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Global Honey Market Size, Share, Outlook, Growth, Forecast: By Processing: Organic, Conventional; By Application: Food and Beverage, Personal Care and Cosmetics, Pharmaceuticals, Others; By Distribution Channels: Business to Business, Business to Consumer; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Honey Market Size
The global honey market, in terms of production value, was around 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 14.66 billion by 2032.
Honey is marketed as a natural sweetener, which finds its domestic use as a spread on bread, or as a sweetener in tea, in cooking, or baking. It is also used commercially as a sweetener in making desserts. Honey is also used as a principal ingredient in producing Mead, an alcoholic beverage.
Honey is extensively used as an immunity enhancer and the consumption and sale of honey saw a sharp upward trend during the historical period. The rising general awareness about the health benefits and medicinal properties of honey is expected to continue as one of the major growth drivers for the market. Its therapeutic properties have also been known to mankind since time immemorial.
The global honey market demand is likely to be highest in the Asia Pacific region. Asia Pacific continues to be the largest and fastest-growing market and the growth is expected to be quite robust in the coming years as well. Both China and India, the two largest global players in the region, continue to show great promise in honey production and marketing.
For example, in India, Dabur Honey, a product of the FMCG major Dabur India, recorded an impressive sale of INR 5 billion (USD 63.3 million). Countries in the Asia Pacific region are also not immune from the threat to bee populations from climate change, indiscriminate use of pesticides, and biodiversity loss. Timely action in this regard will be very much required on their part to preserve the bee population.
Another development is the growing shift towards organic honey farming. This involves the leasing of organic honey farms in villages, where honey is naturally produced through backyard beehive boxes. Such ventures are also gaining traction through social media platforms and represent a shift towards organic and sustainable food production globally.
Another interesting development in recent times has been the fight between honey producers of Australia and New Zealand over the ‘Manuka’ trademark. Manuka honey is obtained from bees, which feed on the Leptospermum scoparium plant, grown in both New Zealand and Australia. The honey enjoys a very high reputation for its medicinal properties and commands a very high price in the global market.
While New Zealand claims monopoly over the trademark ‘Manuka’, Australia has all along been disputing the claim. Given the dispute, the United Kingdom Intellectual Property Office rejected the application of the Manuka Honey Appellation Society, New Zealand, for registration of the ‘Manuka’ trademark in its name. The United States has also rejected the claim earlier.
Capilano Honey Limited of Australia has launched a new honey brand called ‘The Honey Collective’. It is a cheaper variety of honey that has been sourced from New Zealand and targets price-conscious customers.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Honey Market Analysis
8.1 Key Industry Highlights
8.2 Global Honey Historical Market (2018-2023)
8.3 Global Honey Market Forecast (2024-2032)
8.4 Global Honey Market by Processing
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Honey Market by Application
8.5.1 Food and Beverage
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Personal Care and Cosmetics
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pharmaceuticals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Honey Market by Distribution Channels
8.6.1 Business to Business
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Business to Consumer
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Type
8.6.2.3.1 Hypermarkets and Supermarkets
8.6.2.3.1.1 Historical Trend (2018-2023)
8.6.2.3.1.2 Forecast Trend (2024-2032)
8.6.2.3.2 Convenience Stores
8.6.2.3.2.2 Historical Trend (2018-2023)
8.6.2.3.2.3 Forecast Trend (2024-2032)
8.6.2.3.3 Online
8.6.2.3.3.2 Historical Trend (2018-2023)
8.6.2.3.3.3 Forecast Trend (2024-2032)
8.6.2.3.4 Others
8.7 Global Honey Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 0409)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Barkman Honey, LLC
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Dabur India Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Capilano Honey Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 African Bronze Honey Company
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 New Zealand Honey Co.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Pastili Limited
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Comvita Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 North Dallas Honey Company d/b/a Nature Nate
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Streamland Honey Group Ltd,
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Dutch Gold Honey, Inc.
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Honey Market: Key Industry Highlights, 2017 and 2021
2. Global Honey Historical Market: Breakup by Processing (KMT), 2018-2023
3. Global Honey Market Forecast: Breakup by Processing (KMT), 2024-2032
4. Global Honey Historical Market: Breakup by Distribution Channel (KMT), 2018-2023
5. Global Honey Market Forecast: Breakup by Distribution Channel (KMT), 2024-2032
6. Global Honey Historical Market: Breakup by Region (KMT), 2018-2023
7. Global Honey Market Forecast: Breakup by Region (KMT), 2024-2032
8. North America Honey Historical Market: Breakup by Country (KMT), 2018-2023
9. North America Honey Market Forecast: Breakup by Country (KMT), 2024-2032
10. Europe Honey Historical Market: Breakup by Country (KMT), 2018-2023
11. Europe Honey Market Forecast: Breakup by Country (KMT), 2024-2032
12. Asia Pacific Honey Historical Market: Breakup by Country (KMT), 2018-2023
13. Asia Pacific Honey Market Forecast: Breakup by Country (KMT), 2024-2032
14. Latin America Honey Historical Market: Breakup by Country (KMT), 2018-2023
15. Latin America Honey Market Forecast: Breakup by Country (KMT), 2024-2032
16. Middle East and Africa Honey Historical Market: Breakup by Country (KMT), 2018-2023
17. Middle East and Africa Honey Market Forecast: Breakup by Country (KMT), 2024-2032
18. Major Importing Countries by Volume (2021)
19. Major Exporting Countries by Volume (2021)
20. Major Importing Countries by Value (2021)
21. Major Exporting Countries by Value (2021)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Honey Market Structure
Key Questions Answered in the Report
The 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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