The Global Honey Food Market ShareSize, Trend, Price, Growth, Report and Forecast 2022-2027′ by Expert Market Research provides an in-depth view of the global Honey-Based Foods market, assessing the market on the basis of its segments such as nature, type, distribution channel and main regions .
The report studies the latest market updates along with their impact on the market. It also analyzes market demand, along with its price and demand indicators. The report also tracks the market based on SWOT and Porter’s Five Forces models.
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Honey Food Market Share, Size, Industry Report, Key Player, Major Segments and Forecast
Key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.20%
|Growth rate CAGR
||Capilano Honey Ltd., Barkman Honey, LLC, Comvita Limited, Pastili Limited, Dabur India Ltd.,
Bee Maid Honey Limited and others
The major countries that account for the highest share in terms of honey production are India, Mexico, USA, China, Argentina, Ukraine, Turkey, and Russia among others. Globally, the demand for honey has increased in recent years, with the United States leading the growth.
In India, beekeeping is traditionally practiced. There are different varieties of raw honey produced in India like rapeseed/mustard honey, eucalyptus honey, lychee honey, sunflower honey, etc. India exports a large percentage of honey to countries like USA, Saudi Arabia, UAE, Morocco, Bangladesh. and Canada, among others.
Honey Food Industry Definition and Major Segments
The honey bee’s upper aerodigestive tract and flower nectar combine to produce honey, which is then concentrated inside the hive through a process of dehydration. The complex chemical composition of honey varies depending on the botanical source. Honey has long been used both as food and for medicinal purposes.
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The honey food market can be segmented on the basis of nature, type, distribution channel and region.
Based on Nature, the market is segmented into:
By Type, the market is split into:
• Table honey
• Cooking ingredient Honey
On the basis of distribution channel, the market is segmented into:
• Hypermarkets and Supermarkets
• Convenience stores
• On line
Based on region, the market is split into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Honey Food Market Trends
Market growth prospects in the years to come will be fueled by the proliferation of developments in the honey collection process. The market is also growing due to the increasing use of honey as a food additive, such as in the production of commercial beverages like sweet alcoholic beverages, which involve the fermentation of honey during the production process. The availability of contaminated honey and the use of unsafe honey are both considered major impediments to the growth of the global honey-based foods market.
Until the end of 2023, the growth potential of the global honey food industry will be driven by the increasing number of technological advancements in honey harvesting. The number of modifications to the honey harvesting procedure created by research and development departments has increased dramatically with the aim of increasing the quantity and quality of the end products.
Natural honey has been the subject of laboratory and clinical research and not only in traditional medicine, it has also found its way into modern medicine. Honey has been shown to stop the growth of around 60 different types of bacteria, certain fungi and viruses. Additionally, several gastrointestinal, cardiovascular, inflammatory and neoplastic disorders have been treated with honey.
Main market players
Major Players in Honey Food Market Report Include:
- Capilano Honey Ltd.
- Honey Barkman, LLC
- Comvita Limited
- Pastili Limited
- Dabur India Ltd.
- Bee Maid Honey Limited
The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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