The global organic honey market will exhibit an impressive growth during the forecast period, 2017 to 2022, as projected by a recent research report of Fact.MR. Revenues from sales of organic honey across the globe are estimated to account for nearly US$ 160 Mn by 2022-end.
Demand for organic honey has witnessed a significant rise in various industries such as cosmetic, and pharmaceutical industries, owing to its versatility and popularity as an ingredient in myriad products. Organic honey constituents with medicinal properties such as hydrogen peroxide forms a fundamental part of various medicines, which enable treatment of several health disorders. Currently, most of the food products comprise honey as an antioxidant, probiotic, and fermentation & clarifying agent.
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According to the WHO, over 1 Bn people, including adults, children and infants, were obese across the globe in 2016. Changing consumption patterns of consumers has accelerated the obesity epidemic. Numerous organizations have started focusing on spreading awareness among consumers about maintaining a healthy diet. As honey acts an alternative to sugar in various food products, its demand is likely to witness a surge in the foreseeable future.
However, adulteration practices by well-established market players while producing honey labelled as “organic” had evoked concerns among consumers regarding the product’s authenticity and quality. This has been significantly impacting small honey product manufacturers, resulting into a loss of consumers’ trust, which in turn might hinder the market expansion.
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7 Key Takeaways from Fact.MR’s Report on Organic Honey Market for Forecast Period 2017-2022
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