Global Honey Food Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2024-2032)

Global Honey Food Market Outlook

The global honey food market is expected to grow at a CAGR of 4.2% during the period 2024-2032. North America, Europe and Asia are expected to be key markets.

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Global Market Likely to be Driven by Health Benefits and Medicinal Uses of Honey

Honey is a by-product of floral nectar and the honey bee's upper aerodigestive tract, which is concentrated inside the bee hive via a dehydration process. Honey's complex chemical composition changes with the botanical source. Honey has traditionally been used as food as well as medicine.

Apart from its significant place in traditional medicine, natural honey has been the topic of laboratory and clinical research over the last few decades and found a place in modern medicine. Honey has been shown to prevent the growth of approximately 60 kinds of bacteria, certain fungi, and viruses. Honey's antioxidant activity is critical in a variety of diseases; it is a result of a diverse array of chemicals, including phenolics, peptides, organic acids, enzymes, and Maillard reaction products. Honey has further been employed to treat certain gastrointestinal, cardiovascular, inflammatory, and neoplastic conditions.

Health Benefits and Uses in Cosmetics Expected to Boost the Global Honey Food Market

Honey largely comprises fructose and glucose; it also contains fructo-oligosaccharides, and a variety of amino acids, vitamins, minerals, and enzymes. Honey's composition varies with plants on which the bees forage. Almost all natural honey, on the other hand, contains flavonoids (such as apigenin, pinocembrin, kaempferol, quercetin, galangin, chrysin, and hesperetin), phenolic acids (such as ellagic, caffeic, p-coumaric, and ferulic acids), ascorbic acid, tocopherols, catalase (CAT), superoxide dismutase. The majority of these compounds work synergistically to generate an antioxidant effect.

Honey comes in a range of colour grades and is available raw or pasteurised. It has an average sugar content of roughly 80%. Consuming raw honey has been shown to help with seasonal allergies in certain studies, and honey has also been shown to aid wound healing in others. Honey may help heal burn injuries; defensin-1 protein in honey has been found to promote wound healing. People today are increasingly

Several products such as face creams, deodorants, and shampoos contain honey in different amounts.

India and China among Major Honey Producers; Global Demand for Honey has been Increasing Over the Years

Key honey producing nations include China, India, Mexico, USA, Argentina, Ukraine, Turkey, and Russia, among others. The global demand for honey has increased significantly over the last few years, led by USA.

In India, beekeeping has been practised traditionally. Various types of raw honey produced in India include Rapeseed / Mustard Honey, Eucalyptus Honey, Lychee Honey, Sunflower Honey, Karanj / Pongamea Honey, Multi-flora Himalayan Honey, Acacia Honey, Wild Flora Honey, Multi and Mono-floral Honey. A significant percentage of the honey produced in India is exported to countries such as USA, Saudi Arabia, UAE, Morocco, Bangladesh, and Canada, among others.

The honey industry is strong in the USA. Locally produced honey and specialty honey have witnessed increasingly strong markets. Premium prices may usually be demanded for honey produced from the nectar of trees like tulip, sourwood, and basswood. In light of these facts, it is expected that the global honey food market would grow during the forecast period.

EU a Major Honey Producer

In all European Union nations, beekeeping is practiced and characterised by varied production conditions, yields and beekeeping practices. The EU is a major honey producer, but also imports honey. Romania, Spain, Hungary, Germany, Italy, Greece, France and Poland are some key European Union countries with largest honey production.

Market Segmentation

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By nature, the market is segmented into:

• Organic
• Conventional

By type, the market is divided into:

• Table Honey
• Cooking Ingredient Honey

By distribution channel, the market is classified into:

• Hypermarkets and Supermarkets
• Convenience Stores
• Online
• Others

By region, the market is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Industry Players in the Global Honey Food Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Capilano Honey Ltd.
• Barkman Honey, LLC
• Comvita Limited
• Pastili Limited
• Dabur India Ltd.
• Bee Maid Honey Limited
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
 

Key Highlights of the Report

Honey Food Market Report Snapshots

Honey Food Market Size

Honey Food Companies