Japan 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 Japan Honey Market
The Japan Honey Market would witness market growth of 14.5% CAGR during the forecast period (2020-2026). Honey is considered as a sweet, thick liquid produced by honey bees. Bees collect the floral sugar-rich nectar for their nutrition.
From the nectar, a sugary secretion that is honey is produced by the process of regurgitation, enzymatic activity, water evaporation, and other metabolic activities. Extraction of honey is done by beekeepers who carefully remove the honeycomb and crush it to obtain honey. Honey is produced commercially due to its high demand in the market across the globe. People use honey both as food and medicine since ancient times.
From ancient times, honey is recognized as one of the healthy items. It is a vital ethical food in japan. The honey demand in japan is high and 95% of the demand is fulfilled by imported honey. In Japan, the honey industry is still considered as a budding industry. Sugi Bee Garden is a famous company for honey in Japan. They supply fruit-infused honey. This company is focused to expand its business overseas. In 2017, the SOGO Causeway Bay store was opened in Hong Kong. It further aims to improve the strength of beekeeping by promoting beekeeping activities. Sugi Bee Garden also announced that they are going to implement “Wholesome Apiculture” in which they would collaborate with outstanding beekeepers on a global scale. An NGO in Japan that started Ginza Honey Bee Project is actively working in the cultivation of rooftop hives. They set up hives on top of an abandoned and multi-story building in central Tokyo. It is an example of urban beekeeping. From this project, honey is supplied to the local market. Similarly Koto-city Honey Project in Tokyo, a non-profit project is working to expand the beekeeping business along with the introduction of diversifying green spaces in the local community. In addition to it, “mobile honey making”, which is popular a tradition in some parts of Japan.
The outbreak of COVID-19 hit the global economy. The outbreak of COVID-19 has caused the decreased production and demand for honey in the global market. Disruption of the supply chain imposes a big challenge for export-import services. There is a decline in the number of beekeepers as well as bee colonies in Japan. This has led to a higher dependency on imported honey. As a consequence of this decline, the shortage of pollinators will directly affect agriculture. In Japan, it has been observed that various innovations have been done in efficient beekeeping and harvesting methods. This will improve the quantity and quality of the final product harvested.
Honey is commonly used in processed foods, beverages, jellies, and jams. The increasing concern about health is one of the factors leading to increased consumption among the health-conscious population. There are various health benefits of honey, thus it is used as an important ingredient in healthcare and beauty products. Japanese skin brand named HACCI launched a honey-based skin product in 2020. As most of the products contain natural ingredients, it is highly demanded by young aged females. This company has its own bee farm. Many scientific studies have proved that honey is also helpful in decreasing the risk of heart diseases.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverages
- Personal Care & Cosmetics
By Distribution Channel
- Convenience Stores
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