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Oct 22, 2019 3:34 PM ET

Honey: World Market Sales, Consumption, Demand and Forecast 2019 – 2023

Honey: World Market Sales, Consumption, Demand and Forecast 2019 – 2023

iCrowd Newswire - Oct 22, 2019

WiseGuyReports.Com Publish a New Market Research Report On –“ Honey: World Market Sales, Consumption, Demand and Forecast 2019 – 2023”.

Honey Market 2019

Description: –

A food substance that is most commonly made by bees is called honey. It is sweet and viscous and is stored in structures called honeycombs inside the beehives. Fructose and glucose are the two monosaccharides present in honey that contribute to the sweetness of the viscous product. It is extracted from flowers and the sugar-rich nectar is gradually converted to honey by bees who use it as a food source when the remaining sources are scarce owing to changes in weather conditions.


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Key Players

The leading players profiled in the global honey market are Dabur India Ltd. (India), Capilano Honey Ltd. (Australia), Comvita Ltd. (New Zealand), Barkman Honey Llc (U.S.), Bee Maid Honey Ltd. (Canada), Lamex Food Group Ltd. (U.S.), Billy Bee Honey Products (Canada), and Beeyond The Hive (U.S.), among others.

Based on the type of flower that honey is extracted from the taste of the honey can also vary. Honey has various healing properties and is also anti-bacterial in nature. Honey also can block the actions of diarrhea-causing pathogens. Honey is also a natural cough remedy and is used as such in different parts of the world. As honey is a form of sugar, the intake should be moderated to reduce the harmful effects of overdose to occur.

The report published on the global honey market is a comprehensive analysis of the various factors that can affect the market both positively and negatively. The scope of the study conducted has also been included in the report along with an estimation of the market size. An analysis of Porter’s five forces that includes the bargaining power of both the supplier and the buyer has been comprehensively performed and presented in the report. Various challenges that face the industry are also discussed.

Market Segmentation

The global honey market can be split into different market segments based on the different types of honey, the different applications it can be used for and the different packaging methods that are used for honey.

Market split based on type: The different types of honey produced are categorized into:

Market split based on application: According to the different applications that honey can be used for they are differentiated into:

Market split based on packaging methods: Depending on the packing methods used, they are categorized into:

Regional Analysis

The global honey market is segmented into different regions around the world that include Asia-pacific, North America, Europe and the Rest of the World. Asia-Pacific was the leading producer during the study period and is expected to retain this dominance during the forecast period as well. This is mainly due to the increasing consumption of honey and the rise in the production volume. The market share of the Asia-Pacific region in terms of the volume is expected to reach 1162.8 kilotonnes by the end of 2023. The forecast for the various other countries around the world is similarly favorable and can be expected to grow at an annual growth rate of 7.31% from the year 2017 to the year 2023.

Industry News

Honey Bee, the health food business recently turned 30 and was voted the best health food store in Brown County. The store focuses on sickness prevention and contains a lot of products. The products marketed by the store include health and wellness items, hair products, and different facial treatments along with a range of products that can rejuvenate and detoxify the skin.

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Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Contact Information:

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Norah Trent

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