|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Honey market sales create significant incremental opportunity over 2031
|
|
Thursday, 03 November, 2022, 14 : 00 PM [IST]
|
|
Our Bureau, Mumbai
|
Fact.MR’s report predicts the global honey market to register a positive CAGR of 5.3% by accumulating a market value of US$ 15.2 Bn in the forecast period 2021-2031. Manufacturers of honey are focusing on providing honey in flavored and unadulterated formats.
Over the last five years, between 2016 and 2020, the global honey market exceeded a market value of $9 billion, expanding at a CAGR of 4% across the historical period. Consumption of honey especially increased amidst the Covid-19 pandemic, as individuals sought to consume those foods which helped enhance immunity and offer protection from microbe-based infections.
Manufacturers of honey are focusing on importing honey and providing it on a larger geographical scale. The demand from end industries such as bakeries and beverages has propelled over time. This, in turn, has positively impacted the sales of honey.
|
|
|
|
|
|
|
|
|
|