The Market value (retail sales value) of the Global Honey Industry attained a value of USD 8,515.16 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.30 % between 2017 to 2020, and is expected to grow by...
GlobalData projects the Industry to grow at a CAGR of ...
The market value of the global honey industry has steadily been growing since 2017, and recorded a single-digit Compound Annual Growth Rate (CAGR) between 2017-20.
Guan Sheng Yuan Food Co., Ltd., Sunbulah Co., Attiki Bee Culturing Co., and Grupo Nutrexpa held the top four leading market positions in the global honey industry in 2020.
Guan Sheng Yuan, AlShifa, Granja San Francisco, and Smucker`s 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.
Guan Sheng Yuan Food Co., Ltd. leads the global honey industry in 2020
Guan Sheng Yuan Food Co., Ltd. was the leading company (by value) in the global honey market in 2020, with a sole major brand, Guan Sheng Yuan, under its trademark. Guan Sheng Yuan brand was the biggest brand in the global honey market, haolding a significant market share.
Sunbulah Co. ranked second in the global honey industry
Sunbulah Co. was the second largest company in the global honey market in 2020. AlShifa and Sary were the leading brands under Sunbulah Co., with a bigger chunk of the honey items sale (by value) coming from the AlShifa brand.
The other leading market positions in the global honey market were held by Attiki Bee Culturing Co., and Grupo Nutrexpa.
Attiki Bee Culturing Co., and Grupo Nutrexpa were some of the other prominent companies in the global honey market, owning brands such as Attiki and Granja San Francisco, respectively.
Market Fragmentation: The market is highly fragmented, with no players holding more than a tenth of the market share in the global honey market.
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