Natural Honey Market: Current Analysis and Forecast (2022-2028)

The natural honey market is expected to register a CAGR of around 7.3% over the period of 2022-2028F. Natural honey is a sweet-flavored liquid food produced by various pieces of wild bees. It is largely used as a natural sweetener and the best alternative to white sugar for health-oriented people. Increasing consumer inclination towards for healthy and natural alternatives over artificial sweeteners, high nutritional value of natural honey, application in cosmetics & skincare products, product's longer shelf-life and high affordability are majorly driving the growth of the natural honey market. For instance, in May 2021, Conscious Food has introduced new raw unprocessed Himalayan multiflora honey, a completely unfiltered and unpasteurized product that retains the immense natural benefits of honey as it travels 'from bee to the bottle', and so on. Furthermore, the natural honey market is anticipated to grow on account of the advancement in R&D and technology which has increased the usage of honey in food & beverage, and cosmetic industry. However, some of the restraints in the market including the expensive natural honey, availability of regular honey products, increased competition in the natural honey market.

Beeyond The Hive, Barkman Honey LLC, Comvita Ltd., Capilano Honey Ltd., New Zealand Honey Co., Billy Bee Honey Products, Little Bee Impex, Ambrosia Natural Products Pvt. Ltd., Hilltop Honey Ltd., Bee Natural Honey are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, the monofloral honey in natural honey category accounted for the significant share in the market"

Based on the type, the natural honey market is segmented into monofloral honey and polyfloral honey. Buckwheat, a monofloral variety, is widely popular in Russia, China, and several European economies. The demand for this product type is high due to its high nutritional value, less sweet taste, and high presence of antioxidants. Buckwheat product type also has various medicinal properties, so its demand for cough syrup production is rising rapidly

"Amongst application, the food and beverage category are expected to witness considerable CAGR during the forecast period"

Based on the application, the market is fragmented into food & beverage, personal care & cosmetic, nutraceutical, and others. The food and beverages segment holds the largest market share. The potential of honey to impart a pleasant flavor to food and beverage products, along with their easy accessibility and longer shelf life of the product is boosting market demand.

"Asia Pacific to witness significant growth during the forecast period"

Asia Pacific constitutes a major market for the natural honey industry owing to the increasing production volume of the product and consumption across region's countries having large population and increased per capita income are factors to drive the regional market. The Manuka honey is majorly exported from New Zealand which has unique properties and preferred by the premium consumers.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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