The Market value (retail sales value) of Honey Industry in United States of America attained a value of USD 852.89 Millions in 2020
The Industry recorded a historical growth (CAGR) of 6.76% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
The honey industry in the US recorded a single-digit YoY growth in 2020, and a high single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
The J.M. Smucker Company, Sioux Honey Association, Dutch Gold Honey, and Golden Heritage Foods Llc held the top four leading market positions in the honey industry in the US.
Smucker`s, Sue Bee, Dutch Gold Honey, and Busy Bee were the leading brands in the honey industry.
Honey is a sweet yellow syrup made from nectar by bees. It includes liquid and solid honey e.g., Golden Blossom, Sue Bee's, and Gale's Traditional Clear Honey.
The J.M. Smucker Company leads the honey industry in the US in 2020
The J.M. Smucker Company was the leading company (by value) in the honey market in the US in 2020, with a sole brand, Smucker`s, operating under its trademark. Smucker`s brand was the largest brand, capturing a major market share in the total honey market share in the UK.
Sioux Honey Association ranked second in the honey industry in the US
Sioux Honey Association was the second-largest company in the honey market in the US in 2020. Sue Bee was the key brand tending to the honey needs of the population in the US under Sioux Honey Association, accounting for a high single-digit market share in the honey market in the UK.
The other leading market positions in the honey market in the US were held by Dutch Gold Honey and Golden Heritage Foods Llc
Dutch Gold Honey and Golden Heritage Foods Llc were some of the other prominent companies in the honey market in the US, owning brands such as Dutch Gold Honey and Busy Bee, respectively.
Market Fragmentation: The J.M. Smucker Company accounted for greater than one-tenth of the market share in the honey market in the US.
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