Market Size of Natural Honey Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 10.20 Billion |
| Market Size (2029) | USD 13.5 Billion |
| CAGR (2024 - 2029) | 5.70 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Natural Honey Market Analysis
The Natural Honey Market size is estimated at USD 10.20 billion in 2024, and is expected to reach USD 13.5 billion by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).
Natural honey is a sweet-flavored liquid food produced by various pieces of wild bees. It differs from regular honey as it does not undergo commercial processes such as filtration or pasteurization but collects and packs directly from the beehives. It is largely used as a natural sweetener and the best alternative to white sugar for health-conscious people. It can be used in beverages, processed foods, jams, and jellies and is increasingly used as an ingredient in health and beauty products. Honey has been linked to various health benefits. Studies have found that it may help reduce risk factors for heart diseases like blood pressure and cholesterol and improve wound healing and throat infections. It contains various nutrients, including vitamins, minerals, calcium, and antioxidants. With increasing consumer demand and high health benefits, the market is expected to grow over the forecast period and have a long-term impact.
Along with this, the potential of honey to impart a pleasant flavor to food and beverage products, together with their easy accessibility and longer shelf life of the product is boosting market demand. Moreover, Beeswax is a byproduct of honey production. It is a wonderful ingredient in aromatherapy, cosmetics, skincare products, wood finishes, waxes, waterproofing products, and dental molds. The increased usage will help to increase the natural honey.
According to the CBI Ministry of Foreign Affairs, Europe is the world's second-largest honey producer after China. In 2021, Europe accounted for over 13% of global production, totaling 1,772 thousand metric tons. In 2022, Europe had more than 20.2 million hives dedicated to the beekeeping industry. The number of hives has grown steadily over the last 5 years, at an average annual rate of 4.0%. European honey production has fluctuated considerably in recent years. Overall, honey production showed 228,300 metric tons in 2021, between 2021 and 2022 significant growth was recorded, reaching 285,700 metric tons. This performance corresponds to an average growth of 1.0% per year for 2019-2022. The European demand for honey is strong and growing. Importers are increasingly looking for new suppliers. The German, British, French, and Belgian markets account for more than 50% of total European honey imports.
Natural Honey Industry Segmentation
Honey, a sweet and viscous liquid, boasts a dark golden hue. It's crafted in the honey sacs of diverse bees, sourced from flower nectar. Geography segments the Honey Market into North America, Europe, South America, Asia-Pacific, Middle-East, and Africa. The report includes the Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The report offers market estimation and forecasts in value(USD) and volume(metric tons) for all the above segments.
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Natural Honey Market Size Summary
The natural honey market is poised for significant growth, driven by increasing consumer demand for healthier and natural alternatives to artificial sweeteners. Natural honey, distinguished by its unprocessed state, retains its nutritional value and is increasingly recognized for its health benefits, such as reducing heart disease risk factors and improving wound healing. Its versatility as a natural sweetener makes it a popular choice in beverages, processed foods, and health and beauty products. The market's expansion is further supported by the growing awareness of honey's lower glycemic index and antioxidant properties, which contribute to its appeal as a sugar substitute. The rising preference for clean-label products and the promotion of honey by governments and international organizations as a beneficial food ingredient are also key factors driving market growth.
Regionally, Asia-Pacific dominates the natural honey market, with China and India leading in production and consumption. China's vast resources and improving living standards have bolstered its honey production, making it a staple food. The country's significant import volume and export activities, particularly to European countries, highlight its central role in the global honey trade. India, with its diverse range of exotic honey varieties, is also a major exporter, supplying countries like the United States and Canada. The market's growth is further supported by initiatives such as Canada's Honey Bee Health Initiative and India's National Beekeeping and Honey Mission, which aim to enhance honey production and support beekeepers. These efforts, combined with the increasing popularity of natural honey, are expected to sustain the market's upward trajectory in the coming years.
Natural Honey Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis)
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2.1.1 North America
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2.1.1.1 United States
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2.1.1.2 Canada
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2.1.1.3 Mexico
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2.1.2 Europe
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2.1.2.1 Spain
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2.1.2.2 Ukraine
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2.1.2.3 Poland
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2.1.2.4 Germany
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2.1.3 Asia-Pacific
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2.1.3.1 China
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2.1.3.2 India
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2.1.3.3 Japan
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2.1.3.4 New Zealand
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2.1.4 South America
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2.1.4.1 Argentina
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2.1.4.2 Brazil
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2.1.5 Middle East and Africa
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2.1.5.1 Turkey
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2.1.5.2 Iran
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Natural Honey Market Size FAQs
How big is the Natural Honey Market?
The Natural Honey Market size is expected to reach USD 10.20 billion in 2024 and grow at a CAGR of 5.70% to reach USD 13.5 billion by 2029.
What is the current Natural Honey Market size?
In 2024, the Natural Honey Market size is expected to reach USD 10.20 billion.
