Honey Market Size, Share, Growth Analysis, By Type(Alfalfa, Wildflower, Buckwheat, Acacia), By Application(Food & Beverages, Personal Care & Cosmetics, Pharmaceuticals, Others), By Packaging(Glass Jar, Bottle, Tube, Others), By Region - Industry Forecast 2024-2031

Asia Pacific is expected to control the Honey market share. China, followed by India, produces and consumes the most honey in the Asia-Pacific region. The reason for the increase in domestic honey production in China is due to its vast territory, abundant nectar source, large population, and rising standard of living. Growing consumer preference for wholesome and delicious eating habits is accelerating market expansion. In comparison to sugar, honey is a more readily available staple food in China. China consumed more than 300,000 metric tonnes of honey annually in 2020, a country with a population of over 1.4 billion.

Europe held the second largest market share. According to projections, a rapidly growing economy brought on by rising disposable income, urbanization, and changing lifestyles will fuel product demand in the area and boost market growth overall in the years to come.

Honey produced in various Middle Eastern nations as well as some African nations is regarded as the greatest quality because of its thick viscosity, sweet taste, and therapeutic benefits. With constantly rising production and demand for honey over the past few years, Middle Eastern nations, particularly Turkey, Lebanon, and Yemen, are leading the honey industry in the MEA region. As a result, the honey sector saw sales increase in the following years. Thus, it is anticipated that the honey sector will grow by more than 20% during the forecast period.