China Honey Market By Application (Food & Beverages, Personal Care & Cosmetics and Pharmaceutical), By Distribution Channel (Online, Supermarket/Hypermarket and Convenience Stores), Opportunities and Trends Analysis Report and Forecast 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the China Honey Market
Market Report Description
The China Honey Market would witness market growth of 10.9% CAGR during the forecast period (2020-2026). Honey is referred to as a viscous golden-colored liquid that is produced by bees. Honey is mostly consumed in an unprocessed state. Bees collect nectar from flowers and as food and make honey from that nectar by the enzymatic and regurgitation activity.
Fructose, glucose, and water are the main components of honey. It shows medicinal properties, used as ingredients in many dishes, and desserts. Due to rising awareness about a healthy lifestyle, honey is gaining high popularity. It is highly preferred as an alternative to sugar. Honey is a valuable product and is universally accepted dietary and medicinal properties.
China ranks first in the production of natural honey. According to statistics, China accounts for about 29.6% of the total world production of honey. It is the largest exporter of honey in the world. For the past 5 years, honey production in china jumped about 0.9% per year. According to nation master estimation, there was a total production of 497,286 Metric Tons of honey in 2019. It plays a key role in the economy of China; this industry employs about 300,000 people in the country. Data from the National Bureau of Statistics suggest that there is about 10 fold increase in honey production in china.
China has the world's largest beekeeping industry and it manages about 9 million bee colonies. Honey production is severely affected by the outbreak of the COVID-19 pandemic. Many Chinese beekeepers lost their life and many are struggling to maintain their livelihood, this will decrease honey production. The higher demand for a natural immune booster during the pandemic has created various opportunities in the honey industry in china. There is a huge demand for Chinese honey in New Zealand. Therefore, many companies are partnering with Chinese subsidiaries.
According to the China National Chamber of Food, Native Produce and Animal By-products Importer and Exporter (CCFNAB), it is expected that due to increasing global competitiveness the export of honey from China may decrease in coming years. The government of China is focused on prioritizing agriculture including beekeeping. It is encouraging farmers and beekeepers to work more closely with companies that will help them to flourish their business. Hebei honey wing Bee Products Co., Ltd. Is the leading beekeeping company in China. This enterprise has self-supporting import and export rights in Hebei Province.
The living standard of people in China is continuously improving; they are becoming more health-conscious. Honey being natural and pure is a good source of nutrients and it fulfills the need of a health-conscious group of consumers. It is scientifically proved that honey is helpful in cough suppression. If compared to other sugar, honey contains more vitamins and minerals per gram so it is healthier to consume honey in place of table sugar. Many manufacturers of the food and beverages industry are replacing sugar with organic honey in their formulations. Honey and beeswax are widely used in food as well as in the beauty industry. It also has antioxidant properties, thus acts as a rejuvenator of skin.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Personal Care & Cosmetics
By Distribution Channel
- Convenience Stores
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