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Honey Market Size is Booming Worldwide At 8.0% CAGR by 2025 – Global Analysis, Share, Demand Penetration, Growth Opportunity and Regional Outlook | Million Insights

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Honey Market Size is Booming Worldwide At 8.0% CAGR by 2025 – Global Analysis, Share, Demand Penetration, Growth Opportunity and Regional Outlook | Million Insights

October 26
05:20 2020
Honey Market Size is Booming Worldwide At 8.0% CAGR by 2025 - Global Analysis, Share, Demand Penetration, Growth Opportunity and Regional Outlook | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global honey industry size worth $14.4 billion by 2025, Honey market report on is foretold to provide a robust support for market players to lay a solid foundation for their business growth. It includes a comprehensive evaluation of the market’s growth status and market risk.

The global Honey Market size is estimated to reach USD 14.4 billion, by 2025, and is projected to grow at a CAGR of 8.0% from 2019 to 2025, according to a new report by Million Insights. The increasing awareness among consumers regarding health benefits linked with the consumption of honey products is expected to boost the market growth. Moreover, the product is also used as alternative to artificial sweeteners.

The food & beverage segment dominated the market with a share of over 71.0% in the year 2018. The harmful effects of consuming sugar added products are mainly contributing the segmental growth. The increasing trend of flavors and taste in food is expected to bolster the product demand.

To download the sample PDF of Global Honey Market Report “Please” click here: https://www.millioninsights.com/industry-reports/honey-market/request-sample

 

Moreover, the key players in the market focus on acquisitions, new product development to maintain competitive advantage over it’s competitors in the overall market. For example, in 2019, Wales hilltop has introduced different range of honey products. These factors are anticipated to encourage consumer to look for organic and natural ingredient enriched products instead of sugar content foods.

Asia Pacific is expected to grow at the highest CAGR of 8.5% over the forecasted period, between 2019 and 2025.The key manufacturers in the market are spending high on apiculture technologies and new product development. For instance, in 2019, New Zealand Honey Co., has introduced new honey products in Manuka honey category. This a key factor fueling the high growth rate over the forecast period in the region.

Key players in the honey market include Beeyond the Hive; Oha Honey LP; Barkman Honey LLC.; Dabur India Ltd.; Capilano Honey Limited; and New Zealand Honey Co.

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/honey-market

   

Further key findings from the report suggest:

• In 2018, online channel demand was attributed to over 410 kilo tons in the global market.

• Based on the honey marker segmented by application, personal care & cosmetics segment is projected to grow at CAGR of 8.3% during the forecasted period.

• Europe honey market is projected to attain honey demand of 1.1 million tons by 2025.

Million Insights has segmented the global honey market based on application, distribution channel, and region:

Honey Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2025)
    • Food & Beverages
    • Personal Care & Cosmetics
    • Pharmaceutical

Honey Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2025)
    • Convenience Stores
    • Supermarket/Hypermarket
    • Online

Honey Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
       • Canada
    • Europe
       • Germany
       • U.K.
       • France
    • Asia Pacific
       • China
       • India
    • Central & South America
    • Middle East & Africa
       • Saudi Arabia

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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