Global Honey Market to Grow at 5.3% During 2023-2028, Strengthened by the Introduction of Different Flavors

May 10, 2021 | Retail

The latest report by IMARC Group, titled “Honey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, finds that the global honey market is expected to grow at a CAGR of 5.3% during 2023-2028. Honey is a sweet, viscous, dark golden-colored liquid that is obtained from the beehives. Bees produce honey using regurgitation and enzymatic activity of the nectar that churns out sugary secretions of plants and flowers. It contains high levels of monosaccharides, fructose and glucose, which provide sweetness. Honey can be stored for a long time due to its unique chemical composition and antiseptic and antimicrobial properties. It is also known to promote debridement and speed up the healing process by stimulating wound tissues.


Global Honey Market Trends: 

The global honey market is primarily driven by the increasing demand for nutritious food products. Honey consists of various essential nutrients, including vitamins, minerals, antioxidants, and calcium, due to which it is used in both food and non-food applications. Apart from this, the growing awareness regarding the health benefits associated with the consumption of honey, such as improving metabolic activity, maintaining blood pressure levels, reducing the risk of diabetes, and healing burn wounds, is also contributing to the market growth. Furthermore, honey finds a wide variety of applications in the food and beverage, cosmetics, and pharmaceutical industries. It is also utilized as a replacement for sugar and artificial sweeteners and in the production of fermented beverages, wine and alcoholic drinks. Moreover, with the extensive research and development (R&D) activities, market players have introduced a variety of honey flavors like tulsi, ajwain, eucalyptus and jamun. 


Market Summary: 

  • Based on the type, the market has been segmented into Alfalfa, date, buckwheat, acacia, clover, linden, and other types of honey.
  • On the basis of the application, the market has been classified into food and beverages, personal care and cosmetics, pharmaceuticals, and others.
  • The market has been categorized based on the distribution channel into supermarkets and hypermarkets, convenience stores, online stores, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Barkman Honey LLC, Bee Maid Honey Limited, Beeyond the Hive, Capilano Honey Ltd., Comvita Limited, Dabur India Ltd., Dutch Gold Honey Inc., New Zealand Honey Co, Oha Honey LP, Patanjali Ayurved Limited, and Streamland Biological Technology Ltd.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Barkman Honey LLC, Bee Maid Honey Limited, Beeyond the Hive, Capilano Honey Ltd., Comvita Limited, Dabur India Ltd., Dutch Gold Honey Inc., New Zealand Honey Co, Oha Honey LP, Patanjali Ayurved Limited and Streamland Biological Technology Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Honey Market to Grow at 5.3% During 2023-2028, Strengthened by the Introduction of Different Flavors
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