September 08, 2020
According to the research report titled ‘Global Organic Honey Market Size study with COVID Impact, by Product (Mixed Organic Honey, Manuka Organic Honey, Clover Organic Honey, Other Organic Honey) and Regional Forecasts 2020-2027’, available with Market Study Report, global organic honey market is expected to generate substantial returns during 2020-2027.
Widespread adoption of organic honey in food & beverage industry and its usage while manufacturing personal care products are key factors augmenting the market growth. For the record, organic honey is a naturally ripe product which is not high in concentration. It is basically the honey extracted directly from bees.
Increasing awareness pertaining to the health benefits of organic honey such as improving skin complexion, curing acne, and removal of dandruff is also aiding the market expansion. According to Molan, the growth of bacteria is inhibited since it cannot survive in the acidity of organic honey.
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Similarly, Cosmetics Info stated that honey acts as a humectant in cosmetic products in order to slow down moisture loss as well as to maintain the fragrance and skin condition, thereby stimulating the industry outlook. However, fluctuating prices of honey may act as a restraining factor to the overall market growth. In fact, honey prices in the United States have been witnessing sluggish increase for over a decade owing to low domestic supply.
Based on product landscape, worldwide organic honey market is segmented into clover organic honey, manuka organic honey, mixed organic honey, and others.
Regionally, Europe holds 39% market share while North America accounts for 31% market share as of 2020. The USDA (U.S. Department of Agriculture) has introduced a regulation which compels all manufacturers to develop USDA certified products and label them as organic, which is impelling organic honey market growth in North America.
Meanwhile, China organic honey market is expected to grow with a CAGR of 16.4% between 2020 and 2027.
The prominent companies operating in global organic honey market are Y.S. Organic Bee Farm, Sioux Honey Association Cooperative, Madhava Honey, Glory Bee, Little Bee Impex, Langnese Honey US, Barkman Honey LLC, Rowse Honey Ltd., and Nature Nate's Honey Co. among others.