Europe 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 Europe Honey Market would witness market growth of 11.2% CAGR during the forecast period (2020-2026). Nectar is extracted from flowers or plants by honey bees, which makes organic honey.
A few types of honey that are available in the market are sourwood honey, clover honey, dandelion honey, and rosemary honey. It offers several benefits like soothes coughs, protection from cancer, and sore throats.
Honey is made out of the extracted nectar by bees, which is a natural sweetener. Water, carbohydrates, minerals, and nitrogenous substances are among the key components of honey. It acts as a substitute for table sugar. The rising demand for organic honey items by people is projected to propel the demand for the market. Consuming honey is very beneficial for a person’s health, which is why people are adopting organic honey products; this will further garner a substantial growth rate for the market. In addition, the rising importance of organic honey & its products and the growing number of health problems is likely to surge the demand for the market in the forecast period.
There are many challenges which honey market faces, one of them is the adulteration &the processing activity usually done for enhancing the quality of the organic honey, hamper the growth of the honey market in the future years. Honey contains many nutrients like minerals, calcium, vitamins, and antioxidants, which makes it a healthy sweetener. Along with that, honey offers several medicinal properties &can help in enhancing the metabolism activity of a person, maintaining blood pressure level, decreases the risk of diabetes. It can also help in treating burn wounds. Hence, honey is broadly utilized in several sectors other than food & beverages, like the healthcare and cosmetic industry, which is anticipated to open new growth avenues for the market.
The Supermarket/Hypermarket market dominated the Spain Honey Market by Distribution Channel in 2019, thereby, achieving a market value of $173.7 million by 2026. The Online market is exhibiting to witness a CAGR of 9.1% during (2020 - 2026). The Convenience Stores market is poised to grow at a CAGR of 10.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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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