The global dried honey market is expected to reach USD 1,720 million by 2032, marking a significant increase from USD 780 million in 2022, with a compound annual growth rate (CAGR) of 7.9% from 2022 to 2032.
Honey is renowned for being a superior source of energy that boosts the immune system. With dried honey retaining all its nutrients, the global dried honey market is expected to experience remarkable growth in the coming years. Additionally, honey is increasingly seen as a viable alternative to sugar, particularly beneficial for diabetic patients.
Leading players in the personal care sector are emphasizing the use of naturally and ethically sourced ingredients in their products, thereby driving growth in the dried honey market. Additionally, dried honey is proving to be cost-effective compared to traditional honey and other sweeteners. This affordability has prompted food service providers to adopt dried honey as a replacement for conventional sweeteners.
The pharmaceutical sector is increasingly incorporating dried honey into its products. Modern natural cough syrups, for instance, often rely on honey as a key ingredient. Dried honey is particularly advantageous in this context due to its long shelf life and ease of storage.
At the same time, the significant decline in honey bee colonies, largely due to urbanization, cannot be overlooked. Many modern housing complexes tend to destroy honeycombs out of concern for potential harm from bees, which could negatively impact the dried honey market. Although rural areas and agrarian economies like India are promoting proper beekeeping practices, these efforts are largely limited to semi-urban and village areas. This discrepancy could lead to disruptions in the demand-supply balance for dried honey, potentially restraining market growth in the future.
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.
Key Companies Profiled
- Specialty Products and Technology Inc.
- The Archer Daniels Midland Company
- Best Ground International
- Bio Botanica, Inc.
- Domino Specialty Ingredients (ASR Group)
- Haldin Pacific Semesta
- Spice Jungle, LLC
- Ohly (ABF Ingredients)
- Hoosier Hill Farm
- Maple Leaf Garden Food Co.
- Island Abbey Foods Ltd.
- Wuhu Deli Foods Co., Ltd.
- Natural Sourcing LLC
Key Segments Profiled in the Dried Honey Market Survey
By Method:
- Dried Honey Blend
- Spray Dried Honey
- Others
By Nature:
- Organic
- Conventional
By End Use:
- Food and Beverages
- Special Dietary Formulations
- Vinaigrettes
- Sauces
- Brines
- Marinades
- Bakery Products
- Confectionery
- Glazes
- Health Foods
- Seasonings
- Dry Mixes
- Beverages
- Personal Care and Cosmetics
- Others (Pharmaceuticals, etc.)
By Flavours:
- Honey (100%)
- Honey with Menthol
- Honey with Lemon
- Honey with Eucalyptus
- Honey with Other Flavours
By Form:
- Powder
- Granular
By Sales Channel:
- Direct Sales/B2B
- Indirect Sales/B2C
- Supermarket/Hypermarket
- Retail Stores
- Specialty Stores
- General Grocery Stores
- Online Stores
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