Honey is a sweet, viscous liquid produced by bees, the most well-known of which are honey bees. Humans have valued it for millennia, not just for its delectable taste but also for its numerous health benefits and flexibility. According to honey export data, India exported honey worth US$11.95 million in 2022. However, the worldwide honey market has seen a major increase in demand in recent years, driven by a variety of factors other than its traditional usage as a sweetener. In this blog, we will look at the factors driving the global increase in honey demand.
As we all know, sugar and artificial sweeteners have become unwanted elements in food products over the last few decades due to their health-damaging effects. For a number of reasons, consumers' preference for sugar replacements, particularly natural sweeteners, has increased. One of the primary reasons is an increase in diabetic patients, as well as people suffering from obesity and high cholesterol, who are always looking for better alternatives to sugar.
Furthermore, due to its antiviral, antifungal, and antibacterial qualities, honey is increasingly being used in the creation of pharmaceuticals for the treatment of cough and acute throat infection, and scientific validation of its medicinal properties is boosting Honey Market expansion.
However, the worldwide honey market was valued at USD 8.53 billion in 2022 and is predicted to increase at a CAGR of 5.83% from USD 9.15 billion in 2023 to USD 14.21 billion by 2031.
The global COVID-19 pandemic has been unusual and astounding, with honey witnessing higher-than-expected demand across all regions when compared to pre-pandemic levels. According to our study, the global market will rise by 9.0% in 2020 compared to 2019.
Also, analyze an accurate HS Code Finder for your import and export products.
As per the global trade data, the global honey industry is predicted to reach a mind-boggling USD 12.53 billion by 2027, rising at a 5.2% CAGR.
Based on honey exporter data, global honey exports are valued at 1.13 million metric tons in 2022-23, a modest rise over the previous year. Rising demand in major importing nations such as the United States and Europe, combined with growing production in key exporting countries such as Argentina and India, drove this expansion.
However, the global honey market is a complex and dynamic one, with a wide range of players and factors influencing trade flows.
The global honey market was valued at USD 8.45 billion in 2022 and is expected to grow at a CAGR of 1.02% until 2030, reaching USD 8.98 billion. According to honey export data, India is the world's seventh-largest producer and exporter of honey. It exported 74,413.05 MT of natural honey worth US$ 163.77 million in 2021-22 and US$ 190.06 million in 2022-23 (Apr-Feb) as per India import export data.
Moreover, If you are a trader looking for updated and reliable Honey exporter data or Honey importers data, you can connect with Seair Exim Solutions. We provide export import data and HSN codes for your desired products.
Also Read: How to Start a Honey Export Business in India?
To overcome these challenges, traders need to focus on improving the quality of honey, expanding production capacity, investing in infrastructure, and gaining updated honey exporters' data from the market research platform. One of the best market research platforms is Seair Exim Solutions.
The worldwide honey market is brimming with opportunity. Rising health consciousness, combined with rising disposable incomes and creative product offers, bodes well for this golden nectar's future. Quality, authenticity, and ethical sourcing will become increasingly important as customers become more knowledgeable and brand-sensitive. So, the next time you pour honey on toast or swirl it into your tea, keep in mind that you're not only enjoying a tasty treat; you're also contributing to a worldwide market bursting with health, sustainability, and sweet potential.
Simply explore Seair Exim Solutions' data-driven dashboard to view the most recent honey export items or import items from across the world. Seair Exim Solutions is a firm that provides honey trade data and provides accurate, up-to-date, and authentic information about global trade for over 100 countries.
So, the worldwide honey market is undergoing a transformation, fueled by a combination of health-conscious consumers, shifting preferences, environmental concerns, and a desire for distinctive and high-quality goods.
You can improve your chances of success in the worldwide honey export industry by following market trends, insights, and challenges suggested in this blog. Please contact Seair Exim Solutions if you have any further questions about Honey India data, import export data, or honey export data. We'll take your company to the next level!
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