The global organic honey market value is projected to be USD xxx million in 2018, growing at an optimistic CAGR of xx.x% to reach USD xxx million by 2025.
The global organic honey market size is growing at a steady rate due to the growing emphasis on leading healthy lifestyle, higher global population, improved logistics and supply chain, increased yields, inclination of consumers towards consumption of natural food products owing to concern regarding chemical additives. This has favored higher adoption of organic honey by end-user markets. The other factors that have contributed to major adoption of honey is rising awareness towards various types pf organic honey and its production methods. All manufacturers who claim their honey to be organic are mandated to pass certain standard tests regulated by authorities, followed by attaining a certification. This helps consumers purchase a product with authenticity. This has further consolidated the market. With the recent announcement by Amazon, to acquire Whole Foods Market (natural and organic food products), the organic honey market sale is expected to soar up.
Organic honey with its medicinal and curing properties, is in demand in pharmaceutical and cosmetic industries. At present, food products use honey as probiotic, for fermentation & clarifying and as antioxidant agent. Thus, the demand for organic honey will surge in the forecast period.
On the basis of geography, the global regions which are dominating the organic honey market are the United States, Mexico, Canada, Germany, UK, France, Italy, China, Russia, Japan, Korea, India, Southeast Asia, Brazil, Australia, Middle East, and Africa. In terms of revenue, the most lucrative organic honey market share accredits to Europe. It holds a share of two-fifth out of the total global market share. However, it is estimated that there will be certain decline by the end of 2025. As European consumers have a drastic shift towards organic products, which made manufacturers pre-think and strategise business expansion in a way that records consumer behavior and purchasing patterns. Most of the Europeans prefer organic honey, replacing sugar.
North America and Asia-Pacific excluding Japan (APEJ) will show, relatively faster expansion than Europe during the forecast period. Whereas market of Middle East & Africa (MEA) and Japan will have low growth in the upcoming years. Government authority of the U.S. like The United States Department of Agriculture (USDA) are instructed to produce organic products to be USDA-certified, to get a label of ‘organic’.
In terms of sales channel, the global organic honey market trend is expected to remain similar during the forecast period with respect to online sales and convenience stores. Wholesaler/distributor will continue to generate highest revenues as a sales channel.
on types, the global organic honey market is divided into Clover Organic Honey, Manuka Organic Honey and Mixed Organic Honey Industry is gaining demand in developing regions as purchasing power of the people have boosted due to the growing economic growth.
Some of the top key manufacturers in the global organic honey market includes Nature Nate’s, Dutch Gold, Langnese, Rowse, Barkman Honey, GloryBee, Y.S. Organic Bee Farms, Heavenly Organics, Comvita, Little Bee Impex, Madhava Honey, Sue Bee, Conscious Food and Manuka Health.
Key segments of ‘Global Organic Honey Market’
Based on product type, the market has been segmented into,
• Mixed Organic Honey
• Manuka Organic Honey
• Clover Organic Honey
• Other Organic Honey
The market breakdown on basis of application,
- Glass Jar
- Plastic Containers
Others Based on region, the market has been segmented into,
• North America
• Southeast Asia
What to expect from the upcoming report on ‘Global Organic Honey Market’:
- Future prospects and current trends of the global organic honey market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.