Honey Market Company Profile, Key Trend Analysis & Forecast, 2020–2027Posted by Supriya Kokate on September 8th, 2021 The global honey market held a staggering market valuation of USD 9.23 billion in 2020 and is expected to register a robust CAGR of 8.5% over the projected period. The rising consumer focus on health & nutrition, growing preferences for low-calorie and low-fat foods & beverages, and the escalating demand for honey worldwide for its effectiveness against cough and cold, immunity-boosting capability, lower GI value than sugar, are the factors indispensable for the global honey market growth. Honey contains essential nutrients and minerals, including iron, calcium, magnesium, and potassium and comprises monosaccharides like fructose (40%) and glucose (30%). Although honey is high in fructose, it has a relatively lower glycemic index (GI) value than sugar, which makes it a healthier and more wholesome sugar substitute for diabetic people. To get a sample copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/3823 Honey is considered a natural sweetener and is widely used in the food & beverage industry for a variety of foods like bakery items and confectionery and sweet beverages. It is high in antioxidants and bioactive plant compounds, and moreover, it helps lower cholesterol and blood pressure levels, reduces the risks of heart attack and stroke, and has strong wound-healing and anti-bacterial properties. Hence, such health benefits associated with honey make it highly suitable for use in the food & beverage, pharmaceutical, and cosmetic & personal care industries. However, the surging prevalence of obesity and diabetes is a significant parameter expected to restrict the growth of the global honey market. A rise in adulteration practices in the commercial manufacture of honey and various health hazards associated with the consumption of toxic or impure honey are the other key factors hampering the global market growth. Competitive Outlook: Under this section, the Honey industry analysis report closely investigates the competitive landscape, particularly focusing on the key strategic initiatives such as collaborations, partnerships, mergers & acquisitions, new product launches, and agreements undertaken by the leading market players. The top companies profiled in the report are: Beeyond the Hive, Dabur India Ltd., Bee Maid Honey, Barkman Honey LLC, Streamland Biological Technology, Capilano Honey Ltd., Dutch Gold Honey Inc., and New Zealand Honey Co. For the purpose of this report, the global honey market has been segmented on the basis of type, application, packaging, distribution channel, and region: By Type (Revenue, USD Billion; 2018-2028)
By Application (Revenue, USD Billion; 2018-2028)
By Packaging (Revenue, USD Billion; 2018-2028)
By Distribution Channel (Revenue, USD Billion; 2018-2028)
By Region (Revenue, USD Billion; 2018-2028)
Key Highlights of the Report:
Global Honey Market Overview: The FMCG market is expected to gain significant traction over the forecast period, principally owing to the expanding population worldwide, fast-paced globalization, rapid urbanization, and shifting consumer preferences. Over recent years, the global market has observed rising health-consciousness among the population and growing consumer inclination towards healthier food choices. Increasing demand for natural and organic food ingredients and products, surging use of environmentally sustainable consumer goods, and rising income levels of consumers, especially in developed countries, are several other factors accountable for the robust growth of the FMCG market. Key Coverage of the Report:
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