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World - Honey - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Apr 13, 2018

Global Honey Market Is Set to Pursue Moderate Growth

IndexBox has just published a new report "World: Honey - Market Report. Analysis And Forecast To 2025".
Here is a summary of the report’s key findings.

The Honey Market Continues a Modest Growth, With China and the U.S. Being the Largest Consumers 

In 2016, the market value of honey totaled $X. A slight drop in 2009 was followed by a sharp increase over the period from 2010-2013. However, the market value declined over the next two years, which was then followed by a recovery in 2016. Equally, overall, the market value of honey achieved an annual growth of +X% over the period from 2007 to 2016. In physical terms, the market showed a gradual increase (+X% per year) over the period under the review, reaching X tonnes in 2016.

China (X% in 2016, based on physical terms) and the U.S. (X%) were the countries with the highest consumption, followed by Turkey (X%), Iran (X%), Germany (X%) and Russia (X%). All these countries together made up a X% share of global consumption.

Iran, with +X% growth, the U.S., with +X% growth and Turkey, with +X% growth, recorded the highest annual rates of growth in terms of honey consumption from 2007 to 2016. 

Turkey (X kg/year in 2016) and Iran (X kg/year) recorded high levels of per capita consumption amongst the leading consuming countries, which was significantly higher than the world average of X kg/year. Iran, with a +X% growth, the U.S. (+X%) and Turkey with +X% recorded the most notable annual rates of growth in terms of per capita consumption from 2007 to 2016.

In China, per capita honey consumption was estimated at X kg/year in 2016, which was almost equal to the global average of X kg/year. Despite the insignificant per capita consumption figures when compared with the other countries, China remains the world’s leading honey consuming country in absolute volumes. This fact, therefore, would appear to indicate that China’s honey market boasts a low degree of saturation.  

The Global Honey Market Is Set to Pursue Moderate Growth

There are two major honey applications: honey for human consumption and honey for industrial use. The demand for honey on a global scale is increasing both from consumers and from the pharmaceutical and cosmetics industries. The rising population and its requirement for food products constitute the key impetus for the increased honey demand; these factors are helping to promote market growth on the developed and also the relatively saturated markets, both in the USA and Europe. In addition, rising household income is creating demand for premium types of honey, particularly in China and in other Asian countries. 

The quality and safety of honey is an extensive issue for the global honey market: the quality control is carried out in different ways worldwide and honey may be easily faked (e.g. blended with a sugar syrup or labelled from the wrong origin). Moreover, the markets that feature high honey consumption still depend on imports too heavily; despite various issues on honey quality rising from time to time, such markets remain unable to withdraw imports totally. Despite these factors, however, product quality on the market seems to be improving and competition is now more robust as a result. Thus, a recent decline in Chinese exports following lack of access to the European market resulted in increased supplies from Ukraine and Argentina. Export prices in these countries, however, remain below the global average. 

Equally, any stable development of the honey market will be subject to significant risks in terms of production. Bees are highly vulnerable to the changing external conditions associated with climate change. In addition, bee health is negatively affected by the application of pesticides, used extensively by most crop producers. These factors point to the decline in the bee population worldwide; in economic terms, these issues increase producer costs to ensure that the bee population is maintained. 

In view of the factors highlighted above, it is expected that the current trends prevailing on the global honey market should continue in the medium term. Driven by global population growth, the honey sector is anticipated to retain an upward consumption trend over the next ten years. The market performance is forecast to continue its moderate but steady upward trend, with an anticipated CAGR of +X% from 2015 to 2025, which is expected to lead the market to a volume of X tonnes by 2025.

Honey Output Remained Unchanged Against the Previous Year 

Honey production reached X tonnes in 2016, growing with a CAGR of +X% per year from 2007 to 2016. There was a steady upward trend of production except for negligible fluctuations, which then leveled off in 2016. In value terms, trend patterns reflected a more pronounced dynamic, due to producer price changes. In 2009, the production value contracted by X% with a further strong, but decelerated growth over the next four years. However, production slipped back over the 2014-2015 period, recovering in the last year.

China Remained the Major Honey Producer 

China was the key world honey producing country, with an output of about X tonnes in 2016, which accounted for X% of total global output. The other major producers were Turkey (X%), Argentina (X%), Iran, the U.S., Russia (X%, each), India, Ukraine, Mexico and Ethiopia (X%, each). 

In China, production levels increased by +X% annually from 2007 to 2016. Most of the other major producing countries also increased their honey output in physical terms. From 2007-2016, the average annual rates of growth were especially high in Iran (+X%), Turkey (+X%), China (+X%), and Russia (+X%). By contrast, Ukraine (-X% per year) recorded an annual decline in terms of honey output.

China and Argentina Remain the Largest Global Exporters of Honey

In 2016, the value of global exports totaled $X, with a mixed trend pattern over the last few years. From 2007-2014, a robust increase was recorded; in 2015, however, that growth lost its momentum, with the value of exports declining slightly further in the last year. In physical terms, the volume of global honey exports amounted to X tonnes in 2016, with a trend pattern similar to that in value terms: in 2016, it slipped back slightly after a six-year period of healthy and consistant growth.

China (X tonnes in 2016), Argentina (X tonnes), Ukraine (X tonnes), India (X tonnes), Mexico (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main global suppliers of honey with a combined share of X% of global exports. From 2007 to 2016, Ukraine (+X% per year) and India (+X% per year) were the fastest growing suppliers among the major exporters. Despite being the largest global producers of honey, Turkey, the U.S. and Russia did not export much of their production, meaning that it was consumed domestically.

The U.S. Constitutes the Largest Market for Imported Honey 

The value of global imports totaled $X in 2016, which equated to X tonnes. The imports trend pattern generally mirrored that of exports: these trade flows globally complement each other. 

In 2016, the U.S. (X tonnes), Germany (X tonnes), Japan (X tonnes), the UK (X tonnes), France (X tonnes), Spain (X tonnes) and Belgium (X tonnes) constituted the leading destinations for honey imports, together comprising X% of global imports. Amongst the major importing countries Spain (+X% per year) and Belgium (+X% per year) gained the highest annual growth rates from 2007 to 2016, while imports to the U.S. (+X% per year), Japan (+X% per year), the UK (+X% per year) and France (+X% per year) posted more moderate gains. 

By contrast, imports to Germany (-X% per year) indicated a slight decline over the period under review. Therefore, the share of Germany in terms of global honey imports decreased significantly from X% in 2007 to X% in 2016, while the shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about global honey market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • honey market share
  • honey prices
  • honey industry
  • honey sales
  • honey import
  • honey export
  • honey market forecast
  • honeyt price forecast
  • key honey producers

Source: IndexBox AI Platform

Product coverage:
• FCL 1182 - Honey

This report provides an in-depth analysis of the global honey market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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