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Honey Market Trends

Report ID: GMI6851
Published Date: Oct 2023
Report Format: PDF

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Honey Market Trends

The honey industry is expanding due to rising consumer demand for natural and healthy sweeteners, as well as honey's growing appeal for its numerous culinary applications and supposed health advantages. This expansion is being fueled by a focus on ethical sourcing, sustainability, and creative product options, such as flavored and infused honey varieties, as well as expanded market access via e-commerce and worldwide trade.

Authors: Kiran Pulidindi, Manish Dhiman

Frequently Asked Questions (FAQ) :

The market size of honey was worth USD 8.66 billion in 2023 and is estimated to cross USD 13.72 billion by 2032, driven primarily by rising awareness among consumers of the health advantages of honey consumption.

Food and beverages held a dominant market share of around 69.4% in 2022. Honey demand in the F&B sector is increasing as customers seek natural and healthier sweetening options, along with honey's adaptability and distinct flavor profile.

The U.S. honey market was valued at USD 804.2 million in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, favored by the increased demand for honey as a natural sweetener and component in personal care goods, food and drinks, and medications.

Beeyond the Hive, GloryBee, Barkman Honey LLC, Dabur India Ltd., Golden Acres Honey, Capilano Honey Ltd., Savannah Bee Company, New Zealand Honey Co., Streamland Biological Technology Ltd., Bee Maid Honey Ltd, and Oha Honey LP among others.