Published Date: 21-Apr-2021
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According to a new report Global Honey Market, published by KBV research, The Global Honey Market size is expected to reach $14.2 billion by 2026, rising at a market growth of 11.6% CAGR during the forecast period.
The supermarket/hypermarket market segment garnered the highest revenue share in 2019. This segment is also expected to maintain its dominance during the forecast period. In addition, key players of this segment are aiming on setting up new stores in developing nations.
The Food & Beverages market dominated the Global Honey Market by Application in 2019, growing at a CAGR of 8.1 % during the forecast period. The Personal Care & Cosmetics market is estimated to grow at a CAGR of 9.1% during (2020 - 2026). Additionally, The Pharmaceutical market is expected to witness A CAGR of 9.2% during (2020 - 2026).
Asia Pacific region is expected to be the fastest-growing market region-wise during the forecast period. In this region, the presence of big honey producers in the developing countries like India and China, is anticipated to retain favorable factors for the growth of the region. Moreover, China was the biggest exporter of honey in the U.S. and Europe in 2019. The Europe market is experiencing a CAGR of 8% during (2020 - 2026). Additionally, The North America market would witness a CAGR of 7% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/honey-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
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