The value of the global organic honey market is forecasted to grow to US$672.8 million in 2020, up from US$609.4 million in 2019. The market is predicted to reach US$910 million by 2023. According to Global Info Research, the market is expected to grow at a CAGR of roughly 7.8% over the next four years.
In 2017, the leading exporters of natural honey included China, New Zealand and Argentina.
Meanwhile, the leading importers of natural honey in 2017 were the United States, with imports of about US$568.77 million, followed by Germany and Japan.
According to World’s Top Exports (WTEx), Europe accounted for the highest dollar worth of imported natural honey in 2017, valued at $1.1 billion or 48.8% of the global total. In second place were North American importers at 25.8%, while 22.1% of worldwide natural honey imports were delivered to Asia. Other destinations for export opportunities are in fast-growing markets. Since 2013, Australia’s import value of natural honey was up 125.5%, followed by China (up 112.5%), Spain (up 44.8%) and Hong Kong (up 31.1%).
Global Marketing Associates has been helping food and beverage companies expand globally for over 15 years. Contact us for a free consultation to learn more about how we can help your company grow export sales.