Honey Market to Grow with a CAGR of 5.5% Globally through 2028
Rising popularity of honey as a sweetener and growing
demand for natural and organic products are factors driving the global honey
market in the forecast period 2024-2028.
According to TechSci Research report, “Global Honey
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Honey Market stood at USD 9.32 billion in
2022 and is anticipated to grow with a CAGR of 5.5% in the forecast period,
2024-2028. Global honey production and consumption are integral components of
the food industry and ecosystems worldwide. Honey, a natural sweetener created
by bees from flower nectar, holds a cherished place in culinary traditions and
boasts potential health benefits. The global honey market is marked by diverse
flavors and types, influenced by regional floral sources. However, it confronts
challenges such as declining bee populations due to Colony Collapse Disorder,
honey adulteration, environmental concerns like habitat loss and climate
change, and complex international trade dynamics. Balancing consumer demand for
natural, sustainable honey with bee conservation and industry sustainability
remains a crucial task in this thriving global industry.
Browse over XX market data Figures spread
through XXX Pages and an in-depth TOC on "Global Honey
Market”.
Honey production takes place on nearly every
continent, with bees busily foraging on a diverse array of plants and flowers.
This geographic diversity results in a remarkable variety of honey types and
flavors, each with its unique taste profile. From the delicate and mild acacia
honey of Europe to the robust and aromatic manuka honey of New Zealand, honey's
flavors are a reflection of the ecosystems and floral sources available to
bees.
Beyond its delightful taste, honey offers a range of
potential health benefits. Raw and unprocessed honey, in particular, contains
enzymes, antioxidants, and antimicrobial properties, making it a sought-after
natural remedy for ailments like sore throats and allergies. This nutritional
richness has contributed to the rising consumer demand for honey as a healthier
alternative to refined sugar and artificial sweeteners.
However, the global honey industry faces several
significant challenges. One of the most pressing issues is the alarming decline
in honeybee populations. Colony Collapse Disorder (CCD), a phenomenon where
entire bee colonies vanish suddenly, is a cause for concern. While the precise
cause of CCD remains elusive, it is widely attributed to a combination of
factors. Pesticides, notably neonicotinoids, habitat loss due to urbanization
and agricultural expansion, climate change, and the spread of diseases like
Nosema and Varroa destructor mites all contribute to the stress and
vulnerability of honeybee populations.
The decline in honeybee populations is a matter of
global significance because honeybees play an indispensable role as pollinators
in agriculture. They ensure the fertilization of numerous crops, including
fruits, vegetables, and nuts, contributing significantly to global food
security. A diminished bee population could lead to reduced crop yields,
threatening food production and food supply chains.
Another challenge confronting the global honey
industry is honey adulteration and mislabeling. Unscrupulous actors often
dilute pure honey with additives such as high-fructose corn syrup or water to
increase profits, deceiving consumers and undermining the authenticity of
genuine honey products. Furthermore, honey is sometimes mislabeled with false
claims regarding its origin, purity, or quality, creating confusion for
consumers. Regulating and detecting honey adulteration has become a complex and
ongoing challenge, necessitating stricter standards and transparent labeling
practices.
Climate change also poses a substantial challenge to
honey production. Rising temperatures, shifting precipitation patterns, and
extreme weather events can disrupt the availability and quality of floral
resources for bees. These changes can lead to a mismatch in timing between
blooming plants and bee foraging, making it difficult for bees to find adequate
food sources. In regions with erratic weather patterns, honey producers face
uncertainties in honey production and quality.
The global honey market is segmented into processing,
packaging, sales channel, regional distribution, and company.
Based on processing, the market is segmented into organic,
conventional.
Based on packaging, the market is further segmented
into bottle, glass jar, tub, others.
Bottle packaging is emerging as the fastest-growing
segment in the global honey industry. This trend is propelled by consumers'
preference for convenient and environmentally friendly options. Bottles offer
easy dispensing, mess-free usage, and reusable packaging, aligning with
sustainability goals. Moreover, they provide a transparent view of the honey,
enhancing consumer trust and showcasing honey's natural colors and textures.
The popularity of honey-filled bottles has surged due to their shelf appeal,
versatility, and compatibility with modern lifestyles. As consumers seek
premium, organic, and specialty honey varieties, bottles serve as the ideal
choice, fueling their rapid growth in the global honey market.
Based on sales channel, the market is segmented into departmental
stores, pharmacies, hypermarkets/supermarkets, online, others (direct sales,
etc.).
Based on region, the market is divided into North
America, Europe, Asia Pacific, South America, Middle East & Africa.
Major companies operating in Global Honey Market
are:
- Dabur India Ltd.
- Barkman Honey LLC
- New Zealand Honey Co.
- Oha Honey LP
- Dutch Gold Honey, Inc.
- Streamland Biological Technology Ltd.
- Beeyond the Hive
- Billy Bee Honey Products
- Little Bee Impex
- Capilano Honey Ltd.
Download
Free Sample Report
Customers can also request for 10%
free customization on this report.
“Global honey production and consumption are driven by
several key factors. Consumer demand for natural and healthy sweeteners is on
the rise, with raw and unprocessed honey gaining popularity. Sustainability and
bee-friendly practices are essential considerations, as declining honeybee populations
pose a significant challenge. Technological advancements play a role in
enhancing production efficiency and ensuring quality. Additionally, diverse
honey varieties and flavors have captured consumer interest, promoting niche
markets and unique offerings. As the industry adapts to these trends, it faces
challenges like honey adulteration, climate change impacts, and trade
complexities. The global honey industry's future relies on balancing these
trends and addressing its challenges sustainably.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Honey
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Processing (Organic, Conventional), By Packaging (Bottle, Glass
Jar, Tub, Others), By Sales Channel (Departmental Stores, Pharmacies,
Hypermarkets/Supermarkets, Online, Others (Direct Sales, etc.)), By Region,
Competition”, has evaluated the future growth potential of global honey
market and provides statistics & information on market size, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global honey market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: www.techsciresearch.com