Reports
Reports
Sale
Rising Awareness of the Benefits of the Product
Rising awareness of the benefits of honey, the adverse side effects of industrially produced cane sugar and the consequent growing preference for natural sweeteners is likely to have a salutary effect on the honey market growth. Due to the adverse effects of the pandemic, there was a renewed awareness of the health and medicinal benefits of honey, particularly as an immunity enhancer. It promotes regular use of honey as a part of daily food. This awareness is likely to act as a key driver for market growth.
Rising Use as a Home Remedy
Honey has been quite popular as a part of home remedies for many common health problems like cough and cold, foot sores in diabetic people, cold sores, sores and ulcers in mouth and gums caused by herpes virus, among others. Also, there are a large number of Ayurvedic medicines that use honey as an ingredient.
Rising Uses in Medicines
Honey finds its use in many Allopathic medicines. Honey preparations are used for treating burns, coughs, colds, and dry eyes, among other problems. Melcare Biomedical is an Australian company that has been specialising in medicines using the therapeutic benefits of honey. It has developed many medicines for treating symptoms of the common cold, eye care, wound and skin care, and nasal care. There has been an increased preference for medicines using natural products, therapeutic use of honey is likely to be on a consistent growth path and act as a key driver.
Increased Use in Personal Care Products
The use of honey in various beauty and body care products is gaining significant traction. Such products include honey-based face masks, face moisturisers, lip balms, body wash, hand and body lotions, shampoos, and moisturising wipes, among others. Such products are marketed under brands like Kara, Palmer’s, The Body Shop, Vaadi Herbals, VLCC, Biotique, Innisfree, and Dear Packers, among others. There is a discernible rising trend towards the use of beauty products based on natural ingredients in preference to industrially manufactured chemicals.
One of the major honey market trends is the fast growth of the organic honey segment vis-a-vis the entire market. It is because of the general preference for organic products among the upper crust of consumers, who can afford higher prices of organic products and among those who are environmentally more conscious. As such consciousness will keep on growing, the organic honey segment needs to be keenly observed.
Rising Initiatives and Programs by Different Governments
There is a growing realisation all over the world regarding the role played by bees in human nutrition through pollination. Flowers and food crops depend on pollination and any threat to bees is a threat to global food security and nutrition. This realisation will propel governments towards affirmative action to protect bees from extinction.
In India, one such initiative by the Central Government is the National Honey and Beekeeping Mission, which is part of an ambitious vision of the government called ‘Sweet Revolution that aims at promoting apiculture for accelerating the production of quality honey and other related products. In China, there are government projects for providing bee habitat on a large scale. Such initiatives by governments will help protect and expand bee habitats and are likely to be growth drivers.
The report aims to analyse the impact of various growth drivers, including the segments and subsegments within them, to assess their impact on the growth of the market, separately as well as cumulatively.
Rising Awareness about the Benefits to Garner More Consumers
The sharp increase in imports could be attributed to higher consumption during the peak pandemic period due to an increase in general awareness about honey as a natural immunity enhancer. The imprint of this awareness is likely to continue in the post-pandemic phase as well, giving an upward push to the market. Apart from this, other growth drivers discussed above will also act cumulatively to promote the market globally.
Better Organisation of the Sector and Rising Investments
Organic honey commands a much higher price and is likely to offer relatively better growth opportunities. Beekeepers form the core of honey production, but they do not constitute an organised sector. Beekeeping is mostly a cottage and micro-entrepreneurial activity but the rising demand for honey is necessitating higher production of good quality honey. This, in turn, provides vast opportunities for big investors to invest in upscaling and organising beekeeping as an organised, technology-driven, commercial activity at a lower cost. It is certainly an area of interest for entrepreneurs.
The report examines in detail, various opportunities that are coming in the way of beekeepers, companies in the business of production and marketing of honey and honey-based products, exporters, and prospective investors in the business.
Climate Change
While the honey demand in the world is constantly surging; the supply side is facing certain challenges. One such challenge is posed by the increased threat to bee colonies in various parts of the World due to the cumulative effect of climate change, indiscriminate use of pesticides, attacks by pests and biodiversity loss. The silver lining is that various governments and multilateral organisations like the Food and Agriculture Organisation are trying to combat these challenges and mulling over strategies to meet them.
Rising Availability of Duplicate Honey
Another major challenge is posed by duplicate honey that is literally flooding the market. It is believed that honey is the third most faked food in the world after milk and olive oil. This fake honey is usually a highly processed form of a mixture of a small quantity of real honey with a low-cost sugary syrup derived from corn, rice, and sugarcane, among others. It offers none of the health benefits of real honey but all the disadvantages that can be associated with sugar.
Faking of honey has achieved a very high level of adulteration and it is usually difficult tell real honey from its fake counterpart without advanced chemical analysis. Unfortunately, even reputed brands are also indulging in such nefarious activities.
Higher Prices of Organic Honey
Organic honey is extremely expensive as compared to fake honey, which makes it less affordable to the population. Due to the price advantage that fake honey enjoys over real honey, it can make the survival of real honey extremely difficult. It has the potential to create a crisis of credibility among consumers, who cannot differentiate between real and fake honey and may begin to distrust both. Fake honey may not cause much damage in the short term, but it is a real challenge to the survival of real honey in the long run. Major brands will have to continuously strive to protect the credibility of their brands and earn and retain the confidence of consumers and other stakeholders.
Disrupted Production to Hinder the Market Growth
As per the recent reports from Canada, beekeepers have been facing serious problems. In Alberta, cold weather wiped out hundreds of honeybee colonies and in Saskatchewan, beekeepers reported higher than usual mortality rates among bees during the current year, which significantly affected the production volume in the region.
Recent reports regarding honey production have not been very encouraging from France as well. Last year, due to cold, wet, and windy conditions, many regions of the country suffered from frost, it adversely affected honey production. Even otherwise, the country has seen a consistent decline in honey production for many years, except in 2014 and 2020.
News from Zimbabwe is also alarming. Thanks to climate change, indiscriminate use of pesticides, habitat loss and poor bee colony management, honeybees in the country are being gradually pushed to extinction. Steps are afoot to reverse the trend.
Zimbabwe may not be alone. Last year, Jose Graziano da Silva, former Director General of the Food and Agriculture Organisation warned the world that bees were facing an existential threat due to the cumulative effect of climate change, indiscriminate use of pesticides and biodiversity loss. May 20 is observed every year as the World Bee Day and in view of the increasing level of threat to bees, the theme of the Day in 2023 was “Dangers to Honeybees and Benefits from Honeybees”.
*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
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.
Datasheet
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.