Market Overview:
The global honey spread market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for honey spread products due to their health benefits, increasing urbanization and growing disposable income levels in emerging economies. The global honey spread market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into pure honey spreads and hybrid honey spreads. Pure honey spreads are further sub-segmented into single floral variety honeys and multi-floral variety honeys while hybrid honey spreads are further sub-segmented into blended honeys and flavored honeys. On the basis of application, the market is segmented into supermarkets, convenience stores, online stores and other retail formats such as departmental stores etcetera). Geographically,the global Honey Spread Market has been divided into North America (U.S., Canada), Latin America (Brazil), Europe (Germany France Italy Spain U.K.), Asia Pacific (China India Japan South Korea Australia) Middle East & Africa(GCC Countries Turkey Iran South Africa).
Product Definition:
A honey spread is a foodstuff made from a mixture of honey and other ingredients, such as bread, peanut butter, or almonds. It may be used as an accompaniment to various foods or as a spread on breads, rolls, toast, bagels, waffles or pancakes.
Pure Honey Spread:
Honey is one of the purest forms of sugar and has been used since ancient times as a natural sweetener. It has many medicinal properties that help in curing various diseases. Honey is also used for its antibacterial, anti-inflammatory, antioxidant and antiseptic properties. These factors are expected to boost the honey spread market growth over the forecast period.
Hybrid Honey Spread:
Hybrid honey spread is a combination of regular honey and artificial sweetener. It has 60 to 70% less calories than regular honey, which makes it ideal for people who are trying to lose or maintain their weight. The product also helps in boosting energy levels as the body metabolizes sugar slower than glucose, which can give you a boost when consumed in small quantities before workout or during breakfast.
Application Insights:
The superstore segment held the largest share of the global honey spread market in 2017. The application is projected to witness significant growth over the forecast period owing to its wide scope of use in bakery products, confectionery and other desserts, and as a natural sweetener.
In addition, supermarkets are expected to remain a key consumer for these products due to their high demand from consumers looking for organic food options. Moreover, increasing health awareness among consumers is likely to propel product demand from supermarkets over the forecast period. The convenience store segment is also anticipated to grow at a lucrative rate during the same period owing Honeywell International Inc., Tate & Lyle Plc., and others focus on innovation & new product development with various flavors such as chocolate chipotle honey spread made popular by chains like 7-Eleven Japan Co., Ltd.
Regional Analysis:
North America was the largest market for honey spread, accounting for a share of more than 30.0% in 2017. The region is expected to maintain its dominance over the forecast period as well due to growing consumption of honey in various forms across U.S and Canada on account of high acceptance levels towards different flavors across these countries. Furthermore, increasing demand for packaged foods including baked goods and confectionaries will propel growth further over the next eight years.
Asia Pacific is anticipated to be one of the fastest-growing markets at a CAGR exceeding 5% from 2018 to 2030 owing to rising health consciousness among consumers along with increasing disposable income levels especially in China and India will drive demand further over this period.
Growth Factors:
- Increasing demand for healthy and organic food products is expected to drive the growth of honey spread market over the forecast period.
- Rising awareness about the benefits of honey spread is anticipated to boost the demand for honey spread products across the globe.
- Growing popularity of natural sweeteners as an alternative to artificial sweeteners is projected to fuel the growth of honey spread market in near future.
- Rapid urbanization coupled with rising disposable income levels is likely to propel demand for honey spread in developing countries over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Honey Spread Market Research Report
By Type
Pure Honey Spread, Hybrid Honey Spread
By Application
Supermarket, Convenience Store, Online Store, Other
By Companies
Kraft Heinz, Unilever, Nestle, J.M. Smucker, ConAgra Foods, B & G Foods, Ferrero Group, Hershey
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Honey Spread Market Report Segments:
The global Honey Spread market is segmented on the basis of:
Types
Pure Honey Spread, Hybrid Honey Spread
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Convenience Store, Online Store, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kraft Heinz
- Unilever
- Nestle
- J.M. Smucker
- ConAgra Foods
- B & G Foods
- Ferrero Group
- Hershey
Highlights of The Honey Spread Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pure Honey Spread
- Hybrid Honey Spread
- By Application:
- Supermarket
- Convenience Store
- Online Store
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Honey Spread Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Honey spread is a type of honey-based condiment that is used as a dip or sauce. It can be made with either raw or cooked honey, and typically contains spices such as cinnamon, ginger, and cloves.
Some of the key players operating in the honey spread market are Kraft Heinz, Unilever, Nestle, J.M. Smucker, ConAgra Foods, B & G Foods, Ferrero Group, Hershey.
The honey spread market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Honey Spread Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Honey Spread Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Honey Spread Market - Supply Chain
4.5. Global Honey Spread Market Forecast
4.5.1. Honey Spread Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Honey Spread Market Size (000 Units) and Y-o-Y Growth
4.5.3. Honey Spread Market Absolute $ Opportunity
5. Global Honey Spread Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Honey Spread Market Size and Volume Forecast by Type
5.3.1. Pure Honey Spread
5.3.2. Hybrid Honey Spread
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Honey Spread Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Honey Spread Market Size and Volume Forecast by Application
6.3.1. Supermarket
6.3.2. Convenience Store
6.3.3. Online Store
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Honey Spread Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Honey Spread Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Honey Spread Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Honey Spread Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Honey Spread Demand Share Forecast, 2019-2026
9. North America Honey Spread Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Honey Spread Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Honey Spread Market Size and Volume Forecast by Application
9.4.1. Supermarket
9.4.2. Convenience Store
9.4.3. Online Store
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Honey Spread Market Size and Volume Forecast by Type
9.7.1. Pure Honey Spread
9.7.2. Hybrid Honey Spread
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Honey Spread Demand Share Forecast, 2019-2026
10. Latin America Honey Spread Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Honey Spread Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Honey Spread Market Size and Volume Forecast by Application
10.4.1. Supermarket
10.4.2. Convenience Store
10.4.3. Online Store
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Honey Spread Market Size and Volume Forecast by Type
10.7.1. Pure Honey Spread
10.7.2. Hybrid Honey Spread
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Honey Spread Demand Share Forecast, 2019-2026
11. Europe Honey Spread Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Honey Spread Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Honey Spread Market Size and Volume Forecast by Application
11.4.1. Supermarket
11.4.2. Convenience Store
11.4.3. Online Store
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Honey Spread Market Size and Volume Forecast by Type
11.7.1. Pure Honey Spread
11.7.2. Hybrid Honey Spread
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/rowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Honey Spread Demand Share, 2019-2026
12. Asia Pacific Honey Spread Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Honey Spread Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Honey Spread Market Size and Volume Forecast by Application
12.4.1. Supermarket
12.4.2. Convenience Store
12.4.3. Online Store
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Honey Spread Market Size and Volume Forecast by Type
12.7.1. Pure Honey Spread
12.7.2. Hybrid Honey Spread
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Honey Spread Demand Share, 2019-2026
13. Middle East & Africa Honey Spread Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Honey Spread Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Honey Spread Market Size and Volume Forecast by Application
13.4.1. Supermarket
13.4.2. Convenience Store
13.4.3. Online Store
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Honey Spread Market Size and Volume Forecast by Type
13.7.1. Pure Honey Spread
13.7.2. Hybrid Honey Spread
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Honey Spread Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Honey Spread Market: Market Share Analysis
14.2. Honey Spread Distributors and Customers
14.3. Honey Spread Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kraft Heinz
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Unilever
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nestle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. J.M. Smucker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ConAgra Foods
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. B & G Foods
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ferrero Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hershey
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
