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Global Honey Food Market 2017-2021

  • Published: Mar 2017
  • Pages: 70
  • SKU: IRTNTR12254
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This market research study identifies Barkman Honey, Bee Maid Honey, Beeyond the Hive, Capilano Honey, and Comvita as the leading players in the global honey food market. A comprehensive analysis of this market is also presented by the product (table honey and cooking ingredient honey), distribution channel (hypermarkets and supermarkets, convenience stores, specialty stores, and others), and geography (the Americas, APAC, Europe, and MEA).

Overview of the global honey food market

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.

Competitive landscape and key vendors

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 -

  • Barkman Honey
  • Bee Maid Honey
  • Beeyond the Hive
  • Capilano Honey
  • Comvita

Other prominent vendors in the market include Dabur, Dalian Sangdi Honeybee, Billy Bee Honey Products, Lamex Foods, Phondaghat Pharmacy, and Hi-Tech Natural Products.

Segmentation by product and analysis of the honey food market

  • Table honey
  • Cooking ingredient honey

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.

Segmentation by distribution channel and analysis of the honey food market

  • Hypermarkets and supermarkets
  • Convenience stores
  • Specialty stores

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.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global honey food market?
  • What are the key market trends impacting the growth of the global honey food market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global honey food market?
  • What are the market opportunities and threats faced by the vendors in the global honey food market?
  • What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
  • What are the key outcomes of the five forces analysis of the global honey food market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Global health and wellness food market
  • Global honey food market
  • Five forces analysis

PART 06: Market segmentation by product

  • Global table honey market
  • Global cooking ingredient honey market

PART 07: Market segmentation by distribution channel

PART 08: Geographical segmentation

  • Honey food market in the Americas
  • Honey food market in Europe
  • Honey food market in APAC
  • Honey food market in MEA

PART 09: Key leading countries

  • US
  • Germany
  • UK
  • France
  • China

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

  • Competitive scenario
  • Barkman Honey
  • Bee Maid Honey
  • Beeyond the Hive
  • Capilano Honey
  • Comvita

Research Framework

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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