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The latest report by IMARC Group, titled “Honey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global honey market is expected to exhibit a CAGR of 5.55% during 2022-2027. Honey is a sweet, viscous, dark golden-colored liquid that is obtained from the beehives. Bees produce honey using regurgitation and enzymatic activity of the nectar that churns out sugary secretions of plants and flowers. It contains high levels of monosaccharides, fructose and glucose, which provide sweetness. Honey can be stored for a long time due to its unique chemical composition and antiseptic and antimicrobial properties. It is also known to promote debridement and speed up the healing process by stimulating wound tissues.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Honey Market Trends:
The global honey market is primarily driven by the increasing demand for nutritious food products. Honey consists of various essential nutrients, including vitamins, minerals, antioxidants, and calcium, due to which it is used in both food and non-food applications. Apart from this, the growing awareness regarding the health benefits associated with the consumption of honey, such as improving metabolic activity, maintaining blood pressure levels, reducing the risk of diabetes, and healing burn wounds, is also contributing to the market growth. Furthermore, honey finds a wide variety of applications in the food and beverage, cosmetics, and pharmaceutical industries. It is also utilized as a replacement for sugar and artificial sweeteners and in the production of fermented beverages, wine and alcoholic drinks. Moreover, with the extensive research and development (R&D) activities, market players have introduced a variety of honey flavors like tulsi, ajwain, eucalyptus and jamun.
Market Summary:
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