Honey Market: Online Distribution Channel Segment Is Expected To Register The Fastest Growth Rate
Honey Industry Overview
The global honey market size was valued at USD 8.58 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030. Honey is an excellent source of numerous nutritional ingredients including vitamins, minerals, calcium, and antioxidants. High demand for nutritious food products is a prominent factor driving the market, as people are increasingly becoming more aware of the benefits of living a healthy lifestyle. The growing health concerns in the wake of the COVID-19 pandemic could be a game-changer for the honey sector. Due to its antibacterial, antiviral, and anti-fungal properties, the product is receiving appreciation and wider acceptance as an effective medicine to treat acute cough and throat infection observed in corona-infected patients.
Honey can be used in beverages, processed foods, jams, and jellies and is increasingly used as an ingredient in health and beauty products. The easy availability of a wide range of these products, coupled with the product’s ability to impart a desirable taste in food and beverage products, is aiding the market demand. Moreover, honey contains a number of medical characteristics, including the ability to boost metabolic activity, control blood pressure, lower the risk of diabetes, and even treat burn wounds. Thus, it is widely used in many applications apart from food and beverages, such as cosmetics and pharmaceuticals, which is also estimated to augment the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Honey market
Product manufacturers are coming up with innovative launches to engage an increasing number of consumers. For instance, in July 2021, Dabur launched honey-infused syrups, a new line of syrups and spreads segment. The product has no added sugar and is a healthier version of the classic strawberry syrups and sugary chocolates available in the market. The rising health consciousness among consumers has motivated them to include natural sweeteners in their diets and reduce white sugar usage. The antioxidant and antibacterial properties of natural sweeteners have made them an ideal sweetener choice for consumers. Furthermore, the longer shelf-life of the product and high affordability are other prominent factors that positively impact market growth.
Browse through Grand View Research's Consumer F&B Industry Research Reports.
- Macadamia Nut Market - The global macadamia nut market size was valued at USD 1.58 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 9.3% from 2023 to 2030. Growing public knowledge of the health advantages of nuts and dried fruits has been a key driver in the macadamia market's expansion.
- Edible Oil And Fats Market - The global edible oil and fats market size was valued at USD 464.48 billion in 2022 and is expected to expand at a revenue-based compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
Honey Market Segmentation
Grand View Research has segmented the global honey market on the basis of processing, distribution channel, and region:
Honey Processing Outlook (Revenue, USD Million, 2017 - 2030)
- Organic
- Conventional
Honey Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Others
Honey Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- September 2021: Amul launched a new product, developed by Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) along with National Bee Board. With this step, the government is promoting bee-keeping among small farmers.
- July 2021: Dabur announced its entry into the syrups and spreads segment by launching ‘Dabur Honey Tasties.’ This new product is launched in two flavors - Strawberry and Chocolate.
Key Companies profiled:
Some prominent players in the global honey market include:
- Beeyond the Hive
- Barkman Honey LLC
- Dabur India Ltd.
- Capilano Honey Ltd.
- New Zealand Honey Co.
- Streamland Biological Technology Ltd.
- Oha Honey LP
- Billy Bee Honey Products
- Little Bee Impex
- Dutch Gold Honey, Inc.
Order a free sample PDF of the Honey Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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