Honey Spread Global Market Report 2024

Description

“Honey Spread Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on honey spread market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for honey spread? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The honey spread market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Unilever plc; Nestle Alimentana SA; The J.M. Smucker Co.; Conagra Brands Inc.; B & G Foods Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Honey spread is a type of edible viscous product crafted from honey or creamed honey, often combined with additional ingredients such as fruits and nuts.

The primary types of honey spread include pure honey spread, mixed honey spread, honey fruit spread, honey nut or butter spread, among others. Pure honey spread is produced using solely pure honey, which undergoes a gentle filtering process and does not incorporate any other substances such as corn syrup. The processing methods, including conventional and organic approaches, are implemented across various distribution channels such as hypermarkets, supermarkets, online platforms, convenience stores, and others.

The honey spread market research report is one of a series of new reports from The Business Research Company that provides honey spread market statistics, including honey spread industry global market size, regional shares, competitors with a honey spread market share, detailed honey spread market segments, market trends and opportunities, and any further data you may need to thrive in the honey spread industry. This honey spread market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 expansion observed during the historical period can be attributed to the trends in gourmet and specialty foods, increasing concerns regarding sugar content, diverse flavor profiles, marketing positioning as a natural sweetener, and the effectiveness of 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 anticipated growth in the forecast period can be ascribed to the ascent of functional ingredients, the proliferation of specialty and artisanal offerings, the global integration of culinary styles, the adoption of sustainable sourcing practices, and innovations in flavor combinations. Key trends expected in the forecast period encompass innovations in packaging, a focus on clean labels and transparency, an emphasis on sustainable and ethical sourcing, and the pursuit of sugar reduction through alternative sweeteners.

The anticipated increase in honey consumption is set to drive the growth of the honey spread market in the future. Honey, a sweet and viscous liquid produced by bees from floral nectar, is gaining popularity as a natural sweetener with antioxidant properties and various health benefits when used as spreads on bread, pastries, and other foods. This rising trend in honey consumption is fueling the expansion of the honey spread market. For example, in 2021, Statistics Canada reported that honey producers harvested 89.8 million pounds of honey in Canada, marking an 8.0% increase from 2020. Similarly, the United States Department of Agriculture noted an 8% rise in honey consumption in the US, reaching 618 million pounds in 2021. Hence, the growing preference for honey is a significant factor driving the honey spread market's growth.

The expansion of the cosmetics industry is expected to contribute to the growth of the honey spread market. The cosmetics industry, focusing on the production and sale of beauty and personal care products, utilizes honey spread for its natural moisturizing and antibacterial properties, enhancing the effectiveness and nourishing qualities of skincare products. For instance, according to the International Trade Administration, the cosmetic market in Canada generated approximately USD 1.24 billion in revenue in 2021, with an anticipated annual growth rate of 1.45%, expected to reach USD 1.8 billion by 2024. Therefore, the growth in the cosmetics industry is a driving force for the honey spread market.

A noteworthy trend gaining momentum in the honey spread market is product innovation. Major companies in this market are concentrating on developing new solutions to maintain their market positions. In August 2022, Nature Nate's Honey Co., a US-based natural honey producer, introduced Whipped Honey in Original, Cinnamon, and Maple flavors. These variants offer versatility, with Original Whipped Honey suitable for charcuterie and cheese boards or as a toast topping, Cinnamon Whipped Honey complementing fruit and sweetening coffee, and Maple Whipped Honey serving as a natural substitute for maple syrup on pancakes and waffles.

Major players in the honey spread market are also focusing on introducing flavorful offerings, such as honey-infused sweets, to cater to evolving consumer preferences. Honey-infused sweets incorporate honey as a key ingredient, providing a distinct flavor and sweetness to confections or treats. For instance, in July 2021, Dabur, an India-based manufacturer of ayurvedic medicine and natural consumer products, launched Honey Tasties, a honey-infused sweet available in chocolate and strawberry flavors. Enriched with Vitamin D and without added sugar, Honey Tasties are versatile for use in milk, on bread, or in various desserts.

In April 2021, Blue Road Capital, a US-based private equity firm, successfully acquired Sweet Harvest Foods for an undisclosed amount. This strategic acquisition aligns Blue Road Capital with Sweet Harvest's management team, aiming for growth and additional opportunities in the expansive natural food and ingredient market. Sweet Harvest Foods, a US-based company, specializes in producing top-quality honey, agave, and molasses products.

Major companies operating in the honey spread market report are Unilever plc, Nestle 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

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

The countries covered in the honey spread market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The honey spread market consists of sales of spreads made by using comb honey, liquid honey, and crystallized honey. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11799

1. Executive Summary

2. Honey Spread Market Characteristics

3. Honey Spread Market Trends And Strategies

4. Honey Spread Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Honey Spread Market Size and Growth

5.1. Global Honey Spread Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Honey Spread Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Honey Spread Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Honey Spread Market Segmentation

6.1. Global Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Pure Honey Spread
Mixed Honey Spread
Honey Fruit Spread
Honey Nut Or Butter Spread
Other Types
6.2. Global Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional
Organic
6.3. Global Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hypermarkets And Supermarkets
Online
Convenience Stores
Other Applications

7. Honey Spread Market Regional And Country Analysis

7.1. Global Honey Spread Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Honey Spread Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Honey Spread Market

8.1. Asia-Pacific Honey Spread Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Honey Spread Market

9.1. China Honey Spread Market Overview
9.2. China Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Honey Spread Market

10.1. India Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Honey Spread Market

11.1. Japan Honey Spread Market Overview
11.2. Japan Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Honey Spread Market

12.1. Australia Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Honey Spread Market

13.1. Indonesia Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Honey Spread Market

14.1. South Korea Honey Spread Market Overview
14.2. South Korea Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Honey Spread Market

15.1. Western Europe Honey Spread Market Overview
15.2. Western Europe Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Honey Spread Market

16.1. UK Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Honey Spread Market

17.1. Germany Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Honey Spread Market

18.1. France Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Honey Spread Market

19.1. Italy Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Honey Spread Market

20.1. Spain Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Honey Spread Market

21.1. Eastern Europe Honey Spread Market Overview
21.2. Eastern Europe Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Honey Spread Market

22.1. Russia Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Honey Spread Market

23.1. North America Honey Spread Market Overview
23.2. North America Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Honey Spread Market

24.1. USA Honey Spread Market Overview
24.2. USA Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Honey Spread Market

25.1. Canada Honey Spread Market Overview
25.2. Canada Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Honey Spread Market

26.1. South America Honey Spread Market Overview
26.2. South America Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Honey Spread Market

27.1. Brazil Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Honey Spread Market

28.1. Middle East Honey Spread Market Overview
28.2. Middle East Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Honey Spread Market

29.1. Africa Honey Spread Market Overview
29.2. Africa Honey Spread Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Honey Spread Market, Segmentation By Processing, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Honey Spread Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Honey Spread Market Competitive Landscape And Company Profiles

30.1. Honey Spread Market Competitive Landscape
30.2. Honey Spread Market Company Profiles
- 30.2.1. Unilever plc
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Nestle Alimentana SA
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. The J.M. Smucker Co.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Conagra Brands Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. B & G Foods Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Honey Spread Market Competitive Benchmarking

32. Global Honey Spread Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Honey Spread Market

34. Honey Spread Market Future Outlook and Potential Analysis

34.1 Honey Spread Market In 2028 - Countries Offering Most New Opportunities
34.2 Honey Spread Market In 2028 - Segments Offering Most New Opportunities
34.3 Honey Spread Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer