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Honey Market Analysis and Research to Witness Relatively Significant Growth During 2019 to 2029

The new report on the Honey market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Honey market. 2014 is considered as the base year and 2029 as the estimation year.

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The processed food industry has showcased impressive developments in the present years and has offered a feasible enhancement to honey, thereby driving expansion in the honey market. Retail food industry is seeing an optimistic growth, and gaining massive momentum thus giving an impetus to the honey market. The growth is spurred owing to the demand for varietal honey like Manuka honey, Blueberry honey, Dandelion honey.  The production of the mono-floral honey is increasing over the last few years thus boosting the demand for varietal honey.

The current evolution trends of honey market are being witnessed due to the cumulative number of the functional food industries, beverages industries and nutritional food industries across all the regions of the globe. The wide range of flavors of honey is a new trend in the market. Moreover, the craft brewing industry is using differently flavored honey to match the flavor of the beer to be brewed.

To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.

The study provides detailed profile of key players and their offering in the Honey market, which include

  • Valeo Foods
  • Hain Daniels Group
  • Miller Honey Farms Inc.
  • Beechworth Honey Pty Ltd.

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The report offers insight into the competitive dynamic in the Honey market which has shaped the major strategies of each player. It also covers recent moves such as partnerships and collaborations, mergers and acquisitions, diversification and research investments, of each prominent player. The key factors that shape the entry barrier and intensity of competition in the Honey market are presented in the analysis. Further, the study provides PESTLE analyses of numerous players and an evaluation of how the competitive landscape will evolve over the forecast period.

On the basis of end use industry, the global Honey market report offers insights into the opportunities and new avenues of following key segments:

  • Food & Beverages
  • Cosmetics & Personal Care
  • Pharmaceuticals

In order to analyze growth prospects in aforementioned segments in the global Honey market, the study assesses demand and consumption patterns of following product segments

  • Varietal Honey
  • Manuka Honey
  • Sourwood Honey
  • Buckwheat Honey

The global Honey market report answers numerous pertinent questions, some of which are:

  • What are some of the latent areas of investments in the Honey market?
  • Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
  • What trends are likely to change the status quo of the positions held by leading players of the Honey market in the not-so-distant future?
  • Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Honey market?
  • What are the strategies adopted by top players to retain their stronghold in the Honey market?
  • Which strategic moves will new entrants adopt to gain a strong foothold in the Honey market?

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How can Fact.MR Make Difference?

  1. In-depth understanding of key industry trends shaping the present growth dynamics
  2. Offers value chain analysis and price trend analysis of various offering of competitors
  3. Offers data-drive decision to help companies decide strategies that need recalibration
  4. Offers insights into areas in research and development that should attract
  5. Identifies data outliers before your competitors
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Market Reports

Honey Market Anticipated to Grow at a Significant Pace by 2022

Retaining the sweetness in food products & beverages has become a rugged task for manufacturers as consumers continue to be skeptical about the genuineness of such sugars. More and more people in the world are victims of diabetes, urging F&B companies to cautiously include artificial sweeteners as well as natural sugars. But, a quick fix for this global dilemma is the inclusion of pure honey in production of sweets, food products and drinks. Easy availability and organic nature of honey make it one of the most aptly-applicable sweet in the world. Furthermore, the sugary content in honey renders it edible for diabetic patients, encouraging food and beverage producers to replace any other sweeteners with honey. Food preparation methods, as common as baking, have integrated the use of honey, while consumers are buying packaged honey to replace sugars from their morning beverages such as tea or coffee.

Increasing demand for honey has catalyzed the production of nectar on commercial grounds. Horticulture is raking in greater investments for expanding commercial cultivation of beehives and production of honey through naturally-obtained nectar. Inclusion of honey bottles in top consumer retail goods such as sauces, mustards, and other seasoning flavors has surged business opportunities for producers of honey products. The global honey market continues to gain traction due to modern uses of honey in health and food & beverages industry, anticipating an ascending growth in the future. Advancements in food-making technology will further hike the applicability of honey, instigating a significant rise in business opportunities for honey product manufacturers.

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Global Honey Market: Growth Accelerators & Restraints

Besides being a predominant food additive in the world, honey is also proliferating untapped verticals of food and beverage production. Some of the modern applications of honey in the F&B industry include production of commercial beverages, honey mustard, and honey barbeque sauce. Fermentation of honey in production of sweet alcoholic drinks such as meads, honey wines and honey beers is also gaining momentum. Healing benefits of honey are expected to be a crucial factor driving the growth of global honey market. Therapeutic use of honey expands the market into industrial verticals of drug production, healthcare facilities, and production of medicinal disposables. Preservation duration for honey is quite extended, allowing consumers to store in absence of refrigerators.

However, the sugar profile of honey continues to induce consumer skepticism in the global market. Being naturally sweet doesn’t restrict honey from being probed by scientists and medical researchers. The hampering effect of consuming honey during treatment of open wounds creates a major dislike among diabetic patients. Adulteration practices undertaken by honey manufacturers lowers their consumption, while potential health risks of such impure products aggravates the businesses in global honey market. Botulism and health disorders caused due to consumption of toxic honey are also some key restraints influencing the growth of global honey market.

Global Honey Market: Segmental Analysis

The global market for honey can be segmented on the basis of types of honey. Some of the most common and commercially-produced honey types include date honey, flower honey, buckwheat honey, acacia honey, and linden honey, among others. Consumption of date honey continues to surge owing to dates being a good source of energy, vitamins, minerals and fiber. For acacia honey, the low sucrose levels and high fructose levels render it apt for diabetic patients.

Global Honey Market: Trends & Opportunities

Medical use of honey will continue to expand business opportunities for manufacturers, unifying pharmaceutical production with honey production. Drugs containing honey are equipped with key trace elements having wound-healing properties. Hydrogen peroxide, methylglyoxal and other compounds that are present in honey can be used in production of antibiotic drugs, compelling researchers to devise more accurate studies on medical uses of honey. Effectiveness of honey-derived drugs will inflate its presence in healthcare measures across the world.

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Global Honey Market: Key Players

Production of honey involves crucial monitoring systems that ensure lack of adulteration. Although, prevalence of malpractices such as mixing sugar syrups has tainted the market presence of several honey-making companies. Adopting advanced technologies and manufacturing equipment for a refined production of wholesome honey is now a prominent trend adopted by the market’s participants.

Some of the prominent companies in the global honey market include-

  • Lamex Foods UK Limited
  • Honey Sugar Product
  • Phondaghat Pharmacy
  • LITTLE BEE IMPEX
  •  Hi Tech Natural Products (India) Ltd.