The global dried honey market is expected to be valued at US$1,720 million by 2032, up from US$780 million in 2022, with a 7.9% CAGR from 2022 to 2032.
Honey is regarded as one of the best sources of energy that boosts the immune system. Because dried honey is high in nutrients, the worldwide dried honey market is expected to rise rapidly in the coming years. Honey is also seen as a healthy alternative to sugar, particularly among diabetics.
The leading players in the personal care sector are emphasising the use of naturally and ethically derived components in their products. This hastens the dried honey market. Furthermore, dried honey is shown to be more cost-effective than typical honey and other sweeteners, which is why it is used by many food service providers in place of traditional sweeteners.
The Dried Honey Market is experiencing substantial growth as consumers seek natural and healthy alternatives to traditional sweeteners. With its convenient form and extended shelf life, dried honey appeals to health-conscious individuals and the food industry alike. This upward trend is expected to continue, driven by growing awareness of its versatility and nutritional benefits.
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The pharmaceuticals vertical is also incorporating dried honey in it. The modern-day natural cough syrups can’t be imagined without honey in it. Dried honey certainly helps over here as it is long-lasting and easy to store.
At the same time, the fact that there is a significant decline in the colonies of honey bees; especially as an outcome of urbanization can’t be ignored. Several sophisticated housing complexes prefer destroying the honeycombs with the fear that the bees may harm them on the continuous basis. Their pre-conceived notions are likely to harm the dried honey market. The rural areas, and agrarian economies like India are encouraging rearing of bees in a proper manner, these measures are confined only to the semi-urban areas or villages. This shows that there is a likelihood of disruption in demand-supply ratio with respect to dried honey. This factor may restrain the dried honey market going forward.
Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Dried Honey Market’. It does have its line of expertise in the form of analysts and consultants to deploy a 360-degree view in this regard.
“With numerous vendors in personal care and cosmetic verticals preferring dry honey, the global dried honey market is likely to grow well in the upcoming period”, says an analyst from Future Market Insights.
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Key Takeaways from Dried Honey Market
- North America holds the largest market share with the US being subject to an ever-increasing utilization of dried honey in cosmetics and personal care. Plus, the end-consumers are showing interest in health-enhancing foodstuff. Dried honey being easy to store and transport, is in great demand all through.
- Europe holds the second-largest market share along the lines mentioned above.
- The Asia-Pacific is expected to witness growth at a rapid pace in the dried honey market on the back of well-organized apiculture being encouraged throughout.
Competitive Analysis
- Hoosier Hill Farm has its premium honey powder made up of sweet clover honey. It is used in the form of a natural sweetener for dry rubs, barbecue baste, bread mixes, and desserts. Freezing is not preferred.
- Augason farms is known for producing high-quality, tasty items to cater to emergency storage needs. It could be used on muffins, rolls or breads.
- Wuhu Deli Food Co., Ltd. has its honey products that have obtained HACCP, KOSHER, QS, HALAL certificates.
What does the Report hon?
- The research study is based on method (spray dried honey, dried honey blend, and others), by nature (conventional and organic), by end-use (food & Beverages, special dietary formulations, vinaigrettes, sauces, brines, marinades, bakery products, confectionery, glazes, health foods, seasonings, dry mixes, beverages, personal care and cosmetics, and others (like pharmaceuticals), by flavor (honey (100%), honey with menthol, honey with lemon, honey with eucalyptus, and honey with other flavors), by form (granular and powder), and by sales channel (direct sales/B2B, indirect sales/B2C, hypermarket/supermarket, retail stores, specialty stores, general grocery stores, and online stores).
- With customers showing inclination toward organic products, the global dried honey market is expected to witness splendor in the upcoming period.
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