GCC Honey Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “GCC honey market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the GCC honey market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The GCC honey market is projected to exhibit a growth rate (CAGR) of 6.50% during 2023-2028. The increasing urbanization and income levels, expanding retail sectors, rapid growth in the tourism and hospitality sectors, increasing beekeeping initiatives, augmenting demand for natural and organic products, increasing product adoption due to cultural and traditional use, and rising government support represent some of the key factors driving the market.
Honey is a viscous sweetener produced by bees from the nectar of flowering plants. It contains certain enzymes that produce hydrogen peroxide, which gives it antibacterial qualities. It absorbs moisture from the air, which affects its consistency and preservation. It also includes vitamins, minerals, and antioxidants, which makes it a nutritious sweetener. It helps soothe a sore throat and cough, improves digestion, and alleviates gastrointestinal issues. Its antibacterial and anti-inflammatory effects aid in wound healing. It is widely used as a sweetener in cooking, baking, sauces, dressings, and beverages. Besides this, its moisturizing and antioxidant properties make it an essential ingredient in formulating natural skincare products, which is increasing its utilization across the GCC region.
GCC Honey Market Trends and Drivers:
The rising awareness of the health benefits associated with honey, such as its antioxidant and antibacterial properties, is resulting in the escalating demand for honey. Additionally, the expansion of supermarkets, hypermarkets, and specialty stores in the region is offering a favorable market outlook. Furthermore, there is a growing trend in the GCC for gourmet and artisanal foods, including unique types of honey, such as monofloral and infused varieties, which is positively influencing the market. Moreover, some governments within the GCC region are taking initiatives to support local beekeeping and honey production. This includes funding, training, and regulations that favor local producers.
The report segmented the market on the basis of region, type, application, and distribution channel.
Type Insights:
- Alfalfa Honey
- Date Honey
- Buckwheat Honey
- Acacia Honey
- Clover Honey
- Linden Honey
- Others
Application Insights:
- Food and Beverages
- Personal Care and Cosmetics
- Pharmaceutical
- Others
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Country Insights:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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