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Honey : Huge Growth Opportunity by Trend, Key Players and Forecast 2029

Honey at a glance

The global Honey research is a result of a comprehensive primary and secondary research performed by the analysts to extract the nitty-gritty of the Honey . Various service providers, implementation vendors and research in different departments of all gamut of companies were approached to provide a clear-cut picture of the structure. Further, DROT analysis and Porter’s Five Forces analysis are used to offer the factors impacting the growth of the Honey .

The global Honey is estimated to reach ~US$ xx Mn/Bn in 2019. With a CAGR of xx% throughout the historic period 2014-2019, the Honey is expected to grow at healthy CAGR of xx% over the foreseeable timeframe 2019 to 2029. In this research study, 2018 is considered as the base year.

The Honey research provides vital insights to the readers:
• Collaborations, R&D projects, acquisitions, and product launches of each Honey player
• Historical and current year revenue of related Honey players analyzed at geographical level
• Factors (Positive and Negative) affecting the growth of the global Honey
• Analysis of supply-demand ratio in each end use industry
• Segmentation of the Honey to highlight the growth prospects and trends impacting these segments

And so on …

The Honey research gets rid of the following queries:

What are the factors hindering the growth of the global Honey ?
• How are the emerging Honey players competing with the leading stakeholders?
• What is the present and future prospect of the global Honey by product?
• Why is the adoption of Honey highest in end use industry?
• How many units of Honey are estimated to be sold in 2019?
The Honey study presents a compilation of share, demand analysis, and future outlook associated with each segment as well as sub-segment. The key segments include, product type, end use, region, and relevant competitors.

prominent players in the honey will hold a small share as the is driven by the unorganized players. The across the all geographies is fragmented and captured by local and domestic manufacturers.

Honey is likely to witness worthwhile opportunities across the globe on the backdrop of the growing number of nutritive food applications and healthy food processing industries. Moreover, the rising usage of natural sweeteners in the organic confectionary and bakery products is expected to leave an optimistic impression on the honey . The versatile and diverse flavor profile of honey is allowing it to make headway in confectionery where it is being used in flavored candies and chocolates.

A FactMR study predicts honey to grow at a positive CAGR of 5.1% during the forecast period (2019 – 2029). Honey continues to witness augmented demand for healthy food applications across the globe.

honey

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Healthcare and Medicinal Trends Shaping the Honey

With the sedentary and hectic lifestyle of consumers across the world becoming ubiquitous, the concerns of consumers regarding their health is increasing. Hectic lifestyles have taken time away from exercise, thus compelling consumers to opt for low sugar food items.

The belief that every organic and natural food is good and safe for health is prominently influencing the thought process of consumers across the world. Increasing awareness about different types of honey and health benefits of honey are causing an increase in demand for honey among health-conscious consumer base across the globe. Nutritious and medicinal characteristics of honey help in alleviating stress, and help in recovery from various health-issues like sleep disturbances, sore throat, cough cold, and diarrhea etc. Increasing awareness about these facts among the majority of consumers in the world is expected to boost the demand for honey in the global .

During research, scientists have found that honey can decrease the upward flow of undigested food and stomach acids with the help of stomach lining and esophagus. The scientists have proven that honey can reduce the risk of gastrointestinal reflux disease (GERD).

Futuristic Flavors and Innovative Processes Help Manufacturers Retain their Competitive Edge

With the increasing demand for honey owing to its health benefits, manufacturers are making efforts to improve the efficiency of the production processes. Global leaders are investing in R&D activities to develop advanced technologies to maintain beehives and produce honey with even better quality and purity.

With the motive of benefitting from the numerous lucrative opportunities, number of new entrants in the global is increasing rapidly. Leading players are developing a diverse range of research-driven honey and honey products in order to maintain a competitive edge in different regions.

In 2018, United States production of honey rose by 2% as the bee keeping rose by 4%, however the yield of the honey has risen 2% by volume as compared to 2017. For the production escalation, manufacturers are increasing the number of bee colonies in the facility along with bee hives.

The Omani beekeepers use a traditional honey producing process where the beehives are put in the trunk of a palm tree which creates a unique flavored honey. This is spurring the demand for Omani palm tree honey in the Middle Eastern . In Africa, local farmers in the region are encouraged to maintain pesticide-free orchards, and ultimately promise the authenticity of honey products produced in the African honey . Manufacturers can benefit by smartly investing in Africa for the production of organic honey which has a huge demand across the globe.

Product Launches and Acquisitions Remain Top Strategies of Key Players

The onset of healthy diets has also extensively impacted the consumption of sugar products as consumers prefer low carb sugar products. Significant traction of this trend has immensely impacted the low sugar natural sweeteners, thus propelling the growth of honey . These growing trends in the honey are leading to the development of honey varieties and honey based products in the .

Valeo Foods Group is a prominent player and covers prominent share in the with the wide range of honey and honey based products.  The company has produced more than 26,000 Metric Tons of honey each year. In 2018, the company has acquired Tangerine Confectionary to support its confectionary business division.

Uren Food Group Ltd. is a one of the prominent players focusing on providing various types honey and honey products. Uren’s Mono-floral honey comes with distinctive flavors and other qualities such as smell color and, texture. The flavor of Mono-floral honey includes Orange Blossom, Eucalyptus, Lavender, and Acacia. The Gale’s brand is specially recognized for providing honey products. The company sells Gale’s honey mainly in the 300g jars to capture the retail in the Europe region.

Miller Honey Company sells its products through various local retail stores and even through online retail channels to reach last mile customers in the region. The local retail stores include Echo Valley Ranch, Newcastle Produce, and Placer Farm Supply.

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.

Few of the companies are developing a range of packaging solutions to attract consumers such as Paynes Bee Farm Ltd.  It provides their produces in various forms to suit consumer needs. The company offers their products in versatile packaging types such as squeeze bottles for the ease of consumers. The company offers honey of various types, including English honey, Organic honey, and Manuka honey. The company s their products with a batch of pure and natural raw honey.

Honey – Regional developments in the

With the motive of benefitting from the numerous lucrative opportunities, number of new entrants in the global is increasing rapidly. Leading players are developing a diverse range of research-driven honey and honey products in order to maintain a competitive edge in different regions.

There are number of lucrative regions for the demand of honey where the demand is surging day by day. The per capita honey consumption in North American countries has increased in the recent past, which is also reflected in the increased honey import in the region. In North America, the honey manufacturers must comply with certification requirements such as Agricultural ing Service by USDA (United States Department of Agriculture) for the importers of honey, effective from March 2019. They also need to avoid honey extraction directly from bee hives, and restrict use of synthetic or non-synthetic substances in the honey production. Beverage industry is anticipated to witness significant growth in North America, especially in the natural drinks & beverages category. This is likely to increase the demand for honey in the region. The honey manufacturers in North America receive certification from the United States Department of Agriculture (USDA) to produce and label their honey products in the region.

honey  incremental opportunity

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The Latin American honey is primarily driven by the implementation of public-private partnerships in the beekeeping businesses in various countries of the region. For example, in Argentina, National Agricultural Research Institute (INTA) has established an association with other public entities in the beekeeping sector, which received an award for the most innovative public-private partnership in the Latin American and the Caribbean region during January 2017, by the Regional Fund for Agricultural Technology (FONTAGRO).

Europeans’ concerns for natural and organic food products have led several manufacturers to realign their ingredient procurement and processing methods. A considerable number of European consumers prefer to purchase honey labeled as “natural” and “organic”. Consumers’ demand and manufacturers’ response towards them is reflected in the increased shelf space for “natural” and “organic” labeled food products, including honey. European government spends more than US$ 110 Million for the promotion of honey, including campaigns for awareness about European quality schemes for honey.

East Asia is a leading region in the consumption of the region due to increased per capita consumption of honey in the China. In the recent past, China has emerged as one of the key countries actively focusing on growing its beekeeping industry with an objective of the growing domestic demand as well as expanding its honey export footprint. Besides, the use of honey in food and beverage applications, China uses them significantly in modern medicines. For instance, honey reduces the free oxygen radicals which in turn increases immunity and reduces the risk of cardiovascular diseases. Natural honey also has flavonoids which along with phenolic acids work together to provide antioxidant effects in the body.

Innovations incorporated in the beekeeping technology and honey production methods used by the manufacturers in the region are making an impact on the growth of South Asia honey . National Bee Board has been working in India for the development of new initiatives to encourage new apiarists in the industry. The proposals, for subsidies for women groups to purchase bee hives and equipment from 40% to 50% has been in the process. The arrangements for training and education have been developed to further the cause of women empowerment. The initiatives will help increase overall production of honey in the South Asian .

The Australian Honey Bee Industry Council has been actively working to develop sustainable economy for bee keeping and related ventures. The learning programs have been launched for proper education of the budding apiarist and workshops for providing information from new research and trends for established apiarists have been carried out. The work carried out by the associations will be a vital factor affecting the future of the Australian honey .

Famous for its thickness consistency, sweet taste, and medicinal properties, honey produced in some of the Middle Eastern countries as well as some African countries is considered to be of the best quality. Middle Eastern countries, especially Turkey, Lebanon, and Yemen, are leading the honey in the MEA region with consistently increasing production and demands for honey, over the past few years.

Request research methodology of this Report.

Highlights of the Honey Study: 

  • A complete backdrop analysis, which includes an assessment of the parent
  • Important changes in  dynamics
  •  segmentation up to the second or third level
  • Historical, current, and projected size of the  from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  •  shares and strategies of key players
  • Emerging niche segments and regional s
  • An objective assessment of the trajectory of the
  • Recommendations to companies for strengthening their foothold in the  

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