Honey Market Overview

In 2021, the honey market was estimated to be worth USD 10.5 billion. According to projections, the honey market industry would expand at a compound annual growth rate (CAGR) of 6.85% from USD 11.2 billion in 2022 to USD 17.80 billion by 2030. Honey’s increasing application in medicinal and cosmetic products is the primary factor propelling the market’s expansion.

Artificial sweeteners raise the risk of dental decay, hypertension, high cholesterol, obesity, and cardiovascular diseases. Their development is also responsible for Type 2 diabetes, metabolic syndrome, and numerous cancers and tumours. However, real honey is rich in antioxidants that have a major impact on human health and has a lower glycemic index (GI), meaning that it does not immediately raise blood sugar levels. They have several health benefits and are present in functional foods, cosmetics, and other products. It is an unadulterated, unfiltered, and unpasteurized sweetener that bees generate from floral nectar. It is highly valued for its exceptional nutritional and therapeutic qualities. The latest trends in food consumption show that consumers are growing increasingly concerned about eating foods that increase immunity, particularly in light of the pandemic’s quick spread.

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However, product manufacturers are creating distinctive debuts in an effort to draw in more customers. For example, in July 2021, Dabur unveiled a new range of syrups and spreads called honey-infused syrups. With no added sugar, this product is a better option than the widely available strawberry syrups and sweet chocolates. Growing health consciousness encourages consumers to use less white sugar and increase their intake of natural sweeteners. The product’s great cost and long shelf life are two more important factors that positively affect honey market revenue.

Key Companies in the honey market includes.

Dabur India Ltd.

Comvita Ltd.

Barkman Honey Llc

Bee Maid Honey Limited

Billy Bee Honey Products

Segmental Insights

The type of honey market data is divided into alfalfa, wildflower, buckwheat, acacia, and clover categories. In 2021, the buckwheat category dominated the market.

The honey market is divided into segments according to application, pharmaceuticals, food and beverage, and personal care items.

Based on packaging, the honey market is divided into four segments: bottle, jar, tube, and tub. When it came to honey market revenue in 2021, the bottle category commanded the lion’s share.

Browse Report – Explore the report’s contents, sections, and key insights by browsing through its detailed information.

Regional Analysis

The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. The market for honey in Asia Pacific was valued at USD 4.6 billion in 2021 and is projected to grow at a rate of 43.90% CAGR over the course of the study because of the region’s well-established competitors, robust production levels, and a sizeable consumer base that utilises honey for baking, skin care, medication, and other domestic uses. Manufacturers in this sector are starting to place more and more importance on various company growth strategies. For instance, the well-known Indian dairy giant Amul said in September 2020 that it would launch its honey brand and join the nation’s market.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide.

Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients.

Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: Honey Market Outlook, Honey Market Forecast, Honey Market Share, Honey Market Size, Honey Market Analysis, Honey Market Research, Global Honey Market, Honey Industry, Honey Market

Honey Market Overview

In 2021, the honey market was estimated to be worth USD 10.5 billion. According to projections, the honey market industry would expand at a compound annual growth rate (CAGR) of 6.85% from USD 11.2 billion in 2022 to USD 17.80 billion by 2030. Honey’s increasing application in medicinal and cosmetic products is the primary factor propelling the market’s expansion.

Artificial sweeteners raise the risk of dental decay, hypertension, high cholesterol, obesity, and cardiovascular diseases. Their development is also responsible for Type 2 diabetes, metabolic syndrome, and numerous cancers and tumours. However, real honey is rich in antioxidants that have a major impact on human health and has a lower glycemic index (GI), meaning that it does not immediately raise blood sugar levels. They have several health benefits and are present in functional foods, cosmetics, and other products. It is an unadulterated, unfiltered, and unpasteurized sweetener that bees generate from floral nectar. It is highly valued for its exceptional nutritional and therapeutic qualities. The latest trends in food consumption show that consumers are growing increasingly concerned about eating foods that increase immunity, particularly in light of the pandemic’s quick spread.

Request Free Sample Report – Receive a free sample report to preview the valuable insights and data we offer.

However, product manufacturers are creating distinctive debuts in an effort to draw in more customers. For example, in July 2021, Dabur unveiled a new range of syrups and spreads called honey-infused syrups. With no added sugar, this product is a better option than the widely available strawberry syrups and sweet chocolates. Growing health consciousness encourages consumers to use less white sugar and increase their intake of natural sweeteners. The product’s great cost and long shelf life are two more important factors that positively affect honey market revenue.

Key Companies in the honey market includes.

Dabur India Ltd.

Comvita Ltd.

Barkman Honey Llc

Bee Maid Honey Limited

Billy Bee Honey Products

Segmental Insights

The type of honey market data is divided into alfalfa, wildflower, buckwheat, acacia, and clover categories. In 2021, the buckwheat category dominated the market.

The honey market is divided into segments according to application, pharmaceuticals, food and beverage, and personal care items.

Based on packaging, the honey market is divided into four segments: bottle, jar, tube, and tub. When it came to honey market revenue in 2021, the bottle category commanded the lion’s share.

Browse Report – Explore the report’s contents, sections, and key insights by browsing through its detailed information.

Regional Analysis

The report offers market information for North America, Europe, Asia-Pacific, and the rest of the world, broken down by region. The market for honey in Asia Pacific was valued at USD 4.6 billion in 2021 and is projected to grow at a rate of 43.90% CAGR over the course of the study because of the region’s well-established competitors, robust production levels, and a sizeable consumer base that utilises honey for baking, skin care, medication, and other domestic uses. Manufacturers in this sector are starting to place more and more importance on various company growth strategies. For instance, the well-known Indian dairy giant Amul said in September 2020 that it would launch its honey brand and join the nation’s market.

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Natural Fragrances Market Research Report Information by Source (Flower Based, Fruit Based, Spices, Wood, and Others), Application (Fine Fragrances, Cosmetics, Food & Beverages, Toiletries & Detergents, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the world)– Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide.

Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients.

Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Tags: Honey Market Outlook, Honey Market Forecast, Honey Market Share, Honey Market Size, Honey Market Analysis, Honey Market Research, Global Honey Market, Honey Industry, Honey Market