"Honey flavor" refers to the taste or essence of honey. It is used to describe something that tastes or smells like honey, even if it is not made from actual honey. Full definition
You can also use honey if you like for a touch of honey flavor. (babaganosh.org)
Speaking of the new honey flavored almond milk, it's really good! (eatingbirdfood.com)
Most large scale honey manufacturers have replaced the honey either partially or entirely with honey flavored corn syrup! (thehealthyhomeeconomist.com)