Organic Honey Market generated a revenue of USD
Organic Honey Market generated a revenue of USD 680 million in 2021 and is predicted to grow at a CAGR of 6.7% over the forecast period, reaching USD 1,142 million in 2029.
The factors driving the growth of Organic Honey Market includes growing awareness about the health benefits of consuming honey, increasing of organic honey in alcoholic drinks, antibacterial, and anti-inflammatory properties of organic honey and improvements in the living standards. Moreover, Government regulations mandating the use of organic honey products, increasing availability of organic honey products at online stores, rise in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading companies on research and development, strategic mergers, and collaborations between corporations, rising disposable incomes and growing population growth rates, are some of the additional factors supplementing the market growth.
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However, growth of the Organic Honey Market is hindered due to high capita required for manufacturing organic honey products.
Th major players operating in the market are Lamex Food Group Limited, Y.S. Eco Bee Farms, Nature Nate’s, Madhava Ltd., Barkman Honey LLC, Heavenly Organics, LLC, Wedderspoon Organic Holdings, L.P., Wholesome Sweeteners Inc., GloryBee and Little Bee Impex, among others.
Based on End-Use, the Food & Beverage segment is predicted to grow at a robust CAGR during the forecast period
Rising prevalence of diabetes and increase in the launch of innovative products, are some of the factors responsible for the segment’s growth.
Based on Sales Channel, the Online Sales segment is projected to expand at a significant CAGR over the forecast period
As per the Organic Honey Market Forecast, online stores offer different variety of organic honey products at attractive discounts, along with rising trend of online shopping and improvements in internet connectivity, are propelling the market growth.
Based on Region, the North American region is anticipated to grow at a remarkable CAGR during the forecast period
Raising awareness about the health benefits of honey, growing demand for immunity building products, increasing prevalence of diabetes across United States and Canada, rapid industrialization, and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Key Development
- In 2019, Nature Nate’s collaborated with Woolworths to enter the Australian market. The American branded honey company released it 100% pure, raw, and unfiltered honey complying with the Australian standards.
Market Segmentation
Segmentation by Type
- Clover Honey
- Manuka Honey
- Sourwood Honey
- Buckwheat honey
- Rosemary Honey
- Dandelion Honey
- Other Types
Segmentation by End-Use
- Cosmetics & Personal Care
- Food & Beverage
- Pharmaceuticals & Nutraceuticals
Segmentation by Sales Channel
- Wholesaler/Distributor
- Modern Trade
- Convenience Stores
- Online Sales
- Other Sales Channel
Segmentation by Packaging Type
- Glass Jar
- Plastic Containers
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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