What is the global market size of Honey Market?

Honey Market size was valued at USD 8.58 billion in 2021 and is poised to grow from USD 9.03 billion in 2022 to USD 12.9 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

Global Honey Market Size, Share, Growth Analysis, By Type(Alfalfa, Wildflower), By Application(Food & Beverages, Personal Care & Cosmetics), By Packaging(Glass Jar, Bottle) - Industry Forecast 2024-2031

Report ID: SQSG30C2014 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 95 | Figures: 76

Global Honey Market News

In August 2022, Dabur India Ltd. acquired an entire stake in Asian consumer care from a JV partner for Rs 51 Cr.
In July 2022, Nestlé acquired NZ supplements-to-honey supplier The Better Health Company. The world’s largest food maker has made yet another health-focused acquisition.

Global Honey Market Report Snapshots

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Honey Market size was valued at USD 8.58 billion in 2019 and is poised to grow from USD 9.03 billion in 2023 to USD 12.9 billion by 2031, growing at a CAGR of 5.2% in the forecast period (2024-2031).

Global Honey market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Dutch Gold Honey', 'Barkman Honey', 'Sioux Honey Association', 'Rowse Honey', 'Capilano Honey', 'Comvita Limited', 'Bee Maid Honey', 'Billy Bee Honey Products', 'Dabur India Ltd.', 'HoneyLab Ltd.', 'Steens Honey', 'The Honey Company', 'The Savannah Bee Company', 'Wedderspoon Organic Inc.', 'Golden Acres Honey', 'Langnese Honey', 'Manuka Health New Zealand Ltd.', 'Mileeven Fine Foods', 'Nektar Naturals', 'Y.S. Eco Bee Farms'

Artificial sweeteners increase the risk of obesity, high cholesterol, mineral depletion, tooth decay, hypertension, and cardiovascular diseases. They also contribute to the development of Type 2 diabetes, metabolic syndrome, and a variety of cancers and tumors. The glycemic index (GI) of honey, on the other hand, is lower, which means that it does not quickly raise blood sugar levels. Additionally, honey is rich in antioxidants, which have a significant positive impact on the human body. Natural honey, which is a pure, unprocessed, and unpasteurized sweetener made by bees from flower nectar, is renowned for its extraordinary nutritional value and therapeutic properties. Because of its health advantages, honey is increasingly recommended as an alternative to sugar.

As consumer habits change, organic honey is becoming more and more popular in the personal care industry. Consumers are taking precautions to avoid any potentially hazardous ingredients as they become more knowledgeable about the ingredients used in personal care products. In the cosmetics industry, organic honey is used as a mild exfoliator to maintain moisture in products, preserve aroma, and nourish skin.

Asia Pacific is expected to control the Honey market share. China, followed by India, produces and consumes the most honey in the Asia-Pacific region. The reason for the increase in domestic honey production in China is due to its vast territory, abundant nectar source, large population, and rising standard of living. Growing consumer preference for wholesome and delicious eating habits is accelerating market expansion. In comparison to sugar, honey is a more readily available staple food in China. China consumed more than 300,000 metric tonnes of honey annually in 2020, a country with a population of over 1.4 billion.

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Global Honey Market Size, Share, Growth Analysis, By Type(Alfalfa, Wildflower), By Application(Food & Beverages, Personal Care & Cosmetics), By Packaging(Glass Jar, Bottle) - Industry Forecast 2024-2031

Global Honey Market News

Global Honey Market Report Snapshots

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