The global honey market size is likely to reach USD 11.16 billion by 2027, registering a CAGR of 5.2%
during the forecast period. Honey possesses antibacterial and antiseptic properties. Additionally, it is a
natural and healthier alternative to artificial sweeteners. Fortune Business Insights™ has presented this
information in an upcoming report titled, “Honey Market, 2020-2027”. The market size stood at USD
7.19 billion in 2019.
According to the report, honey is gaining immense popularity due to several reasons. For instance, the
proven health benefits of honey’s consumption are anticipated to flourish the market in the forthcoming
years. Due to the pandemic, the demand for immunity-enhancing products like honey is on the rise and is
expected to significantly drive the market growth in the forecast period.
The global pandemic has wreaked staggering and unprecedented havoc on several industries and markets.
However, the coronavirus pandemic has augmented the global honey market growth due to the growing
need for immunity-boosting products. The antibacterial, anti-fungal, and antiviral properties of honey are
expected to expand its demand even after the pandemic’s end. The market has observed a steep rise in
demand for honey due to the pandemic and is expected to rise significantly during the forecast period.
However, the dynamics of various sectors have changed drastically due to lockdowns, curfews, and social
distancing norms. Disruptions in supply chains, production lines, and operations are stagnating the market
growth. It is uncertain to say how long the situation may persist this way. Nonetheless, our research
report’s in-depth analysis will help you gain an exhaustive understanding of this niche market.
On the basis of its type, the market fragments into buckwheat, clover, alfalfa, wildflower, alacia, etc. On the
basis of its application, the market segments into personal care & cosmetics, pharmaceuticals, food &
beverages, etc. On the basis of its pac