Pakistan Honey Market to Grow at an impressive CAGR of 10.41% During the Forecast Period
Increasing demand for honey across various industries is
expected to drive the growth of Pakistan Honey Market.
According
to TechSci Research report, “Pakistan Honey Market- By Region,
Competition, Forecast & Opportunities, 2017-2027F” Pakistan
Honey market stood at USD254.14 million in 2021 and is expected to grow at an
impressive rate of 10.41% during the forecast period on account of growing
demand for honey across the food & beverage industry for manufacturing honey-based
biscuits, cookies, spreads, syrups, beverages, among others.
Pakistan
Honey Market is driven by the increasing adoption and advancements in beekeeping
and apiculture techniques in the country to improve the quality and quantity of
honey produced. Additionally, the growing demand for Sidr honey produced in
Pakistan in GCC countries is further expected to support the market growth
during the forecast period. Besides, increasing use of honey across the
pharmaceutical industry on account of its antimicrobial, antifungal, and
immunomodulatory properties is further expected to bolster the market growth.
Also, honey is used as a home remedy for the treatment of cold and cough,
pimples & acne, stomach & intestinal problems, among others. However,
significant weather changes coupled with increasing deforestation are expected
to hamper the market growth. Also, honeybee predators can harm the honey bee
population, thereby restricting the market growth through 2027.
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The
Pakistan Honey market is segmented based on product, type, pack size,
packaging, distribution channel, application, region, and company. In terms of
product, the market can be categorized into Natural/Organic Honey and Processed
Honey. Natural/Organic Honey segment dominated the market in 2021 with an
overall market share of around 82.26% since most of the demand and consumption
in Pakistan is of natural/organic honey only. Honey is available in different
pack size across Pakistan. Out of this the three most popular pack sizes
include 500gm, 1000gm and Above and 200-250gm. The 500gm pack size is expected
to dominate the Pakistan Honey Market during the forecast period since most of
the companies operating through different channels in Pakistan are offering
their honey in this pack size. Also, the consumers across the country prefer
this pack size. The 1000gm and Above pack size is majorly preferred for exports
or shipping honey across different provinces within Pakistan.
Leading
Companies in the Pakistan Honey market include:
- Natural Swat Bee Honey
- Simply the Great Food
- Forest Honey
- Shifaheillahi Natural Honey
- Nature's Store
- My Honey
- Organic Honey
- Sunbulah Group (Al-Shifa Honey)
- Buzzin Beez
- Pakeeza Honey Center
The
Pakistan honey market is highly fragmented with some established honey
manufacturing companies. The market is being dominated by leading companies
such as Natural Swat Bee Honey, Simply the Great Food, Forest Honey,
Shifaheillahi Natural Honey. There are a lot of online honey stores as well
that have tied up with beekeepers in Pakistan.
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“Pakistan Honey Market is expected to
witness significant growth through 2027 on account of the growing popularity of
honey produced in Pakistan in different parts of the world. Additionally, China
is supporting Pakistan in improving the quality of its honey by providing
knowledge and help with respect to advanced apiculture techniques. Also, the
government of Pakistan is launching initiatives and scheme to support the Honey
Industry across the country and generate honey as an income source for the
Pakistani population.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based Global management consulting firm.
“Pakistan
Honey Market By Product (Natural/Organic Honey v/s Processed Honey), By Type
(Acacia, Sidr, Orange Blossom, Ajwain, Clover, Others), By Pack Size
(200-250gm, 500gm, 1000gm & Above), By Packaging (Jar, Bottles, Pouch,
Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Stores,
Online, Others), By Application (Food & Beverage, Personal Care &
Cosmetics, Pharmaceuticals, Others), By Region, Competition Forecast &
Opportunities, 2017-2027”, has evaluated the future growth
potential of Pakistan Honey Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Pakistan Honey Market.
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