Organic Honey Market REPORT OVERVIEW
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The global organic honey market size was USD 769.7 million in 2021 and is projected to touch USD 2038.06 million by 2031, exhibiting a CAGR of 10.2%.
The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Organic honey is produced from the pollen of the plants that are organically grown and without any chemicals to treat the bees. Honey that has been designated as organic follows the organic livestock standards. It refers that bee hives must be free from chemicals. The flowers that bees are going to get nectar from cannot be sprayed with chemicals and bees can’t be given antibiotics. It is strained and is not heated above pasteurization. It is naturally opaque and thick in nature compared to transparent honey and it has a cloudy yellow color because it is not much heated as regular honey.
The increasing growth for such products is attributed to global consumption of food products that have health benefits. This preference is expected to create lucrative opportunities for the market demand. Consumption of honey is due to it being a sugar substitute and a natural sweetener. The consumption is high as it is free from additives and also due to vitamins and minerals present in the honey. Rise in consumption in elderly population is one of the major drivers of the market.
COVID-19 Impact: Halt on Production to Hamper Market Growth
The effects of the COVID-19 pandemic are already being felt on a global level, the global organic honey market is noticeably influenced. In 2020, COVID-19 has had a negative impact on many markets. Several countries went into lockdown. With the sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. The demand for organic products had a positive influence as consumers perceived such products to be healthy and good for immunity during that period of time. The production capacity and distribution were severely impacted as the operations were halted. In the recovery stage of the pandemic, manufacturers are trying to cater to the demand for the honey.
LATEST TRENDS
"Trend for Organic Products to Propel Market Demand"
Growing trend for organic products is expected to increase the growth of the global organic honey market. The noticeable demand and trend for consuming organic products in various countries due to high profits and health benefits associated. The application of such honey in making healthy drinks and in vitamin supplements. The perception for organic food products is changing in a positive way and the demand comes from developed and developing nations. Consumers are also spending part of their incomes due to the safety and quality associated with such products. Such trend and inclination for organic food products is expected to pose as an opportunity for the market demand.
Organic Honey Market SEGMENTATION
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- By Type
According to type; the market is divided into mixed, Manuka, clover, and other organic honey.
Organic honey is the leading segment of the type segment.
- By Application
Based on the application; the market is divided into glass jars and plastic containers.
DRIVING FACTORS
"Rise in Trade of Honey to Enhance Market Growth"
The global organic honey market growth is anticipated to rise due to increasing exports and imports of honey and honey products. The imports of honey witnessed a rapid growth making it one of the fastest growing markets in various countries. The reason for such an increase in honey trade is due to increase in consumer awareness for benefits consuming organic products and honey. In addition, it is also available in different flavors, packs, and types which has led to a positive growth in the demand. Manuka honey is available in various flavors such as clove, rosemary, sourwood, and dandelion giving a competitive edge and increased trading of such products.
"Demand for Substitutes for Sugar Products and Natural Sweeteners to Inflate Demand "
The demand is rising quickly as it is a natural sweetener and substitute for sugar products. Honey is being increasingly used as an ideal substitute for conventional sugar owing to various health benefits. The consumers are making a shift to consume this type of honey instead of chemical-based products. Consumers are motivated to make changes and include natural sweeteners in their diets and reduce the sugar consumption. Additionally, they also have a longer shelf life and they are highly affordable.
RESTRAINING FACTORS
"Lack of Awareness to Hinder Market Growth"
There are a number of factors that can push the growth of the market. Restraining factors such as lack of awareness regarding the product is expected to act as a restraint for this market. Even though the organic products are slowly gaining high acceptance, but they still don’t have enough awareness about them. This factor is expected to reduce the demand for the product in the market.
Organic Honey Market REGIONAL INSIGHTS
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"Asia Pacific to Lead Market Due Owing to Adoption of Lifestyle"
Asia Pacific holds the largest part of the global organic honey market share due to consumers adopting of a healthy lifestyle. Organic is considered as a safe and secure product that has high nutrients. The demand in countries such as China, Japan, South Korea, and India is leading as customers are making their preferences in organic products due to growing negative effects of artificial sweeteners and sugar. The region is anticipated to present itself with lucrative opportunities.
KEY INDUSTRY PLAYERS
"Key Players to Boost Demand Leading to Market Growth"
The report delivers information about the list of market players and their working in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Dutch Gold (Netherlands)
- Nature Nate’s (U.S.)
- Rowse (U.K.)
- Barkman Honey (U.S.)
- Langnese (Germany)
- Little Bee Impex (India)
- GloryBee (U.S.)
- Madhava Honey (India)
- Sue Bee (U.S.)
- Y.S. Organic Bee Farms (U.S.)
- Conscious Food (India)
- Heavenly Organics (U.S.)
- Comvita (New Zealand)
- Manuka Health (New Zealand)
INDUSTRY DEVELOPMENT
- May 2020: GloryBee has announced that they are going to create their own charcuterie boards. They are going to create their honey products that are ethically sourced, natural, and organic honey products to go with their charcuterie boards.
REPORT COVERAGE
This research profiles a report with widespread studies that take into an explanation of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 769.7 Million in 2021 |
Market Size Value By |
US$ 2038.06 Million by 2031 |
Growth Rate |
CAGR of 10.2% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the organic honey market expected to touch by 2031?
The global organic honey market is expected to reach USD 2038.06 million by 2031.
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What CAGR is the organic honey market expected to exhibit by 2031?
The organic honey market is expected to exhibit a CAGR of 10.2% by 2031.
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Which are the driving factors of the organic honey market?
Drivers of this organic honey market are demand from rise in trade of honey and demand for substitutes for sugar products and natural sweeteners.
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Which are the top companies operating in the organic honey market?
Dutch Gold, Nature Nate’s, Rowse, Barkman Honey, Langnese, Little Bee Impex, GloryBee, Madhava Honey, Sue Bee, Y.S. Organic Bee Farms, Conscious Food, Heavenly Organics, Comvita, and Manuka Health are the key companies operating in the organic honey market.