Honey Market - Trends Forecast Till 2028

Honey Market, By Distribution Channel (Online, Supermarket/Hypermarket), By Application (Food & Beverages, Personal Care & Cosmetics) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: April, 2021

Base Year Estimate: 2020

Report ID: D-CG-HM-148

Format:  

Number of Pages: 341

Domain: Consumer Goods & Services

Honey Market – Trends Forecast Till 2028

The global Honey market is anticipated to reach USD 9.8 billion in 2021 growing at a CAGR of 8.7% during the forecasting period, 2021-2028.

Honey is a viscous fluid that is sweet in taste is produced by honey bees. Its sweet taste is due to fructose sugar present in it. It has multiple health benefits due to the antioxidants and natural chemicals in it. Honey has a long shelf life due to gluconic acid and hydrogen peroxide present in it. China is the major producer of honey. The Fermentation of honey can be prevented by storing it in sealed containers.

Due to an increased awareness amongst people about a healthy lifestyle along with the expanding demand for nutritious food and also the health benefits provided by honey are some of the factors that have supported long-term expansion for the Honey industry.

Honey Market Report

The global Honey market is segmented into Distribution Channel, Application and geography.

Distribution Channel segment is segmented into Online, Supermarket/Hypermarket

Application segment is segmented into Food & Beverages, Personal Care & Cosmetics

Geographically, the global Honey market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in the global Honey market are Companies Profiled  Beeyond the Hive, Dabur India Ltd., Patanjali Ayurved, Capilano Honey Ltd., Barkman Honey, LLC., New Zealand Honey Co., Oha Honey LP, Bee Maid Honey Ltd., Streamland Biological Technology Ltd., Dutch Gold Honey, Inc. among others.

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In addition to the market data for the Honey market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirements.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentations, conferences like Jefferies conference—to identify and collect information useful for this study of the Honey market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Honey market. Through secondary research, the market is classified and segmented as per industry trend, development, regional market, products, and technological development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Honey market.

Primary Respondent breakdown is given below:

Honey Market Primary Respondents

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Honey market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for the Honey market so as to understand the trends and the factors involved in changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 9.8 billion

Growth Rate

CAGR of 8.7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Distribution Channel, Application and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Beeyond the Hive, Dabur India Ltd. , Patanjali Ayurved, Capilano Honey Ltd., Barkman Honey, LLC., New Zealand Honey Co., Oha Honey LP, Bee Maid Honey Ltd., Streamland Biological Technology Ltd. ,Dutch Gold Honey, Inc.

Available Customization

In addition to the market data for Honey market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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