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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.
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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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