Global Organic Honey Market to witness a surge in its valuation with a CAGR by 2027
Published | 01 October 2020
According
to BlueWeave Consulting, Global Organic Honey Market is estimated to be USD by
2027 from USD in 2017, at a CAGR of from 2021 to 2027. Organic honey is made
from a bee farm that trails organic livestock standards. An organic honey
producer uses no unusual pesticides, bioengineered genes, or other synthetic
products to produce or store the honey. Shifting consumer likings towards a
healthy, nutritious, and natural substitute for sugar and an artificial
sweetener is predicted to be a significant driver. Furthermore, the product is
predictable to gain traction as it delivers excellent antioxidant,
anti-inflammatory, antibacterial, and antimicrobial properties. The global
organic honey market will continue to be affected by the rise in geriatric
people, which significantly demands nutritional benefits. Besides, applying
principles to produce organic honey will further spur its demand by eco- and
health-conscious consumers.
Growing
demand for honey has catalyzed the manufacture of nectar on business grounds.
Horticulture is raking in more significant capital to expand commercial farming
of beehives and honey production through naturally obtained nectar. The
inclusion of honey bottles in top customers' retail goods such as sauces,
mustards, and other seasoning flavors has surged business chances for honey
products makers. The global honey market continues to gain traction due to
modern honey use in food & beverages and the health industry, expecting an
ascending development in the future. Advancements in food-making technology will
further increase the use of honey, prompting a noteworthy rise in business
chances for honey product manufacturers.
“Offline
channel has a major share in the sales channel Segment”
The
organic honey market is divided into wholesaler/distributor, modern trade,
convenience stores, online sales, and others because of the sales channel. The
primary organic honey market growth came from the offline distribution channel
segment. Convenience stores and wholesalers/distributors are the two major
offline channels for organic products' sales, which helps consumers select from
a wide variety of organic honey flavors. The easy availability, prolonged hours
of operations, and accessibility to various outlets having a broad merchandise
mix will increase organic honey requests.
Growth
Drivers
Rising
Import of Natural Honey will surge the Key Market Trend
There
is wide use of organic honey as an active constituent in cosmetics and food and
beverages, personal care products, and pharmaceuticals industries. There is also
a rise in the number of product unveilings in different flavors, types, and
packs. Such reasons, coupled with the rising consumer awareness about the
various health benefits of using organic honey, will increase honey imports.
The US, Germany, France, Japan, the UK, Italy, and Belgium are critical honey
importing countries. The rising implications of natural honey are essential
organic honey market drifts that will affect the market landscape.
Increase
in the demand for Organic products
Since
the world is going crazy over biological food, anything organic is receiving
extraordinary attention throughout the globe. In a world where people are
highly worried about their health and lifestyle, the demand for organic items
such as organic honey is strong across all regions. An increase in the number
of bee yards that are making organic honey and rising interest among remaining
beekeepers is likely to strengthen the market's growth in the coming years.
Restraint
There
is always a doubt about organic honey's organic level since the organic honey
may be sterilized or heated to temperatures hot enough to kill the bacteria.
When done following USDA principles, this process has no outcome on the natural
state of the product. Apart from this, a weak standardization level with
organic honey, the existence of alternatives, and high cost are numerous other
factors that may hinder the development of the organic honey market in the
coming years.
“Asia-Pacific
is predictable to see the maximum growth rate the Global Organic Honey Market”
Europe
was the primary market for organic honey in 2019, and the region will offer
several growth chances to market vendors during the prediction period. There is
a rising preference among consumers for healthy and convenient packaged food,
including organic honey. This will raise the sales of the product through both
offline and online distribution channels.
Asia-Pacific
controls the organic honey market in the forecast period of 2021 to 2027 due to
the growing demand for organic products and increasing organic honey
consumption in the region.
Global
Organic Honey Market: Competitive Landscape
Some
of the leading players operating in the Global Organic Honey Market are Dabur
India Ltd., Capilano Honey Ltd., Comvita Ltd., Barkman Honey Llc, Bee Maid
Honey Ltd., Rowse Honey, Lamex Food Group Ltd., Billy Bee Honey Products, Dutch
Gold, Nature Nate’s, Langnese, Little Bee Impex, GloryBee, Heavenly Organics,
Manuka Health, Sue Bee and Beeyond The Hive and other prominent players.
Do
not miss the business opportunity of the Global Organic Honey Market. Consult
our analysts, gain crucial insights, and facilitate your business growth.
The
in-depth analysis of the report provides the growth potential, upcoming trends,
and statistics of the Global Organic Honey Market size & forecast. The
report promises to provide state-of-the-art technology of the Global Organic
Honey Market and industry insights, which help decision-makers to make sound
strategic decisions. Furthermore, the report also analyzes the market drivers,
challenges, and competitive analysis of the market.
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