Market Overview

The global honey market size was valued at USD 8.94 billion in 2023 and is projected to grow from USD 9.40 billion in 2024 to USD 15.59 billion by 2032, exhibiting a CAGR of 6.52% during the forecast period.

Rising demand for organic and healthy alternatives to sugar to propel market growth. Fortune Business Insights™ provides this information in its report titled “Honey Market, 2024-2032.”

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List of Key Companies Profiled in the Report:

• Bee Maid Honey Limited (Canada)
• Comvita Limited (New Zealand)
• Capilano Honey Ltd. (Australia)
• Dabur India Ltd. (India)
• Billy Bee Honey Products (Canada)
• New Zealand Honey Co. (New Zealand)
• Barkman Honey LLC (U.S.)
• Yamada Bee Company (Japan)
• Dutch Gold Honey Inc. (U.S.)
• Golden Acres Honey (Canada)

Segments

Buckwheat Segment to Dominate Attributable to High Nutritional Value

By type, the market is segmented into alfalfa, buckwheat, wildflower, clover, acacia, and others. The buckwheat segment is expected to dominate due to its high nutritional value.

Food & Beverage Segment to Dominate Attributable to its Increasing Applications

Based on application, the market is classified into food & beverages, personal care & cosmetics, pharmaceuticals, and others. The food & beverage segment is expected to dominate due to its increasing applications.