Description:-
A shift in consumer food consumption pattern and increasing demand for healthy food and beverages is one of the major drivers identified for the global honey market. Increasing demand for natural sweeteners and rising awareness about the health benefits obtained from it are propelling the growth of honey, globally. Additionally, the diverse application of honey is also adding fuel to its growth. Innovative flavors also tend to attract consumers towards the offerings of manufacturers.
Honey is available in various forms and flavors. It also finds its traditional applications and is consumed widely to treat various gastrointestinal ailments. High nutritional value of honey has made it a potential substitute for table sugar. High antioxidant value and high shelf-life of honey are estimated to be increasing its popularity among consumers. Based on its nutrient content, honey is also consumed by health-conscious consumers to reduce the blood pressure level.
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Regional Analysis
As per MRFR analysis, the global honey market is segmented into North America, Europe, Asia-Pacific, and Rest of the world. Asia-Pacific is projected to retain its dominance throughout the forecast period, owing to the rise in the production volume and increasing consumption of honey. The market share of the region is estimated to reach 1,162.8 kt, in terms of volume by 2023. However, Rest of the World region, including countries such as Latin America, the Middle East, and Africa, is projected to expand at a moderate CAGR of 7.31% during the forecast period, 2017-2023.
Segments
The global honey market is segmented into type, application, and packaging. Further, by region it is segmented into North America, Europe, Asia-Pacific, and Rest of the world.
By type, it is segmented into alfalfa, wildflower, buckwheat, acacia, clover honey, and others. Among all, the wildflower honey segment is projected to account for the maximum market proportion and is projected to grow at a CAGR of 7.35% during the forecast period.
By application, it is segmented into food & beverage, personal care products, pharmaceuticals, and others. The food & beverage segment is dominating the market due to the increasing demand for honey in food products. This segment is projected to grow at a CAGR of 7.26% during the forecast period.
By packaging, it is segmented into bottle, jar, tube, tub, and others. The bottle segment is projected to account for approximately 45% of market proportion and is projected to grow at a CAGR of 6.72% over the review period of 2017-2023.
Key Players
The leading players profiled in the global honey market are Dabur India Ltd. (India), Capilano Honey Ltd. (Australia), Comvita Ltd. (New Zealand), Barkman Honey Llc (U.S.), Bee Maid Honey Ltd. (Canada), Lamex Food Group Ltd. (U.S.), Billy Bee Honey Products (Canada), and Beeyond The Hive (U.S.), among others.
Target Audience
Global honey manufacturers
Foods & beverages industry
Pharmaceutical industry
Raw material suppliers
Retailers and wholesalers
Traders, importers, and exporters
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Table Of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Increasing consumption of electronic devices, equipment, and appliances
5.2.2 Surging demand from medical devices & equipment
5.2.3 Stringent environmental regulations against the use of Cr6
5.3 Restraints
5.3.1 High capital investment
5.4 Opportunities
5.4.1 Growing demand from renewable energy sector, especially from solar energy
5.5 Challenges
5.5.1 Technical complexities
6 Market Impact Analysis
6.1 Supply Chain Analysis
6.1.1 Raw Material
6.1.2 Vapor Deposition Producers
6.1.3 Distributors
6.1.4 End-use Industries
6.2 Porter’s Five Forces
6.2.1 Threat of new entrants
6.2.2 The intensity of competitive rivalry
6.2.3 Bargaining power of supplier
6.2.4 Bargaining power of buyer
6.2.5 Threat of Substitute
7 Global Vapor Deposition Market, By Process
7.1 Chemical Vapor Deposition
7.1.1 Low Pressure CVD
7.1.2 Atmospheric Pressure CVD
7.1.3 Plasma Enhanced CVD
7.1.4 Metal Organic CVD
7.1.5 Others CVD
7.2 Physical Vapor Deposition
7.2.1 Cathodic Arc Deposition
7.2.2 Electron Beam PVD
7.2.3 Sputter Deposition
7.2.4 Others PVD
Continued……
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