Honey

Global Honey Market to Reach US$20.7 Billion by 2030

The global market for Honey estimated at US$13.9 Billion in the year 2024, is expected to reach US$20.7 Billion by 2030, growing at a CAGR of 6.9% over the analysis period 2024-2030. Supermarkets, one of the segments analyzed in the report, is expected to record a 5.6% CAGR and reach US$11.7 Billion by the end of the analysis period. Growth in the Specialty Stores segment is estimated at 7.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.6 Billion While China is Forecast to Grow at 10.3% CAGR

The Honey market in the U.S. is estimated at US$3.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 10.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.0% CAGR.

Global Honey Market: Key Trends & Drivers Summarized

What Factors Are Sweetening the Honey Market`s Growth?

The global honey market has been experiencing steady expansion, driven by a rising preference for natural sweeteners over processed sugars. Consumers are increasingly health-conscious, seeking alternatives that offer nutritional benefits alongside sweetness. Honey, with its antioxidant and antimicrobial properties, fits this demand perfectly.

How Is the Demand for Organic and Specialty Honey Influencing the Market?

There`s a notable surge in demand for organic and specialty honey varieties, such as Manuka and Acacia, which are prized for their unique flavors and health benefits. This trend is particularly prominent among consumers who prioritize organic and sustainably sourced products. 

Why Is the Food and Beverage Industry Buzzing About Honey?

The versatility of honey has led to its widespread adoption in the food and beverage industry. It`s used as a natural sweetener in products ranging from baked goods to beverages, appealing to consumers seeking clean-label ingredients. Additionally, the rise of functional foods has seen honey incorporated for its health-promoting properties, further driving its demand. 

What Drives the Growth in the Honey Market?

The growth in the honey market is driven by several factors reflecting evolving consumer preferences and industry dynamics. The increasing awareness of the health benefits associated with honey, such as its antioxidant properties, has bolstered its consumption. The expanding application of honey in various sectors, including cosmetics and pharmaceuticals, due to its antimicrobial and humectant properties, has opened new avenues for market growth. Furthermore, the rise in disposable incomes and changing dietary patterns have led to higher demand for premium and specialty honey products. Collectively, these drivers underscore a robust market trajectory poised for continued expansion.

SCOPE OF STUDY:

The report analyzes the Honey market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Distribution Channel (Supermarkets, Specialty Stores, Online); Application (Food & Beverages, Cosmetics & Personal Care, Pharmaceutical)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 242 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.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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