Honey Market size was valued at US$ 14.78 Bn. in 2022 and the total revenue is expected to grow at 11% through 2023 to 2029, reaching nearly US$ 30.69 Bn.Honey Market Overview:
Honey is rich in vitamins and minerals, minerals, calcium, and antioxidants, which are all beneficial to your health. Honey also has medical benefits, including the ability to improve metabolic activity, maintain blood pressure levels, lower the risk of diabetes, and even treat burn scars. Honey is used in a variety of applications apart from food and beverages, such as cosmetics and pharmaceuticals, which is anticipated to enhance market growth. Honey productivity and availability are affected by climatic conditions in each area; as a result, a few countries, such as North and South America, Asia, and Europe, account for the majority of output.To know about the Research Methodology :- Request Free Sample Report
Honey Market Dynamics:
Honey is a famous food ingredient that is exploring opportunities in the Food and Beverage (F&B) industry. Commercial beverage production is one of honey's modern applications in the F&B industry. Fermentation of honey in production of sweet alcoholic drinks such as meads, Honey Wines and Honey Beers is also gaining momentum. Healing benefits of honey are expected to be a crucial factor driving the growth of Global Honey Market. The Global Honey Market is projected to reach 2.4 million tons majorly driven by growing consumer preference for natural alternative to artificial sweeteners. Honey fermentation for the creation of sweet alcoholic beverages is also gaining popularity. Honey's healing properties are expected to be a major element in the Global Honey Market's expansion. Honey's therapeutic use expand the market into industrial verticals including Drug Manufacturing, Healthcare Facilities, and Medical Disposables Manufacturing. The sugar profile of honey continues to elicit consumer suspicion in the global honey industry. Medical use of honey will continue to expand business opportunities for manufacturers, unifying pharmaceutical production with honey production. The increase in product additives is anticipated to hinder the Global Honey Market's expansion. Adulteration and fraud incidences in honey have been one of the industry's significant difficulties in recent years, negatively impacting Honey Market Growth worldwide.Honey Market Segment Analysis:
Based on product type, the Global Honey Market is segmented into Wildflower, Acacia, Clover Honey, Buckwheat and Alfalfa. The Wildflower Honey segment is estimated to account for the highest market share and increase at a CAGR of 7.35% during the forecast period 2022-2029.Buckwheat and Alfalfa held the second highest market share of 37% in the year 2022. It’s also expected to raise the market share of up to the 60% in the Global Honey Market. These types of products are widely used in Food and beverages industry within the various food items. Pharmaceutical, Food and beverages industries are contributed into the market growth of Global Honey Market. Based on Application, the Global Honey Market is segmented into Food and Beverages Personal Care, Pharmaceutical &Cosmetics. Food and Beverages segment is dominated the Global Honey Market and accounted for market share of more than 70.2% in 2022.Thanks to extensive usage of honey in bakery products non alcoholic beverages and restaurants. Product adulteration is one of the significant issues in the global market. The personal care & cosmetics market is predicted to grow at the fastest rate, with a CAGR of over 7% during the forecast period 2022-2029. The growing use of natural sweeteners in organic confectionery and bakery items is expected to boost the honey market's potential. Honey sales are anticipated to rise owing to these developments, reaching US$ 15.2 billion in 2019.Based on Distribution Chanel, the Global Honey Market is segmented into Convenience Store, Super Market, and Online Store. Super Market segment is projected to record at the CAGR 3.6% and reach US$6.9 Bn during the forecast period. It’s also accounted for largest revenue share of over 62% in 2022. Online segment is also accounted for a CAGR of 4.8% in the year 2022. Because of their tremendous level of convenience, e-commerce platforms are becoming incredibly popular. Additionally, many sites offer low-cost distribution of a wide range of things at the doorstep. Benefits like these are boosting the segment's growth.
Global Honey Market Regional Insight:
Europe had the greatest market share with contributing for more than 34.1% in the year 2022. According to the European Commission's statistics for 2021, 60% of the honey consumed in the region is produced in Europe. Additionally, big regional company invests substantial amounts of money in maintaining their production and supply chains. The honey market in the United States is projected to be valued US$ 2.3 billion. China, the world's second largest economy, is predicted to hit a market size of US$2.2 billion by 2029, with CAGR of 6% from 2023 to 2029. Japan and Canada are two more important geographic markets, with forecasted growth rates of 2.2% and 3.5%, during forecast period from 2022 to 2029. During the forecasting period, Asia Pacific is anticipated to witness the fastest regional market. The existence of a high number of honey producers in some of the region's growing countries, such as China and India, is projected to continue to be a positive factor in the region's development. Similarly, in 2019, China was the leading exporter of honey in the United States and throughout Europe. Altparmak a Turkish honey producer gained USD 4.98 million in funding from the European Bank for Reconstruction and Development (EBRD) in January 2018 to grow and advance its in-house value chain. The objective of the report is to present a comprehensive analysis of Global Honey Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Honey Market dynamics, structure by analyzing the Market segments and project the Global Honey Market size. Clear representation of competitive analysis of key players by Deployment, price, financial position, Deployment portfolio, growth strategies, and regional presence in the Global Honey Market makes the report investor’s guide.Global Honey Market Scope: Inquire before buying
Global Honey Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 14.78Bn. Forecast Period 2022 to 2029 CAGR: 11% Market Size in 2029: US $ 30.69 Bn. Segments Covered: by Product 1.Alfalfa 2.Acacia 3.Wildflower 4.Buckwheat 5.Clover honey by Application 1.Food &Beverages 2.Personal Care 3.Pharmaceutical and Cosmetic Industry by Distribution Channel 1.Super Market 2.Convenience store 3.Online Store Global Honey Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) South America (Brazil, Argentina Rest of South America) Middle East & Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)Global Honey Key Players
1. Beeyond the Hive 2. Dabur India Ltd. 3. Patanjali Ayurved 4. Capilano Honey Ltd. 5. Barkman Honey, LLC. 6. New Zealand Honey Co. 7. Oha Honey LP 8. Bee Maid Honey Ltd. 9. Streamland Biological Technology Ltd. 10. Dutch Gold Honey, Inc. 11. Golden Acres Honey Products Ltd. 12. HoneyLab Ltd. 13. PA & SC Steens Ltd. 14. Polar-Honey Finland (Lappi-Hunaja) 15. Rowse Honey Limited 16. Savannah Bee Company 17. Sweet Harvest Foods Inc. 18. Yanbian Baolixiang Beekeeping Co., Ltd. 19. Zhejiang Jiangshan Bee Enterprise Co., LtdFrequently Asked Questions:
1] Which segments are covered in Global Honey Market report? Ans. The segments covered in Global Honey Market report are based on product Application and Application 2] Which region is expected to hold the highest share in the Market? Ans. Europe is expected to hold the highest share in the Global Honey Market. 3] What will be the Market size in 2029? Ans. The Market size is expected to be US$ 30.69 Bn. by 2029 4] Who are the top key players in the Global Honey Market? Ans. New Zealand Honey Co., Oha Honey LP, Bee Maid Honey Ltd., Streamlan, Biological Technology Ltd., Dutch Gold Honey, Inc., Golden Acres Honey Products Ltd., HoneyLab Ltd., PA & SC Steens Ltd., Polar-Honey Finland (Lappi-Hunaja), Rowse Honey Limited. 5] What was the Market size of Global Honey Market in 2022? Ans. The Market size of Market in Global Honey Market 2022 was US $ 14.78Bn.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: market Size, Global Honey Market by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Global Honey Market 3.4. Geographical Snapshot of the Global Honey Market, By Manufacturer share 4. Global Honey Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Technologies 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Honey Market 5. Supply Side and Demand Side Indicators 6. Global Honey Market Analysis and Forecast, 2021-2029 6.1. Global Honey MarketSize & Y-o-Y Growth Analysis. 7. Global Honey Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By product Type, 2021-2029 7.1.1. Alfalfa 7.1.2. Acacia 7.1.3. Wildflower 7.1.4. Buckwheat 7.1.5. Clover honey 7.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 7.2.1. Food &Beverages 7.2.2. Personal Care 7.2.3. Pharmaceutical and Cosmetic Industry 7.3. Global Honey Market Analysis and Forecasts, Distribution Channel Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 7.3.1. Super Market 7.3.2. Convenience store 7.3.3. Online Store 8. North America Global Honey Market Analysis and Forecasts, 2021-2029 8.1. Market Size (Value) Estimates & Forecast By product Type, 2021-2029 8.1.1. Alfalfa 8.1.2. Acacia 8.1.3. Wildflower 8.1.4. Buckwheat 8.1.5. Clover honey 8.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 8.2.1. Food &Beverages 8.2.2. Personal Care 8.2.3. Pharmaceutical and Cosmetic Industry 9. North America Global Honey Market Analysis and Forecasts, By Country 9.1.1. Europe 9.1.2. Asia Pacific 9.2. Market Size (Value) Estimates & Forecast By Country, 2021-2029 9.2.1. US 9.2.2. Canada 9.2.3. Mexico 10. U.S market Analysis and Forecasts, 2021-2029 10.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 10.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 10.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 11. Canada Honey Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 11.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 12. Mexico Honey Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 12.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 13. Europe Honey Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 13.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 14. Europe Honey Market Analysis and Forecasts, By Country 14.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 14.1.1. U.K 14.1.2. France 14.1.3. Germany 14.1.4. Italy 14.1.5. Spain 14.1.6. Sweden 14.1.7. CIS Countries 14.1.8. Rest of Europe 15. U.K. Honey Market Analysis and Forecasts, 2021-2029 15.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 15.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 15.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 16. France Honey Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 16.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 17. Germany Honey Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 17.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 18. Italy Honey Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 18.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 19. Spain Honey Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 19.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 20. Sweden Honey Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 20.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 21. CIS Honey Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 21.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 22. Rest of Honey Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 22.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 23. Asia Honey Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 23.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 24. Asia Pacific Honey Market Analysis and Forecasts, by Country 24.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 24.1.1. China 24.1.2. India 24.1.3. Japan 24.1.4. South Korea 24.1.5. Australia 24.1.6. ASEAN 24.1.7. Rest of Asia Pacific 25. China Honey Market Analysis and Forecasts, 2021-2029 25.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 25.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 25.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 26. India Honey Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 26.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 27. Japan Honey Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 27.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 28. South Korea Honey Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 28.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 29. Australia Honey Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 29.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 30. ASEAN Honey Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 30.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 31. Rest of Asia Pacific Honey Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 31.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 32. Middle East Africa Honey Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 32.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 33. Middle East Africa Honey Market Analysis and Forecasts, by Country 33.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 33.1.1. South Africa 33.1.2. GCC Countries 33.1.3. Egypt 33.1.4. Nigeria 33.1.5. Rest of ME&A 34. South Africa Honey Markett Analysis and Forecasts, 2021-2029 34.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 34.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 34.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 35. GCC Countries Honey Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 35.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 36. Egypt Honey Marketand Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 36.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 37. Nigeria Honey Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 37.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 38. Rest of ME&A Honey Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 38.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 39. South Honey Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 39.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 40. South America Honey Market Analysis and Forecasts, by Country 40.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 40.1.1. Brazil 40.1.2. Argentina 40.1.3. Rest of South America 41. Brazil Honey Market Analysis and Forecasts, 2021-2029 41.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 41.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 41.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 42. Argentina Honey Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 42.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 43. Rest of South America Honey Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Value) Estimates & Forecast Application, 2021-2029 43.3. Market Size (Value) Estimates & Forecast Distribution Channel, 2021-2029 44. Competitive Landscape 44.1. Geographic Footprint of Major Players in Honey Market 44.1.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 44.1.2. New Type Launches and Type Enhancements 44.1.3. Market Consolidation 44.1.3.1. M&A by Regions, Investment and Verticals 44.1.3.2. M&A, Forward Integration and Backward Integration 44.1.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 44.2. Company Profile: Key Players 44.2.1. Capol group 44.2.2. HoneyLab Ltd. 44.2.3. PA & SC Steens Ltd. 44.2.4. Polar-Honey Finland (Lappi-Hunaja) 44.2.5. Rowse Honey Limited 44.2.6. Savannah Bee Company 44.2.7. Sweet Harvest Foods Inc. 44.2.8. Yanbian Baolixiang Beekeeping Co., Ltd. 44.2.9. Zhejiang Jiangshan Bee Enterprise Co., Ltd 45. Primary Key Insights