Indian Honey Market Overview:
IMARC Group’s latest research report, titled “Indian Honey Market Outlook: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The Indian honey market size reached a value of INR 21.1 Billion in 2021. Honey refers to a sweet syrupy substance that is commonly processed by honeybees from the nectar of flowering plants by the process of regurgitation. The color and taste of honey may vary depending on the source of the nectar, primarily ranging from colorless to dark brown and mild to strong in flavor. Being a rich source of vitamins, minerals, iron, zinc, amino acids, and antioxidants, it finds extensive applications across various sectors, such as food and beverage, pharmaceutical, and cosmetics. On account of these factors, the market is projected to reach a value of INR 38.3 Billion by 2027, registering a CAGR of 10.31% during 2022-2027.
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COVID-19 Impact Overview:
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Key Players Included in Indian Honey Market Research Report:
- Apis India
- Emami Limited
- Hitkary Pharmacy Private Limited
- Reliance Retail Limited
- Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- Kejriwal Bee Care India Pvt. Ltd.
- Bharat Honey
- Under The Mango Tree
The market in India is majorly driven by the increasing health awareness among consumers regarding the numerous health benefits offered by honey. Moreover, the product has gained widespread popularity across the country due to its antibacterial and antiseptic qualities as well as its enhanced effectiveness in treating acute throat infection and cough.
Furthermore, the Government of India (GOI) is undertaking initiatives and funding research and development (R&D) projects to encourage the production of honey in India, which is creating a positive outlook for the market.
Important Attribute and highlights of the Report:
- Detailed analysis of the India market share
- Market Segmentation by flavor, seasonality and distribution channel.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Indian Honey Market
- Strategies of major players and product offerings
Key Market Segmentation:
Breakup by Flavor:
- Multiflora Honey
- Eucalyptus Honey
- Ajwain Honey
- Sidr Honey
Based on the flavor, the market has been segmented into multiflora honey, eucalyptus honey, ajwain honey, sidr honey and others. Amongst these, multiflora honey exhibits a clear dominance in the market.
Breakup by Seasonality:
- Autumn and Spring Season
- Winter Season
- Summer and Monsoon Season
On the basis of the seasonality, autumn and spring hold the largest market share. Other major seasons include winter, summer, and monsoon seasons.
Breakup by Distribution Channel:
- Business to Consumer
- Business to Business
Based on the distribution channel, the market has been bifurcated into business-to-consumer and business-to-business. Presently, the business-to-consumer segment accounts for the majority of the total market share.
Breakup by State:
- Tamil Nadu
TOC for the Indian Honey Market Research Report:
- Scope and Methodology
- Executive Summary
- Indian Honey Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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