Outlook on the Honey Global Market to 2026 - Key Drivers and Restraints
DUBLIN, April 29, 2021 /PRNewswire/ -- The "Global Honey Market By Application (Food & Beverages, Personal Care & Cosmetics and Pharmaceutical), By Distribution Channel (Online, Supermarket/Hypermarket and Convenience Stores), By Regional Outlook, Industry Analysis Report and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Honey Market size is expected to reach $14.2 billion by 2026, rising at a market growth of 11.6% CAGR during the forecast period. Honey is a semi-liquid sweet substance produced by honeybees and other small insects. Bees make honey from the nectar, which they extracted from flowers or plants that is stored in their honeycomb, however other insects make it by enzymatic and regurgitation activity. Honey has a distinct composition & chemical property that helps in storing them for long-term. The antimicrobial properties & encouraging debridement feature of honey contribute in the major consumption of honey. Moreover, honey helps in accelerating the healing process of wounds by recovering wounded tissues.
Honey is widely utilized in processed foods, jellies, beverages, and jams. Due to its various health benefits & chemical properties, it is also used in the healthcare and beauty industry. Many studies have found that honey can help in decreasing risk factors for heart diseases such as blood pressure & cholesterol, it also helps in healing wound and throat infections. Owing to the various health benefits offered by honey, the demand for honey is increasing among the health conscious population, which will contribute in the rising growth rate of the market during the forecast years. The top producers of honey are Turkey and China whereas; Germany and Japan are among the major importers of honey.
Application Outlook
Based on Application, the market is segmented into Food & Beverages, Personal Care & Cosmetics and Pharmaceutical. By Application, food & beverages segment has emerged as the largest application segment in 2019 and is estimated to acquire the largest revenue share in the market, owing to the broad range of utilization of honey in non-alcoholic beverages, bakery products, and as a flavor in alcoholic beverages. Though, adulteration in products is one of the significant issues in the global honey market.
Distribution Channel Outlook
Based on Distribution Channel, the market is segmented into Online, Supermarket/Hypermarket and Convenience Stores. The online channel market segment is expected to procure the fastest growth rate in the forecast years, owing to the rising popularity of e-commerce platforms because of the high degree of convenience. Additionally, these sites offer doorstep deliveries of a broad variety of products at discounts. These advantages are fueling the growth of this segment.
Regional Outlook
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Based on region, Europe is among the largest market in 2019. According to the European Commission's statistics 2020, Europe is a self-sufficient region as 60% of the honey consumed in Europe is produced there only. Moreover, key players in this region are investing significantly in maintaining the manufacturing of products and supply chains.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dabur India Ltd., Beeyond the Hive LLC, Patanjali Ayurved Limited, Capilano Honey Ltd., Barkman Honey, LLC, Bee Maid Honey Ltd., Dutch Gold Honey, Inc., New Zealand Honey Co. (Comvita), HoneyLab Ltd., and Rowse Honey Ltd. (Valeo foods U.K. Limited)
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Honey Market, by Application
1.4.2 Global Honey Market, by Distribution Channel
1.4.3 Global Honey Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Honey Market by Application
3.1 Global Food & Beverages Market by Region
3.2 Global Personal Care & Cosmetics Market by Region
3.3 Global Pharmaceutical Market by Region
Chapter 4. Global Honey Market by Distribution Channel
4.1 Global Online Honey Market by Region
4.2 Global Supermarket/Hypermarket Market by Region
4.3 Global Convenience Stores Market by Region
Chapter 5. Global Honey Market by Region
5.1 North America Honey Market
5.2 Europe Honey Market
5.3 Asia Pacific Honey Market
5.4 LAMEA Honey Market
Chapter 6. Company Profiles
6.1 Dabur India Ltd.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments
6.1.5.1 Geographical Expansions
6.1.5.2 Product Launches and Product Expansions
6.2 Beeyond the Hive LLC
6.2.1 Company Overview
6.3 Patanjali Ayurved Limited
6.3.1 Company Overview
6.4 Capilano Honey Ltd.
6.4.1 Company Overview
6.4.2 Recent strategies and developments
6.4.2.1 Product Launches and Product Expansions
6.5 Barkman Honey, LLC
6.5.1 Company Overview
6.6 Bee Maid Honey Ltd.
6.6.1 Company Overview
6.7 Dutch Gold Honey, Inc.
6.7.1 Company Overview
6.8 New Zealand Honey Co. (Comvita)
6.8.1 Company Overview
6.8.2 Recent strategies and developments
6.8.2.1 Product Launches and Product Expansions
6.8.2.2 Acquisition and Mergers
6.9 HoneyLab Ltd.
6.9.1 Company Overview
6.9.2 Recent strategies and developments
6.9.2.1 Partnerships, Collaborations, and Agreements
6.10. Rowse Honey Ltd. (Valeo foods U.K. Limited)
6.10.1 Company Overview
6.10.2 Recent strategies and developments
6.10.2.1 Product Launches and Product Expansions
For more information about this report visit https://www.researchandmarkets.com/r/dwl8pd
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