03 MARKET RESEARCH
Key players in the honey industry
Key factors driving the market
- Consumer shift towards nutritious, natural alternatives to sugar
- Traction towards healthy sped, drinks, cereal
- Home remedy for ailments (respiratory tract infections)
- Cuisine preparation
Opportunity Areas
- Poller, propolis, royal jelly and bee venom marketable items
- New structure to support honey harvest e.g. educational trips to farms
Security and Recognition
- 8% Growth rate from 2019 to 2025, reaching 14.43 billion USD by 2025 Beneficial for landless farmers - currently approx. 250,000 employed
- Potential status of farmers given by government
- An overlooking body Honey and Pollinators Board of India under Ministry of Agriculture and Farmers' Welfare