Honey Market

Sales Of Honey Are Expected To Exceed US$ 15.2 Bn By Registering A Positive CAGR Of 5.1% During The Forecast Period 2021-2031

Key Takeaways

– Global honey market expected to surge 1.6x by 2031 compared to 2021 – By sales channel, food & beverage to emerge dominant, capturing 70% of global demand – Sales of organic honey to surge, yielding US$ 150 Mn by 2022-end – U.S to be a lucrative market, expanding at a CAGR of 6% through 2031

Key Players

– business hours food group – Hein Daniel Group – Miller Honey Farms Inc. – Beechworth Honey Pty Ltd. – Paynes Bee Farm Co., Ltd. – Healthy Sweeteners Inc. – Weatherspoon Organics Co., Ltd. – Davur India Co., Ltd.

Analyst View

“Increasing consumption due to its medicinal properties and various flavours of honey are increasing the demand for honey and honey based products, providing immense expansion opportunities for key manufacturers,” opines a Fact.MR analyst.

Explore Fact.MR’s Domain Coverage On Food & Beverage