The syrupy sweetness of honey makes it a popular and healthier substitute for sugar, and a tasty treat on its own. Honey cannot be produced artificially and is made by bees which collect nectar from pollinating flowers. In addition, since microorganisms don’t grow in honey, a sealed container of honey is unlikely to spoil, even thousands of years later. The demand for honey has grown exponentially in recent years, as consumers grow more health conscious and disposable income levels rise.
Based on the honey market forecast, the largest market for honey is the Asia Pacific, which is also the fastest growing market with a compound annual growth rate (CAGR) of 5.2 percent till the year 2020. At a global level, the key honey producing regions are China, India, Turkey, Europe, and the U.S., accounting for over 60 percent of the production of honey globally. The U.S., Japan, and Germany are leading importers of honey while China, India, and Argentina are the main exporters.[Read more…]