The global chestnut honey market size is expected to reach USD 894.5 million by 2022, expanding at a CAGR of 3.4%. Chestnut honey is the product of painstaking work and patience. Chestnut Honey has a dark color and a sweet, full-bodied taste with a somewhat bitter aftertaste. It is created when honeybees collect and turn nectar from chestnut trees into honey.
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The Chestnut Honey Market – Growth Factors
The global market is primarily driven by rising demand for nutritious, healthy, and natural sweeteners in the food & beverages industry. In addition, growing awareness among the population regarding the health benefits offered by this product is estimated to have boosted its consumption in recent years, which in turn led to an increase in the supply of chestnuts, thereby supporting the growth of the market. Furthermore, factors such as increasing disposable income coupled with the rising number of working women and changing lifestyles are expected to drive the market over the forecast period. Furthermore, one of the major reasons favorably affecting the market is the increased incidence of chronic illnesses like hypertension, heart disease, and cancer. Additionally, the rising demand for goods that improve health and immunity is providing producers with profitable expansion options. The country’s honey sales are rising as a result of the expanding use of honey in natural medicines. In addition, because of its antiviral, antifungal, and antibacterial qualities, chestnut honey is being used in the formulation of therapies for the treatment of cough & acute throat infections, which is boosting the market growth.
The Chestnut Honey Market – Market Trends
• The main chestnut honey producers in Europe are Spain, Italy, and France. Spain and Italy dominate the global Chestnut Honey market and have no substitute for their products.
• European companies are taking proactive steps to increase their market share by focusing on innovations and acquisitions.
• Chestnut honey is expected to experience steady growth due to its completely natural content, as consumer trends continue towards improved health alternatives.
• The increasing interest of individuals in this industry is that the major reason for the expansion of this market.
The Chestnut Honey Market – Segmentation
On the basis of product type, the Chestnut Honey market is primarily segregated into
● Extracted Honey
● Pressed Honey
● Comb Honey
On the basis of end-users/applications, the market is fragmented into
● Food and Beverage
● Food Additives
● Others
The Chestnut Honey Market –Regional Analysis
The Asia-Pacific will occupy more market share in the following years, especially in China, also in fast-growing India, and Southeast Asia regions. North America, especially the United States, will still play an important role that cannot be ignored. Any changes from the United States might affect the development trend of Chestnut Honey. Europe also plays important role in the global market, with significant market size, and will expand at a considerable market size in the future.
The major players in the market are
• Savannah Bee
• Comvita
• Rowse Honey
• The Honey
• Dalian Sangdi Honeybee
• Barkman Honey
• Capilano Honey
• Beeyond the Hive
• Bee Maid Honey
• R Stephens Apiary
• Steens
• Yanbian Baolixiang
• Golden Acres Honey
• Dabur
• Shanghai Guanshengyuan
• Billy Bee Products
• Little Bee
• HoneyLab
• Sioux Honey
• Dutch Gold Honey
• Polar-Honey
Report scope
Global Market: Historical Years- 2018-2021
Global Market: Forecast Years- 2022-2030
Global Market 2022- USD 894.5 million
Global Market CAGR- 3.4%
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- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
