HONEY MARKET 2020 Industry Survey, Growth, Competitive Landscape and Forecasts to 2024
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HONEY MARKET 2020 Honey Market 2020: Industry Survey, Growth, Competitive Landscape and Forecasts to 2024 Honey is rich in nutritious values and known for its medicinal properties as well. It has high levels of antioxidants that boost the immune system and reduce inflammation. The content of natural sugar in honey makes it an ideal sweetener that can replace table sugar. Moreover, honey is also a great source of nutrients such as glucose, fructose, minerals, pollen, vitamins, and proteins. It serves as a natural antioxidant which is loaded with phenolic acids and flavonoids. These health benefits offered by honey have paved its way in the global market. Honey is primarily preferred among health-conscious populaces. Consumers are entirely switching to honey as a natural sweetener. Global Honey Market Size has been witnessing an upsurge in terms of gains over the past few years. The popularity of the product and its increasing sales are some of the key driving forces behind the growth of the global Honey Market. Conversely, factors such as the demand and supply gap of the product are impeding the market growth, challenging the market players. Nevertheless, factors such as increasing number of honey harms are expected to support the growth of the market, meeting the augmenting demand for honey, worldwide.
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HONEY MARKET 2020
Segment Analysis For ease of understanding, the market is segmented into four key dynamics: By Type: Alfalfa, Wildflower, Buckwheat, Acacia, and Clover among others. By Application: Food & Beverage, Personal Care Products, and Pharmaceuticals among others. By Packaging: Bottle, Jar, Tube, and Tub among others. By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
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HONEY MARKET 2020 Regional Analysis The Asia Pacific region being the largest producer of honey will be retaining its dominance over the global honey market throughout the assessment period. APAC countries such as China, Indonesia, and India backed by the larger production and consumption of the product alongside the rich traditions of herbal medicines, contribute to the growth of the regional market, majorly. North America honey market is emerging as a promising market, globally which is expected to grow at a moderate CAGR from 2019 -2023. Factors boosting the market growth in the region include high per capita income and the presence of a well-established sports industry among others. Export of honey in the well-developed countries is found to be on the rise at a steady growth rate.
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HONEY MARKET 2020 Application & Major Players in this Research: Honey Market Prominent Players:
ďƒź Key players leading the Global Honey Market Size include Patanjali Ayurved Limited (India), Capilano Honey Ltd. (Australia), Dabur India Ltd. (India), Comvita Ltd. (New Zealand), Bee Maid Honey Ltd. (Canada), Barkman Honey LLC (U.S.), Lamex Food Group Ltd. (U.S.), Beeyond The Hive (U.S.), and Billy Bee Honey Products (Canada) among others.
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