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Report Overview
The global honey market size, in terms of production value, was around USD 9.77 Billion in 2024. The market has been assessed to grow at a CAGR of 4.62% in the forecast period of 2025-2034, to reach a value of USD 15.35 Billion by 2034. The global honey market size has been expanding steadily, driven by the increasing demand for nutritional ingredients in daily diets. Honey is packed with essential vitamins, minerals, and calcium, making it a preferred natural alternative to artificial sweeteners. Rich in antioxidants, it is widely used in nutritious food products, supporting a healthy lifestyle. The COVID-19 pandemic further boosted honey consumption due to its antibacterial, antiviral, and anti-fungal properties. It has long been used in medicine to treat acute cough, throat infections, and even as a remedy for corona-infected patients. The medicinal and dietary benefits of honey continue to influence consumer preferences, shaping the market’s future expansion.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Key Companies & Market Share Insights
- In November 2024, Comvita, based in New Zealand, introduced a premium range of Manuka honey products in response to the rising demand for honey that is supplied responsibly and of superior quality. Stronger traceability elements included in the new line's certification give customers more information about the product's origin and manufacturing processes.
- In October 2024, Honeywell increased its global footprint by purchasing a significant Brazilian honey source. By enhancing its distribution networks and diversifying its line of conventional and organic honey products, this acquisition enables Honeywell to take advantage of the expanding South American market.
- In May 2024, The Honey Bee Health Initiative received an additional USD 1 million from the Canadian government to help increase the competitiveness and resilience of beekeeper operations in Ontario. The extra funds will assist more beekeepers in Ontario in better safeguarding their colonies throughout the winter and defending against exotic pests like varroa mites, which are a major hazard to the health of honeybees.
- In March 2023, Bagrry's Organic Wild Honey was introduced by Bagrrys India, a well-known morning cereal and health food brand in India. By entering the premium honey and preserves market, the company hopes to improve the complete experience of eating organic honey that is 100% natural by offering a healthy and nourishing alternative, therefore enhancing the health and wellbeing of its customers. The company is expanding its product line into new markets with this launch.
- In July 2022, Dabur India through its subsidiaries has acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for about Rs 51 crore. Dabur held 76 per cent stake in the firm before acquisition through its subsidiary Dabur International, while the remaining 24 per cent was held by Advanced Chemical Industries, the company said in a regulatory filing.
Some of the key players operating in the global honey market include:
- Barkman Honey, LLC
- Dabur India Ltd
- Capilano Honey Limited
- African Bronze Honey Company
- New Zealand Honey Co.
- Pastili Limited
- Comvita Ltd.
- North Dallas Honey Company d/b/a Nature Nate
- Streamland Honey Group Ltd
- Dutch Gold Honey, Inc.
- Beeyond the Hive
- Oha Honey LP
- Billy Bee Honey Products
- Little Bee Impex
Honey Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The size of honey market reached a production value of USD 9.77 Billion in 2024.
The market is estimated to attain a value of USD 15.35 Billion by 2034, expanding at a CAGR of 4.62% between 2025 and 2034.
The market is driven by the growing demand for honey in various personal care products and increasing investments by market players to meet the demand.
Key opportunities in the global honey market include expanding demand for organic honey, rising health-conscious consumers, and the growing trend of natural sweeteners in food and beverages, along with innovations in honey-based skincare products.
The regional markets for the global honey market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The types of processing available in the honey market include organic and conventional.
Honey finds extensive applications in food and beverage, personal care and cosmetics, pharmaceuticals, among others.
The distribution channels for honey include business to business and business to consumer. The business to consumer segment can be further bifurcated into hypermarkets and supermarkets, convenience stores, and online, among others.
Honey is known to provide antidepressant, anticonvulsant, and anti-anxiety benefits. It also has a rather lower glycemic index compared to sugar and does not affect the blood sugar levels as much.
The key players in the market include Barkman Honey, LLC, Dabur India Ltd, Capilano Honey Limited, African Bronze Honey Company, New Zealand Honey Co., Pastili Limited, Comvita Ltd., North Dallas Honey Company d/b/a Nature Nate, Streamland Honey Group Ltd, Beeyond the Hive, Oha Honey LP, Billy Bee Honey Products, Little Bee Impex, and Dutch Gold Honey, Inc., among others.
The food and beverage industry dominates the global honey market, where it serves as a natural sweetener, often used as an additive in confectionery products, beverages, and baked goods.
Companies like New Zealand Honey Co., Comvita, and Dutch Gold Honey dominate the global honey market, with Comvita holding a significant share due to its strong distribution networks, brand reputation, and premium honey offerings.
Factors driving growth include increasing demand for natural and organic products, while market restraints involve issues like honey adulteration, fluctuating raw material prices, and environmental factors such as climate change affecting honey production.
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