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Press Release:

Global Honey Market to Grow at 5.55% During 2022-2027, Strengthened by the Introduction of Different Flavors

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

Honey Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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 thick, sweet and golden-colored liquid produced by bees using the nectar of flowering plants. It is a rich source of antioxidants and essential vitamins and minerals, such as thiamine, niacin, pantothenic acid and riboflavin. Regular consumption of honey aids in strengthening the immune system, improving good cholesterol levels, nourishing the skin and enhancing memory and concentration. Honey is also used as a natural sweetener and for the production of fermented beverages, wine and other alcoholic drinks. As a result, it finds extensive application in the manufacturing of food and beverages, pharmaceuticals, cosmetics and personal care products.

 

 
 

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 Market Trends:

Significant growth in the food and beverage industry across the globe represents one of the key factors creating a positive outlook for the market growth. Moreover, rising health consciousness among the consumers and awareness regarding the medicinal properties of honey are also driving the market growth. Honey improves the efficacy of various pharmaceutical products, such as lozenges and cough syrups, and can be applied topically to heal burn wounds. In line with this, the antioxidants and flavonoids in honey can reduce oxidative stress and inflammation in the body, thereby minimizing the risks of developing cancer and cardiovascular disorders. Additionally, various product innovations, such as the manufacturing of flavored honey using sustainably-sourced dates, flowers, lindens and acacias, are acting as other growth-inducing factors. Product manufacturers are also using aesthetically-appealing packaging solutions and undertaking aggressive promotional activities to attract a wider consumer base. Other factors, including rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities to improve the extraction processes and the easy product availability through proliferating online retail channels, are anticipated to drive the market growth further. 

Key Market Segmentation:

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

Breakup by Type:

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

Breakup by Application:

 

 
 

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

Breakup by Distribution Channel:

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

Breakup by Region:

 

 
 

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  • 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
     

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:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Honey Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Alfalfa Honey
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Date Honey
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Buckwheat Honey
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Acacia Honey
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Clover Honey
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Linden Honey
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7   Market Breakup by Application
    7.1    Food and Beverages
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Personal Care and Cosmetics
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Pharmaceuticals
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Convenience Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Online Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2     Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Barkman Honey LLC
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Bee Maid Honey Limited
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Beeyond the Hive
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Capilano Honey Ltd.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Comvita Limited
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Dabur India Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Dutch Gold Honey Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    New Zealand Honey Co.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Oha Honey LP
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Patanjali Ayurved Limited
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Streamland Biological Technology Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Honey Market: Major Drivers and Challenges
Figure 2: Global: Honey Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Honey Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Honey Market: Breakup by Type (in %), 2021
Figure 5: Global: Honey Market: Breakup by Application (in %), 2021
Figure 6: Global: Honey Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Honey Market: Breakup by Region (in %), 2021
Figure 8: Global: Honey (Alfalfa Honey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Honey (Alfalfa Honey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Honey (Date Honey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Honey (Date Honey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Honey (Buckwheat Honey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Honey (Buckwheat Honey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Honey (Acacia Honey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Honey (Acacia Honey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Honey (Clover Honey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Honey (Clover Honey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Honey (Linden Honey) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Honey (Linden Honey) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Honey (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Honey (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Honey (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Honey (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Honey (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Honey (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Honey (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Honey (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Honey (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Honey (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Honey (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Honey (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Honey (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Honey (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Honey (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Honey (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Honey (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Honey (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Honey Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Honey Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Honey Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Honey Industry: SWOT Analysis
Figure 88: Global: Honey Industry: Value Chain Analysis
Figure 89: Global: Honey Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Honey Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Honey Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Honey Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Honey Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Honey Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Honey Market: Competitive Structure

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Key Questions Answered in This Report

We expect the global honey market to exhibit a CAGR of 5.55% during 2022-2027.

The introduction of flavored honey prepared with sustainably sourced dates, flowers, lindens, and
acacias, is primarily driving the global honey market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
honey.

Based on the type, the global honey market can be segmented into alfalfa honey, date honey,
buckwheat honey, acacia honey, clover honey, linden honey, and others. Currently, buckwheat honey
holds the majority of the total market share.

Based on the application, the global honey market has been divided into food and beverages, personal
care and cosmetics, pharmaceuticals, and others. Among these, the food and beverages sector currently
exhibits a clear dominance in the market.

Based on the distribution channel, the global honey market can be categorized into supermarkets and
hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets
account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global honey market include 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.

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