+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Honey - Global Market Trajectory & Analytics

  • ID: 1206739
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Barkman Honey, LLC
  • Bee Maid Honey Limited
  • Capilano Honey Limited
  • Dabur India Limited
  • Dutch Gold Honey, Inc.
  • HoneyLab Ltd.
  • MORE
Global Honey Market to Reach $11.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Honey estimated at US$8.6 Billion in the year 2020, is projected to reach a revised size of US$11.2 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027. Supermarkets, one of the segments analyzed in the report, is projected to record a 3.6% CAGR and reach US$6.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Stores segment is readjusted to a revised 4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 6% CAGR

The Honey market in the U.S. is estimated at US$2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.2% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Online Segment to Record 4.8% CAGR

In the global Online segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.4 Billion in the year 2020 will reach a projected size of US$1.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 5.9% CAGR through the analysis period.

Select Competitors (Total 116 Featured):
  • Barkman Honey, LLC
  • Bee Maid Honey Limited
  • Capilano Honey Limited
  • Dabur India Limited
  • Dalian Sangdi Honeybee Co., Ltd.
  • Dutch Gold Honey, Inc.
  • Golden Acres Honey Products Ltd.
  • HoneyLab Ltd.
  • PA & SC Steens Ltd.
  • Polar-Honey Finland (Lappi-Hunaja)
  • Rowse Honey Limited
  • Savannah Bee Company
  • Sweet Harvest Foods Inc.
  • Yanbian Baolixiang Beekeeping Co., Ltd.
  • Zhejiang Jiangshan Bee Enterprise Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Barkman Honey, LLC
  • Bee Maid Honey Limited
  • Capilano Honey Limited
  • Dabur India Limited
  • Dutch Gold Honey, Inc.
  • HoneyLab Ltd.
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Honey: Healthy Product of the Nature with Distinctive Properties
  • Honey - Nutrient Composition
  • Natural Honey - Major Enzymes
  • Honey - Total Phenolics and Antioxidant Activity
  • Consumable Honey - Composition Criteria
  • Global Market for Honey: Key Insights
  • Major Growth Driving Factors in a Nutshell
  • Recent Market Activity
  • Myriad Health and Healing Benefits Drive Widespread Demand for Honey
  • Functional Properties of Honey - Select Applications
  • Antimicrobial and Wound Healing Characteristics of Honey
  • Factors Inducing Antibacterial Properties in Honey
  • Antioxidative Properties of Minor Constituents of Honey
  • Leading Honey Producing Countries Worldwide: Snapshot Profiles
  • Natural Honey Exporting Countries Summarized
  • Global Market Outlook
  • Developing Countries Drive Current and Future Market Growth
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Barkman Honey, LLC (USA)
  • Bee Maid Honey Limited (Canada)
  • Billy Bee Honey Products Company (Canada)
  • Capilano Honey Limited (Australia)
  • Comvita Limited (New Zealand)
  • Dabur India Limited (India)
  • Dalian Sangdi Honeybee Co., Ltd. (China)
  • Dutch Gold Honey, Inc. (USA)
  • Golden Acres Honey Products Ltd. (Canada)
  • HoneyLab Ltd. (New Zealand)
  • Little Bee Impex Private Limited (India)
  • PA & SC Steens Ltd. (New Zealand)
  • Polar-Honey Finland (Lappi-Hunaja) (Finland)
  • Rowse Honey Limited (UK)
  • Savannah Bee Company (USA)
  • Shanghai Guanshengyuan Food Co., Ltd. (China)
  • Sioux Honey Association, Cooperative (USA)
  • Sweet Harvest Foods Inc. (USA)
  • Yanbian Baolixiang Beekeeping Co., Ltd. (China)
  • Zhejiang Jiangshan Bee Enterprise Co., Ltd. (China)
3. MARKET TRENDS & DRIVERS
  • Growing Popularity of Honey as a Sugar Substitute Drive Healthy Demand from the Foods and Beverages Industry
  • Honey as an Ideal Sugar Substitute in Beverages
  • Proven Antibacterial and Anti-inflammatory Properties Drive Consumer Interest in Manuka Honey
  • Illegal "Honey Laundering" Affects Global Market Prospects
  • Innovations and Advancements: Spearheading Growth
  • Robot Bees: An Innovative Alternative for Honey-Making and Pollinating Crop
  • Bee Smart™: A Remote System for Managing Beehives
  • Flow™ Hive Set to Revolutionize Honey Harvesting
  • Increasing Preference for Organic, Low-Fat, and Low-Cal Food Products Bodes Well for Market Growth
  • Alarming Rise in Obesity Drives Demand for Honey as a Weight Management and Weight Loss Diet Option
  • Metabolism Stimulating Power of Honey Helps in Weight Loss & Weight Management
  • Epidemic Proportions of Obesity Lead to Increased Focus on Weight Management
  • Favorable Demographic and Economic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • Exponential Increase in Urban Population
  • Rising Disposable Incomes
  • Shift Towards Less Invasive Treatments
  • Growing Middle Class Population
  • Honey: A Prime Target for Economically-Motivated Adulteration (EMA)?
  • Loss of Honeybee Populations: A Major Cause of Concern
  • Rising Significance of Restoring Agricultural Ecosystems Augurs Well for Bee Population
  • Bee Conservation: Towards Eco-friendliness and Sustainability
  • Micro-Sensors: Towards Improving Survival Rate of Bees
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 116
Note: Product cover images may vary from those shown
  • Barkman Honey, LLC
  • Bee Maid Honey Limited
  • Capilano Honey Limited
  • Dabur India Limited
  • Dalian Sangdi Honeybee Co. Ltd.
  • Dutch Gold Honey, Inc.
  • Golden Acres Honey Products Ltd.
  • HoneyLab Ltd.
  • PA & SC Steens Ltd.
  • Polar-Honey Finland (Lappi-Hunaja)
  • Rowse Honey Limited
  • Savannah Bee Company
  • Sweet Harvest Foods Inc.
  • Yanbian Baolixiang Beekeeping Co. Ltd.
  • Zhejiang Jiangshan Bee Enterprise Co. Ltd.
Note: Product cover images may vary from those shown
Adroll
adroll