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Michigan Ag News Headlines |
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Organic Honey Market: New Products to Boost Growth
Michigan Ag Connection - 06/01/2020
Technavio has been monitoring the organic honey market and it is poised to grow by $611.1 million during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Organic Honey Market.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Comvita Ltd., Dutch Gold Honey, Langnese Honig GmbH & Co., Little Bee Impex, Madhava Honey Ltd., Manuka Health New Zealand, Nature Nate's, Rowse Honey Ltd., Wedderspoon Organic Inc., and Y.S. Organic Bee Farms are some of the major market participants. The new product launches will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
New product launches have been instrumental in driving the growth of the market.
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