Global Honey Powder Market Report and Forecast 2024-2032

Global Honey Powder Market Outlook

The global honey powder market reached a value of about USD 1.13 billion in 2023, with the honey production standing at 1,860 thousand tons in the same year. The market is being driven by the rising demand for low-calorie food ingredients. The market is expected to grow at a CAGR of 4.60% during the forecast period of 2024-2032 to reach a value of USD 1.69 billion by 2032.       

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

North America and European Regions to Significantly Contribute to the Honey Powder Demand

North America and Europe are some of the leading regions for the industry. The regional markets are being driven by the increase in ailments with a rise in the intake of daily calories per person. Markets like North America have seen a considerable increase in the demand for honey powder as more and more people are shifting to low-calorie substitutes for their daily meals. Increased awareness of ailments like obesity and heart diseases is driving the market forward. Furthermore, the Asia Pacific is also likely to see an increase in honey powder demand, owing to its use in beauty care and bakery industries. As a low-cost alternative to traditional sugar, honey powder is making its way into these markets very rapidly, facilitated by the huge production volumes in India and China.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Honey Powder: Market Segmentation

Honey powder or crystalline honey is a dehydrated form of the commonly known liquid honey. This form of honey finds its use in making cakes, pastries, and other sweet edible items. Furthermore, it enhances crunchiness in food.

Based on type, the market is bifurcated into:

• Organic
• Conventional

On the basis of process, the market is segmented into :

• Spray Dry
• Drum/Roller Dry
• Vacuum Dry
• Others

Based on distribution channels, the industry is being segmented into:

• Direct Sales
• Indirect Sales

By application, the market is divided into food and beverage and personal care and cosmetics, among others. The food and beverage segment can be further segmented into:

• Bakery Products
• Dairy
• Beverage
• Confectionery
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Rising Health Awareness is Driving the Market Growth for Honey Powder

The rising health awareness among customers is changing their preferences to low-calorie food substitutes, which is driving the growth of the honey powder industry. Honey powder is being rapidly used as a replacement of traditional liquid honey as an ingredient in medicines, especially cough syrups. The increased usage of dried honey in various beauty products like soaps, lotions, and face masks, owing to the skin benefits associated with it, has driven the growth of the global honey powder market. Honey powder has replaced white sugar as an ingredient in bakery products like cakes, muffins, bread, and cookies. It improves shelf life and stability of the products while maintaining the sweet texture, further driving the industry forward. Moreover, honey powder is cheaper than other sugars, thus, making its way to the customers' grocery lists.

Key Industry Players in the Global Honey Powder Market

The report gives a detailed analysis of the following key players in the global honey powder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Archer Daniels Midland Company
• Norevo GmbH
• T&L Sugars Limited
• B Natural srl
• ASR Group International, Inc.
• AmTech Ingredients
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.

Key Highlights of the Report

Honey Powder Market Report Snapshots

Honey Powder Market Size

Honey Powder Market Growth

Honey Powder Companies