Press release
Gourmet Tastes Stir the Global Honey Spread Market: Insights, Growth, and Forecast for 2024-2029
Honey Spread Market Share
What Is The Projected Market Size Of The Global Honey Spread Market And Its Growth Rate?
• The honey spread market size has grown strongly in recent years. In 2024, it was valued at $10.33 billion and forecasted to rise to $10.93 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.8%.
• This growth was propelled by gourmet and specialty food trends, rising concerns about sugar content, varied flavor profiles, marketing as a natural sweetener, and educational marketing.
• Looking forward to the next few years, it's projected to grow even stronger to $14.06 billion in 2029 with a compound annual growth rate (CAGR) of 6.5%.
• The rise of functional ingredients, expansion of specialty and artisanal offerings, global culinary fusion, innovations in flavor combinations, sustainable sourcing practice, and the trending focus on sugar reduction and alternative sweeteners are foreseen to be the catalysts of this growth.
What Is Driving The Growth In The Honey Spread Market?
The growth of the honey spread market is primarily fuelled by the rising consumption of honey, which serves as a natural sweetener and possesses great antioxidant properties and other health benefits. As a result, honey has found increased usage in the form of spreads on bread, pastries, and others. Notably, the CBI Ministry of Foreign Affairs reported a 32% increase in the value of honey imports from developing countries and the demands for honey between 2021 and 2022. This development underscores the significant role of honey consumption in propelling the growth of the honey spread market.
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Who Are the Key Players Driving Honey Spread Market Growth?
• Unilever plc
• Nestlé 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
• Ames Farm Ltd.
• Cox Honeyland
What Are The Key Trends In The Honey Spread Market?
Major trends in the forecast period include:
• Innovation in packaging
• Clean label and transparency
• Sustainable and ethical sourcing
• Sugar reduction and alternative sweeteners
What Are The Segments Of The Global Honey Spread Market?
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
Which Region Leads The Honey Spread Market?
In 2024, North America dominated the global honey spread market. However, the honey spread market spans across various regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Honey Spread Market Global Market Report?
- Market Size Analysis: Analyze the Honey Spread Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Honey Spread Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Honey Spread Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Honey Spread Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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