Honey Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71015
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The honey market has the potential to grow by USD 4.09 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.48%.

This honey market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (offline and online) and geography (APAC, Europe, North America, South America, and MEA). The honey market report also offers information on several market vendors, including Barkman Honey LLC, Bee Maid Honey Ltd., Beeyond The Hive LLC, Capilano Honey Ltd., Comvita Ltd., Dabur India Ltd., Dutch Gold Honey, New Zealand Honey Co., Oha Honey LP, and Patanjali Ayurved among others.

What will the Honey Market Size be in 2021?

Honey-Market-Market-Size-2020-2025

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Honey Market: Key Drivers and Trends

The health benefits associated with honey is notably driving the honey market growth, although factors such as fluctuation in prices may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the honey industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This honey market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Honey Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Barkman Honey LLC
  • Bee Maid Honey Ltd.
  • Beeyond The Hive LLC
  • Capilano Honey Ltd.
  • Comvita Ltd.
  • Dabur India Ltd.
  • Dutch Gold Honey
  • New Zealand Honey Co.
  • Oha Honey LP
  • Patanjali Ayurved

 

The vendor landscape of the honey market entails successful business strategies deployed by the vendors. The honey market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the honey market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Honey Market?

Honey-Market-Market-Share-by-Region-2020-2025

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49% of the market’s growth will originate from APAC during the forecast period. China is a key market for honey in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing demand for monofloral honey will facilitate the honey market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Distribution Channel Segments in the Honey Market?

Honey-Market-Market-Share-by-Distribution Channel-2020-2025

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The honey market share growth by the offline segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the honey market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Honey Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.48%

Market growth 2021-2025

$ 4.09 billion

Market structure

Fragmented

YoY growth (%)

7.80

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 49%

Key consumer countries

China, US, Germany, France, and Argentina

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Barkman Honey LLC, Bee Maid Honey Ltd., Beeyond The Hive LLC, Capilano Honey Ltd., Comvita Ltd., Dabur India Ltd., Dutch Gold Honey, New Zealand Honey Co., Oha Honey LP, and Patanjali Ayurved

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Honey Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive honey market growth during the next five years
  • Precise estimation of the honey market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the honey market across APAC, Europe, North America, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of honey market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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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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