Honey

Global Honey Market to Reach US$20.7 Billion by 2030

The global market for Honey estimated at US$13.9 Billion in the year 2024, is expected to reach US$20.7 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2024-2030. Supermarkets Distribution Channel, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$11.7 Billion by the end of the analysis period. Growth in the Specialty Stores Distribution Channel segment is estimated at 7.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.6 Billion While China is Forecast to Grow at 10.3% CAGR

The Honey market in the U.S. is estimated at US$3.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 10.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Honey Market: Key Trends & Drivers Summarized

What Factors Are Sweetening the Honey Market`s Growth?

The global honey market has been experiencing steady expansion, driven by a rising preference for natural sweeteners over processed sugars. Consumers are increasingly health-conscious, seeking alternatives that offer nutritional benefits alongside sweetness. Honey, with its antioxidant and antimicrobial properties, fits this demand perfectly.

How Is the Demand for Organic and Specialty Honey Influencing the Market?

There`s a notable surge in demand for organic and specialty honey varieties, such as Manuka and Acacia, which are prized for their unique flavors and health benefits. This trend is particularly prominent among consumers who prioritize organic and sustainably sourced products. 

Why Is the Food and Beverage Industry Buzzing About Honey?

The versatility of honey has led to its widespread adoption in the food and beverage industry. It`s used as a natural sweetener in products ranging from baked goods to beverages, appealing to consumers seeking clean-label ingredients. Additionally, the rise of functional foods has seen honey incorporated for its health-promoting properties, further driving its demand. 

What Drives the Growth in the Honey Market?

The growth in the honey market is driven by several factors reflecting evolving consumer preferences and industry dynamics. The increasing awareness of the health benefits associated with honey, such as its antioxidant properties, has bolstered its consumption. The expanding application of honey in various sectors, including cosmetics and pharmaceuticals, due to its antimicrobial and humectant properties, has opened new avenues for market growth. Furthermore, the rise in disposable incomes and changing dietary patterns have led to higher demand for premium and specialty honey products. Collectively, these drivers underscore a robust market trajectory poised for continued expansion.

SCOPE OF STUDY:

The report analyzes the Honey market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Distribution Channel (Supermarkets, Specialty Stores, Online); Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceutical)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 242 Featured) -

• Barkman Honey, LLC
• Bee Maid Honey Limited
• Capilano Honey Limited
• Dabur India Limited
• Dalian Sangdi Honeybee Co., Ltd.
• Dutch Gold Honey, Inc.
• Golden Acres Honey Products Ltd.
• HoneyLab Ltd.
• PA & SC Steens Ltd.
• Polar-Honey Finland (Lappi-Hunaja)
• Rowse Honey Limited
• Savannah Bee Company
• Sweet Harvest Foods Inc.
• Yanbian Baolixiang Beekeeping Co., Ltd.
• Zhejiang Jiangshan Bee Enterprise Co., Ltd.

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