Global Honey Market Will Reach USD 10,336 Million By 2025: Zion Market Research
New York, NY, April 25, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Honey Market by Type (Alfalfa Honey, Wildflower Honey, Buckwheat Honey, Acacia Honey, Clover Honey, and Others), By Application (Food & Beverage, Personal Care Products, Pharmaceuticals, and Others), and by Packaging (Bottle, Jar, Tube, Tub, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global honey market was approximately USD 7,678 million in 2018 and is expected to generate around USD 10,336 million by 2025, at a CAGR of around 4.8% between 2019 and 2025.
Honey is a natural viscous and sweet substance formed by the bees, which is extracted through the plant’s nectar. The major components of honey include water, carbohydrates, nitrogenous substances, and minerals. Honey is healthy and can be used as a substitute for sugar or other artificial sweeteners. Additionally, honey is filled with antioxidants that offer substantial benefits to the human body.
Browse through 154 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Global Honey Market Size, Share, and Trends Research 2018: Industry Analysis and Forecast, 2025”.
Growing consumer preferences for a healthy and natural alternative over artificial sweeteners and the increasing awareness about the benefits of honey are majorly driving the global honey market growth. Artificial sweeteners lead to obesity, elevated cholesterol, mineral depletion, mood swings, tooth decay, hypertension, and cardiovascular diseases. They are also responsible for causing Type 2 diabetes, metabolic syndrome, and different types of cancers and tumors. However, unlike nutrient-void processed sugar and chemical-spiked artificial sweeteners, honey has a less glycemic index (GI), which means that it does not raise the blood sugar levels quickly. However, health disorders and botulism caused due to raw honey’s intake may restrain the market growth in the upcoming years.
By type, the honey market categorized into alfalfa honey, wildflower honey, buckwheat honey, acacia honey, clover honey, and others. Based on application, the market is categorized into personal care products, food and beverage, pharmaceuticals, and others. The food and beverages segment is anticipated to dominate the global market in the future, owing to the increasing demand for honey for manufacturing food products.
Honey contains various flavonoids and phenolic acids that act as antioxidants, which helps in scavenging and eliminating the free radicals. Honey is also used in different foods and beverages as a sweetener and flavoring agent.
By packaging, the honey market is categorized into tub, jar, bottle, tube, and others. Various packaging types with different material and shapes are available in the market. As the product has a larger shelf life, it is majorly stored in glass jars and tubs, as they don’t react with honey. Bottles contributed the largest revenue in the global honey market in 2018, as bottles are widely used by the key players and broadly accepted by the end-users.
Browse the full “Honey Market by Type (Alfalfa Honey, Wildflower Honey, Buckwheat Honey, Acacia Honey, Clover Honey, and Others), By Application (Food & Beverage, Personal Care Products, Pharmaceuticals, and Others), and by Packaging (Bottle, Jar, Tube, Tub, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at www.zionmarketresearch.com/report/honey-market
By region, Asia Pacific held the largest market share in 2018 and is expected to continue its regional dominance over the forecast time period as well. This regional growth can be attributed to the rise in the production volume, increasing consumption of honey in the region, growing health concerns among the end-users as honey acts as a natural alternative to sugar.
The European region is likely to show moderate growth over the forecast time period in the global honey market, owing to the increase in honey consumption across various end-user industries, such as sauces, mustards, and seasoning flavors.
North America is a key region in the global honey market. The North American honey market is likely to show good growth over the forecast time period, owing to the various developments witnessed across the region, such as the launch of flavored honey. On the other hand, major companies are signing mergers and acquisitions that are also supporting the region’s honey market.
In Latin America and the Middle East and Africa, growing consumer preferences for healthy and natural alternatives over artificial sweeteners is boosting the growth of the honey market. Health benefits associated with honey are also gaining increased popularity among regional consumers.
Some key players operating in the global honey market are Dabur India Ltd., Capilano Honey Ltd., Comvita Ltd., Barkman Honey, Bee Maid Honey Ltd., Billy Bee Honey Products, Lamex Food Group, Caprilush International, DucCuongPhat Company, Dutch Gold Honey, Groeb Farms, Beeyond The Hive, Navrang, Nuxten Health, Rowse Honey, and Zhejiang Jiangshan Bee Enterprise.
This report segments the global honey market into:
Global Honey Market: Type Analysis
- Alfalfa Honey
- Wildflower Honey
- Buckwheat Honey
- Acacia Honey
- Clover Honey
Global Honey Market: Application Analysis
- Food and Beverage
- Personal Care Products
Global Honey Market: Packaging Analysis
Global Honey Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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