Honey Market Synopsis

Honey Market Size is Valued at USD 8.90 Billion in 2023 and is Projected to Reach USD 14.10 Billion by 2032, Growing at a CAGR of 5.30% From 2024-2032.

Honey market is a subsidiary sector of the food and beverages industry, which addresses the honey production, processing, and sale of honey-related goods. Raw and organic honey, commercial honey, honey food products such as honey spreads, honey sauces, and honey drinks are some of the special classifications of honey. Market in this case is a shaking force that can be threatened by factors such as: consumers’ demands and trends which prefer natural and healthy sweeteners than other artificial sweeteners, availability and number of honeys producing bee colonies, honey production affected by the environmental factors. Some of the major Antonio Scarlo stakeholders are the beekeepers, honey processors, retailers, and the food manufacturers who incorporate honey in their products.

• The main trends in the global honey market include the rise of consumer consciousness about the ability of honey to improve the quality of life. Sugar is well-known on account of its sweetening ability and numerous therapeutic values, such as an antioxidant and an antimicrobial one. The increasing concern towards healthy utilization and the preference for natural and organic products rather than artificial ones is also driving the market. Also, the designation of honey as a natural supplement for diverse ailments like throat irritation and digestion complication is helping to spur its consumption.
• In addition, the increasing demand of honey in food and beverage sector is a factor that is fueling demand within the honey market. Honey is well known and widely utilized sweetener due to its natural occurring origin in many food products especially in bakery products, beverages and confectionery products. The continually changing consumer preference towards natural and clean-label food products is driving the procurement of honey by food industries. In addition, the increasing use of honey as an ingredient in beauty products such as moisturizers and acne creams because of its ability to retain moisture and has antimicrobial activity is also opening up new opportunities in the market.

Honey Market Trend Analysis

The Sticky Business of Honey, Market Trends and Insights

• The overlying global market of honey has been on the rise in the recent years due to several driving forces including; There has been a constant and consistent trend in the global consumers’ shift towards natural and organic products, there has been an increasing awareness of the health benefits of Honey, Honey can be used in many sectors including the food and beverages sector, pharmaceuticals and g身. This is because honey has been considered as great ingredients which not only as a natural sweetening agent but also with high proud content of antioxidants, vitamins, minerals and so on.
• Also, advances and growth in e-commerce channels and online stores give consumers unlimited access to several honey products from different parts of the world, which also facilitate the growth of the market. Also, the global increase of sustainable beekeeping methods and the creation of more efficient packaging also play into the opportunity side of the market. However, there is still some risks that could affect the market in future such as food adulteration where original honey has been mixed with other types of sugar and there is challenges faced by beekeepers in midst of other challenges. However, as people all over the world move toward a healthier lifestyle which includes consuming natural foods, the honey market will have a great growth within the years to come.

Nature's Golden Sweetener, Exploring the Global Honey Market

• The global honey market is on an upward trend and is expected to expand further in the future due to the growing acceptance of honey among consumers, its usage in various sectors, and the shift towards natural products. Some of the key reasons that have led to this growth include; increased demand for organic and natural products, increasing application of honey in the cosmetic and pharmaceutical industries, and as a healthier source of sweetener in food production.
• In addition, the market is highly dynamic, and there is a continuous coming up of new products such as flavoured and infused honey products to meet the new market trends. Moreover, the growth of web-based retail sales platforms is opening up new avenues for honey producers to increase market share. This is because the consumption of natural and environmentally-friendly products is expected to increase in the future, thus expanding the honey market.

Honey Market Segment Analysis:

Honey Market Segmented on the basis of type, Packaging type, and Application.

By Type, Wildflower Honey segment is expected to dominate the market during the forecast period

• The honey market has been divided into segments such as alfalfa honey, buckwheat honey, clover honey, wildflower honey, and others. Alfalfa honey is commonly consumed by people because it is characterized by its light color and relatively gentle taste. Buckwheat honey is thicker and darker in color with a taste that is described as having a strong molasses undertone, which will be suited to those who prefer a darker honey. Clover honey is the most popular type of honey, it is relatively mild with a gentle sweetness that allows it to be used for a lot of things. Wild flower honey is made from the nectar of different flowers and the flavor of honey varies depending on the geographical location and the type of flowers used to produce it. There are other varieties of honey such as manuka honey which is medicated for its microbial activity or acacia honey which is light colored and less sweet.

By Application, Food and Beverages segment held the largest share in 2024

• Honey is a versatile product that is widely used in the global market for several functions in the different industries. In the food and beverages industry, honey is used in food products that include cakes, breads, cereals, beverages, and sauces as a sweetening agent and a flavorant. It also has a preservative effect and a role in coloration of the food product. In the personal care and cosmetics segment, honey is considered as a humectant, antibacterial, and an antioxidant and therefore is used in skincare products, shampoos, and soaps. In the pharmaceutical industry, honey is incorporated in cough syrups, wound dressings, and other products for its antibacterial and anti-inflammatory properties. Some of the other uses of honey are it is used as a feed supplement for animals, a nutritional supplement and in industrial uses.

Honey Market Regional Insights:

Europe is Expected to Dominate the Market Over the Forecast period

• The European honey market is an active and competitive market where consumers increasingly favour organic and natural food products. Market main drivers of honey market in the region include; rising health consciousness, the rising trend towards natural sugar, and the growing demand for quality and sustainably sourced honey.
• Some of the emerging trends in the honey market in Europe include the following: The European honey market is now trending towards the desire for transparency and traceability, and the buyer is interested in learning where honey comes from and how it was made. This has, in turn, created a demand for organic and local honey types among consumers in the market. There is also a trend towards more specific varieties of honey, for example Manuka honey produced in New Zealand, which has a distinct taste and contains some beneficial properties.
• However, the European honey market also has its challenges, some of which are as follows: The European honey market has problems, similar to those of other markets, such as adulteration and mislabelling. In response to these issues, the relevant authorities and the business community are seeking to ensure that quality control is enhanced and certification procedures made more rigorous. In general, the European honey market can be characterized as promising for producers and suppliers providing consumers with the necessary product quality and origin that meets the requirement of modern consumers.

Active Key Players in the Honey Market

• Beeyond the Hive (United States)
• Barkman Honey LLC (United States)
• Dabur India Ltd. (India)
• Capilano Honey Ltd. (Australia)
• New Zealand Honey Co. (New Zealand)
• Streamland Biological Technology Ltd. (New Zealand)
• Oha Honey LP (New Zealand)
• Billy Bee Honey Products (Canada)
• Little Bee Impex (India)
• Dutch Gold Honey, Inc. (United States)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Honey Market by Type
 4.1 Honey Market Snapshot and Growth Engine
 4.2 Honey Market Overview
 4.3 Alfalfa Honey
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Alfalfa Honey: Geographic Segmentation Analysis
 4.4 Buckwheat Honey
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Buckwheat Honey: Geographic Segmentation Analysis
 4.5 Clover Honey
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Clover Honey: Geographic Segmentation Analysis
 4.6 Wildflower Honey
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Wildflower Honey: Geographic Segmentation Analysis
 4.7 Others
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Others: Geographic Segmentation Analysis

Chapter 5: Honey Market by By Packaging
 5.1 Honey Market Snapshot and Growth Engine
 5.2 Honey Market Overview
 5.3 Glass Jars
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Glass Jars: Geographic Segmentation Analysis
 5.4 Plastic Bottles
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Plastic Bottles: Geographic Segmentation Analysis
 5.5 Squeeze Bottles
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Squeeze Bottles: Geographic Segmentation Analysis
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Geographic Segmentation Analysis

Chapter 6: Honey Market by Application
 6.1 Honey Market Snapshot and Growth Engine
 6.2 Honey Market Overview
 6.3 Food and Beverages
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Food and Beverages: Geographic Segmentation Analysis
 6.4 Personal Care and Cosmetics
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Personal Care and Cosmetics: Geographic Segmentation Analysis
 6.5 Pharmaceuticals
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Pharmaceuticals: Geographic Segmentation Analysis
 6.6 Others
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Honey Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 BEEYOND THE HIVE(UNITED STATES)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 BARKMAN HONEY LLC(UNITED STATES)
 7.4 DABUR INDIA LTD(INDIA)
 7.5 CAPILANO HONEY LTD(AUSTRALIA)
 7.6 NEW ZEALAND HONEY CO(NEW ZEALAND)
 7.7 STREAMLAND BIOLOGICAL TECHNOLOGY LTD(NEW ZEALAND)
 7.8 OHA HONEY LP(NEW ZEALAND)
 7.9 BILLY BEE HONEY PRODUCTS(CANADA)
 7.10 LITTLE BEE IMPEX(INDIA)
 7.11 DUTCH GOLD HONEY
 7.12 INC(UNITED STATES)
 7.13 OTHER CTIVE PLAYERS

Chapter 8: Global Honey Market By Region
 8.1 Overview
 8.2. North America Honey Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Type
   8.2.4.1 Alfalfa Honey
   8.2.4.2 Buckwheat Honey
   8.2.4.3 Clover Honey
   8.2.4.4 Wildflower Honey
   8.2.4.5 Others
  8.2.5 Historic and Forecasted Market Size By By Packaging
   8.2.5.1 Glass Jars
   8.2.5.2 Plastic Bottles
   8.2.5.3 Squeeze Bottles
   8.2.5.4 Others
  8.2.6 Historic and Forecasted Market Size By Application
   8.2.6.1 Food and Beverages
   8.2.6.2 Personal Care and Cosmetics
   8.2.6.3 Pharmaceuticals
   8.2.6.4 Others
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Honey Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Type
   8.3.4.1 Alfalfa Honey
   8.3.4.2 Buckwheat Honey
   8.3.4.3 Clover Honey
   8.3.4.4 Wildflower Honey
   8.3.4.5 Others
  8.3.5 Historic and Forecasted Market Size By By Packaging
   8.3.5.1 Glass Jars
   8.3.5.2 Plastic Bottles
   8.3.5.3 Squeeze Bottles
   8.3.5.4 Others
  8.3.6 Historic and Forecasted Market Size By Application
   8.3.6.1 Food and Beverages
   8.3.6.2 Personal Care and Cosmetics
   8.3.6.3 Pharmaceuticals
   8.3.6.4 Others
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Honey Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Type
   8.4.4.1 Alfalfa Honey
   8.4.4.2 Buckwheat Honey
   8.4.4.3 Clover Honey
   8.4.4.4 Wildflower Honey
   8.4.4.5 Others
  8.4.5 Historic and Forecasted Market Size By By Packaging
   8.4.5.1 Glass Jars
   8.4.5.2 Plastic Bottles
   8.4.5.3 Squeeze Bottles
   8.4.5.4 Others
  8.4.6 Historic and Forecasted Market Size By Application
   8.4.6.1 Food and Beverages
   8.4.6.2 Personal Care and Cosmetics
   8.4.6.3 Pharmaceuticals
   8.4.6.4 Others
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Honey Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Type
   8.5.4.1 Alfalfa Honey
   8.5.4.2 Buckwheat Honey
   8.5.4.3 Clover Honey
   8.5.4.4 Wildflower Honey
   8.5.4.5 Others
  8.5.5 Historic and Forecasted Market Size By By Packaging
   8.5.5.1 Glass Jars
   8.5.5.2 Plastic Bottles
   8.5.5.3 Squeeze Bottles
   8.5.5.4 Others
  8.5.6 Historic and Forecasted Market Size By Application
   8.5.6.1 Food and Beverages
   8.5.6.2 Personal Care and Cosmetics
   8.5.6.3 Pharmaceuticals
   8.5.6.4 Others
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Honey Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Type
   8.6.4.1 Alfalfa Honey
   8.6.4.2 Buckwheat Honey
   8.6.4.3 Clover Honey
   8.6.4.4 Wildflower Honey
   8.6.4.5 Others
  8.6.5 Historic and Forecasted Market Size By By Packaging
   8.6.5.1 Glass Jars
   8.6.5.2 Plastic Bottles
   8.6.5.3 Squeeze Bottles
   8.6.5.4 Others
  8.6.6 Historic and Forecasted Market Size By Application
   8.6.6.1 Food and Beverages
   8.6.6.2 Personal Care and Cosmetics
   8.6.6.3 Pharmaceuticals
   8.6.6.4 Others
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Honey Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Type
   8.7.4.1 Alfalfa Honey
   8.7.4.2 Buckwheat Honey
   8.7.4.3 Clover Honey
   8.7.4.4 Wildflower Honey
   8.7.4.5 Others
  8.7.5 Historic and Forecasted Market Size By By Packaging
   8.7.5.1 Glass Jars
   8.7.5.2 Plastic Bottles
   8.7.5.3 Squeeze Bottles
   8.7.5.4 Others
  8.7.6 Historic and Forecasted Market Size By Application
   8.7.6.1 Food and Beverages
   8.7.6.2 Personal Care and Cosmetics
   8.7.6.3 Pharmaceuticals
   8.7.6.4 Others
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research