Core SEO Marketing Global Honey Market Research Report - Forecast til

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Global Honey Market Research Report - Forecast till 2023
https://www.marketresearchnest.com/global-honey-market-research-report---forecast-till-2023.html
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A Report Description
Report Description
Market Scenario
A shift in consumer food consumption pattern and increasing demand for healthy food and beverages is one
of the major drivers identified for the global honey market. Increasing demand for natural sweeteners and
rising awareness about the health benefits obtained from it are propelling the growth of honey, globally.
Additionally, the diverse application of honey is also adding fuel to its growth. Innovative flavors also tend to
attract consumers towards the offerings of manufacturers.
Honey is available in various forms and flavors. It also finds its traditional applications and is consumed
widely to treat various gastrointestinal ailments. High nutritional value of honey has made it a potential
substitute for table sugar. High antioxidant value and high shelf-life of honey are estimated to be increasing
its popularity among consumers. Based on its nutrient content, honey is also consumed by health-conscious
consumers to reduce the blood pressure level.
Regional Analysis
As per MRFR analysis, the global honey market is segmented into North America, Europe, Asia-Pacific, and
Rest of the world. Asia-Pacific is projected to retain its dominance throughout the forecast period, owing to
the rise in the production volume and increasing consumption of honey. The market share of the region is
estimated to reach 1,162.8 kt, in terms of volume by 2023. However, Rest of the World region, including
countries such as Latin America, the Middle East, and Africa, is projected to expand at a moderate CAGR of
7.31% during the forecast period, 2017-2023.
Segments
The global honey market is segmented into type, application, and packaging. Further, by region it is
segmented into North America, Europe, Asia-Pacific, and Rest of the world.
By type, it is segmented into alfalfa, wildflower, buckwheat, acacia, clover honey, and others. Among all, the
wildflower honey segment is projected to account for the maximum market proportion and is projected to
grow at a CAGR of 7.35% during the forecast period.
By application, it is segmented into food and beverage, personal care products, pharmaceuticals, and others.
The food and beverage segment is dominating the market due to the increasing demand for honey in food
products. This segment is projected to grow at a CAGR of 7.26% during the forecast period.
By packaging, it is segmented into bottle, jar, tube, tub, and others. The bottle segment is projected to
account for approximately 45% of market proportion and is projected to grow at a CAGR of 6.72% over the
review period of 2017-2023.
Key Players
The leading players profiled in the global honey market are Dabur India Ltd. (India), Capilano Honey Ltd.
(Australia), Comvita Ltd. (New Zealand), Barkman Honey Llc (U.S.), Bee Maid Honey Ltd. (Canada), Lamex
Food Group Ltd. (U.S.), Billy Bee Honey Products (Canada), and Beeyond The Hive (U.S.), among others.
Target Audience
Global honey manufacturers