Global Honey market, which was estimated at 8,019 (USD Million) in 2019 and is predicted to accrue earnings worth 11,331 (USD Million) by 2026, is set to record a CAGR of nearly 4.8% over 2020-2026.
The global Honey market, which was estimated at 8,019 (USD Million) in 2019 and is predicted to accrue earnings worth 11,331 (USD Million) by 2026, is set to record a CAGR of nearly 4.8% over 2020-2026. 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 report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Million).
Introduction
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.
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.
Asia Pacific Market To Retain Numero Uno Position During 2020-2026
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.
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, and Zhejiang Jiangshan Bee Enterprise.
This report segments the global honey market into:
Global Honey Market: Type Analysis
Global Honey Market: Application Analysis
Global Honey Market: Packaging Analysis
By Region
List of Figures
1. Market research process
2. Market research methodology
3. Global Honey market volume and revenue, 2015–2025 (Kilotons) (USD Million)
4. Porter’s Five Forces Analysis
5. Market attractiveness analysis, by Type
6. Market attractiveness analysis, by Application
7. Market attractiveness analysis, by Packaging
8. Market attractiveness analysis, by Region
9. Global Honey market volume and revenue share by Type, 2018 and 2025
10. Global Honey market for alfalfa honey, 2015–2025 (Kilotons) (USD Million)
11. Global Honey market for wildflower honey, 2015–2025 (Kilotons) (USD Million)
12. Global Honey market for buckwheat honey, 2015–2025 (Kilotons) (USD Million)
13. Global Honey market for acacia honey, 2015–2025 (Kilotons) (USD Million)
14. Global Honey market for clover honey, 2015–2025 (Kilotons) (USD Million)
15. Global Honey market for others, 2015–2025 (Kilotons) (USD Million)
16. Global Honey market revenue and volume share by Application, 2018 and 2025
17. Global Honey market for food & beverage, 2015–2025 (Kilotons) (USD Million)
18. Global Honey market for personal care products, 2015–2025 (Kilotons) (USD Million)
19. Global Honey market for pharmaceuticals, 2015–2025 (Kilotons) (USD Million)
20. Global Honey market for others, 2015–2025 (Kilotons) (USD Million)
21. Global Honey market revenue and volume share by Packaging, 2018 and 2025
22. Global Honey market for tub, 2015–2025 (Kilotons) (USD Million)
23. Global Honey market for jar, 2015–2025 (Kilotons) (USD Million)
24. Global Honey market for bottle, 2015–2025 (Kilotons) (USD Million)
25. Global Honey market for tube, 2015–2025 (Kilotons) (USD Million)
26. Global Honey market for others, 2015–2025 (Kilotons) (USD Million)
27. Global Honey market volume share by region, 2018 and 2025
28. North America Honey market, 2015–2025 (Kilotons) (USD Million)
29. Europe Honey market, 2015–2025 (Kilotons) (USD Million)
30. Asia Pacific Honey market, 2015–2025 (Kilotons) (USD Million)
31. Latin America Honey market, 2015–2025 (Kilotons) (USD Million)
32. The Middle East and Africa Honey market, 2015–2025 (Kilotons) (USD Million)
List of Tables
1. Honey market: Market Snapshot
2. Products of the Honey market
3. Drivers of the global Honey market: Impact analysis
4. Restraints of the global Honey market: Impact analysis
5. North America Honey market volume, by Type, 2015–2025 (Kilotons)
6. North America Honey market revenue, by Type, 2015–2025 (USD Million)
7. North America Honey market volume, by Application, 2015–2025 (Kilotons)
8. North America Honey market revenue, by Application, 2015–2025 (USD Million)
9. North America Honey market volume, by Packaging, 2015–2025 (Kilotons)
10. North America Honey market revenue, by Packaging, 2015–2025 (USD Million)
11. The U.S. Honey market volume, by Type, 2015–2025 (Kilotons)
12. The U.S. Honey market revenue, by Type, 2015–2025 (USD Million)
13. The U.S. Honey market volume, by Application, 2015–2025 (Kilotons)
14. The U.S. Honey market revenue, by Application, 2015–2025 (USD Million)
15. The U.S. Honey market volume, by Packaging, 2015–2025 (Kilotons)
16. The U.S. Honey market revenue, by Packaging, 2015–2025 (USD Million)
17. Canada Honey market volume, by Type, 2015–2025 (Kilotons)
18. Canada Honey market revenue, by Type, 2015–2025 (USD Million)
19. Canada Honey market volume, by Application, 2015–2025 (Kilotons)
20. Canada Honey market revenue, by Application, 2015–2025 (USD Million)
21. Canada Honey market volume, by Packaging, 2015–2025 (Kilotons)
22. Canada Honey market revenue, by Packaging, 2015–2025 (USD Million)
23. Europe Honey market volume, by Type, 2015–2025 (Kilotons)
24. Europe Honey market revenue, by Type, 2015–2025 (USD Million)
25. Europe Honey market volume, by Application, 2015–2025 (Kilotons)
26. Europe Honey market revenue, by Application, 2015–2025 (USD Million)
27. Europe Honey market volume, by Packaging, 2015–2025 (Kilotons)
28. Europe Honey market revenue, by Packaging, 2015–2025 (USD Million)
29. Germany Honey market volume, by Type, 2015–2025 (Kilotons)
30. Germany Honey market revenue, by Type, 2015–2025 (USD Million)
31. Germany Honey market volume, by Application, 2015–2025 (Kilotons)
32. Germany Honey market revenue, by Application, 2015–2025 (USD Million)
33. Germany Honey market volume, by Packaging, 2015–2025 (Kilotons)
34. Germany Honey market revenue, by Packaging, 2015–2025 (USD Million)
35. UK Honey market volume, by Type, 2015–2025 (Kilotons)
36. UK Honey market revenue, by Type, 2015–2025 (USD Million)
37. UK Honey market volume, by Application, 2015–2025 (Kilotons)
38. UK Honey market revenue, by Application, 2015–2025 (USD Million)
39. UK Honey market volume, by Packaging, 2015–2025 (Kilotons)
40. UK Honey market revenue, by Packaging, 2015–2025 (USD Million)
41. France Honey market volume, by Type, 2015–2025 (Kilotons)
42. France Honey market revenue, by Type, 2015–2025 (USD Million)
43. France Honey market volume, by Application, 2015–2025 (Kilotons)
44. France Honey market revenue, by Application, 2015–2025 (USD Million)
45. France Honey market volume, by Packaging, 2015–2025 (Kilotons)
46. France Honey market revenue, by Packaging, 2015–2025 (USD Million)
47. Rest of Europe Honey market volume, by Type, 2015–2025 (Kilotons)
48. Rest of Europe Honey market revenue, by Type, 2015–2025 (USD Million)
49. Rest of Europe Honey market volume, by Application, 2015–2025 (Kilotons)
50. Rest of Europe Honey market revenue, by Application, 2015–2025 (USD Million)
51. Rest of Europe Honey market volume, by Packaging, 2015–2025 (Kilotons)
52. Rest of Europe Honey market revenue, by Packaging, 2015–2025 (USD Million)
53. Asia Pacific Honey market volume, by Type, 2015–2025 (Kilotons)
54. Asia Pacific Honey market revenue, by Type, 2015–2025 (USD Million)
55. Asia Pacific Honey market volume, by Application, 2015–2025 (Kilotons)
56. Asia Pacific Honey market revenue, by Application, 2015–2025 (USD Million)
57. Asia Pacific Honey market volume, by Packaging, 2015–2025 (Kilotons)
58. Asia Pacific Honey market revenue, by Packaging, 2015–2025 (USD Million)
59. China Honey market volume, by Type, 2015–2025 (Kilotons)
60. China Honey market revenue, by Type, 2015–2025 (USD Million)
61. China Honey market volume, by Application, 2015–2025 (Kilotons)
62. China Honey market revenue, by Application, 2015–2025 (USD Million)
63. China Honey market volume, by Packaging, 2015–2025 (Kilotons)
64. China Honey market revenue, by Packaging, 2015–2025 (USD Million)
65. Japan Honey market volume, by Type, 2015–2025 (Kilotons)
66. Japan Honey market revenue, by Type, 2015–2025 (USD Million)
67. Japan Honey market volume, by Application, 2015–2025 (Kilotons)
68. Japan Honey market revenue, by Application, 2015–2025 (USD Million)
69. Japan Honey market volume, by Packaging, 2015–2025 (Kilotons)
70. Japan Honey market revenue, by Packaging, 2015–2025 (USD Million)
71. India Honey market volume, by Type, 2015–2025 (Kilotons)
72. India Honey market revenue, by Type, 2015–2025 (USD Million)
73. India Honey market volume, by Application, 2015–2025 (Kilotons)
74. India Honey market revenue, by Application, 2015–2025 (USD Million)
75. India Honey market volume, by Packaging, 2015–2025 (Kilotons)
76. India Honey market revenue, by Packaging, 2015–2025 (USD Million)
77. South Korea Honey market volume, by Type, 2015–2025 (Kilotons)
78. South Korea Honey market revenue, by Type, 2015–2025 (USD Million)
79. South Korea Honey market volume, by Application, 2015–2025 (Kilotons)
80. South Korea Honey market revenue, by Application, 2015–2025 (USD Million)
81. South Korea Honey market volume, by Packaging, 2015–2025 (Kilotons)
82. South Korea Honey market revenue, by Packaging, 2015–2025 (USD Million)
83. Australia Honey market volume, by Type, 2015–2025 (Kilotons)
84. Australia Honey market revenue, by Type, 2015–2025 (USD Million)
85. Australia Honey market volume, by Application, 2015–2025 (Kilotons)
86. Australia Honey market revenue, by Application, 2015–2025 (USD Million)
87. Australia Honey market volume, by Packaging, 2015–2025 (Kilotons)
88. Australia Honey market revenue, by Packaging, 2015–2025 (USD Million)
89. Rest of Asia Pacific Honey market volume, by Type, 2015–2025 (Kilotons)
90. Rest of Asia Pacific Honey market revenue, by Type, 2015–2025 (USD Million)
91. Rest of Asia Pacific Honey market volume, by Application, 2015–2025 (Kilotons)
92. Rest of Asia Pacific Honey market revenue, by Application, 2015–2025 (USD Million)
93. Rest of Asia Pacific Honey market volume, by Packaging, 2015–2025 (Kilotons)
94. Rest of Asia Pacific Honey market revenue, by Packaging, 2015–2025 (USD Million)
95. Latin America Honey market volume, by Type, 2015–2025 (Kilotons)
96. Latin America Honey market revenue, by Type, 2015–2025 (USD Million)
97. Latin America Honey market volume, by Application, 2015–2025 (Kilotons)
98. Latin America Honey market revenue, by Application, 2015–2025 (USD Million)
99. Latin America Honey market volume, by Packaging, 2015–2025 (Kilotons)
100. Latin America Honey market revenue, by Packaging, 2015–2025 (USD Million)
101. Brazil Honey market volume, by Type, 2015–2025 (Kilotons)
102. Brazil Honey market revenue, by Type, 2015–2025 (USD Million)
103. Brazil Honey market volume, by Application, 2015–2025 (Kilotons)
104. Brazil Honey market revenue, by Application, 2015–2025 (USD Million)
105. Brazil Honey market volume, by Packaging, 2015–2025 (Kilotons)
106. Brazil Honey market revenue, by Packaging, 2015–2025 (USD Million)
107. Argentina Honey market volume, by Type, 2015–2025 (Kilotons)
108. Argentina Honey market revenue, by Type, 2015–2025 (USD Million)
109. Argentina Honey market volume, by Application, 2015–2025 (Kilotons)
110. Argentina Honey market revenue, by Application, 2015–2025 (USD Million)
111. Argentina Honey market volume, by Packaging, 2015–2025 (Kilotons)
112. Argentina Honey market revenue, by Packaging, 2015–2025 (USD Million)
113. Chile Honey market volume, by Type, 2015–2025 (Kilotons)
114. Chile Honey market revenue, by Type, 2015–2025 (USD Million)
115. Chile Honey market volume, by Application, 2015–2025 (Kilotons)
116. Chile Honey market revenue, by Application, 2015–2025 (USD Million)
117. Chile Honey market volume, by Packaging, 2015–2025 (Kilotons)
118. Chile Honey market revenue, by Packaging, 2015–2025 (USD Million)
119. Rest of Latin America Honey market volume, by Type, 2015–2025 (Kilotons)
120. Rest of Latin America Honey market revenue, by Type, 2015–2025 (USD Million)
121. Rest of Latin America Honey market volume, by Application, 2015–2025 (Kilotons)
122. Rest of Latin America Honey market revenue, by Application, 2015–2025 (USD Million)
123. Rest of Latin America Honey market volume, by Packaging, 2015–2025 (Kilotons)
124. Rest of Latin America Honey market revenue, by Packaging, 2015–2025 (USD Million)
125. The Middle East and Africa Honey market volume, by Type, 2015–2025 (Kilotons)
126. The Middle East and Africa Honey market revenue, by Type, 2015–2025 (USD Million)
127. The Middle East and Africa Honey market volume, by Application, 2015–2025 (Kilotons)
128. The Middle East and Africa Honey market revenue, by Application, 2015–2025 (USD Million)
129. The Middle East and Africa Honey market volume, by Packaging, 2015–2025 (Kilotons)
130. The Middle East and Africa Honey market revenue, by Packaging, 2015–2025 (USD Million)
131. GCC Countries Honey market volume, by Type, 2015–2025 (Kilotons)
132. GCC Countries Honey market revenue, by Type, 2015–2025 (USD Million)
133. GCC Countries Honey market volume, by Application, 2015–2025 (Kilotons)
134. GCC Countries Honey market revenue, by Application, 2015–2025 (USD Million)
135. GCC Countries Honey market volume, by Packaging, 2015–2025 (Kilotons)
136. GCC Countries Honey market revenue, by Packaging, 2015–2025 (USD Million)
137. Nigeria Honey market volume, by Type, 2015–2025 (Kilotons)
138. Nigeria Honey market revenue, by Type, 2015–2025 (USD Million)
139. Nigeria Honey market volume, by Application, 2015–2025 (Kilotons)
140. Nigeria Honey market revenue, by Application, 2015–2025 (USD Million)
141. Nigeria Honey market volume, by Packaging, 2015–2025 (Kilotons)
142. Nigeria Honey market revenue, by Packaging, 2015–2025 (USD Million)
143. South Africa Honey market volume, by Type, 2015–2025 (Kilotons)
144. South Africa Honey market revenue, by Type, 2015–2025 (USD Million)
145. South Africa Honey market volume, by Application, 2015–2025 (Kilotons)
146. South Africa Honey market revenue, by Application, 2015–2025 (USD Million)
147. South Africa Honey market volume, by Packaging, 2015–2025 (Kilotons)
148. South Africa Honey market revenue, by Packaging, 2015–2025 (USD Million)
149. Rest of MEA Honey market volume, by Type, 2015–2025 (Kilotons)
150. Rest of MEA Honey market revenue, by Type, 2015–2025 (USD Million)
151. Rest of MEA Honey market volume, by Application, 2015–2025 (Kilotons)
152. Rest of MEA Honey market revenue, by Application, 2015–2025 (USD Million)
153. Rest of MEA Honey market volume, by Packaging, 2015–2025 (Kilotons)
154. Rest of MEA Honey market revenue, by Packaging, 2015–2025 (USD Million)
Honey is a natural viscous and sweet substance formed by the bees, which is extracted through the plant’s nectar. The major components of honey include water, carbohydrates, nitrogenous substances, and minerals. Honey is healthy and can be used as a substitute for sugar or other artificial sweeteners. Additionally, honey is filled with antioxidants that offer substantial benefits to the human body.
Growing consumer preferences for a healthy and natural alternative over artificial sweeteners and the increasing awareness about the benefits of honey are majorly driving the global honey market growth. Artificial sweeteners lead to obesity, elevated cholesterol, mineral depletion, mood swings, tooth decay, hypertension, and cardiovascular diseases. They are also responsible for causing Type 2 diabetes, metabolic syndrome, and different types of cancers and tumors. However, unlike nutrient-void processed sugar and chemical-spiked artificial sweeteners, honey has a less glycemic index (GI), which means that it does not raise the blood sugar levels quickly. It helps in decreasing the body’s cholesterol level and helps in weight management. Furthermore, consumers demand honey for using it in home remedies for improved digestion, acne cure, prebiotic support, and exfoliator. This is also driving the growth of the honey market globally. However, health disorders and botulism caused due to raw honey’s intake may restrain the market growth in the upcoming years.
The global honey market is segmented into type, application, and packaging. By type, the market categorized into alfalfa honey, wildflower honey, buckwheat honey, acacia honey, clover honey, and others. Based on application, the market is categorized into personal care products, food and beverage, pharmaceuticals, and others. By packaging, the market is categorized into tub, jar, bottle, tube, and others.
By region, Asia Pacific held the largest market share in 2018 and is expected to continue its regional dominance over the forecast time period as well. This regional growth can be attributed to the rise in the production volume, increasing consumption of honey in the region, growing health concerns among the end-users as honey acts as a natural alternative to sugar. The European region is likely to show moderate growth over the forecast time period in the global honey market, owing to the increase in honey consumption across various end-user industries, such as sauces, mustards, and seasoning flavors.
Some key players operating in the global honey market are Dabur India Ltd., Capilano Honey Ltd., Comvita Ltd., Barkman Honey, Bee Maid Honey Ltd., Billy Bee Honey Products, Lamex Food Group, Caprilush International, DucCuongPhat Company, Dutch Gold Honey, Groeb Farms, Beeyond The Hive, Navrang, Nuxten Health, Rowse Honey, and Zhejiang Jiangshan Bee Enterprise.
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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.
According to Zion market research report, the global Honey market, which was estimated at 8,019 (USD Million) in 2019 and is predicted to accrue earnings worth 11,331 (USD Million) by 2026, is set to record a CAGR of nearly 4.8% over 2020-2026.
Asia Pacific is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be credited 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.
The key players 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, and Zhejiang Jiangshan Bee Enterprise.
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