According to the research report titled ‘Global Honey Food Market Size study, by Type (Table Honey, Cooking Ingredient Honey) by Application (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores) and Regional Forecasts 2020-2027‘, available with Market Study Report, global honey food market is projected to witness substantial growth during 2020-2027.
 

Increasing awareness regarding attributes of honey such as antioxidants content which prevent cellular damage, and usage as potential replacement for table sugar are contributing to the growth of global honey food market. In addition, health benefits of honey in therapeutics is fueling its consumption in healthcare facilities, drug production, and production of medicinal disposables, hence fueling the industry growth.
 

Also, increasing health consciousness among individuals is fueling the demand for natural sweeteners, thereby positively impacting the global honey food market outlook. Moreover, adoption of honey as a food additive in production of commercial beverages like sweet alcoholic drinks, which involves fermentation of honey, propels the industry growth.
 

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As per United States Department of Agriculture, the total honey production in the US, from producers with five or more colonies, accounted for 152 million pounds in 2018, which is an increase of 2% from 2017. Further, the year witnessed an increase in number of bee colonies by 4% to reach 2.80 million.
 

However, honey has a high sugar profile which may hamper the market growth 2020-2027. Although, emergence of technologies to maintain the health and strength of honey hives is creating opportunities for the global honey food market share.
 

In terms of type, global honey food industry is bifurcated into cooking ingredient honey, and table honey. Considering the mode of application, the market is divided into specialty stores, hypermarkets & supermarkets, and convenience stores. 
 

From a regional frame of reference, worldwide honey food industry is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. North America market is projected to record significant growth during the study period, mainly due to rise in advanced clinical & medical studies, along with high consumption of food & beverage products in the region. Whereas, Asia-Pacific market is poised to generate massive revenues over 2020-2027, owing to increasing disposable income, and growing presence of food manufacturing units in the region.
 

Major players operating in global honey food market sphere include Capilano Honey Ltd., Steens Honey Ltd., Lamex Food Group Ltd., Beeyond the Hive, Barkman Honey LLC, Dabur India Ltd., McCormick & Company Inc., Comvita Ltd., Bee Maid Honey Ltd., and Dutch Gold Honey Inc.