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Honey Market Size, Share & Trends Analysis Report By Processing (Organic, Conventional), By Distribution Channel (Hypermarkets & Supermarkets, Online, Convenience Stores), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 90 Pages
  • July 2023
  • Region: Global
  • Grand View Research
  • ID: 5415620
Description Jump to:
The global honey market size is expected to reach USD 13.57 billion by 2030, registering a CAGR of 5.3% during the forecast period. Increased demand for nutritious and natural sugar alternatives and healthy spreads is expected to drive the market. The growing demand for vegan and organic honey products, including soups, challah, and hot toddy, is likely to fuel the overall growth of this market.

In addition, inclination towards the use of natural ingredients including honey by several pharmaceutical companies for treatments, such as hemodialysis, diabetic foot ulcers (DFUs), autolytic debridement, mucositis, vernal keratoconjunctivitis, and hemorrhoid, will fuel the market growth. Honey infused with natural ingredients helps boost the body’s healing process at a faster rate.

The conventional processing segment held the largest revenue share in 2022 and is expected to maintain its lead over the forecast period. The popularity of these products due to a variety of applications in the food and beverages and beauty and personal care industries is the key factor driving the segment. New product launches by companies in this segment are projected to fuel the market growth.

The hypermarkets and supermarkets distribution channel segment held the largest revenue share in 2022. Owing to the shopping experience offered by these establishments, a large percentage of people prefer to buy products from hypermarkets and supermarkets. Other key reasons contributing to the expansion of this distribution channel are the opportunity to physically inspect these products and the assistance provided. The market is characterized by the presence of a few well-established players and several small and medium players.

Honey Market Report Highlights

  • The organic processing segment is projected to register the fastest CAGR of 5.9% from 2023 to 2030 as manufacturers are launching various organic products owing to consumer demand
  • The online distribution channel segment is expected to register the fastest growth rate during the forecast period owing to a shift in consumer shopping behavior. Due to the availability of doorstep delivery, easy payment methods, and significant discounts, consumers prefer buying honey products from online websites
  • Asia Pacific is expected to register the highest CAGR from 2023 to 2030 due to the emerging markets of China and India. The growing number of new product launches and rising concerns over health are likely to positively influence the growth of the Asia Pacific market

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. The Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Processing Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
2.5. Competition Outlook
Chapter 3. Honey Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings
Chapter 5. Honey Market: Processing Estimates & Trend Analysis
5.1. Processing Movement Analysis & Market Share, 2022 & 2030
5.2. Organic
5.2.1. Organic honey market estimates and forecast, 2017 - 2030, (USD Million)
5.3. Conventional
5.3.1. Conventional honey market estimates and forecast, 2017 - 2030, (USD Million)
Chapter 6. Honey Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
6.2. Hypermarkets/Supermarkets
6.2.1. Honey market estimates and forecast through hypermarkets/supermarkets, 2017 - 2030, (USD Million)
6.3. Convenience Stores
6.3.1. Honey market estimates and forecast through convenience stores, 2017 - 2030, (USD Million)
6.4. Online Retailers
6.4.1. Honey market estimates and forecast through online retailers, 2017 - 2030, (USD Million)
6.5. Others
6.5.1. Honey market estimates and forecast through other distribution channels, 2017 - 2030, (USD Million)
Chapter 7. Honey Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2022 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.2.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.2.4.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.2.5.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.2.6.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.3.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.3.4.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.3.5.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.3.6.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.3.7.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.3.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.3.8. Spain
7.3.8.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.3.8.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.3.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.4.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.4.4.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.4.5. Japan
7.4.5.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.4.5.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.4.6. India
7.4.6.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.4.6.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.4.7. South Korea
7.4.7.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.4.7.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.4.8. Australia
7.4.8.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.4.8.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.4.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.5.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.5.4.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.6.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030, (USD Million)
7.6.4.2. Market estimates and forecast, by processing, 2017 - 2030, (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030, (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2022 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include:
8.9.1. Beeyond the Hive
8.9.2. Barkman Honey LLC
8.9.3. Dabur India Ltd.
8.9.4. Capilano Honey Ltd.
8.9.5. New Zealand Honey Co.
8.9.6. Streamland Biological Technology Ltd.
8.9.7. Oha Honey LP
8.9.8. Billy Bee Honey Products
8.9.9. Little Bee Impex
8.9.10. Dutch Gold Honey, Inc.
List of Tables
Table 1. Honey Market - Key Market Driver Analysis
Table 2. Honey Market - Key Market Restraint Analysis
Table 3. Honey market estimates & forecast, by processing (USD Million)
Table 4. Honey market estimates & forecast, by distribution channel (USD Million)
Table 5. U.S. macro-economic outlook
Table 6. Canada macro-economic outlook
Table 7. Mexico macro-economic outlook
Table 8. Germany macro-economic outlook
Table 9. U.K. macro-economic outlook
Table 10. France macro-economic outlook
Table 11. Italy macro-economic outlook
Table 12. Spain macro-economic outlook
Table 13. China macro-economic outlook
Table 14. India macro-economic outlook
Table 15. Japan macro-economic outlook
Table 16. Australia macro-economic outlook
Table 17. South Korea macro-economic outlook
Table 18. Brazil macro-economic outlook
Table 19. South Africa macro-economic outlook
Table 20. Recent developments & impact analysis, by key market participants
Table 21. Company market share, 2022
Table 22. Company heat map analysis
List of Figures
Fig. 1 Honey market segmentation
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research approaches
Fig. 5 Primary research process
Fig. 6 Market snapshot
Fig. 7 Segment snapshot
Fig. 8 Competitive landscape Snapshot
Fig. 9 Global honey market size, 2017 to 2030 (USD Million)
Fig. 10 Honey market: Value chain analysis
Fig. 11 Honey market: Profit-margin analysis
Fig. 12 Honey market: Dynamics
Fig. 13 Honey market: Porter’s five forces analysis
Fig. 14 Factors influencing buying decisions for honey
Fig. 15 Honey market, by processing: Key takeaways
Fig. 16 Honey market, by processing: Market share, 2022 & 2030
Fig. 17 Organic honey market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 18 Conventional honey market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 19 Honey market, by distribution channel: Key takeaways
Fig. 20 Honey market, by distribution channel: Market share, 2022 & 2030
Fig. 21 Honey market estimates & forecasts, through supermarkets/hypermarkets, 2017 - 2030 (USD Million)
Fig. 22 Honey market estimates & forecasts, through convenience stores, 2017 - 2030 (USD Million)
Fig. 23 Honey market estimates & forecasts, through online retailers, 2017 - 2030 (USD Million)
Fig. 24 Honey market estimates & forecasts, through other distribution channels, 2017 - 2030 (USD Million)
Fig. 25 Honey market revenue, by region, 2022 & 2030 (USD Million)
Fig. 26 Regional marketplace: Key takeaways
Fig. 27 North America honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 28 US honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 29 Canada honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 30 Mexico honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 31 Europe honey market estimates & forecast, 2017- 2030 (USD Million)
Fig. 32 Germany honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 33 UK honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 34 France honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 35 Italy honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 36 Spain honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 37 Asia Pacific honey market estimates & forecast, 2017- 2030 (USD Million)
Fig. 38 China honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 39 India honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 40 Japan honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 41 South Korea honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 42 Australia honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 43 Middle East & Africa honey market estimates & forecast, 2017- 2030 (USD Million)
Fig. 44 South Africa honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 45 Central and South America honey market estimates & forecast, 2017- 2030 (USD Million)
Fig. 46 Brazil honey market estimates & forecast, 2017 - 2030 (USD Million)
Fig. 47 Company market share analysis, 2022
Fig. 48 Strategic framework of honey market

Companies Mentioned

  • Beeyond the Hive
  • Barkman Honey LLC
  • Dabur India Ltd.
  • Capilano Honey Ltd.
  • New Zealand Honey Co.
  • Streamland Biological Technology Ltd.
  • Oha Honey LP
  • Billy Bee Honey Products
  • Little Bee Impex
  • Dutch Gold Honey, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages90
PublishedJuly 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 9.01 billion
Forecasted Market Value ( USD ) by 2030 $ 13.57 billion
Compound Annual Growth Rate5.3%
Regions CoveredGlobal
No. of Companies Mentioned10

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