Market Research Future (Food and Beverages) Honey Market Research Report | Page 4

Honey Market Research Report- Forecast till 2023
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Regional Analysis:
The global honey market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among
these, the Asia Pacific region is projected to retain its dominance throughout the forecast period owing to the rise in
the production volume and increasing consumption of honey. The Asia Pacific 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.
On the basis of the type, it is segmented into alfalfa, wildflower, buckwheat, acacia, clover honey, and
others. Among all, the wildflower honey segment is projected to account maximum market proportion
and projected to grow at CAGR of 7.35% during the forecast period.
On the basis of the application, it is segmented into food & beverage, personal care products,
pharmaceuticals, and others. The food & beverage segment is dominating the market due to increasing
demand for honey in the food products. This segment is projected to grow at CAGR of 7.26% during the
forecast period.
On the basis of the packaging, it is segmented into the bottle, jar, tube, tub, and others. The bottle
segment is projected to account for approximately 45% market proportion and projected to grow at
CAGR of 6.72% over the review period of 2017-2023.
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