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Report Overview
The global honey market size, in terms of production value, was around USD 9.77 billion in 2023. The market has been assessed to grow at a CAGR of 4.62% in the forecast period of 2024-2032, to reach a volume of USD 14.66 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Capilano Honey Limited- It was founded in 1953 by beekeepers in Queensland, Australia. It started as a small, cooperative group and has grown into one of the leading honey companies in Australia. The company is primarily known for its honey, including varieties like Manuka honey, organic honey, and a range of other floral varieties. They may also produce related products such as honeycomb, propolis, and royal jelly.
Capilano is known for its commitment to quality as it sources honey from thousands of beekeeping families across Australia. This broad sourcing contributes to a diverse range of honey flavours and types.
New Zealand Honey Co.- New Zealand Honey Company is a New Zealand-based venture, which is known for the word famous Manuka honey. It was established in 2006 and has been growing at a very fast pace.
Barkman Honey, LLC- It is a US-based honey company, which was founded in 1960 and is based in Kansas, United States. Its flagship brand is Busy Bee.
Dabur India Ltd- It is essentially an India-based multinational FMCG company that had begun as an enterprise producing indigenous medicines. It diversified itself in a wide range of FMCG products. Dabur Honey is one of its major offerings.
Other key players in the market include Capilano Honey Limited, African Bronze Honey Company, and Pastili Limited, among others.
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 honey market reached a production volume of 9.77 million tons in 2023.
The market is estimated to attain a volume of 14.66 million tons by 2032, expanding at a CAGR of 4.62% between 2024 and 2032.
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.
The rising awareness about the health benefits of honey has propelled the use of honey in various products and the increasing application of honey for medicinal purposes are the key trends followed in the market.
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, and Dutch Gold Honey, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124