Global Honey Market Overview:

The global honey market is expected to exhibit a CAGR of 5.55% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Honey is a sweet, viscous, and golden-colored nutritional product prepared in the honey sacs of bees using the nectar of flowers. It is a rich source of vitamins, antioxidants, and minerals, such as riboflavin, niacin, thiamine, and pantothenic acid. Its regular consumption offers numerous health benefits, such as nourishing the skin, boosting the immune system, improving memory and concentration, and enhancing good cholesterol levels. Additionally, it contains flavonoids that help reduce oxidative stress and inflammation in the body. Besides this, as it possesses anti-microbial, antiviral and antibacterial properties, honey is widely used as a natural sweetener in fermented beverages, wine, and other alcoholic drinks.

Honey Market Trends:

The growing global geriatric population and the rising prevalence of several chronic medical ailments, such as diabetes, obesity, heart disease, and cancer, represent one of the key factors positively influencing the market. In addition, the escalating demand for immunity-boosting and health-improving products is strengthening the growth of the market. Apart from this, the rising health consciousness among individuals and the growing awareness about the medicinal properties of honey is creating a positive outlook for the market. Additionally, scientific validation of the medicinal properties of honey and its growing usage as a premium ingredient in formulating medicines for treating acute throat infections, cough, and cold are contributing to market growth. In line with this, manufacturers are focusing on expanding their consumer base by launching different honey flavors, such as ajwain, tulsi, eucalyptus, and Jamun. Furthermore, the expansion of organized distribution channels and the emerging trend of online shopping are offering lucrative growth opportunities to manufacturers. Moreover, the increasing investments by leading industry players in extensive research and development (R&D) activities to improve extraction processes and introduce enhanced product variants are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global honey market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application, and distribution channel. 

Breakup by Type:

• Alfalfa Honey
• Date Honey
• Buckwheat Honey
• Acacia Honey
• Clover Honey
• Linden Honey
• Others

On the basis of product type, the market has been classified into alfalfa, date, buckwheat, acacia, clover, linden, and other honey variants

Breakup by Application:

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

On the basis of application, the market has been segmented into food and beverages, personal care and cosmetics, pharmaceuticals, and others.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Online Stores
• Others

Based on the distribution channel, the market has been divided into supermarkets and hypermarkets, convenience stores, online stores, and others.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

On the basis of region, the market has been segregated into North America (Canada and United States), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and Others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles 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 Coverage: