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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Honey Food Market Size
The global honey food market is expected to grow at a CAGR of 4.2% during the period 2024-2032. North America, Europe and Asia are expected to be key markets.
Global Market Likely to be Driven by Health Benefits and Medicinal Uses of Honey
Honey is a by-product of floral nectar and the honey bee's upper aerodigestive tract, which is concentrated inside the bee hive via a dehydration process. Honey's complex chemical composition changes with the botanical source. Honey has traditionally been used as food as well as medicine.
Apart from its significant place in traditional medicine, natural honey has been the topic of laboratory and clinical research over the last few decades and found a place in modern medicine. Honey has been shown to prevent the growth of approximately 60 kinds of bacteria, certain fungi, and viruses. Honey's antioxidant activity is critical in a variety of diseases; it is a result of a diverse array of chemicals, including phenolics, peptides, organic acids, enzymes, and Maillard reaction products. Honey has further been employed to treat certain gastrointestinal, cardiovascular, inflammatory, and neoplastic conditions.
Honey Food Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global honey food market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The major drivers of the market include the high demand for nutritious food products, growing health concerns, longer shelf-life of the product, rising disposable income, urbanisation, and changing lifestyles.
The health benefits of honey food and its increasing use in cosmetics are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Based on nature, the market is divided into organic and conventional.
The different types of honey food are table honey and cooking ingredient honey.
The several distribution channels include hypermarkets and supermarkets, convenience stores, and online, among others.
The major players in the industry are Capilano Honey Ltd., Barkman Honey, LLC, Comvita Limited, Pastili Limited, Dabur India Ltd., and Bee Maid Honey Limited, among others.
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