Natural Honey Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Natural Honey Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global natural honey market is projected to register a CAGR of 5.4% during the forecast period (2021-2026). The sudden outbreak of the COVID-19 pandemic has affected various industries across the globe. However, with the re-opening of production and processing facilities across various economies and increased efforts by beekeepers and market players to re-establish the disrupted supply chain, the condition of the natural sweeteners market is improving. Due to its antibacterial, antiviral, and anti-fungal properties, is receiving appreciation and wider acceptance as an effective medicine to treat acute cough and throat infection observed in corona-infected patients. Honey is largely used as a natural sweetener. Honey can be used in beverages, processed foods, jams, jellies and is increasingly used as an ingredient in health and beauty products as well. Honey has been linked to various health benefits. Studies have found that it may help reduce risk factors for heart disease like blood pressure and cholesterol, improve wound healing and throat infections. With increasing demand from consumers and high health benefits, the market is expected to grow over the forecast period. China and Turkey are the major producers of honey while Germany and Japan are among the highest importers. Beeswax is a by-product of honey production. It makes a wonderful ingredient in aromatherapy, cosmetics, and skin-care products, wood finishes, waxes, waterproofing products, and dental molds.

Key Market TrendsGrowing Demand for Natural Sweeteners

Natural honey is a pure, unfiltered and unpasteurized sweetener made by bees from the nectar of flowers and is known for its incredible nutritional value and health powers. There is enough research that proves that replacing sugar with honey can actually help prevent gaining weight and also lower blood sugar levels. A daily dose of raw honey raises levels of good antioxidants in the body that helps boost our immune system. On the other hand, it is not uncommon for consumers to report headaches, dizziness, rashes, bloating, nausea, and digestive problems after ingesting artificial sweeteners. These side effects could build up over time and cause serious long term diseases with regular consumption of these processed sugars. For these reasons, honey is increasingly becoming the preferred choice for consumers around the globe over other artificially made sugar sweeteners. Thus, the popularisation and demand for natural sweeteners are likely to drive the market in the forecast period.

Asia-Pacific Dominates The Market

Asia-Pacific registers as the dominant region across the globe. In Asia-Pacific, China holds the largest share of honey production, as well as consumption, followed by India. China's vast territory, rich nectar source, large population, and improvement of people's living standard is the reason for the rise in domestic honey production. Turkey and Iran are significant producers of natural honey in the Middle East. Turkish Anzer Honey & Pollen is one of the most expensive honey in the world. Though the United States is a major honey producer, it is also the highest importing country in the world. It usually imports from countries such as Brazil, Turkey, India, and Canada.

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