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Global honey market analysis, trends, and forecasts report 2019


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The global honey market size is expected to reach USD 14.4 billion by 2025, according to a new report., expanding at a CAGR of 8.0% over the forecast period.

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Global honey market analysis, trends, and forecasts report 2019

  1. 1. Follow Us: Global Honey Market Analysis, Trends, and Forecasts Report 2019 The global honey market size is expected to reach USD 14.4 billion by 2025, according to a new report., expanding at a CAGR of 8.0% over the forecast period. Rising awareness among health conscious consumers regarding the health benefits associated with honey as it acts as a rich source of antioxidants is expected to be key factor boosting the market growth over the forecast period. Moreover, it is the best alternative for sugar as well as artificial sweeteners and is widely used for producing organic and low calorie food and beverage goods. Food and beverages held the largest share of 71.4% in 2018 in terms of revenue as a result of rising concerns over harmful effects associated with artificial sweeteners and sugar. Moreover, the product is gaining popularity in the food and beverage industry on account of its nutritional benefits as well as its flavor. Major manufacturers are adopting marketing strategies including new product launches, expansion of the distribution channel, and mergers and acquisitions in order to gain a competitive edge in the market. For instance, in April 2019, Wales Hilltop launched three exclusive range of products in the U.K. retail market namely Organic Fairtrade Honey, Manuka Honey, and core honey. These new product launches are expected to increase the product visibility and will encourage the people to adopt all-natural and organic products rather than harmful sugar. “The global honey market size is expected to reach USD 14.4 billion by 2025, according to a new report.”
  2. 2. Follow Us: Complete Report Available @ market Asia Pacific is expected to be the fastest growing market, expanding at a revenue-based CAGR of 8.5% from 2019 to 2025. Over the past few years, the major manufacturers have been increasingly investing in product development and adopting technologies in apiculture. For instance, in January 2018, Tureky-based Alt?parmak got a funding of USD 4.98 million from the European Bank for Reconstruction and Development (EBRD) for the enhancement of innovations in apitherapy, honey production, and value chain improvement. Further key findings from the report suggest: • Demand for the online distribution channel was pegged at 410.2 kilo tons in 2018 • By application, the personal care and cosmetics segment is expected to expand at the fastest CAGR of 8.3% in terms of revenue from 2019 to 2025 • Demand in Europe is expected to reach 1.1 million tons by the end of 2025 • Honey market key players include Beeyond the Hive; Dabur India Ltd.; Patanjali Ayurved; Capilano Barkman; Oha Honey LP; Bee Maid Honey Ltd.; Streamland Biological Technology Limited; and Dutch Gold. Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.2. Market Definition 1.3. Information Procurement 1.3.1. Purchased Database 1.3.2. GVR's Internal Database 1.3.3. Secondary Sources & Third-Party Perspectives 1.3.4. Primary Research Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Chapter 3. Honey Market Variables, Trends & Scope 3.1. Market Introduction 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Sales/Retail Channel Analysis 3.3.2. Profit Margin Analysis
  3. 3. Follow Us: Request a Sample Copy of This Report @ About Radiant Insights, Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: Web: Visit Our Blog: