers an overview of the global organic honey market. This comprises an introduction to the market, along with a standard definition of the product – organic honey. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global organic honey market, the report provides updates about market opportunities, which can benefit leading manufacturers of organic honey. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for organic honey manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Key Takeaways from Fact.MR’s Report on Organic Honey Market for Forecast Period 2017-2022
1) In terms of revenues, Europe will remain the most lucrative region for growth of the organic honey market. Approximately two-fifth revenue share of the global market will be account by Europe in 2016. However, demand for organic honey is estimated to witness a slight decline by 2022-end. Consumers in Europe are shifting their buying preferences toward organic products, of which manufacturing has little impact on the environment. Therefore, while planning business expansion strategies, European market players are increasingly focusing on understanding consumer behavior and purchasing patterns. Currently, majority of the European consumers are more inclined toward using organic honey as an alternative to sugar.
2) The organic honey market in North America and Asia-Pacific excluding Japan (APEJ) will exhibit a relatively faster expansion than that in Europe through 2022. Revenues from the market in Japan and Middle East & Africa (MEA) will remain low during the forecast period.
3) Based on types of organic honey, manuka honey will continue to be sought-after among consumers, followed by clover honey. Revenues from global sales of clover honey and manuka honey will account for over 40% share of the market during the forecast period. However, sales of manuka honey will register a comparatively faster expansion than those of clover honey through 2022.
4) On the basis of end use, revenues from organic honey sales in food & Beverage sector will continue to be significantly higher than combined revenues from those in cosmetic & personal care and pharmaceuticals & nutraceuticals sectors. Food & Beverage is also projected to remain the fastest growing end use industry for organic honey during 2017 to 2022.
5) Wholesale/distributor, and modern trade are anticipated to retain their dominance among sales channels in the global organic honey market, in terms of revenues. Over two-third revenue share of the market will be accounted by organic honey sales in these two sales channels throughout the forecast period.
6) Although plastic containers are projected to be the fastest expanding packaging type for organic honey, revenues from glass jars will remain comparatively larger during 2017 to 2022.
Organic Honey Sales for End Use in Food & Beverages to Register Robust Expansion through 2022
Sales of organic honey for end use in food & beverages are projected to register a robust expansion, to surpass US$ 130 Mn in revenues by 2022-end. Revenues from end use of organic honey in pharmaceuticals & nutraceuticals will remain low, however sales in this end use segment is likely to witness a significant increase during the forecast period.
Based on sales channel, Market Conditions for sales of organic honey in convenience stores and online sales will remain approximately similar throughout the forecast period. In terms of revenues, wholesaler/distributor will continue to be the largest sales channel for organic honey.
In terms of packaging type, glass jars will continue to account for the largest revenue share of the market, and their sales are projected to rise at a CAGR of nearly 7% through 2022.
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Key players identified by Fact.MR in its report on the global organic honey market include Glorybee Inc., Little Bee Impex, Madhava Honey Ltd., Wholesome Sweeteners Inc., Y.S. Eco Bee Farms, North Dallas Honey Company L.P., Heavenly Organics, LLC, Wedderspoon Organic Holdings, L.P., and Barkman Honey LLC.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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