Market Research Future (Food and Beverages) Honey Market Research Report | Page 3

Honey Market Research Report- Forecast till 2023
2 Market Overview
Honey is a natural sweetener produced by bees and extracted through plant’s nectar. The major components of
honey include carbohydrates, water, nitrogenous substances, and minerals. Honey is considered to be a potential
replacement for table sugar. The market for honey is anticipated to increase during the forecast period based on
increasing health consciousness among the consumers and rising demand for an alternative to table sugar.
Honey has several health benefits associated with it which makes it a healthy sugar substitute in the market. It is
gaining popularity among the growing health-conscious consumers being a natural source of various health
benefits. Honey contains antioxidants which help to prevent cellular damage and loss in the brain. Owing to its
health benefits, the honey market is anticipated to gain healthy growth over the forecast period.
It has been observed that the demand for mono-floral honey is increasing in countries such as the U.S., the U.K,
Japan, and Australia. Mono-floral honey is a type of honey which is predominantly made from the nectar of a
particular plant and has a distinct natural smell. The benefit of the honey depends on the particular plant species
from which the nectar has been prepared. This increase in the demand for this distinct type of honey is one of the
driving factors for the growth of the global honey market. However, fluctuating prices of honey are considered to be
a major restraint towards the growth of the global honey market.
Target Audience:
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Global honey manufacturers
Foods & beverages industry
Pharmaceutical industry
Raw material suppliers
End users
Retailers and wholesalers
E-commerce companies
Traders, importers and exporters
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