Honey Market Size, Share, Trends, And Forecast To 2032

Global Honey Market Size

The global honey market size was worth around USD 9.41 billion in 2023 and is predicted to grow to around USD 14.96 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.4% between 2024 and 2032. The report offers valuation and analysis of Honey market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion).

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Global Honey Market: Overview

Honey is a natural sweetener that is manufactured by bees and derived from extracts of the nectar of the flowers. The key component of honey comprises of carbohydrates, minerals, nitrogenous, and water. Moreover, the product is considered as a key replacement of sugar and it can be categorized by color as well as myriad varieties. Apparently, the flavor of a particular kind of honey depends on kinds of flower from whose nectar it is gathered. Furthermore, both the kinds of honey including raw as well as pasteurized kinds are available.

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Global Honey Market: Growth Dynamics

Changing customer inclination towards healthy as well as nutritive substitute for sugar & artificial sweetener will prompt the market expansion over the forecasting years. In addition to this, honey fermentation for producing sweet alcoholic beverages is likely to open new vistas of growth for honey industry over the estimated timespan. Apparently, honey can be preserved for a longer duration and does not require refrigerators, thereby steering the business space. Furthermore, massive favorably therapeutic effects of the product on human health will escalate the growth of the honey industry over the ensuing years.

Moreover, large-scale utility of honey in drug manufacture will further promote the business growth over the years to come. In addition to this, burgeoning popularity of the product among the health-conscious customers will propel the market size in the ensuing years. Apparently, honey possesses a huge proportion of anti-oxidants and this will favorably leverage the market scope over the forthcoming years.

Global Honey Market: Segmentation

By type, the honey market is segmented into Alfalfa Honey, Wildflower Honey, Buckwheat Honey, Acacia Honey, Clover Honey, Others.

Based on application, the honey market is segmented into Food and Beverage, Personal Care Products, Pharmaceuticals, Others.

Based on packaging, the honey market is segmented into Bottle, Jar, Tube, Tub, Others.

Honey Market: Report Scope

Honey Market: Regional Analysis

Asia Pacific Market To Retain Numero Uno Position During 2024-2032

The rapid expansion of industry in Asia Pacific over the estimated timeline is attributed to massive consumer awareness about the beneficial features of the product like anti-inflammatory, anti-microbial, and anti-oxidant characteristics. In addition to this, large-scale harvesting of honey in the countries like India and China will propel the industry growth over the estimated timeline. Large scale investments in the honey production business in the sub-continent will proliferate the market progress in the forthcoming years.

Honey Market: Competitive Analysis

Key participants profiled in the report include:

• Barkman Honey
• Comvita Ltd.
• Navrang
• Lamex Food Group
• Caprilush International
• Dabur India Ltd.
• DucCuongPhat Company
• Rowse Honey
• Capilano Honey Ltd.
• Beeyond The Hive
• Bee Maid Honey Ltd.
• Nuxten Health
• Billy Bee Honey Products
• Dutch Gold Honey
• Groeb Farms
• Zhejiang Jiangshan Bee Enterprise

This report segments the global honey market into:

Global Honey Market: Type Analysis

• Alfalfa Honey
• Wildflower Honey
• Buckwheat Honey
• Acacia Honey
• Clover Honey
• Others

Global Honey Market: Application Analysis

• Food and Beverage
• Personal Care Products
• Pharmaceuticals
• Others

Global Honey Market: Packaging Analysis

• Bottle
• Jar
• Tube
• Tub
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa