Saudi Arabia Honey Market Size & Outlook, 2023-2030
Saudi Arabia honey market, 2017-2030 (US$M)
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Saudi Arabia honey market highlights
- The Saudi Arabia honey market generated a revenue of USD 59.2 million in 2023 and is expected to reach USD 84.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating processing in 2023.
- Organic is the most lucrative processing segment registering the fastest growth during the forecast period.
Honey market data book summary
| Market revenue in 2023 | USD 59.2 million |
| Market revenue in 2030 | USD 84.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Organic, Conventional |
| Key market players worldwide | Dabur India, McCormick & Co Inc, Capilano Honey, New Zealand Honey Company, Dutch Gold Honey |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global honey market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia honey market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 84.7 million by 2030.
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Honey Market Scope
Honey Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 84.12% in 2023. Horizon Databook has segmented the Saudi Arabia honey market based on organic, conventional covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia honey market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia honey market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia honey market size, by processing, 2017-2030 (US$M)
Saudi Arabia Honey Market Outlook Share, 2023 & 2030 (US$M)
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