(Entertainment-NewsWire.com, August 16, 2018 ) Woodridge, USA August 2018 (News) - 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. 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.
Key Findings: Asia-Pacific is estimated to retain its dominance throughout the forecast period and will grow at a substantial CAGR of 7.68%. Furthermore, among the Asia-Pacific countries, China is projected to witness a substantial growth of 6.95% during the forecast period of 2017-2023. Global honey manufacturers find massive opportunity in China, owing to the huge demand for honey as an ingredient in personal care products among the population. Regional and Country Analysis of Honey Market Development and Demand Forecast to 2023 Market As per MRFR analysis, the global market for honey is expected to witnessing continuous demand during the forecast period, owing to the rising population of consumers adopting healthy food consumption trends. The global honey market is expected to reach 2,768.7 kt by the end of the year 2023 at a CAGR of 7.22% during the forecast period. Asia-Pacific is projected to dominate the market, followed by Europe.
Target Audience: • Global honey manufacturer • Foods & beverages industry • Pharmaceutical industry • Raw material suppliers • Retailers and wholesalers • Traders, importers, and exporters.
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