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Honey Market By Type (Alfalfa, Buckwheat, Wildflower, Clover, & Others), By Application (Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, & Others), By Packaging Type (Glass Jar, Bottle, Jars, Tube, & Others), By Distribution Channel (Convenience Stores, Supermarket/Hypermarket, & Online), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026

Industry Insights

[213+ Pages Report] We at Facts & Factors have recently titled “Global Honey Market” which encompasses the spectacle of the market in an analytical and comprehensive manner. In this report, the global honey market is estimated to value USD 15.79 Billion in the year 2026 from an initial value of USD 9.4 Billion in the year 2020 growing at a CAGR value of 8.7%.

logoMarket Overview

Honey is a sweet and viscous food article that is often pollinated from honeybees and some other variations of bees. These creatures often create bees from the sugary secretions of plants often referred to as the floral nectar and from secretions of other animals by the process of regurgitation, enzymatic activity, and water evaporation. Honeybees often store honey in wax-based structures called honeycombs where stingless bees store honey in pots that are often erected from wax and resin.

logoIndustry Growth Factors

The global honey market is occupied by contributing factors such as higher demand for nutritious food products such as honey coupled with maintaining a healthier lifestyle among consumers to name a few. Additionally, rising consumer awareness about the added benefits of honey such as vitamins, minerals, calcium, and antioxidants coupled with medicinal properties of honey pertaining to metabolic activities, maintaining blood pressure levels, and reducing the risk of diabetes will increase the footprint of the global honey market during the advent of the forecast period. Moreover, the rising usage of honey in food & beverages and cosmetics & pharmaceuticals coupled with rising collaborations among the key market players will boost the growth of the global honey market during the advent of the forecast period.

The global honey market is driven by surging demands for organic products coupled with increasing demand for natural sweeteners to name a few. Factors pertaining to the rising utilization of the latter in drug production coupled with a longer shelf life of the latter product will fuel the growth of the global honey market during the advent of the forecast period. However, disruptive supply chains and higher costs are expected to decrease the growth of the global honey market during the advent of the forecast period.

Honey Market

logoSegmentation Analysis

The global honey market is segmented into type, application, packaging type, distribution channel, and region.

On the basis of type, the global honey market is classified into alfalfa, buckwheat, wildflower, clover, and others. The buckwheat segment is expected to witness the largest market share during the advent of the forecast period owing to its high nutritional value, less sweet taste, and a higher dose of antioxidants to name a few. Based on application, the global honey market is divided into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The segment pertaining to food & beverage is expected to witness the largest market share during the advent of the forecast period owing to the rising integration of honey in confectionery products, beverages, and other baked goods coupled with rising usage of honey in alcoholic beverages to name a few. On the basis of packaging type, the global honey market is fragmented into a glass jar, bottles, jars, tubes, and others. The segment pertaining to glass is expected to witness the largest market share during the advent of the forecast period owing to easy-to-store measures and a higher convenience rate when compared to its counterpart. On the basis of distribution channels, the global honey market is categorized into convenience stores, supermarket/hypermarkets, and online. The segment pertaining to supermarket/hypermarket is expected to occupy the largest market share during the advent of the forecast period owing to the rising focus of the key market players in increasing the number of the latter coupled with a wider selection of products and easy availability to name a few.

logo Report Scope

Report Attribute

Details

Market Size in 2020

USD 9.4 Billion

Projected Market Size in 2026

USD 15.79 Billion

CAGR Growth Rate

8.7% CAGR

Base Year

2020

Forecast Years

2021-2026

Key Market Players

Capilano Honey Ltd., Lamex Food Group Ltd., Duc Cuong Phat Company Limited, Nuxten Health Ltd., Barkman Honey LLC, Beeyond The Hive, and Others

Key Segments

Type, Application, Packaging Type, Distribution Channel, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

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logo Regional Analysis

Europe is expected to witness the largest market share during the advent of the forecast period owing to rising investment opportunities in the latter sector coupled with the region being a self-sufficient region of production and consumption of honey to name a few. Additionally, the presence of key market players in the region coupled with a rising inclination of honey instead of sugar and other forms of sweeteners is expected to increase the footprint of the honey market during the forecast period. Asia-Pacific is expected to witness the fastest growing market share during the advent of the forecast period owing to the presence of a large number of honey producers coupled with the region being an export-heavy region to name a few. Moreover, rising government initiatives in improving beekeeping as a profession coupled with an increasing number of beekeepers will fuel the growth of the honey market during the forecast period.

logo Competitive Players

The key market participants for the global honey market are Bee Maid Honey Limited, Comvita Limited, Capilano Honey Ltd., Dabur India Ltd., Billy Bee Honey Products, New Zealand Honey Co., Barkman Honey LLC, Yamada Bee Company, Dutch Gold Honey, Inc., Golden Acres Honey, Beyond the Hive, Patanjali Ayurved, Oha Honey LP, and Streamland Biological Technology Ltd., among others.

logo By Type Segment Analysis

  • Alfalfa
  • Buckwheat
  • Wildflower
  • Clover
  • Others

logo By Application Segment Analysis

  • Food & Beverages
  • Personal Care & Cosmetics
  • Pharmaceuticals
  • Others

logo By Packaging Type Segment Analysis

  • Glass Jar
  • Bottle
  • Jars
  • Tube
  • Others

logo By Distribution Channel Segment Analysis

  • Convenience Stores
  • Supermarket/Hypermarket
  • Online

logo By Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • 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 and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Covid-19

Honey Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Bee Maid Honey Limited
  • Comvita Limited
  • Capilano Honey Ltd.
  • Dabur India Ltd.
  • Billy Bee Honey Products
  • New Zealand Honey Co.
  • Barkman Honey LLC
  • Yamada Bee Company
  • Dutch Gold Honey Inc.
  • Golden Acres Honey
  • Beyond the Hive
  • Patanjali Ayurved
  • Oha Honey LP
  • Streamland Biological Technology Ltd.
     

Frequently Asked Questions

The governing factors behind the significant growth of the global honey market are a higher demand for nutritious food products such as honey coupled with maintaining a healthier lifestyle among consumers to name a few.
According to Facts & Factors, global demand for honey market is expected to generate revenue of around USD 3.2 Billion by end of 2026, growing at a CAGR of around 22.7% between 2021 and 2026.
Europe is expected to witness the largest market share during the advent of the forecast due to rising investment opportunities in the latter sector coupled with the region being a self-sufficient region of production and consumption of honey to name a few.
The key participants in the global honey are Bee Maid Honey Limited, Comvita Limited, Capilano Honey Ltd., Dabur India Ltd., Billy Bee Honey Products, New Zealand Honey Co., Barkman Honey LLC, Yamada Bee Company, Dutch Gold Honey, Inc., and Golden Acres Honey, among others.
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