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Premium Report Details
Base Year: 2024
Companies covered: 14
Tables & Figures: 205
Countries covered: 19
Pages: 340
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Honey Market
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Honey Market Size
The global honey market size was estimated at USD 9.2 billion in 2024 and is expected to grow at a CAGR of 4.7% from 2025 to 2034, owing to increasing consumer demand for natural sweeteners. The expansion of the market has increased by raw and organic honey products, growing health awareness, and increases need for honey in cosmetic, pharmaceutical, food and beverage industries. Moreover, market growth is facilitated by the increased need for honey as an alternative to sugar in countries suffering from obesity and diabetes.
The emerging market in the Asia Pacific and the Latin America is growing at a fast pace due to the increase in production and export of honey in China, India, and Argentina which are some of the largest producers of honey in the world. In 2022, the top ten honey producing countries at the global level were all together representing 73.6% of the world honey production.
In the U.S. and Europe, there is a rising tendency to demand monofloral honey, which includes New Zealand's Manuka honey. This type of honey has been trending because of its many health benefits. Emphasizing the issues, the international market for honey has robust growth potential, especially for organic and medicinal honey.
Honey is popular in wellness and self-care products beyond traditional culinary applications. Honey's natural antibacterial and moisturizing attributes make it a coveted ingredient in skincare products such as lip balms, lotions, and facial masks. Additionally, E-commerce sites have added a significant boost to the sale of honey, especially with selling high-end and niche honey types to all parts of the world.
Honey Market Trends
Honey Market Analysis
Based on type, the honey market is divided into organic wildflower honey, and monofloral honey (flavoured honey). Monofloral honey segment generated a revenue of USD 6 billion in 2021 and USD 7.4 billion in 2024 at a CAGR of 4.6% due to due to its unique taste, medicinal benefits, and premium positioning.
Based on application, the honey market is divided into food and beverages, personal care and cosmetics, pharmaceuticals, and others. In 2024, food and beverages segment held major market share, accounted for 69.2% share due to the swelling preference of consumers toward healthier and organic substitutes for refined sugar.
Based on distribution channel, the honey market is divided into supermarkets/ hypermarkets, convenience stores, online retailers, and others. Globally, supermarkets/ hypermarkets segment held major market share, accounted for 47.6% share owing to their popularity, variety, and ease of shopping in-person.
China honey market generated a revenue of USD 1.2 billion in 2024 and is projected to grow at a CAGR 4.8% reaching USD 1.9 billion by 2034. This rapid growth is driven by focus of premium honey brands towards the growing middle-class population.
The honey market in the U.S. is expected to experience promising growth from 2025 to 2034 due to growth of increasing demand within the country.
Honey Market Share
Top 5 companies in the honey industry are Comvita, Capilano Honey, Dabur India, Dutch Gold Honey, and Barkman Honey. The market has sharp competition amplified by the presence of large multinational firms, regional producers, and artisan companies. The market structure is fragmented, and top players compete on product quality, price, organic certifications, sustainability, and marketing.
In 2023, the primary market participants held about 35-40% of global market share and a considerable amount of production was conducted in China, Argentina, and India. To stand out, firms are concentrating on premiumization, diversification, and sustainable sourcing. Mergers and acquisitions (M&A), joint venture (JV), and strategic alliances have been growing, permitting firms to improve their market coverage and technology.
The competition regarding pricing is still vigorous, especially within the processed and bulk honey markets that are primarily driven by cheaper producers. However, further investment is being made towards raw, as well as monofloral and infused organics honeys due to the higher margins experienced in premium and organic categories. Innovations for new product designs as well as the further development of e-commerce are also changing competition.
The improvement of accessibility and convenience on digital platforms such as Amazon, Alibaba, and other organic specialized stores is being capitalized by firms. Moreover, these companies are looking to improve their brand image in the eyes of green consumers by investing into sustainability programs such as bee conservation and ethical procurement strategies.
Honey Market Companies
Comvita Limited is a New Zealand headquartered company that is one of the world’s foremost marketers of honey, particularly prominent in the Manuka honey segment. The company has developed a strong foothold across the globe in the U.S., Europe, and Asia by advocating for the health benefits of UMF certified Manuka honey. Comvita spends heavily on scientific research by collaborating with medical institutions to study the antibacterial and wound healing capabilities of honey. To reduce dependency on wholesale distribution channels, Comvita has enhanced its DTC business by increasing e-commerce activities and opening brand exclusive stores in strategically important locations.
Dabur India Ltd. is the largest honey brand in India and Asia, commanding both the processed and raw honey markets. The company has taken advantage of its second strongest distribution network in the FMCG industry in India, making honey available in urban and rural markets alike.
Dabur has carved a niche market for honey by positioning it as a healthcare product and promoting it as an immunity enhancer. In a bid to maintain its market leadership, Dabur constantly puts money into new product development and has recently launched honey with turmeric, ginger, and tulsi to keep up with Ayurveda health trends. The company is also venturing into organic and premium honeys to compete with international brands in the functional foods market.
Some of the eminent market participants operating in the honey market include:
Honey Industry News:
The honey market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) & volume (Tons) from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Application
Market, By Distribution Channel
The above information is provided for the following regions and countries: