The honey market size valued at USD 10.2 Billion in 2022 and is anticipated to reach USD 17.4 Billion by 2032 at a CAGR of 5.6%.
Fort Collins, Colorado, May 01, 2024 (GLOBE NEWSWIRE) --
Consumer preference for honey and natural sweeteners drives the industry's growth.
The global honey market is on the rise, driven by a shift in consumer preferences towards natural and healthier sweeteners. As the consumption of processed and unhealthy foods increases, so does the demand for honey. This trend is particularly evident in the growing concern over high sugar content in products, leading many to view honey as a healthier alternative. With its lower glycemic index (GI) compared to sugar, honey helps to avoid rapid spikes in blood sugar levels, aligning with consumer preferences for healthier options and aiding in weight management and overall well-being.
Honey's value extends beyond the food industry, finding extensive use in pharmaceuticals. Its remarkable antioxidant, anti-inflammatory, and anti-bacterial properties make it a highly effective remedy for coughs and colds, a facilitator of wound healing, and a supporter of cardiovascular health. As a versatile ingredient, honey also addresses gastrointestinal and neurological ailments, making it a valuable component in various medicinal applications.
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Segmentation Overview:
The honey market has been segmented into processing, type, application, distribution channel, and region.
Conventional honey accounted for a significant market share in 2023.
Food and beverages accounted for a significant market share in 2023
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Honey Market Report Highlights:
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