Asia Pacific Honey Market By Application (Food & Beverages, Personal Care & Cosmetics and Pharmaceutical), By Distribution Channel (Online, Supermarket/Hypermarket and Convenience Stores), By Country, Growth Potential, Industry Analysis Report and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Honey Market would witness market growth of 12.3% CAGR during the forecast period (2020-2026). Honey is a component that is an excellent source of antioxidants & flavonoids, which can reduce oxidative stress & inflammation in the body and also prevent people from cancer and heart disease.
Moreover, honey has antiseptic & antibacterial properties that help in curing wounds by offering a moist atmosphere &enhancing nutrient supply to the affected area. Due to these factors, there is an increasing demand for honey as a home remedy.
Sugar and artificial sweeteners became unwanted & problematic components in food items because of their harmful effect on people’s health. People are now shifting towards natural sweeteners for various reasons. One of the major reasons for the high adoption of honey is due to the increasing cases of diabetic patients, people suffering from obesity & high cholesterol, all these patients are constantly searching for healthier substitutes of sugar. The easy accessibility of a broad range of products, along with providing the desirable taste in food & beverage products, is propelling the demand for the market.
Honey contains many nutrients that are beneficial for the human body. These nutrients include majorly antioxidants; some kind of vitamins & minerals. It has many antimicrobial properties and chemical properties to escalate the healing process of wounded tissues. Medicinal uses of honey have encouraged beekeepers to extract or produce more honey. Honey is used in throat infections, for maintaining blood pressure, healing wounds and it can also be used on burn wounds. The chemical composition of honey made it appropriate ingredients for its medicinal purpose and to heal wounds.
The Food & Beverages market dominated the Australia Honey Market by Application in 2019, thereby, achieving a market value of $250.3 million by 2026. The Personal Care & Cosmetics market is showcasing a CAGR of 10.6% during (2020 - 2026). Additionally, The Pharmaceutical market is anticipated to witness A CAGR of 11.3% during (2020 - 2026).
Based on Application, the market is segmented into Food & Beverages, Personal Care & Cosmetics and Pharmaceutical. Based on Distribution Channel, the market is segmented into Online, Supermarket/Hypermarket and Convenience Stores. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Australia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dabur India Ltd., Beeyond the Hive LLC, Patanjali Ayurved Limited, Capilano Honey Ltd., Barkman Honey, LLC, Bee Maid Honey Ltd., Dutch Gold Honey, Inc., New Zealand Honey Co. (Comvita), HoneyLab Ltd., and Rowse Honey Ltd. (Valeo foods U.K. Limited)
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Personal Care & Cosmetics
By Distribution Channel
- Convenience Stores
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Dabur India Ltd.
- Beeyond the Hive LLC
- Patanjali Ayurved Limited
- Capilano Honey Ltd.
- Barkman Honey, LLC
- Bee Maid Honey Ltd.
- Dutch Gold Honey, Inc.
- New Zealand Honey Co. (Comvita)
- HoneyLab Ltd.
- Rowse Honey Ltd. (Valeo foods U.K. Limited)
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