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Press Release:

Global Honey Market to Exhibit Moderate Growth During 2021-2026, 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 2021-2026

Global Honey Market Overview:

The global honey market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to continue its moderate growth during 2021-2026. 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.

 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 report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, application and distribution channel.

Breakup by Type:

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

Breakup by Application:

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

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Stores
  • 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
     

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.

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$), 2015-2020
Figure 3: Global: Honey Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Honey Market: Breakup by Type (in %), 2020
Figure 5: Global: Honey Market: Breakup by Application (in %), 2020
Figure 6: Global: Honey Market: Breakup by Distribution Channel (in %), 2020
Figure 7: Global: Honey Market: Breakup by Region (in %), 2020
Figure 8: Global: Honey (Alfalfa Honey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Honey (Alfalfa Honey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Honey (Date Honey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Honey (Date Honey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Honey (Buckwheat Honey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Honey (Buckwheat Honey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Honey (Acacia Honey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Honey (Acacia Honey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Honey (Clover Honey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Honey (Clover Honey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Honey (Linden Honey) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Honey (Linden Honey) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Honey (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Honey (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Honey (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Honey (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Honey (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Honey (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Honey (Pharmaceuticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Honey (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Honey (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Honey (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Honey (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Honey (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Honey (Convenience Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Honey (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Honey (Online Stores) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Honey (Online Stores) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Honey (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Honey (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: North America: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: North America: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: United States: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: United States: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Canada: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Canada: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Asia-Pacific: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Asia-Pacific: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: China: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: China: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Japan: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Japan: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: India: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: India: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: South Korea: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: South Korea: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Australia: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Australia: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Indonesia: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Indonesia: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Others: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Others: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Europe: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Europe: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Germany: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Germany: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: France: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: France: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: United Kingdom: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: United Kingdom: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Italy: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Italy: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Spain: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Spain: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Russia: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Russia: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Latin America: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Latin America: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Brazil: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Brazil: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Mexico: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Mexico: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Others: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Others: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Middle East and Africa: Honey Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Middle East and Africa: Honey Market: Breakup by Country (in %), 2020
Figure 86: Middle East and Africa: Honey Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Honey Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Honey Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Honey Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: Global: Honey Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Honey Market: Competitive Structure
Table 7: Global: Honey Market: Key Players

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Key Question Answered in this Report

The global honey market grew at a CAGR of around 6% during 2015-2020.

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.

The increasing usage of honey in the preparation of various bakery products, such as cakes, pastries, tarts, pies, etc., represents one of the factors catalyzing the global honey market.

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, where Buckwheat honey accounts for the highest market share in the market.

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

Based on the distribution channel, the global honey market can be bifurcated into supermarkets and hypermarkets, convenience stores, online stores, and others. Currently, supermarkets and hypermarkets hold 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 Europe currently dominates the global honey 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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