Prevalence of High Blood Pressure and High Blood sugar, Drives the Market Expansion
Day by day high blood pressure and high blood sugar patients are growing throughout the world and honey is the natural treatment for those diseases. The prevalence of hypertension among adults aged between 30 and 79 years is at 28 billion. This is due to the prescription by doctors of honey for high blood pressure and high blood sugar individuals, thus contributing to the market demand for honey. It is also used in the elimination of cholesterol within arteries. Presently, global statistics reveal that 39% of the adult population has high levels of total cholesterol. In total, high cholesterol is deemed to contribute to 2 kinds of atherosclerosis diseases leads to 6 million deaths.
Medicinal Qualities and Nutritional value of Honey Expands the Cosmetic and Pharmaceutical Industry
The demand for honey is continuously growing because of its usage in the pharmaceutical and cosmetic industry. It has a special part of the production of syrups, tablets, capsules, etc Pharmaceutical and necessary for medical treatment, as for new cosmetic products such as moisturizers, toners and creams there is a choice presented in the market. For instance, In March 2024, one of the biggest global companies specializing in premium Manuka honey products- Manuka Health had revealed 3 new lines of products, the first being skincare products. Thus, those new lines are the first ever luxury beauty and wellness brand to harmoniously include all the benefits of raw manuka honey, propolis, and royal jelly, providing their consumer with an integrated concept to improve their energy level, improve their immunity level, and to promote a healthy lifestyle.
Recent Trends in the Honey Industry:
- Growing health awareness is causing a surge in the popularity of organic and raw honey
- Protecting the well-being of bees and preserving biodiversity
- Focus on traceability across the entire honey production process
- Cosmetics, pharmaceuticals, and functional foods containing honey as an ingredient
- Honey-infused items like drinks, and beauty goods, designed to meet a wide range of consumer tastes
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The Growth of the Market is being Hindered by Beekeeping and Alternatives of Honey
The market offers a variety of alternative sweeteners, such as raw sugar, brown sugar, maple syrup, agave syrup and barley malt syrup. Therefore, the opportunity of having other options within the organic honey industry will be the limiting factor of its growth. For instance, California based start-up, MeliBio, had announced its plans to launch its first products in the United Kingdom, Switzerland and Austria in January 2024 through a deal with Fitch Food’s Slovenian partner Narayan which was signed in September for a US$10 million deal to move to 7,500 stores in Europe within four years.
New Product Launch and Government Scheme Leads to Rise in Production of Honey
National Beekeeping & Honey Mission, is a government run program which helps farm and non-farm households through developing beekeeping sector for employment and income. This is to enhance the production of honey together with other products derived from beehives and at the same time enhance agriculture and horticulture production by availing advanced technology and skills in bee farming. The objective of diversification in beekeeping involves the improved quality and quantity of honey and other high value beehive products for domestic and export markets with greater and positive impacts to the economy and the environment as well as better quality of life to the people.
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Asia Pacific and North America lead the market in honey production
In North America, 119.9 million people are affected by hypertension leads to rise in the consumption of honey. On the other hand, North America is fuelling the honey market due to its popularity as a healthier substitute for artificial sweeteners, as well as for its benefits as an energy source, immune system booster, and weight loss aid. Moreover, rise in the need for honey in beauty and medicinal products is expected to offer substantial growth prospects for the market. On the flip side, consuming honey on daily basis can improving overall health lead to various positive effects which can expand the market.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Honey Market Research Report Covers In-depth Analysis on:
- Honey market detailed segments and segment-wise market breakdown
- Honey market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in honey industry)
- Current, historical and forthcoming 10 years market valuation in terms of honey market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Honey market demand analysis
- Honey market pricing analysis over forecast period (by key segment and by region)
- Honey market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in honey market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in honey market
- Honey market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on honey market forecast by countries
- Mergers and acquisitions in honey market
- Essential information to enhance market position
- Robust research methodology