Global Honey Market
Global Honey Market was valued at USD 8.20 billion in 2020 which expected to reach USD 13.52 billion at a CAGR 5.6% from 2020-2030.
Honey is a natural and viscous food substance produced by bees & some related insects. Honey bees produce honey from the sugary secretions of the plants & store it in honeycomb, whereas other insects produce it by regurgitation & enzymatic activity. It is suitable for long term storage, due to its unique composition & chemical properties.
Market Drivers
The rise in use of honey as healthy alternative for artificial sweetener, energy source, immunity system builder, and as a weight loss source is the major driving factor which expected to boost the growth of global honey market over the forecast period. Honey is a source of numerous nutritional ingredients such as minerals, vitamins, calcium & antioxidants. It has various medicinal properties & can help improve metabolic activities, reduce the risk of diabetes, maintain blood pressure levels, and can even heal burn wounds. Thus, it is used in many applications apart from food and beverages, like pharmaceuticals & cosmetics, which is also estimated to support the global honey market.
The rise in demand for natural sweeteners to play a significant role in product growth which is expected to propel the growth of global honey market during the forecast period. The increase in health consciousness among people has motivated them to include natural sweeteners in their diets & reduce white sugar usage. The antioxidant & antibacterial properties of honey & the presence of several crucial minerals & vitamins within them have made them an ideal sweetener choice.
Market Restraints
The increase in adulteration of the product is expected to hamper the growth of global honey market. From past few years, honey adulteration & fraud incidents have emerged as one of the industry’s major challenges, which has negatively impacted global honey market growth.
Market Segmentation
The Global Honey Market is segmented into type such as Alfalfa, Wildflower, Buckwheat, Acacia, Clover honey, and Others, by application market is segmented into Food & Beverage, Pharmaceuticals, Personal Care Products, and Others. Further, market is segmented into packaging such as Tube, Bottle, Jar, Tub, and Others.
Regional Analysis
The Global Honey Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Europe region accounted for the largest revenue share of more than 30% in 2020, due to the increase in awareness about the product ‘s health benefits across the European countries is expected to boost the demand for the product across the region. Further, in North America region, the increase in number of beekeepers in the United States & Canada positively influence the regional industry.
Key Players
Various key players are listed in this report such as Beeyond the Hive, Dutch Gold Honey, Inc., Streamland Biological Technology Ltd., Bee Maid Honey Ltd., Oha Honey LP, New Zealand Honey Co., Barkman Honey, LLC., Capilano Honey Ltd., Patanjali Ayurved, Dabur India Ltd., etc.
Market Taxonomy
By Type
By Application
By Packaging
By Region
Key Questions Addressed by the Report
Global Honey Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Honey Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Honey Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Honey Market Share Analysis, By Type
5.3 Global Honey Market Size and Forecast, By Type
5.3.1 Alfalfa
5.3.2. Wildflower
5.3.3. Buckwheat
5.3.4 Acacia
5.3.5. Clover honey
5.3.6. Others
6 Global Honey Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Honey Market Share Analysis, By Application
6.3 Global Honey Market Size and Forecast, By Application
6.3.1 Food & Beverage
6.3.2 Pharmaceuticals
6.3.3. Personal Care Products
6.3.4. Others
7 Global Honey Market, By Packaging
7.1 Y-o-Y Growth Comparison, By Packaging
7.2 Global Honey Market Share Analysis, By Packaging
7.3 Global Honey Market Size and Forecast, By Packaging
7.3. 1 Tube
7.3.2. Bottle
7.3.3. Jar
7.3.4. Tub
7.3.5. Others
8 Global Honey Market, By Region
8.1 Global Honey Market Share Analysis, By Region
8.2 Global Honey Market Share Analysis, By Region
8.3 Global Honey Market Size and Forecast, By Region
9 North America Honey Market Analysis and Forecast (2021-2030)
9.1 Introduction
9.2 North America Honey Market Share Analysis, By Type
9.3 North America Honey Market Size and Forecast, By Application
9.4 North America Honey Market Size and Forecast, By Packaging
9.5 North America Honey Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Honey Market Analysis and Forecast (2021-2030)
10.1 Introduction
10.2 Europe Honey Market Share Analysis, By Type
10.3 Europe Honey Market Size and Forecast, By Application
10.4 Europe Honey Market Size and Forecast, By Packaging
10.5 Europe Honey Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Honey Market Analysis and Forecast (2021-2030)
11.1 Introduction
11.2 Asia Pacific Honey Market Share Analysis, By Type
11.3 Asia Pacific Honey Market Size and Forecast, By Application
11.4 Asia Pacific Honey Market Size and Forecast, By Packaging
11.5 Asia Pacific Honey Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Honey Market Analysis and Forecast (2021-2030)
12.1 Introduction
12.2 Latin America Honey Market Share Analysis, By Type
12.3 Latin America Honey Market Size and Forecast, By Application
12.4 Latin America Honey Market Size and Forecast, By Packaging
12.5 Latin America Honey Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Honey Market Analysis and Forecast (2021-2030)
13.1 Introduction
13.2 Middle East Honey Market Share Analysis, By Type
13.3 Middle East Honey Market Size and Forecast, By Application
13.4 Middle East Honey Market Size and Forecast, By Packaging
13.5 Middle East Honey Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Beeyond the Hive
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2. Dutch Gold Honey, Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3. Streamland Biological Technology Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Bee Maid Honey Ltd
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Oha Honey LP
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 New Zealand Honey Co
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Barkman Honey, LLC
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Capilano Honey Ltd
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Patanjali Ayurved
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Dabur India Ltd
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
