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Global Organic Wild Honey Market to be Aided by the Growing Organic Honey Industry, which is Expected to Grow at a CAGR of 7.2% in the Forecast Period of 2022-2027

According to a new report by EMR titled, ‘Global Organic Wild Honey Market Report and Forecast 2022-2027’, the global organic wild honey industry is being aided by the growing organic honey industry. The organic honey market is expected to grow at a CAGR of 7.2% in the forecast period of 2022-2027.

The global organic wild honey industry has been rising due to the rising demand from pharmaceutical, cosmetics, and personal care, and the food and beverage industry. The increasing significance of e-commerce platforms and the post-lockdown period are some of the factors which have bolstered the sales of the product. The market growth is further aided by the rising awareness among consumers about the health benefits offered by the product. The market is expected to be propelled by the increasing disposable incomes of people.

Among the regions, the Asia Pacific region is expected to witness robust growth in the forecast period. This can be attributed to the rising disposable incomes, adoption of western food habits, and rising e-commerce platforms. Europe is also a significant region in terms of market growth, owing to the healthy lifestyle followed by the majority of the population.

Albertsons Companies Inc (NYSE: ACI), African Bronze Honey Company, Wildpure Ltd., Pastili Limited, and Big Island Bees are some of the key market players. However, the growing prevalence of e-commerce platforms will further aid the market growth, as these platforms provide convenience and value for money. The 7-Eleven Inc. collaborated with CP Group to open the first 7-Eleven store in Laos, which will be functional in 2022. This will provide lucrative opportunities for the market.

Market Breakup by Distribution Channel and Region:

  • Based on distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, and online, among others.
  • The regional markets for organic wild honey can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key findings of the report:

  • The global organic wild honey industry is driven by the rising demand from the food and beverage industry.
  • The growing prevalence of e-commerce websites is further aiding the market growth.
  • The market is further bolstered by the rising pharma and cosmetics sectors across the globe.
  • Increasing disposable incomes and changing lifestyles in the developing economies is another factor bolstering the global organic wild honey industry.

Key offerings of the report:

  • The EMR report gives an overview of the global organic wild honey industry for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for the distribution channels and regions of organic wild honey.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global organic wild honey market are African Bronze Honey Company, Wildpure Ltd, Albertsons Companies, Inc, Pastili Limited, and Big Island Bees, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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