DUBLIN – (COMMERCIAL THREAD) – The “Global Honey Market Size, Share and Trend Analysis Report by Distribution Channel (Online, Supermarket / Hypermarket), by Application (Food & Drink, Personal Care & Cosmetics), by Region and Segment Forecast, 2021-2028 “report was added to ResearchAndMarkets.com offer.
Global honey market size expected to reach USD 17.34 billion by 2028, registering a CAGR of 8.2%
The growing awareness of maintaining a healthy lifestyle is expected to be the main driver of market growth during the forecast period.
Honey has excellent nutritional and medicinal properties. It improves the body’s immunity, helps in weight management and prevents blood pressure problems. It is also a rich source of antioxidants and helps in the healing of burns and scars. Due to these properties, it is widely used in various industries apart from food and beverage, such as personal care, cosmetics, and pharmaceuticals.
Europe was the largest regional market in 2020 and accounted for a revenue share of over 34.0% in 2020. In January 2018, Altiparmak, one of Turkey’s leading honey producers, secured funding from the European Bank for Reconstruction and Development (EBRD) of USD 4.98 million to develop and advance its value chain. In addition, it is also used for the improvement of its production and innovation in Apitherapy.
Highlights of the Honey Market Report
The food and beverage applications segment was the largest product segment in 2020, accounting for a share of over 70%
However, personal care and cosmetic applications segment is expected to register fastest CAGR from 2021 to 2028
The supermarket / hypermarket distribution channel segment dominated the market in 2020 and will maintain its dominant position throughout the forecast period due to the increasing number of new stores across the globe.
The online segment is expected to register the fastest CAGR of over 8% from 2021 to 2028. The recent global pandemic has forced customers to start shopping through e-commerce, which in turn is driving the growth of the segment. .
Asia-Pacific is expected to remain the fastest growing regional market during the forecast period owing to the expansion of the food and beverage industry in countries like China, India and the Japan
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
Chapter 3. Variables, Trends and Scope of the Honey Market
Chapter 4. Analysis of consumer behavior
Chapter 5. Honey Market: Application Estimates and Trend Analysis
Chapter 6. Honey Market: Estimates of Distribution Channels and Trend Analysis
Chapter 7. Honey Market: Regional Estimates and Trend Analysis
Chapter 8. Competitive analysis
Chapter 9. Company Profiles
Beyond the hive
Dabur India Ltd.
Capilano Honey Ltd.
Honey from Barkman, LLC.
New Zealand Honey Co.
Oha Honey LP
Bee Maid Honey Ltd.
Streamland Biological Technology Ltd.
Dutch Gold Honey, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/56znjj