Honey Market Revenue Growth, Key Factors, Major Companies, Forecast To 2027

The global honey market held a staggering market valuation of USD 9.23 billion in 2020 and is expected to register a robust CAGR of 8.5% over the projected period. The rising consumer focus on health & nutrition, growing preferences for low-calorie and low-fat foods & beverages, and the escalating demand for honey worldwide for its effectiveness against cough and cold, immunity-boosting capability, lower GI value than sugar, are the factors indispensable for the global honey market growth. Honey contains essential nutrients and minerals, including iron, calcium, magnesium, and potassium and comprises monosaccharides like fructose (40%) and glucose (30%). Although honey is high in fructose, it has a relatively lower glycemic index (GI) value than sugar, which makes it a healthier and more wholesome sugar substitute for diabetic people.

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Honey is considered a natural sweetener and is widely used in the food & beverage industry for a variety of foods like bakery items and confectionery and sweet beverages. It is high in antioxidants and bioactive plant compounds, and moreover, it helps lower cholesterol and blood pressure levels, reduces the risks of heart attack and stroke, and has strong wound-healing and anti-bacterial properties. Hence, such health benefits associated with honey make it highly suitable for use in the food & beverage, pharmaceutical, and cosmetic & personal care industries. However, the surging prevalence of obesity and diabetes is a significant parameter expected to restrict the growth of the global honey market. A rise in adulteration practices in the commercial manufacture of honey and various health hazards associated with the consumption of toxic or impure honey are the other key factors hampering the global market growth.   

Competitive Outlook:

Under this section, the Honey industry analysis report closely investigates the competitive landscape, particularly focusing on the key strategic initiatives such as collaborations, partnerships, mergers & acquisitions, new product launches, and agreements undertaken by the leading market players. The top companies profiled in the report are:

Beeyond the Hive, Dabur India Ltd., Bee Maid Honey, Barkman Honey LLC, Streamland Biological Technology, Capilano Honey Ltd., Dutch Gold Honey Inc., and New Zealand Honey Co. 

For the purpose of this report, the global honey market has been segmented on the basis of type, application, packaging, distribution channel, and region:

By Type (Revenue, USD Billion; 2018-2028)

• Date Honey
• Flower Honey
• Linden Honey
• Buckwheat Honey
• Acacia Honey
• Others

 

By Application (Revenue, USD Billion; 2018-2028)

• Food & Beverages
• Pharmaceuticals
• Nutraceuticals
• Personal Care & Cosmetics
• Others

 

By Packaging (Revenue, USD Billion; 2018-2028)

• Glass Jars
• Plastic Bottles
• Tubs
• Tubes
• Others

 

By Distribution Channel (Revenue, USD Billion; 2018-2028)

• Supermarkets & Hypermarkets
• Convenience Stores
• Online Stores
• Others

 

By Region (Revenue, USD Billion; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key Highlights of the Report:

• Based on type, the date honey segment accounted for the highest revenue share of the global honey market in 2020. The growth of this segment is attributed to the rising global production of date honey and a surge in demand for this type of honey due to its high fiber content. On the other hand, the buckwheat honey segment is foreseen as the fastest-growing segment, with the constantly rising demand for buckwheat honey around the world due to its high content of anti-oxidants and greater nutritional value than sugar.
• Based on application, the food & beverage industry emerged as the leading segment in the global honey market in 2020 with a whopping revenue share of around 70%. The increasing applications of honey in the food & beverage industry, such as in bakery products, confectionery, and a variety of sweet non-alcoholic and alcoholic beverages is a pivotal factor propelling this segment’s growth.
• Of the key market regions, Europe stood as the leading honey market in 2020 with the largest market share. The escalating demand for honey in the region as a natural sweetener and healthier substitute for sugar in the food & beverage sector has induced the regional market growth. The Asia Pacific honey market is predicted to grow at the fastest rate over the forecast period, owing to the growing production of honey in the region, a rise in e-commerce platforms selling food & beverage items, and the increasing awareness about the benefits of organic honey.

Global Honey Market Overview:

The FMCG market is expected to gain significant traction over the forecast period, principally owing to the expanding population worldwide, fast-paced globalization, rapid urbanization, and shifting consumer preferences. Over recent years, the global market has observed rising health-consciousness among the population and growing consumer inclination towards healthier food choices. Increasing demand for natural and organic food ingredients and products, surging use of environmentally sustainable consumer goods, and rising income levels of consumers, especially in developed countries, are several other factors accountable for the robust growth of the FMCG market. 

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Key Coverage of the Report:

·         Detailed analysis of the latest market trends & opportunities and key market dynamics such as drivers, threats, challenges, and future investment prospects.

·         Market segmentation based on type, application, end-use, and region.

·         Regional and country-wise market segmentation.

·         Competitive landscape analysis.

·         Company profiling of the leading market players.

·         Pricing strategies of the regional market players.

·         Strategic recommendations for new market entrants.

·         Brief summary of the recent developments taking place in the market and strategies undertaken by key players for business growth.

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Dairy Products Market Trends, Key Players, DROT, Analysis & Forecast Till 2027

The global dairy products market was valued at 494.5 billion in 2020 and is predicted to expand with a CAGR of 2.8% during the projected period. 

Milk and other dairy parts are an essential part of the diet of many people globally. The dairy products are rich in Vitamin A, D, calcium, phosphorous, and riboflavin. As a part of a healthy diet, people often prefer low-fat, lactose, and cholesterol-free dairy products. 

The main factors driving the market for dairy products are the rising consumption of dairy products coupled with a change in customer preference to dairy products for protein supplementation.

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Lenient regulatory norms and a rise in funds from the public and private sectors are expected to surge the market for dairy products. The utilization of automation technologies in dairy farms as well advances in agriculture and animal husbandry are increasing the market expansion.  

However, better alternatives for cholesterol-free products such as almond milk, soymilk, and rice milk are the key restraints for the dairy products market. 

The global Dairy Products market is projected to account for significant revenue growth between 2021 and 2028 owing to growing demand for organic and healthy food and consumer preference for a healthy lifestyle. One of the key factors boosting market demand is the rapidly expanding population and constant demand for food and high quality food products. Increasing awareness and adoption of veganism, plant based and gluten free products, and rising demand for nutritious food and drinks is fueling global Dairy Products market revenue growth. High preference for probiotic drinks, health and energy drinks, meat free products, packaged and frozen food, growing demand for bottled and flavored water is further fueling market growth. In addition, increasing disposable income, high consumption of beverages especially in the developing countries is fueling market growth.

Key players in the dairy products market include Nestle, Royal FrieslandCampina, Amul, Danone, Dean Foods Company, Megmilk Snow brand Co. Ltd, Fonterra Co-operative, Arla Foods amba, Dairy Farmers of America, Inc. and Lactalis SA 

For this study, Reports and Data has segmented the global Dairy Products market based on Product Type, Distribution Channel, and Region:

Product Outlook (Revenue, USD Billion, 2020 - 2028)

• Cheese
• Butter
• Icecream
• Lactose-free milk
• Yogurt
• Milk
• Others

Distribution Channel Outlook (Revenue, USD Billion, 2020 - 2028)

• Online
• Convenience Stores
• Supermarkets/Hypermarkets
• Others

Regional Outlook (Revenue, USD Billion, 2020 - 2028)

• North America
• Europe
• Germany
• Asia Pacific
• Central & South America (CSA)
• Middle East & Africa (MEA) 

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Further key Findings:

• Based on the product type, the milk segment dominated the market with the highest revenue share of 32.7% and is predicted to hold its dominance during the forecast timeline from 2021 to 2028. The rising consumption of milk due to its high nutritive value is expected to drive the market at a significant rate. 
• The yogurt sector is assumed to expand at a significant CAGR during the forecast period due to the vast demand for yoghurt in Brazil, India, and China. The inclination towards flavored and sweet yoghurts is seen to increase the overall demand for the dairy products market. 
• Based on the distribution channel segment, the supermarkets dominated the market due to an increase in the number of supermarkets and consumer preference for stores has increased the demand for these supermarkets. 
• Europe led the market for dairy products and is expected to sustain its position throughout the analysis period. The growth of the market is attributed to the increasing demand for milk products such as cheese and milk desserts in this region. The high demand for clean labels and high-quality dairy products will propel the market demand. 
• Asia Pacific region is evaluated to hold the highest market share and also experience the fastest growth during the estimation period of 2021 to 2028. The sudden rise in the online distribution channels, easy access to raw material, and the rising consumer base in the APAC region is expected to surge the demand for dairy products. Additionally, the rising requirement for high-quality packaged dairy products is also expanding the market.  
• Over the past few years, North America has occupied a significant market revenue. The United States has a large market share in dairy products due to high milk and cheese intake. Also, the launch of low-fat and no sugar milk in the North American region is expected to increase milk consumption. 
• The global Dairy Products Market has many manufacturers strengthen their position through product and package innovations, mergers, acquisitions, and collaborations. Emerging market players are also introducing their products.
• PepsiCo India publicized its idea of entering the dairy market in May 2017. 
• Arla Foods amba launched its renowned yogurt product in ecological packaging to reduce the C02 emission by 30% in June 2020. 

Key Features of the Dairy Products Market Report:

·         The report offers a comprehensive analysis of the changing competitive dynamics.

·         Provides a futuristic outlook on the key market drivers and restraining factors.

·         A comprehensive 8-year forecast of the market and its expected growth rate and pattern.

·         In-depth analysis of the key product segments and application spectrum

·         Provides strategic recommendations to the established companies and new entrants to provide a competitive advantage over the other companies.

·         Comprehensive analysis of the key regions of the industry and provides a SWOT analysis and Porter’s Five Forces analysis to impart a deeper understanding of the market.

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Probiotic Cosmetic Products Market Revenue, Product Launches, Regional Share Analysis & Forecast Till 2027

The global probiotic cosmetic products market size was valued at USD 268.91 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period.

Probiotics are live microorganisms that, when administered in adequate amounts, are capable of giving health benefits to the skin by helping to balance the skin microbiota, strengthen the skin barrier to promote tissue repair, reduce sensitivity, control acne and dermatitis, fight the action of free radicals, and prevent premature aging.

The microbiome movement is gaining traction around the world as more consumers become aware how to care for the skin's microbiota. Using probiotic cosmetics has emerged as one of the best ways to care for the skin microbiome. Experts are of the opinion that taking care of the skin's microbiota is especially important at current times due to modern lifestyles with hot baths and poorly balanced diets. The delicate ecosystem of the skin undergoes constant aggressions that impair its balance, that leads to drier, inflamed skin. Such factors are working in favour for the growth of probiotic cosmetics market.

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Market Overview:
Consumer goods are finished things that are consumed by consumers rather than being used to create new products by manufacturers. Fast moving consumer goods is one of the most dependable segments because it delivers stuff that consumers use every day. This category contains low-cost items in a variety of shapes and sizes. Convenience items, shopping products, specialty products, and unsought items are the four primary categories of consumer products. These items are now available for purchase both online and in person. Fast-moving consumer goods are shipped all over the world to meet the growing demand of the world's population. In terms of consistent revenue growth, it is one of the most powerful sectors. It sells things that clients purchase directly from the company.

Probiotic cosmetic products can help reduce acne, eczema, rosacea, and chronic inflammation. Increasing awareness about probiotic as a beneficial element and concerns related to skin problems, such as damaged skin, acne, breakouts, eczema, and psoriasis, are key factor driving the market growth.

One of the restrains for the market is expected to be the high price of probiotic cosmetic products. The Coronavirus pandemic also played a considerable role in the probiotic cosmetic products industry. Though there was a dramatic decline in revenue due to shop closures and stay-home policies, skincare routine became massively popular as people had more time to indulge in such routines. Though there was a decline in makeup usage, consumers made newer discoveries regarding skincare and experimented with such products as probiotic cosmetics.  Though a decline in economy due to the pandemic does not bode well for the beauty industry, its effects are expected to be temporary.

Some of the key players operating in the global probiotic cosmetic products market are: Esse Skincare, Estee Lauder Companies, Inc., Aurelia Skincare Ltd., L’oreal S.A., Tula Life, Inc., Eminence Organic Skincare, Unilever, LaFlore Probiotic Skincare, Glowbiotics, Inc., The Clorox Co. among others.

Segments Covered in the Report
For the purpose of this study, Reports and Data has segmented the global probiotic cosmetic products market report on the basis of product, distribution channel, and region:

Product outlook (Revenue, USD Million, 2018 - 2028)

• Skin care
• Hair care

Distribution Channel Outlook (Revenue, USD Million, 2018 - 2028)

• Hypermarket & Supermarket
• Pharmacy & Drug Store
• E-commerce
• Others

Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
• Europe
• Asia Pacific
• Central & South America
• Middle East & Africa (MEA)

 

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Key Highlights from the Report:
In April 2020, Estee Lauder launched Futurist Hydra Rescue Moisturizing Makeup that is infused with Ion Charged Water, as well as probiotics and chia-seed extract which help the  skin to stay hydrated.

The skin care segment led the market and accounted for more than 90% share of the global revenue in 2019. Probiotics used as a relief ingredient against skin problems, such as acne, blemishes, wrinkles, and others, is the key factor driving the segment growth.

E-commerce distribution channel segment is however expected to gain considerable traction as e-commerce channels are known for providing considerable discounts on cosmetic products. Additionally, many consumers make the choice of buying products from online stores once they come to trust the product.

The region of North America dominated the market in 2019 and accounted for over 34% of the global share of sales. The demand for probiotic cosmetics in the area is driven by increasing concerns about acne and various skin diseases. To gain a foothold in the industry, prospective manufacturers have concentrated on product innovation

During the forecast period, Asia Pacific is projected to be the fastest-growing regional market. The regional market is expected to be guided by factors such as growing consciousness about following safe skin habits, product developments, and the need for a long-term solution to skin problems.

Key insights presented in the report:

·         Market revenue shares by major business players, by type, application, and market scope of global Probiotic Cosmetic Products market

·         Sales revenue by key players and new entrants

·         Competitive analysis of key players, including company overview, product or services specification, vendors, and buyers.

·         Recent mergers, acquisitions, product launches, recent investments, and joint ventures

·         Regional analysis to provide insight into recent trends and opportunities.

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Nutritional Yeast Market Size, Share, Key Players, Growth Trend, and Forecast, 2020–2028

The global Nutritional Yeast Market report recently published by Reports & Data has been curated through extensive research on various aspects of key trends affecting market growth. The information in the report has been compiled through elaborate cycles of primary and secondary research. The analyst experts at Reports and Data adopt industry-wide, quantitative tools and market projection methodologies to arrive at results, which makes the report informative, precise and reliable.

The study strives to evaluate the current and future growth prospects, revenue potential, untapped avenues, supply and demand, import/export, consumer demand & preference, macro- & micro-economic factors, and demand & consumption patterns in the global market based on region-wise assessment. The insights in to the industry landscape can effectively help clients make well-informed decisions for business growth strategies.

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Market Dynamics:

Increasing consumer inclination towards functional, organic and probiotic-based food & drinks is providing impetus to the growth of global food and beverage industry. Various studies have come with health benefits associated with “ethnic” and organic food products. These foods improves cardiovascular health, improves arthritis, digestive issues, and other inflammatory conditions. Consumers are gradually focusing on mindful eating and consuming food for health and wellness. Changing eating and dietary patterns of consumers is prompting brand owners and new entrants to introduce healthy foods options. Several clean-label products have been introduced in the market and consumer curiosity for new products is immense

Growing middle class consumers with rising income in developing countries such as India and China will boost food & beverage market growth. Moreover, increasing consumer preference for procuring food and beverage items from online platforms due to variety, cost and time-saving will foster market size through 2028.

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Food and beverage manufacturers across the globe are adopting various strategies to offer innovative food and beverages to cater to changing consumer demand and gain competitive edge in the global market.

Some of the key players identified across the value chain of the Nutritional Yeast market include: Lallemand, Lesaffre, Angel Yeast, Alltech, The Archer Daniels Midland Company, Chr. Hansen A/S, ABF Ingredients, Biomin.

The research report provides analysis and information as per the market segments such as product type, applications, distribution channel and geography.

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Product Type Outlook (Revenue, USD Billion; 2018-2028)

• Active Dry Yeast
• Spent Yeast
• Yeast Derivatives
• Others

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

• Supermarkets
• Hypermarkets
• Convenience Stores
• Online Stores
• Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

• Bakery
• Poultry
• Aquatic
• Livestock
• Others

 

Nutritional Yeast Market Segmentation based on Regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

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Draught Beer Market Trends, Market Share Analysis, and Forecast to 2028

Reports and Data has recently published a research report on global Draught Beer market to help user, investor understand about current market insights and make investment plans accordingly. The report offers accurate data about current market dynamics, market trends, market size, revenue growth, drivers, restraints, challenges and opportunities.  The report also offers detailed insights about market segmentation based on type, application, and regional bifurcation along with top companies. The data presented in the report is obtained from authentic sources and is verified by marker experts. The report is curated using various analysis tools such as SWOT analysis and Porter’s five force analysis.

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The global Draught Beer market is significantly expanding in terms of revenue in the recent years and is expected to register significant revenue growth over the forecast period. Rapid developments in the food and beverage industry, increasing demand for high quality food and rapidly expanding global population are some of the key factors boosting global market revenue growth. Changes in routine patterns and gradual shift to sedentary lifestyle has resulted in demand for nutritious food and healthy drinks. Factors such as increasing focus on consuming healthy food products, probiotic drinks, energy drinks, meat-free products and gluten free products and increasing focus on adopting veganism in several parts of the world are supporting global market growth. In addition, rising disposable income, increasing consumption of beverages and increasing investments by market players to develop enhanced products are further fueling market growth.

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The report further sheds light on the dominant players in the global Draught Beer market. It offers details about global position, financial standing, product and services portfolio along with company overview. The global Draught Beer market is quite competitive and consist of various players at regional and global level focusing on adopting organic and inorganic growth strategies to strengthen their market position. Top companies profiled in the report include: China Resources Snow Breweries, Pabst Brewing Co., Molson Coors Brewing Co., Tsingtao Brewing Co. Ltd., Asahi Breweries, and others such as Beijing Yanjing Brewery Co. and Kirin Holdings are other important breweries.

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Draught Beer Market Segmentation:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

·         Keg Beer

·         Cask Ale

Production Type Outlook (Revenue, USD Billion; 2018-2028)

·         Macrobreweries

·         Microbreweries

Category Type Outlook (Revenue, USD Billion; 2018-2028)

·         Premium

·         Super premium

·         Regular

The report also focuses on industry development in 5 major regions in the world including North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Regional Outlook of Draught Beer Market:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa 

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