Global Honey Market Size & Outlook, 2023-2030
Global honey market, 2017-2030 (US$M)
Related Markets
Global honey market highlights
- The global honey market generated a revenue of USD 9,448.1 million in 2023 and is expected to reach USD 13,574.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, conventional accounted for a revenue of USD 7,572.8 million in 2023.
- Organic is the most lucrative processing segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 9,448.1 million |
| Market revenue in 2030 | USD 13,574.7 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Conventional |
Other key industry trends
- In terms of revenue, the North America accounted for 16.9% of the global honey market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 327.3 million by 2030.
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Honey Market Scope
Honey Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global honey market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to honey market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 80.15% in 2023. Horizon Databook has segmented the Global honey market based on organic, conventional covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Honey Processing Outlook (Revenue, USD Million, 2017-2030)
- Organic
- Conventional
- Global Honey Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Hypermarkets & Supermarkets
- Convenience Stores
- Online
- Others
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Target buyers of Global honey market databook
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Our clientele includes a mix of honey market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global honey market , including forecasts for subscribers. This global databook contains high-level insights into Global honey market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global honey market size, by regions, 2017-2030 (US$M)
Top 10 countries: Honey market size, 2023 (US$M)
Global honey market share, by processing, 2023 & 2030 (%, US$M)
Honey market: Opportunity assessment by country
Global honey market, by region, 2023 (US$M)
| Processing | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,201.5 | 1,249.9 | 1,293.9 | 1,371.9 | 1,447.2 | 1,523.2 | 1,599.9 | 1,676.8 | 1,761.3 | 1,854.4 | 1,956.7 | 2,069.3 | 2,193.3 | 2,330.0 | 5.5% |
| Europe | 2,623.2 | 2,711.0 | 2,788.0 | 2,936.7 | 3,077.3 | 3,217.7 | 3,357.2 | 3,495.2 | 3,647.0 | 3,813.9 | 3,997.4 | 4,199.1 | 4,420.8 | 4,664.6 | 4.8% |
| Asia Pacific | 2,458.0 | 2,561.9 | 2,657.1 | 2,822.6 | 2,983.0 | 3,145.6 | 3,310.0 | 3,475.4 | 3,657.4 | 3,857.5 | 4,077.7 | 4,320.1 | 4,587.2 | 4,881.7 | 5.7% |
| Latin America | 510.2 | 530.1 | 548.2 | 580.5 | 611.6 | 643.0 | 674.6 | 706.2 | 741.0 | 779.2 | 821.2 | 867.5 | 918.4 | 974.5 | 5.4% |
| MEA | 387.3 | 401.7 | 414.6 | 438.2 | 460.9 | 483.6 | 506.4 | 529.1 | 554.2 | 581.7 | 611.9 | 645.2 | 682.6 | 723.9 | 5.2% |
| Overall | 7,180.2 | 7,454.5 | 7,701.8 | 8,150.0 | 8,579.9 | 9,013.2 | 9,448.1 | 9,882.7 | 10,360.8 | 10,886.6 | 11,464.9 | 12,101.2 | 12,802.5 | 13,574.7 | 5.3% |
Related regional statistics
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