Natural Honey Market Size (2024 - 2029)

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.