Global Organic Honey Market Revenue Expected to Reach $1,060.40 Million by 2030
PORTLAND, OREGON, USA, July 13, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “Organic Honey Market by Product type, Packaging and Application: Global Opportunity Analysis and Industry Forecast”, 2021 -2030”, the global Organic Honey Market was valued at USD 605 Million in 2020 and is projected to reach USD 1,060.40 Million by 2030 at a CAGR of 5.50%.
Organic honey is produced from the pollen of plants from organic farming, and without chemical acaricides to treat bees. Purchasing organic honey allows consumers to avoid contact with pesticides that may be sprayed on or near plants visited by bees. The demand for organic honey has been gaining momentum, owing to increased health awareness among consumers, which has further boosted the organic honey market.
In the view of the CXOs, market conditions for honey and other natural sweeteners are expected to improve. However, the demand for organic food is increasing dramatically. Sales of organic products in the United States increased by 12.4% in 2020, crossing the $60 billion mark for the first time and more than doubling the growth of the previous year. This has resulted in a high demand for organic honey in the market.
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The CXOs further added that the use of honey in medicines and health products is increasing, which is fueling the demand for organic honey. In addition, increased urbanization has led to an increase in living standards and an increase in literacy. Rising awareness of health, income and other essentials among everyone is fueling the demand for organic food products in the market such as organic honey. However, the entry of local players into honey production is holding back the organic honey market. In addition, organic honey retains moisture in the skin. Natural anti-inflammatory, organic honey calms irritable skin, especially skin affected by hormonal fluctuations. This is a major factor responsible for increasing the demand for organic honey in the market as consumers demand sugar substitutes for consumption. Hence, the awareness of organic honey is increasing among consumers all over the world either directly or indirectly which has propelled the demand for organic honey in the market.
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Take away key
Alfalfa would exhibit the highest CAGR of 6.0% during the period 2021-2030, due to its offers of probiotic action and antibacterial properties.
Food and beverages would show the highest CAGR of 5.9% over the period 2021-2030
The bottle would have the highest CAGR of 6.3% over the period 2021-2030, as consumers turn to convenient products during their daily activities.
Asia-Pacific would show the highest CAGR of 6.2% during the period 2021-2030, owing to the increase
The Saracen segment to lead the way
By type, the buckwheat segment generated the highest share in 2020, attracting two-fifths of the organic honey market. Organic buckwheat’s ability to improve recovery after high blood loss surgeries is driving the segment’s growth. The alfalfa segment, on the other hand, is expected to quote the fastest CAGR of 6.0% during the forecast period. This is due to the fact that they have antibacterial properties and provide probiotic action.
The food and beverage segment to retain the lion’s share
By application, the food and beverage segment accounted for the highest market share in 2020, capturing almost a third of the organic honey market. Rising prevalence of honey as a healthier alternative to sugar is driving the growth of the segment. The same segment is expected to cite the fastest CAGR of 5.9% over the forecast period, owing to the sharp increase in the prevalence of honey-sweetened foods and beverages.
North America will dominate by 2030
By region, North America held the majority share in 2020, holding almost a third of the organic honey market, owing to the increase in the number of health-conscious individuals in this region. Asia-Pacific, on the other hand, is expected to show the fastest CAGR of 6.2% during the forecast period, owing to the rise in industrialization in this region.
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Main market players
Heavenly Organics, LLC,
Little Impex Bee,
Nature Nate’s Honey Co.,
Honey Barkman, LLC,
Rowse Honey Ltd.,
McCormick & Company,
Madhava Honey LTD,
Dutch Gold Honey, Inc.
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.
We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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