The global dried honey market was worth US$ 780 Million in the year 2022 and is expected to reach US$ 1.72 Billion by the year 2032 at a CAGR of 7.9% between 2022 and 2032.
Honey is known as one of the finest sources of energy that enhances the immune system. As dried honey does not compromise with nutrients, the global dried honey market ought to witness stupendous growth in the years to come. Honey is also looked upon as a good alternative to sugar; especially for the diabetic patients.
The key participants in personal care vertical are focusing on using naturally and ethically sourced ingredients in the products doled out by them. This accelerates the dried honey market. Besides, dried honey is found to be cost-effective in comparison with traditional honey and the other sweeteners; which is actually the reason behind various providers of food service having it incorporated in place of conventional sweeteners.
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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.
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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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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