The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Honey. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Honey Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Honey market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Honey
This newly published and insightful report sheds light on Market Insights of Honey, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Honey Market.
Existing predictions of honey market, encompassing current as well as forthcoming likely values estimates, analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at regional and global scale for honey is available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent honey market segments, along with the market attractiveness valuation computes has been incorporated in the report. Metrics mentioned above are also followed based on honey applications where honey witnesses a steady demand.
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Honey Market: Segmentation
FactMR’s study has done the segmentation of honey market on the basis of nature, product, packaging format and sales channel
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Key Takeaways from the Market Study
- Global honey market expected to surge 1.6x by 2031 compared to 2021
- By sales channel, food & beverage to emerge dominant, capturing 70% of global demand
- Sales of organic honey to surge, yielding US$ 150 Mn by 2022-end
- U.S to be a lucrative market, expanding at a CAGR of 6% through 2031
- Europe to be the largest market, capturing 1/3rd of global market revenue
- 3 out of 10 honey sales to happen across Asia, with China topping other countries
- Middle East & Africa to account for 20% of global honey sales from 2021-2031
“Increasing consumption due to its medicinal properties and various flavours of honey are increasing the demand for honey and honey based products, providing immense expansion opportunities for key manufacturers,” opines a Fact.MR analyst.
Competitive Landscape
Key players manufacturing honey are Valeo Foods Group, Uren Food Group, Miller Honey Company, Beechworth Honey Pvt Ltd, QQR Paynes Bee Farm, Beyond the Hive, Oha Honey LP, Barkman Honey LLC, Dabur India Ltd, Streamland Biological Technology Ltd, Bee Maid Honey and Capilano Honey among others.
- Beechworth Honey Pty Ltd company develops and offers numerous honey products such as Bee warm almond honey, bee fruity scented ash honey, bee fruity blackberry honey, honey chocolate and hazelnut, honey for cheese, and honey ginger soda among others.
- In January 2021, Valeo Foods Group acquired Schluckwerder Holding GmbH, the leading specialist producer of confectionary products, taking its revenue total up to € 1.2 million. Furthermore, this will enable the company to deploy more honey-based confectionary products.
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Key Question answered in the survey of Honey market report:
- Sales and Demand of Honey
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- Market Analysis of Honey
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- Key Drivers Impacting the Honey market
- Which are the Key drivers impacted by Honey market
- Restraints Shaping Market Growth
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More Valuable Insights on Honey Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Honey, Sales and Demand of Honey, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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