Growth is in store for the global honey market according to a new report for Grand View Research. The market size to reach U$17.34 billion by 2028 will registering a compound annual growth (CAGR) of 8.2%. A growth factor is a rising awareness to maintain a healthy lifestyle. Honey has excellent nutritional and medicinal properties. It improves body immunity, helps in weight management, and prevents blood pressure issues. It is also a rich source of antioxidants and helps in healing burn wounds and scars. Due to such properties, it is widely used in various sectors apart from F&B, such as personal care, cosmetics and pharmaceuticals.
Research also revealed that Europe was the largest regional market in 2020. This market accounted for a revenue share of more than 34% in 2020. On the other hand, Asia Pacific remains the fastest-growing regional market over the forecast period because of the expansion of the F&B sector in countries, including China, India, and Japan. (Image from Unsplash)
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