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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
| Global Honey Powder Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 1.13 |
| Market Size 2032 | USD Billion | 1.69 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.60% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 5.8% |
| CAGR 2024-2032 - Market by Country | India | 6.7% |
| CAGR 2024-2032 - Market by Country | China | 5.6% |
| CAGR 2024-2032 - Market by Distribution Channel | Indirect Sales | 5.1% |
| CAGR 2024-2032 - Market by Application | Food and Beverage | 5.2% |
| Market Share by Country 2023 | UK | 4.5% |
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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.
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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
| CAGR 2024-2032 - Market by | Distribution Channel |
| Indirect Sales | 5.1% |
| Direct Sales | XX% |
Based on distribution channels, the industry is being segmented into:
- Direct Sales
- Indirect Sales
| CAGR 2024-2032 - Market by | Application |
| Food and Beverage | 5.2% |
| Personal Care and Cosmetic | XX% |
| Others | XX% |
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
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 5.8% |
| North America | 3.8% |
| Europe | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
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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.
| 2023 Market Share by | Country |
| UK | 4.5% |
| USA | XX% |
| Canada | XX% |
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.
| CAGR 2024-2032 - Market by | Country |
| India | 6.7% |
| China | 5.6% |
| Brazil | 4.5% |
| Canada | 4.3% |
| Australia | 3.9% |
| USA | 3.7% |
| UK | XX% |
| Germany | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Process Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Honey Powder Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global honey powder market attained a value of nearly USD 1.13 billion.
The market is projected to grow at a CAGR of 4.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-32 to reach about USD 1.69 billion by 2032.
The major drivers of the industry, such as changing lifestyles, rising demand from the bakery segment, growing health awareness, the product's lower cost, and the rising adoption of low-calorie food, are expected to aid the market growth.
The key trends driving the growth of the industry include the increasing demand for the product in the personal care industry and the growing demand for organic ingredients in the food and beverage and cosmetics industries.
The major regions in the industry are North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
The leading product types in the industry are organic and conventional.
The major process types in the industry are spray dry, drum/roller dry, and vacuum dry.
Direct sales and indirect sales are the leading distribution channels for the product.
The major application sectors in the industry are food and beverage and personal care and cosmetics, among others.
The major players in the industry are Archer Daniels Midland Company, Norevo GmbH, T&L Sugars Limited, B Natural srl, ASR Group International Inc., and AmTech Ingredients, among others.
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