Australia Honey Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Australia Honey Market is Segmented By Flavor (Multiflora Honey, Eucalyptus Honey, Sidr Honey, Ajwain Honey, Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Online Retailers, Others). The report offers the value (in USD million) for the above-mentioned segments.
Australia Honey Market Size
Market Size in USD
CAGR8.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 8.1% |
| Market Concentration | High |
| Major Players | Australian Honey Products, Honey Australia, Biosota Organics Pty Ltd, Barkman Honey, LLC, Comvita Limited |
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Australia Honey Market Analysis
The Australia Honey Market is estimated to be valued at USD 711 Mn in 2024 and is expected to reach USD 1,226.5 Mn by 2031, growing at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
The honey market in Australia has been witnessing positive trends over the past few years. There is growing awareness among consumers regarding the various health benefits of honey such as its antibacterial, anti-fungal and antioxidant properties. This has driven up the demand significantly. Further, changing lifestyles and hectic schedules have increased the demand for packaged and convenient forms of honey that can be consumed on-the-go. Companies operating in the country are launching innovative honey products such as infused honey, squeezable bottles, and single-serve sachets catering to this demand. Moreover, promotions by key players through various marketing activities are creating more awareness and stimulus in the market. With consumers willing to pay premium prices for high-quality honey, the Australia honey market is expected to continue its positive growth trajectory over the forecast period.