SHERIDAN, WYOMING, USA, Jan 4, 2022 /EINPresswire.com/ – According to recent IMARC Group study, titled âIndian Honey Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022- 2027 â, the Indian honey market reached a value of INR 21.1 billion in 2021. Honey is a thick, golden and sweet liquid processed by bees with the nectar of flowering plants. It has antibacterial, antimicrobial, antioxidant and anti-inflammatory properties, and contains nutrients like vitamin B6, thiamine, niacin, pantothenic acid, and riboflavin. For this reason, honey helps strengthen the immune system, prevent cancer, improve cholesterol levels, nourish the skin, and boost memory. As a result, it is widely used in the production of pharmaceutical, cosmetic and food products. As beekeeping is one of the oldest agricultural activities practiced in India and considered to be an integral part of the economy, the Indian honey market has a strong presence in the country.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Due to the great floral diversity and the availability of a variety of bee forages, the honey industry offers lucrative opportunities for manufacturers to produce a variety of honey flavors like tulsi, ajwain, l ‘eucalyptus and jamun. This, combined with the growing popularity of online retail stores in the country, is propelling the growth of the honey market. In addition, the Indian government offers training programs and advisory and mentoring services to educate farmers on the latest beekeeping practices, thereby boosting honey production in the country. For example, the government has launched the ‘Development of Beekeeping for Improved Crop Yields’, a program that helps organize training and awareness programs for beekeepers and supports the establishment of processing factories. honey. Due to these factors, the market is expected to reach a value of INR 38.3 billion by 2027, registering a CAGR of 10.31% in 2022-2027.
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Key market segmentation:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
â¢ Apis India
â¢ Emami Limited
â¢ Hitkary Pharmacy Private Limited
â¢ Reliance Retail Limited
â¢ Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
â¢ Kejriwal Bee Care India Pvt. Ltd.
â¢ Bharat honey
â¢ Under the mango tree
Breakdown by flavor:
â¢ Multiflora honey
â¢ Eucalyptus honey
â¢ Ajwain honey
â¢ Sidr honey
On the basis of aromas, multiflora honey is the most popular type of honey aroma in India. The other main types of flavors include eucalyptus honey, ajwain honey, sidr honey, and others.
Breakdown by seasonality:
â¢ the fall and spring season
â¢ summer and monsoon
Based on seasonality, the report finds that the fall and spring seasons dominate the market. They are followed by the winter, summer and monsoon seasons.
Breakdown by distribution channel:
â¢ Business to consumer
â¢ Business to business
On the basis of distribution channels, the market has been classified into business-to-consumer and business-to-business segments. Currently, the business-to-consumer segment represents the largest distribution channel.
Breakdown by State:
â¢ Tamil Nadu
Based on the states, Maharashtra holds the leading position in the market as most of the manufacturing facilities are located within the state. Some of the other major markets include Tamil Nadu, Karnataka, Punjab, and Rajasthan.
Highlights of the report:
â¢ Porter’s five forces analysis
â¢ Market drivers and success factors
â¢ SWOT analysis
â¢ Value chain
â¢ Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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