Honey Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Honey Market
The honey market size was valued at USD 8.94 billion in 2023 and is expected to increase from USD 9.40 billion in 2024 to USD 15.59 billion by 2032, showcasing a compound annual growth rate (CAGR) of 6.52% during the projected period from 2023 to 2030.
Demand for honey as a food that strengthens immunity was increased by COVID-19. Following the pandemic, the market continued to rise because to the increased awareness of its antiviral qualities, particularly in the treatment of coughs and throat infections.
The honey market growth is propelled by an escalating desire for herbal sweeteners, attributed to heightened purchaser recognition concerning health and wellbeing. As individuals are searching for alternatives to refined sugars, honey emerges as an outstanding desire, driving honey market growth. Its herbal composition and perceived fitness blessings contribute to its massive role in product growth.
The expansion of honey market share is driven by the growing inclination among different industries towards organic products. The trend of customers placing a higher priority on sustainability and health helps to expand the honey business.
Comprehensive Analysis of Specialty Fertilizers Market
The honey market is witnessing substantial growth, driven by its diversified segmentation. This broadened scope allows for a comprehensive analysis of the honey market, taking into account numerous factors shaping its landscape. The market is classified by type, covering Alfalfa, Buckwheat, Wildflower, Clover, Acacia, and other varieties. Additionally, segmentation by application includes Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, and more. Furthermore, categorization by packaging encompasses Glass Jar, Bottle, Tub, Tube, and other options. This detailed segmentation fosters a deeper understanding of market dynamics and consumer preferences, bolstering the market's robust growth trajectory.
Asia Pacific leads the honey market share because of its significant market share, which is being driven by increasing production and consumption in densely populated nations with rising per capita income. It is anticipated that this dominance will remain, supporting regional market expansion.
The leading players in the honey market play a pivotal role in shaping industry growth and establishing market benchmarks, thereby influencing the trajectory of the food processing sector. These players include, Bee Maid Honey Ltd. (Canada), Comvita Ltd (New Zealand), Capilano Honey Ltd. (Australia), Dabur India Ltd. (India), Billy Bee Honey Products (Canada), Golden Acres Honey (Canada), Yamada Bee Company (Japan), New Zealand Honey Co. (New Zealand), Barkman Honey LLC (U.S.), , Dutch Gold Honey Inc. (U.S.), ., these market players provide a level-playing competitive landscape.
In January 2024, Apis India introduced organic honey sourced from certified organic lands, enhancing its position in the honey market and potentially influencing both honey market size and honey market share.
Segementation Table
Global Honey Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 6.52% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By type, By Application, By Packaging, By Region
By Type - Alfalfa
- Buckwheat
- Wildflower
- Clover
- Acacia
- Others
By Application
- Food & Beverages
- Personal Care & Cosmetics
- Pharmaceuticals
- Others
By Packaging - Glass Jar
- Bottle
- Tub
- Tube
- Others
Geography
- North America (By Type, Application, Packaging, and Country)
U.S. (By Packaging)
Canada (By Packaging)
Mexico (By Packaging)
- Europe (By Type, Application, Packaging, and Country)
Germany (By Packaging)
U.K. (By Packaging)
Spain (By Packaging)
France (By Packaging)
Poland (By Packaging)
Rest of Europe (By Packaging)
- Asia Pacific (By Type, Application, Packaging, and Country)
China (By Packaging)
Australia (By Packaging)
Japan (By Packaging)
India (By Packaging)
Rest of Asia Pacific (By Packaging)
- South America (By Type, Application, Packaging, and Country)
Argentina (By Packaging)
Brazil (By Packaging)
Chile (By Packaging)
Rest of South America (By Packaging)
- Middle East and Africa (By Type, Application, Packaging, and Country)
South Africa (By Packaging)
Turkey (By Packaging)
Saudi Arabia (By Packaging)
Rest of the MEA (By Packaging)
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview on the Honey Market
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Framework for the Market
- 4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.5. Market Analysis and Insights (in Relation with COVID-19)
- 5. Global Honey Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Alfalfa Honey
- 5.2.1.2. Buckwheat Honey
- 5.2.1.3. Wildflower Honey
- 5.2.1.4. Clover Honey
- 5.2.1.5. Alacia Honey
- 5.2.1.6. Others
- 5.2.2. By Application (Value)
- 5.2.2.1. Food and Beverages
- 5.2.2.2. Personal Care & Cosmetics
- 5.2.2.3. Pharmaceuticals
- 5.2.2.4. Others
- 5.2.3. By Packaging (Value)
- 5.2.3.1. Glass Jar
- 5.2.3.2. Bottle
- 5.2.3.3. Tub
- 5.2.3.4. Tube
- 5.2.3.5. Others
- 5.2.4. By Region (Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Honey Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Alfalfa Honey
- 6.2.1.2. Buckwheat Honey
- 6.2.1.3. Wildflower Honey
- 6.2.1.4. Clover Honey
- 6.2.1.5. Alacia Honey
- 6.2.1.6. Others
- 6.2.2. By Application (Value)
- 6.2.2.1. Food and Beverages
- 6.2.2.2. Personal Care & Cosmetics
- 6.2.2.3. Pharmaceuticals
- 6.2.2.4. Others
- 6.2.3. By Packaging (Value)
- 6.2.3.1. Glass Jar
- 6.2.3.2. Bottle
- 6.2.3.3. Tub
- 6.2.3.4. Tube
- 6.2.3.5. Others
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S.
- 6.2.4.1.1. By Packaging (Value)
- 6.2.4.1.1.1. Glass Jar
- 6.2.4.1.1.2. Bottle
- 6.2.4.1.1.3. Tub
- 6.2.4.1.1.4. Tube
- 6.2.4.1.1.5. Others
- 6.2.4.2. Canada
- 6.2.4.2.1. By Packaging (Value)
- 6.2.4.2.1.1. Glass Jar
- 6.2.4.2.1.2. Bottle
- 6.2.4.2.1.3. Tub
- 6.2.4.2.1.4. Tube
- 6.2.4.2.1.5. Others
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Packaging (Value)
- 6.2.4.3.1.1. Glass Jar
- 6.2.4.3.1.2. Bottle
- 6.2.4.3.1.3. Tub
- 6.2.4.3.1.4. Tube
- 6.2.4.3.1.5. Others
- 7. Europe Honey Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Alfalfa Honey
- 7.2.1.2. Buckwheat Honey
- 7.2.1.3. Wildflower Honey
- 7.2.1.4. Clover Honey
- 7.2.1.5. Alacia Honey
- 7.2.1.6. Others
- 7.2.2. By Application (Value)
- 7.2.2.1. Food and Beverages
- 7.2.2.2. Personal Care & Cosmetics
- 7.2.2.3. Pharmaceuticals
- 7.2.2.4. Others
- 7.2.3. By Packaging (Value)
- 7.2.3.1. Glass Jar
- 7.2.3.2. Bottle
- 7.2.3.3. Tub
- 7.2.3.4. Tube
- 7.2.3.5. Others
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Packaging (Value)
- 7.2.4.1.1.1. Glass Jar
- 7.2.4.1.1.2. Bottle
- 7.2.4.1.1.3. Tub
- 7.2.4.1.1.4. Tube
- 7.2.4.1.1.5. Others
- 7.2.4.2. U.K.
- 7.2.4.2.1. By Packaging (Value)
- 7.2.4.2.1.1. Glass Jar
- 7.2.4.2.1.2. Bottle
- 7.2.4.2.1.3. Tub
- 7.2.4.2.1.4. Tube
- 7.2.4.2.1.5. Others
- 7.2.4.3. France
- 7.2.4.3.1. By Packaging (Value)
- 7.2.4.3.1.1. Glass Jar
- 7.2.4.3.1.2. Bottle
- 7.2.4.3.1.3. Tub
- 7.2.4.3.1.4. Tube
- 7.2.4.3.1.5. Others
- 7.2.4.4. Spain
- 7.2.4.4.1. By Packaging (Value)
- 7.2.4.4.1.1. Glass Jar
- 7.2.4.4.1.2. Bottle
- 7.2.4.4.1.3. Tub
- 7.2.4.4.1.4. Tube
- 7.2.4.4.1.5. Others
- 7.2.4.5. Poland
- 7.2.4.5.1. By Packaging (Value)
- 7.2.4.5.1.1. Glass Jar
- 7.2.4.5.1.2. Bottle
- 7.2.4.5.1.3. Tub
- 7.2.4.5.1.4. Tube
- 7.2.4.5.1.5. Others
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Packaging (Value)
- 7.2.4.6.1.1. Glass Jar
- 7.2.4.6.1.2. Bottle
- 7.2.4.6.1.3. Tub
- 7.2.4.6.1.4. Tube
- 7.2.4.6.1.5. Others
- 8. Asia Pacific Honey Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast By Type (Value)
- 8.1.1.1. Alfalfa Honey
- 8.1.1.2. Buckwheat Honey
- 8.1.1.3. Wildflower Honey
- 8.1.1.4. Clover Honey
- 8.1.1.5. Alacia Honey
- 8.1.1.6. Others
- 8.1.2. By Application (Value)
- 8.1.2.1. Food and Beverages
- 8.1.2.2. Personal Care & Cosmetics
- 8.1.2.3. Pharmaceuticals
- 8.1.2.4. Others
- 8.1.3. By Packaging (Value)
- 8.1.3.1. Glass Jar
- 8.1.3.2. Bottle
- 8.1.3.3. Tub
- 8.1.3.4. Tube
- 8.1.3.5. Others
- 8.1.4. By Country (Value)
- 8.1.4.1. China
- 8.1.4.1.1. By Packaging (Value)
- 8.1.4.1.1.1. Glass Jar
- 8.1.4.1.1.2. Bottle
- 8.1.4.1.1.3. Tub
- 8.1.4.1.1.4. Tube
- 8.1.4.1.1.5. Others
- 8.1.4.2. India
- 8.1.4.2.1. By Packaging (Value)
- 8.1.4.2.1.1. Glass Jar
- 8.1.4.2.1.2. Bottle
- 8.1.4.2.1.3. Tub
- 8.1.4.2.1.4. Tube
- 8.1.4.2.1.5. Others
- 8.1.4.3. Japan
- 8.1.4.3.1. By Packaging (Value)
- 8.1.4.3.1.1. Glass Jar
- 8.1.4.3.1.2. Bottle
- 8.1.4.3.1.3. Tub
- 8.1.4.3.1.4. Tube
- 8.1.4.3.1.5. Others
- 8.1.4.4. Australia
- 8.1.4.4.1. By Packaging (Value)
- 8.1.4.4.1.1. Glass Jar
- 8.1.4.4.1.2. Bottle
- 8.1.4.4.1.3. Tub
- 8.1.4.4.1.4. Tube
- 8.1.4.4.1.5. Others
- 8.1.4.5. Rest of APAC
- 8.1.4.5.1. By Packaging (Value)
- 8.1.4.5.1.1. Glass Jar
- 8.1.4.5.1.2. Bottle
- 8.1.4.5.1.3. Tub
- 8.1.4.5.1.4. Tube
- 8.1.4.5.1.5. Others
- 9. South America Honey Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast By Type (Value)
- 9.1.1.1. Alfalfa Honey
- 9.1.1.2. Buckwheat Honey
- 9.1.1.3. Wildflower Honey
- 9.1.1.4. Clover Honey
- 9.1.1.5. Alacia Honey
- 9.1.1.6. Others
- 9.1.2. By Application (Value)
- 9.1.2.1. Food and Beverages
- 9.1.2.2. Personal Care & Cosmetics
- 9.1.2.3. Pharmaceuticals
- 9.1.2.4. Others
- 9.1.3. By Packaging (Value)
- 9.1.3.1. Glass Jar
- 9.1.3.2. Bottle
- 9.1.3.3. Tub
- 9.1.3.4. Tube
- 9.1.3.5. Others
- 9.1.4. By Country (Value)
- 9.1.4.1. Brazil
- 9.1.4.1.1. By Packaging (Value)
- 9.1.4.1.1.1. Glass Jar
- 9.1.4.1.1.2. Bottle
- 9.1.4.1.1.3. Tub
- 9.1.4.1.1.4. Tube
- 9.1.4.1.1.5. Others
- 9.1.4.2. Argentina
- 9.1.4.2.1. By Packaging (Value)
- 9.1.4.2.1.1. Glass Jar
- 9.1.4.2.1.2. Bottle
- 9.1.4.2.1.3. Tub
- 9.1.4.2.1.4. Tube
- 9.1.4.2.1.5. Others
- 9.1.4.3. Chile
- 9.1.4.3.1. By Packaging (Value)
- 9.1.4.3.1.1. Glass Jar
- 9.1.4.3.1.2. Bottle
- 9.1.4.3.1.3. Tub
- 9.1.4.3.1.4. Tube
- 9.1.4.3.1.5. Others
- 9.1.4.4. Rest of South America
- 9.1.4.4.1. By Packaging (Value)
- 9.1.4.4.1.1. Glass Jar
- 9.1.4.4.1.2. Bottle
- 9.1.4.4.1.3. Tub
- 9.1.4.4.1.4. Tube
- 9.1.4.4.1.5. Others
- 10. Middle East and Africa Honey Market Analysis, Insights and Forecast, 2019-2032
- 11. 10.1.Key Findings / Summary
- 11.1.
- 11.1.1. Market Size Estimates and Forecast By Type (Value)
- 11.1.1.1. Alfalfa Honey
- 11.1.1.2. Buckwheat Honey
- 11.1.1.3. Wildflower Honey
- 11.1.1.4. Clover Honey
- 11.1.1.5. Alacia Honey
- 11.1.1.6. Others
- 11.1.2. By Application (Value)
- 11.1.2.1. Food and Beverages
- 11.1.2.2. Personal Care & Cosmetics
- 11.1.2.3. Pharmaceuticals
- 11.1.2.4. Others
- 11.1.3. By Packaging (Value)
- 11.1.3.1. Glass Jar
- 11.1.3.2. Bottle
- 11.1.3.3. Tub
- 11.1.3.4. Tube
- 11.1.3.5. Others
- 11.1.4. By Country (Value)
- 11.1.4.1. Turkey
- 11.1.4.1.1. By Packaging (Value)
- 11.1.4.1.1.1. Glass Jar
- 11.1.4.1.1.2. Bottle
- 11.1.4.1.1.3. Tub
- 11.1.4.1.1.4. Tube
- 11.1.4.1.1.5. Others
- 11.1.4.2. Saudi Arabia
- 11.1.4.2.1. By Packaging (Value)
- 11.1.4.2.1.1. Glass Jar
- 11.1.4.2.1.2. Bottle
- 11.1.4.2.1.3. Tub
- 11.1.4.2.1.4. Tube
- 11.1.4.2.1.5. Others
- 11.1.4.3. South Africa
- 11.1.4.3.1. By Packaging (Value)
- 11.1.4.3.1.1. Glass Jar
- 11.1.4.3.1.2. Bottle
- 11.1.4.3.1.3. Tub
- 11.1.4.3.1.4. Tube
- 11.1.4.3.1.5. Others
- 11.1.4.4. Rest of ME&A
- 11.1.4.4.1. By Packaging (Value)
- 11.1.4.4.1.1. Glass Jar
- 11.1.4.4.1.2. Bottle
- 11.1.4.4.1.3. Tub
- 11.1.4.4.1.4. Tube
- 11.1.4.4.1.5. Others
- 12. Competitive Matrix
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Honey Market Ranking Analysis, By Key Manufacturer, 2023
- 13. Company Profiles
- 13.1. Bee Maid Honey Ltd.
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. Comvito Ltd.
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Dabur India Ltd.
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Golden Acres Honey
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. Dutch Gold Honey Inc.,
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. Oha Honey LP
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. Barkman Honey LLC.
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Hive and Wellness Australia Pty Ltd.
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. McCormick and Company Inc.
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. New Zealand Honey Inc.
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook