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Indian Honey Market Size, Share, Price Trends, Demand, Revenue, Growth and Forecast 2022-2027

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Indian Honey Market Size, Share, Price Trends, Demand, Revenue, Growth and Forecast 2022-2027

January 26
10:09 2022
Indian Honey Market Size, Share, Price Trends, Demand, Revenue, Growth and Forecast 2022-2027
Indian Honey Market
The honey market in India reached a value of INR 21.1 Billion in 2021. The market to reach INR 38.3 Billion by 2027, exhibiting at a CAGR of 10.31% during 2022-2027.

According to the recent study by IMARC Group, titled “Indian Honey Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the Indian honey market report reached a value of INR 21.1 Billion in 2021. Honey refers to a sweet syrupy substance that is commonly processed by honeybees from the nectar of flowering plants by the process of regurgitation. The color and taste of honey may vary depending on the source of the nectar, primarily ranging from colorless to dark brown and mild to strong in flavor. Being a rich source of vitamins, minerals, iron, zinc, amino acids, and antioxidants, it finds extensive applications across various sectors, such as food and beverage, pharmaceutical, and cosmetics.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The market in India is majorly driven by the increasing health awareness among consumers regarding the numerous health benefits offered by honey. Moreover, the product has gained widespread popularity across the country due to its antibacterial and antiseptic qualities as well as its enhanced effectiveness in treating acute throat infection and cough. Furthermore, the Government of India (GOI) is undertaking initiatives and funding research and development (R&D) projects to encourage the production of honey in India, which is creating a positive outlook for the market. On account of these factors, the market is projected to reach a value of INR 38.3 Billion by 2027, registering a CAGR of 10.31% during 2022-2027.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

  • Dabur
  • Patanjali
  • Apis India
  • Emami Limited
  • Hitkary Pharmacy Private Limited
  • Reliance Retail Limited
  • Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
  • Kejriwal Bee Care India Pvt. Ltd.
  • Bharat Honey
  • Under The Mango Tree

Indian Honey Market Segmentation:

Our report has categorized the market based on state, flavor, seasonality and distribution channel.

Breakup by Flavor:

  • Multiflora Honey
  • Eucalyptus Honey
  • Ajwain Honey
  • Sidr Honey
  • Others

Breakup by Seasonality:

  • Autumn and Spring Season
  • Winter Season
  • Summer and Monsoon Season

Breakup by Distribution Channel:

  • Business to Consumer
  • Business to Business

Breakup by State:

  • Maharashtra
  • Tamil Nadu
  • Karnataka
  • Punjab
  • Rajasthan

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:30 N Gould St Ste R
City: Sheridan
State: WY
Country: United States

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