The global organic honey market is set to witness impressive growth during the forecast period, 2017 to 2022 according to a recent research report by Fact.MR. Revenue from the sale of organic honey around the world is estimated to be nearly $160 million by the end of 2022.
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The demand for organic honey has increased significantly in various industries such as cosmetics and pharmaceuticals due to its versatility and popularity as an ingredient in countless products. Organic components of honey with medicinal properties, such as hydrogen peroxide, form a basic component of various medicines that allow the treatment of various health disorders. Currently, most food products contain honey as an antioxidant, probiotic, and fermenting and clarifying agent. According to WHO, in 2016 over 1 billion people worldwide, including adults, children and infants, were obese. Changing consumer behavior has accelerated the obesity epidemic.Numerous organizations have begun to focus on raising consumer awareness of healthy eating.
However, adulteration practices by incumbents in the production of honey labeled “organic” had raised concerns among consumers about the authenticity and quality of the product. This is having a significant impact on small honey product manufacturers, resulting in a loss of consumer confidence, which in turn could hamper market expansion.
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Key players identified by Fact.MR in its report on the global organic honey market include:
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