Category Intelligence on Honey covers the following
Asia-Pacific is the largest and fastest growing market with a CAGR of 5.2 percent over the forecast period and captures a dominant share of 41.2 percent.Steady decline in global honey crop could be attributed to many factors including pesticides like nionicotinoids and climatic changes.
Asia-Pacific accounts for more than 50 percent of the global production. Although China constitutes more than 30 percent of the global production, India would be a potential source for buyers located in Asian countries.
China is the world's largest country of beekeeping, honey production exporter and also the power consumption of honey. However, due to quality concerns, India would be preferred over China
Organic honey supply is anticipated to witness a two percent increase y-o-y. Environmental concerns, together with an increasingly healthy lifestyle of consumers stimulates the growth of organic honey.
New entrants of organic honey would find it difficult to compete with the international vendors based on quality, reliability, innovations in technology and to enter into the market with authenticated certifications
Buyers could procure their honey from India, which has eminent global players and also one of the largest producers of quality honey.
Indian honey production witnessed a steady growth from 2005 with the branded honey market growing at a CAGR of 10 percent annually. Indian honey production in 2016-17 was estimated at 91076 MT constituting approximately 6 percent of the global production.
Barriers of apiculture farming is unlikely to be a paramount threat to the future honey production since remedial measures have been initiated in the major producing regions.The major constraints of apiculture farming are the prevalence of honey bee predators, lack of improved apiculture equipment and lack of market oriented apiculture farming system.
Complimentary 12-month access to Beroe LiVE
COVID-19: Assess impact on your suppliers and ensure business continuity with Beroe’s WIRE
(World Instant Risk Exposure)