Market Research Future (Food and Beverages) Honey Market Share, Trends, Sales | Page 4

Honey Market Research Report- Forecast till 2023
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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.
Key Findings:
The Asia Pacific region is estimated to retain its dominance throughout the forecast period and will grow at a
substantial CAGR of 7.68%. Furthermore, among the Asia Pacific countries, China is projected to witness a
substantial growth of 6.95% during the forecast period of 2017-2023.
Global honey manufacturers find massive opportunity in China owing to the huge demand of honey as an
ingredient in personal care products among the population.
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