CALIFORNIA (Commodity Online): The global market for honey is poised to exceed 1.9 mn tonnes by 2015 according to a new research report by Global Industry Analysts Inc. Increasing preference among consumers for honey-based products, is leading to a boost in the variety and assortment of honey based food products, baby products, yogurts and drinks. Moreover, honey contains antioxidants, minerals, vitamins and proteins, making itself an appealing ingredient as compared to artificial sweeteners, the report said.

The increasing trend of organic and healthy spreads is expected to continue giving rise to new variants and flavors in the global honey market.

Europe and Asia Pacific (including Japan) dominates the global honey market as stated by the new market research report on honey. The global honey sector is not devoid of any challenges. Honeybee losses represent one of the major challenges encountered by honey sector worldwide. Honeybees are also susceptible to threats such as environmental stress, pests and diseases, among others. Colony Collapse Disorder (CCD) leading to death and disappearance of honeybees, is another key challenge faced by the global honey sector.

Trade sitting at the comfort of home. Start with a mere 50$

Lately, the US honey sector is facing a steep decline in production volumes triggered by declining number of bee colonies, and increased costs, leading to rising honey prices. The decline of bee colonies was primarily caused by colony collapse disorder, which resulted in over 60-80% reduction of bees in many hives. Moreover, calamities such as drought and wildfire also affected the bee production and costs in the recent past. Various macroeconomic factors such as U.S. dollar depreciation and weak economic conditions also led to the price rise in the honey market.

Key players dominating the Global Honey Market include Bee Maid, Billy Bee Honey, Capilano Honey, Comvita Limited, Dabur India Limited, Dutch Gold Honey, Inc., Golden Acres Honey, Hebei Wuqiao Mtl Co., Ltd., Odem International, Inc., Rowse Honey Ltd, Shriro Pvt. Ltd., Sioux Honey Association, and Yanbian Baolixiang Beekeeping Co., Ltd, among others.

The report titled "Honey: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The study analyzes market data and analytics in terms of volume sales for regions including The United States, Canada, Europe, Asia-Pacific, Latin America, and Rest of World. (Courtesy: PRWeb)

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook