Sales of Honey is Expected to Exceed US$ 15.2 Bn During Forecast Period 2021-2031

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Honey. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Honey Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Honey market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Honey

This newly published and insightful report sheds light on Market Insights of Honey, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Honey Market.

Existing predictions of honey market, encompassing current as well as forthcoming likely values estimates, analysis on region-wise demand trends and price index have been assimilated in the report.

Market estimates at regional and global scale for honey is available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent honey market segments, along with the market attractiveness valuation computes has been incorporated in the report. Metrics mentioned above are also followed based on honey applications where honey witnesses a steady demand.

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Key Segments Covered

Nature
Organic Honey
Conventional Honey

Product
Clear Honey
Varietal Honey
Manuka Honey
Sourwood Honey
Buckwheat Honey
Rosemary Honey
Dandelion Honey
Eucalyptus Honey
Other Honey

Packaging
Honey in Glass Jars
Honey in Plastic Containers
Honey in Bulk Packaging

Sales Channel
Honey Sales via Business to Business Channels
Honey Sales via Food & Beverage Channels
Honey Sales via Cosmetics & Personal Care

Channels
Honey Sales via Pharmaceutical Channels
Honey Sales via Business to Consumer Channels
Honey Sales via Modern Trade Channels
Honey Sales via Convenience Stores
Honey Sales via Online Retailers
Honey Sales via Other Channels

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Competitive Landscape
Valeo Foods Group is a prominent market player and covers prominent share in the market 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 acquired Tangerine Confectionary to support its confectionary business division.

Uren Food Group Ltd. is a one of the prominent market players focusing on providing various types honey and honey products. Uren’s Mono-floral honey comes with distinctive flavours and other qualities such as smell colour and, texture.

Key Takeaways from the Market Study

Global honey market expected to surge 1.6x by 2031 compared to 2021

By sales channel, food & beverage to emerge dominant, capturing 70% of global demand
Sales of organic honey to surge, yielding US$ 150 Mn by 2022-end

U.S to be a lucrative market, expanding at a CAGR of 6% through 2031

Europe to be the largest market, capturing 1/3rd of global market revenue

3 out of 10 honey sales to happen across Asia, with China topping other countries

Middle East & Africa to account for 20% of global honey sales from 2021-2031

 “Increasing consumption due to its medicinal properties and various flavours of honey are increasing the demand for honey and honey based products, providing immense expansion opportunities for key manufacturers,” opines a Fact.MR analyst.

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Key Question answered in the survey of Honey market report:

Sales and Demand of Honey
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More Valuable Insights on Honey Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Honey, Sales and Demand of Honey, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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