Global Honey Spread Market Size 2024, Forecast To 2033
6 Mar, 2024
The honey spread market size has grown strongly in recent years. It will grow from $9.75 billion in 2023 to $10.33 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to gourmet and specialty food trends, rising concerns about sugar content, varied flavor profiles, marketing as a natural sweetener, educational marketing. The honey spread market size is expected to see strong growth in the next few years. It will grow to $13.08 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to the rise of functional ingredients, expansion of specialty and artisanal offerings, global culinary fusion, sustainable sourcing practices, innovations in flavor combinations. Major trends in the forecast period include innovation in packaging, clean label and transparency, sustainable and ethical sourcing, sugar reduction, and alternative sweeteners.
Global Honey Spread Market Key Driver
The rising consumption of honey is expected to propel the growth of the honey spread market going forward. Honey refers to a sweet, viscous liquid that bees produce from floral nectar and store in their nests for feeding. Honey consumption increased in the form of spreads on bread, pastries, and others, as it serves as a natural sweetener and possesses great antioxidant properties and other health benefits. Therefore, the rising consumption of honey is driving the growth of the honey spread market. For instance, in 2021, according to Statistics Canada, a Canada-based agency of the Government of Canada that produces statistics on its population, resources, economy, society, and culture, 2021 honey producers harvested 89.8 million pounds of honey in Canada, up 8.0 % from 2020. Further, in 2021, according to the United States Department of Agriculture, a US-based federal executive department, honey consumption in the US increased by 8 % from the previous year to reach 618 million pounds in 2021. Therefore, the rising consumption of honey is driving the growth of the honey spread market. The honey spread market is forecasted to experience steady growth in 2028, reflecting the growing consumer preference for natural and healthy sweeteners and the increasing use of honey-based spreads in various food applications.
Get A Free Sample Of The Global Honey Spread Market ReportGlobal Honey Spread Market Segments
The honey spread market covered in this report is segmented –
1) By Type: Pure Honey Spread, Mixed Honey Spread, Honey Fruit Spread, Honey Nut Or Butter Spread, Other Types
2) By Processing: Conventional, Organic
3) By Application: Hypermarkets And Supermarkets, Online, Convenience Stores, Other Applications
By Geography:The regions covered in the honey spread market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the honey spread market in 2023. The regions covered in the honey spread market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Honey Spread Industry Players
Unilever plc, Nestlé Alimentana SA, The J.M. Smucker Co., Conagra Brands Inc., B & G Foods Inc., Ferrero International SA, The Hershey Company, The Kraft Heinz Company, Sioux Honey Association Co-op, Comvita Limited, Hive & Wellness Australia Pty Ltd., Dabur Ltd., Honey-Butter Products Co. Inc., Alberta Honey Producers Cooperative Limited., Dutch Gold Honey Inc., J M Smucker Company, Nature Nate’s Honey Co., Bee Maid Honey Limited, Capilano Honey Ltd., McCormick & Company Incorporated, Golden Acres Honey Products Ltd., New Zealand Honey Co., Barkman Honey LLC, African Bronze Honey Company, Streamland Biological Technology Ltd., Oha Honey LP, Beeyond the Hive, Hershey Co., Ames Farm Ltd., Cox Honeyland
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Honey Spread Market Overview
The honey spread refers to a kind of edible viscous honey product made from honey or creamed honey. It is used to be blended with other ingredients such as fruits, nuts, and others.
Honey Spread Global Market Report 2023 provides data on the global honey spread market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The honey spread market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.