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Forecast Year
The United States honey market attained approximately USD 378.69 million in 2023. The market is estimated to grow at a CAGR of 2.10% in the forecast period of 2024-2032, reaching a value of around USD 456.62 million by 2032.
Honey is a sweet viscous yellow-brown substance that is produced from the nectar of flowers with the help of bees. It is stored in the beehive and can be sold by beekeepers for application in different end-use sectors, including cosmetics and food and beverages, among others.
Based on processing, the market is bifurcated into organic and conventional. On the basis of colour class, the market is divided into light honey and dark honey. Based on application, the United States honey industry segmentation includes food and beverage, personal care and cosmetics, and pharmaceuticals, among others.
On the basis of distribution channel, the market is classified into business to business and business to customer. The business to customer segment is further categorised based on type into hypermarkets and supermarkets, convenience stores, and online, among others. The regional markets for honey in the United States are New England, the Mideast, the Great Lakes, the Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States honey market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
Conventional honey occupies a significant portion of the United States honey market share owing to its affordability and high availability at convenience stores and supermarkets in the country. Traditional honey usually has better flavour and long shelf life compared to raw honey. Additionally, efforts by market players to produce conventional honey products with new flavours and exotic add-ons due to changing consumer preferences also provide a positive outlook to the market.
As per the United States honey market analysis, the food and beverages sector accounts for a sizeable share of the market due to the usage of honey as a natural ingredient or a sweetener in food products and beverages such as tea, coffee, and soft drinks. It is also used as a spread over oatmeal, yoghurt, or cereal to enhance the flavour and as a salad dressing to provide a sweet and tangy flavour. Furthermore, it can be utilised in baking processes to improve the flavour and provide a golden colour to cookies, cakes, and other bakery products.
Barkman Honey, LLC, founded in 1960 and based in Kansas, the United States, is a provider of high-quality honey. The company provides different types of honey such as traditional, raw, and flavoured honey, among others.
Dutch Gold Honey, incorporated in 1946, is one of the leading honey manufacturers in the United States. The company distributes honey products such as organic honey and maple syrup products, among others.
Adee Honey Farms, a provider of real premium honey, was founded in 1957 and headquartered in South Dakota, the United States. The company provides classic honey, creamed honey, and honey pouch, among other products.
Other United States honey market players include Johnston Home, The Big Island Bee Company, LLC, GloryBee Inc., Crockett Honey Co., Inc., and Miller's Honey Company, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Processing |
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Breakup by Colour Class |
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Breakup by Application |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of around USD 378.69 million.
The market is projected to grow at a CAGR of 2.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 456.62 million by 2032.
The major market drivers are the growing demand for honey in the food and beverages sector due to its unique flavour and the rising awareness regarding several health benefits of honey.
The key trends of the market include the growing usage of organic honey as a healthy alternative to artificial sweeteners, innovations by key players for the development of new honey flavours, and the usage of honey in cosmetic products.
Organic and conventional are the different segments based on the processing of honey.
The various applications of honey include food and beverage, personal care and cosmetics, and pharmaceuticals, among others.
The key players in the market are Barkman Honey, LLC, Johnston Home, Dutch Gold Honey, Adee Honey Farms, The Big Island Bee Company, LLC, GloryBee Inc., Crockett Honey Co., Inc., and Miller's Honey Company, among others.
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