Honey Market Intelligence

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Are you looking for answers on Honey category?

Are you looking for answers on Honey category?

  • What are the key trends in Honey category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Honey industry?
  • How is Honey industry performing?

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Honey Category Intelligence

Report Coverage

  • Import Restrictions
  • Industry Best Practices
  • Price Analysis
  • Cost Implications of Local Sourcing vs. Importing
  • Supplier Profiles

Honey Market Trends

Category Intelligence on Honey covers the following

  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

Table of contents

  1. Honey Client Insights Summary
  1. Honey Category Intelligence Summary
  1. Market Overview of Honey
  1. Honey Trade Analysis
  1. Honey Industry Analysis
  1. Honey Price and Cost Analysis
  1. Profiles of Global Honey Suppliers

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Industry Outlook & Drivers

Global Market Outlook on Honey 

Asia-Pacific is the largest and fastest growing market with a CAGR of 5.2 percent over the forecast period and captures a dominant share of 41.2 percent.Steady decline in global honey crop could be attributed to many factors including pesticides like nionicotinoids and climatic changes.

  • China is the world's largest producer and also consumer of honey which consumes 55-70% to meet its domestic need. The global honey market is projected to reach 2.4 million tons majorly driven by growing consumer preference for natural alternative to artificial sweeteners.
  • Declining bee population, consolidation activity and integration efforts by honey companies could influence the future market of honey.

Major Producing Regions

Asia-Pacific accounts for more than 50 percent of the global production. Although China constitutes more than 30 percent of the global production, India would be a potential source for buyers located in Asian countries.

China is the world's largest country of beekeeping, honey production exporter and also the power consumption of honey. However, due to quality concerns, India would be preferred over China

  • Increasing food & beverage consumption in the US has an incremental impact on the growth of North America's honey market
  • Meanwhile, spanning agricultural industry in Asia-Pacific countries and presence of food manufacturing plants, which are owned by global F&B companies, are expected to bulk up the revenues garnered in Asia Pacific's honey market

Organic Honey Market

Organic honey supply is anticipated to witness a two percent increase y-o-y. Environmental concerns, together with an increasingly healthy lifestyle of consumers stimulates the growth of organic honey.

New entrants of organic honey would find it difficult to compete with the international vendors based on quality, reliability, innovations in technology and to enter into the market with authenticated certifications

  • North America: Organic honey imports by the US constitute 10 percent of the total honey with majority of imports coming from Brazil. Organic honey continues to drive the growth of retail sales in US and Canada
  • Europe: Germany is the largest European market followed by France and the UK and other, mainly West European, countries. Germany represents 10 percent of the global organic honey market
  • Asia: India and China are emerging markets for organic honey with an increasing consumer preference and growing key players in these regions

Indian Honey Market

Buyers could procure their honey from India, which has eminent global players and also one of the largest producers of quality honey.

Indian honey production witnessed a steady growth from 2005 with the branded honey market growing at a CAGR of 10 percent annually. Indian honey production in 2016-17 was estimated at 91076 MT constituting approximately 6 percent of the global production.

Drivers and Constraints-Honey Production

Barriers of apiculture farming is unlikely to be a paramount threat to the future honey production since remedial measures have been initiated in the major producing regions.The major constraints of apiculture farming are the prevalence of honey bee predators, lack of improved apiculture equipment and lack of market oriented apiculture farming system.

Honey Market Frequently Asked Questions

  1. What is the volume of the global honey market?
  2. The global honey industry statistics suggest that the honey market will soon reach 2.4 million tons in production volume due to the growing consumer preference for natural alternatives to artificial sweeteners. Presently, China stands at the top of the market in the production and consumption of honey, using about 55-70% of the total production for domestic need.

 

  1. Who are the leading contributors to the global honey market?
  2. More than half of the global honey production comes from the Asia-Pacific region. China constitutes about 30 percent of global production, and India is a major source of honey for consumers in Asian countries as well. Although China is the world’s largest country of beekeeping, honey export and consumption, consumers prefer India over China because of its better quality of honey.

 

  1. What is the market outlook for global honey production? 
  2. The Asia-Pacific is the largest and leading market of honey capturing a dominant market share of 41.2 percent. The market has been growing at a CAGR of 5.2 percent over the forecast period. However, due to factors like neonicotinoid pesticides, climate changes, declining bee population, the global honey market is seeing a steady decline. Consolidation activities and integration efforts by honey companies will further influence the future market of honey.

 

  1. Which is the leading regional honey market?
  2. With its huge quality honey production, India has secured its spot among the eminent global players in the honey market. Honey production in India saw a steady rise in its growth from 2005 at a CAGR of 10 percent annually. In 2016-17, the total honey production volume in India was estimated to be 91076 MT constituting about 6 percent of the global production.

 

Honey

Top Suppliers

  • Rowse Honey
  • Lamex Foods Limited
  • Dabur India Ltd
  • Billy Bee Products

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