Global Honey Food Market Insights Forecasts to 2033

• The Global Honey Food Market Size was Valued at USD 8.94 Billion in 2023
• The Market Size is Growing at a CAGR of 4.98% from 2023 to 2033
• The Worldwide Global Honey Food Market Size is Expected to Reach USD 14.53 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Honey Food Market Size is Anticipated to Exceed USD 14.53 Billion by 2033, Growing at a CAGR of 4.98% from 2023 to 2033. The honey food market is experiencing significant growth due to increasing consumer demand for natural and healthier sweeteners. Rising awareness of honey's health benefits and its use in various food and beverage products further drive market expansion.

GLOBAL HONEY FOOD MARKET REPORT OVERVIEW

Honey food is a sweet, viscous substance produced by honey bees from flower nectar. Rich in vitamins, natural sugars, calcium, and minerals, it has become a popular alternative to table sugar due to its numerous health benefits, including being naturally fat-free, cholesterol-free, and boosting immunity.

The global honey food market is witnessing significant growth driven by increasing consumer preference for natural and healthier sweeteners. Manufacturers are focusing on producing high-quality honey products, including raw, organic, and flavored honey, to meet diverse consumer demands. The rise in health consciousness, coupled with endorsements from health organizations like the WHO for honey's benefits in cough relief and immunity boosting, has further accelerated market demand. Strategic investments in sustainable beekeeping practices, innovative product development, and expanding distribution networks are crucial for capturing market share and addressing the growing global appetite for honey food products.

For instance, In March 2023, Bagrry’s India, a leading brand in the Indian breakfast cereals and health food market, unveiled a new product called Bagrry’s Organic Wild Honey. Known for its diverse range of products such as oats, mueslis, cornflakes, muesli bars, nut butter, and bran, the brand has introduced this latest addition to its lineup.

Report Coverage

This research report categorizes the market for the global honey food market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global honey food market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global honey food market.

DRIVING FACTORS:  

“Increasing Health Awareness”

Increasing health awareness is a major driver of the global honey food market, as consumers are increasingly prioritizing natural and nutritious food choices. With a growing emphasis on avoiding refined sugars and artificial ingredients, honey has become a preferred alternative due to its natural sweetness and health benefits, including essential vitamins, minerals, and antioxidants. Its reputation as a remedy for common health issues, such as coughs and inflammation, further boosts its appeal. This shift towards healthier eating habits encourages manufacturers to develop and market honey-based products, thereby expanding the market and meeting the rising demand for natural and wholesome sweeteners.

RESTRAINING FACTORS:

“Climate Change and Honeybee Health”

The honey bee population is essential for honey production, but its health is increasingly threatened by climate change, habitat loss, and pesticide use. These factors can result in reduced honey production and potentially disrupt the entire honey food market. To address these challenges, sustainable beekeeping practices are being adopted, including efforts to restore natural habitats and minimize pesticide impacts.

Market Segmentation

The global honey food market share is classified into type, application, and distribution channel.

Which segment is expected to hold the largest share of the global honey food market during the forecast period?

“The conventional segment dominates the market with the highest market share over the forecast period”

Based on the type, the global honey food market is categorized into raw, conventional, processed, organic, manuka, clover, and others. Conventional honey is expected to hold the highest market share due to its cost-effectiveness, widespread availability, and well-known flavor that resonates with a diverse consumer base. Its affordability makes it an attractive option for budget-conscious consumers, while its extensive presence in grocery stores and food products ensures easy accessibility. Additionally, the familiar taste of conventional honey appeals to a wide range of tastes and preferences, solidifying its position as the leading choice in the honey market. As a result, conventional honey continues to dominate the market, catering to both everyday consumers and those seeking a reliable, traditional sweetener.

Why spreading is Preferred over Beverage, Culinary, and Medicinal?

“Honey’s popularity as a versatile breakfast spread”

Based on the application, the global honey food market is categorized into spreading, beverage, culinary, and medicinal. This dominance is largely due to honey's long-standing role as a popular breakfast spread, favored for its natural sweetness and ease of use. Its versatility allows it to be enjoyed on a wide array of foods, from toast and muffins to pancakes and waffles, further cementing its appeal. Additionally, the convenience of honey as a ready-to-use spread makes it a staple in many households, contributing to its leading position in the market. The continued popularity of honey as a breakfast item, along with its expanding use in various culinary applications, drives its strong market presence in the spreading segment.

Which segment is anticipated to dominate the global honey food market during the forecast period?

“The supermarkets/hypermarkets segment dominates the market with the highest market share over the forecast period”

Based on the distribution channel, the global honey food market is categorized into supermarkets/hypermarkets, convenience stores, online retail, and specialty stores. Supermarkets and hypermarkets dominate the market share for honey food products, primarily due to their widespread availability and broad consumer reach. These retail outlets are the primary sales channels for honey products, offering a diverse range of options under one roof, which makes it convenient for consumers to purchase. Their extensive networks and high foot traffic ensure that honey food products are accessible to a large audience, contributing to their leading market position. The ability of supermarkets and hypermarkets to stock a variety of honey brands and types further enhances their appeal and solidifies their role as the top sales venues for honey food products.

Regional Segment Analysis of the Global Honey Food Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Which region is expected to hold the largest share of the global honey food market over the forecast period?

“North America is anticipated to hold the largest share of the global honey food market over the forecast period”

North America is expected to lead the market share due to the widespread consumption of honey, which is valued for its readily available sugars, proteins, amino acids, and minerals. According to the US Department of Agriculture (USDA), nearly 2.67 million honey-producing colonies generated 1.47 million pounds of raw honey in the U.S. in 2017. The National Honey Board reported that the annual per capita honey consumption in the U.S. was approximately 1.51 pounds in 2017, reflecting a significant increase from the 0.5 pounds consumed per person in 1990. This rising consumption trend underscores North America's strong position in the honey food market.

Why Asia Pacific is growing at the fastest CAGR in the global honey food market?

“Healthcare expansion, demand for procedures, and innovation drive market growth”

Asia Pacific is projected to experience substantial growth due to the prominent apiculture industry in countries like India and China, coupled with increasing health awareness among consumers. Both China and India are major producers and consumers of honey. In India, honey has long been used for its benefits in relieving coughs, reducing inflammation, and boosting immunity. These factors are anticipated to collectively drive significant growth in the regional honey market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global honey food market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• McCormick & Company, Inc.,
• Dabur India Ltd.,
• Capilano Group,
• Barkman Honey, LLC.,
• Bee Maid Honey Limited,
• Comvita Limited,
• Beeyond the Hive,
• Lamex Food Group Limited,
• New Zealand Honey Co.,
• Dutch Gold Honey.
• Billy Bee Honey Products
• Pastili Limited
• MeliBio
• Saffola Honey
• Bagrry’s India
• Others

Recent Developments

• In February 2024, Marico’s Saffola Honey is unveiled a refreshed packaging design for Saffola Honey Active on Sundarbans Day, February 14. In conjunction with this update, the brand has also launched a CGI video as part of its promotional campaign.

• In December 2022, A partnership was established between U.S.-based MeliBio and organic food producer Narayan Foods to launch MeliBio’s plant-based, bee-free honey in Europe under the Better Foodie Brand.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global honey food market based on the below-mentioned segments: 

Global Honey Food Market, By Type

• Raw
• Conventional
• Processed
• Organic
• Manuka
• Clover
• Others

Global Honey Food Market, By Application

• Spreading
• Beverage
• Culinary
• Medicinal

Global Honey Food Market, By Distribution Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Specialty Stores

Global Honey Food Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa