Enjoy complimentary customisation on priority with our Enterprise License!
The pine honey market share is expected to increase by USD 56.89 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.61%.
This pine 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 the pine honey market segmentation by product (conventional pine honey and organic pine honey) and geography (the Middle East and Africa, Europe, North America, APAC, and South America). The pine honey market report also offers information on several market vendors, including Barkman Honey LLC, Bee Maid Honey Ltd., Beeyond The Hive LLC, Buram GmbH, Capilano Honey Ltd., Comvita Ltd., Dabur India Ltd., Formaggio Kitchen, Golden Acres Honey Products Ltd., Greka Icons SA, Hic Olive Oil Store, Iliaki Melissokomia, Little Bee Impex, McCormick and Co. Inc., Nirra Co., Oliveology Ltd., Queenscent Honey Products, Si Mel Savidakis and Co., Smari Honey, and The Hellenic Deli among others.
Download Report Sample to Unlock the Pine Honey Market Size for the Forecast Period and Other Important Statistics
The growth in organized retailing globally is notably driving the pine honey market growth, although factors such as stringent regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the pine honey industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Pine Honey Market Driver
Growth in organized retailing globally is one of the major drivers impacting the pine honey market growth. The growth in organized retailing globally is another factor that will influence the growth of the global pine honey market during the forecast period. Organized retailing has grown globally with the establishment of supermarkets, hypermarkets, and specialty stores. The number of supermarkets across the globe is increasing. Urbanization in India is expected to increase during the forecast period. It is estimated that by 2035, India would constitute around 675 million of the urban population, which would present a great opportunity for market players to tap into the country's immense potential. Furthermore, the demand for confectionery products is expected to increase in India during the forecast period, and this will augment the growth of the market in the country during the forecast period. Thus, the growth in organized retailing is expected to drive the growth of the global pine honey market during the forecast period.
Key Pine Honey Market Trend
Increasing awareness about gluten-free food products is one of the major trends impacting the pine honey market growth. The increasing awareness about gluten and celiac disease among consumers has increased the demand for non-gluten or gluten-free products. Pine honey is naturally gluten-free, which is fueling its demand among consumers. This can positively influence the growth of the market during the forecast period. Gluten is a type of protein found in grains such as wheat, rye, barley, and spelt. The consumption of gluten can cause problems among people with intolerance to gluten. If left undiagnosed, this can lead to celiac disease, a severe form of gluten intolerance. Nearly 1% of the UK population has celiac disease. It is estimated that nearly three million people in the US develop celiac disease. Currently, there is no cure for this disease, and the only way one can avoid it is to switch to a gluten-free diet. Hence, customers are avoiding food products that contain gluten. Thus, the increased preference for gluten-free food products is expected to support the growth of the global pine honey market during the forecast period.
Key Pine Honey Market Challenge
Stringent regulations is one of the major challenges impeding the pine honey market growth. One of the challenges that can impede the growth of the global pine honey market is the stringent regulations imposed by various government agencies in different countries. The players in the market are required to comply with the stringent regulations and guidelines issued by various government bodies. There are various government bodies in different countries that lay out the standards to be followed by food and beverage manufacturers, including pine honey products manufacturers. In the US, the manufacturers of food products must follow the guidelines set by the FDA. In the European Union (EU) member countries, manufacturers are required to comply with the rules and regulations set by the European Food Safety Authority (EFSA). In India, the FSSAI lays out the parameters for the certification of food products and is responsible for protecting and promoting public health through the regulation and supervision of food safety. The regulations laid out by these agencies can hamper the growth of the global pine honey market during the forecast period.
This pine 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 2022-2026.
Technavio categorizes the global pine honey market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the pine honey market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the pine honey market encompasses successful business strategies deployed by the key vendors. The pine honey market is fragmented and the vendors are deploying 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.
The pine honey market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the pine honey market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
79% of the market’s growth will originate from the Middle East and Africa during the forecast period. South Africa is the key market for pine honey market in the Middle East and Africa. Market growth in this region will be faster than the growth of the market in other regions.
The increasing production of pine honey in the region will facilitate the pine honey market growth in the Middle East and Africa over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the region witnessed an increase in the number of COVID-19 cases due to the outbreak of COVID-19. This led to the imposition of COVID-19-related restrictions such as lockdowns, which resulted in the shutdown of retail stores that supply pine honey products across the UAE, South Africa, and Saudi Arabia. This negatively impacted the demand for pine honey products in the region.
To gain further insights on the market contribution of various segments Request a PDF Sample
The pine honey market share growth in the conventional pine honey segment will be significant during the forecast period. Conventional pine honey was the largest segment of the global pine honey market by revenue in 2018. The low price of conventional pine honey products as compared to organic pine honey products is one of the main factors that will support the growth of the segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the pine honey market size and actionable market insights on post COVID-19 impact on each segment.
Pine Honey Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.61% |
Market growth 2022-2026 |
$ 56.89 million |
Market structure |
Fragmented |
YoY growth (%) |
4.0 |
Regional analysis |
Middle East and Africa, Europe, North America, APAC, and South America |
Performing market contribution |
Middle East and Africa at 79% |
Key consumer countries |
US, Turkey, South Africa, Ethiopia, and Spain |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Barkman Honey LLC, Bee Maid Honey Ltd., Beeyond The Hive LLC, Buram GmbH, Capilano Honey Ltd., Comvita Ltd., Dabur India Ltd., Formaggio Kitchen, Golden Acres Honey Products Ltd., Greka Icons SA, Hic Olive Oil Store, Iliaki Melissokomia, Little Bee Impex, McCormick and Co. Inc., Nirra Co., Oliveology Ltd., Queenscent Honey Products, Si Mel Savidakis and Co., Smari Honey, and The Hellenic Deli |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.