Enjoy complimentary customisation on priority with our Enterprise License!
According to Technavio’s analyst, the global honey food market is anticipated to grow at a steady rate and will post a CAGR of more than 6% during the forecast period. The growing number of innovations in the process of honey harvesting will drive the growth prospects for the global honey food market until the end of 2021. The market is witnessing a high degree of innovations in the process of honey harvesting devised by the research and development divisions to improve and increase the quantity and quality of the final product harvested. For instance, BeeInventive invented a new technology in 2015 called Flow Hive, which simplifies the process of honey harvesting. Moreover, the increasing number of software to monitor the strength and health of hives using passive infrared sensors and allowing beekeepers to track, optimize hive productivity, hive health remotely, and security will propel the global honey food market’s growth in the coming years.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the growth in the demand for honey in the Americas includes the growing awareness in terms of health benefits of honey and the increasing number of health-conscious people.
The global honey food market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Some of the major factors that affect the performance of the manufacturers in the global honey market include the changing preference of consumers, regional, national, and local economic conditions and demographic trends. According to the honey market forecast, these vendors are increasingly competing against each other based on factors such as price, quality, innovation, reputation, and distribution.
Key vendors in this market are -
Other prominent vendors in the market include Dabur, Dalian Sangdi Honeybee, Billy Bee Honey Products, Lamex Foods, Phondaghat Pharmacy, and Hi-Tech Natural Products.
Based on the honey market industry analsyis, the table honey segment accounted for the majority market shares during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market segment’s growth is the growing preference for table honey benefits as a healthier food option than jams and syrups among the health-conscious population. In addition, table honey is used as a spread on bread and other food products, as a sweetener, and as a sugar substitute such as in the European countries. This will have a positive impact on the honey market growth.
The hypermarkets and supermarkets accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. Some of the major factors responsible for the growing preference for hypermarkets and supermarkets is the availability of multiple options and varieties of honey from various brands, in-store promotions by retailers, and price comparisons. Also, the growing number of hypermarkets and supermarkets in various developing economies will boost the honey market share and size and accelerate the rate of revenue generation in the market.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences, or your device and is mostly used to make the site work as you expect it to.
The information does not usually directly identify you, but it can give you a more personalised web experience. Because we respect your right to privacy. Click on the different category headings to find out more. These cookies will be stored in your browser only with your consent. Please read our Privacy & Cookie Notice. before managing your preferences.Read more
These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. These cookies are essential in order to enable You to move around the site and use its features, such as accessing secure areas of the site. These cookies do not store any personally identifiable information.
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers like Freshdesk, Piwik whose services we have added to our pages. These cookies cannot track your browsing activity on other websites. All information these cookies collect is anonymous and is only used to improve how this website works. If you do not allow these cookies we will not know when you have visited our site and will not be able to monitor its performance.
This website uses Google Analytics, a web analytics service provided by Google, Inc. (Google). These cookies are used to calculate visitor, session, and campaign data, and to keep track of site usage for this site’s analytics report. These cookies store the behaviour of each user’s information such as your login information, what pages you visit, how long you stayed on the page, the device you were using, your time zone, what language you’re using, where you’re logging in from, and the operating system of the device you are on. Such information is necessary for a website’s digital marketing efforts, increasing the chances of campaign success by tailoring content to the target audience.