Honey Market Poised to Grow at A CAGR Over 6.85% during the forecast period
Overview The global honey market will grow at a CAGR of 6.85% during the forecast period 2021 to 2028. The market for honey is set to reach USD 14.60 Billion by 2028.. As per market analysts, the global market is anticipated to witness growth owing to the factors such as the shifting consumer mindset to safer, nutritional replacement for sugar as well as the growing adoption of honey as a sugar substitute. However, the market will face challenges and restraints due to the growing prevalence of diabetes and concerns regarding the sugar profile of honey during the forecast period 2017 to 2023. The huge beneficial medicinal impact in the market will support the growth. As per market analysts, the honey market based companies will face certain challenges during the forecast period 2017 to 2023. The market research report provides in-depth analysis of the type, application, and packaging segments. The market research report presents factors such as the hampering effect of drinking honey...