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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.
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1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Honey Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Honey Powder Historical Market (2018-2023)
8.3 Global Honey Powder Market Forecast (2024-2032)
8.4 Global Honey Powder Market by Type
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Honey Powder Market by Process Type
8.5.1 Spray Dry
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Drum/Roller Dry
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Vacuum Dry
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Honey Powder Market by Distribution Channel
8.6.1 Direct Sales
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Indirect Sales
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Honey Powder Market by Application
8.7.1 Food and Beverage
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.1.2.1 Bakery Products
8.7.1.2.1.1 Historical Trend (2018-2023)
8.7.1.2.1.2 Forecast Trend (2024-2032)
8.7.1.2.2 Dairy
8.7.1.2.2.1 Historical Trend (2018-2023)
8.7.1.2.2.2 Forecast Trend (2024-2032)
8.7.1.2.3 Beverage
8.7.1.2.3.1 Historical Trend (2018-2023)
8.7.1.2.3.2 Forecast Trend (2024-2032)
8.7.1.2.4 Confectionery
8.7.1.2.4.1 Historical Trend (2018-2023)
8.7.1.2.4.2 Forecast Trend (2024-2032)
8.7.1.2.5 Others
8.7.2 Personal Care and Cosmetic
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Others
8.8 Global Honey Powder Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Honey Powder Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Honey Powder Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Honey Powder Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Honey Powder Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Honey Powder Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Archer Daniels Midland Company
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Norevo GmbH
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 T&L Sugars Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 B Natural srl
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 ASR Group International, Inc.,
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 AmTech Ingredients
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1. Project Requirement and Cost Analysis
1.1 Land, Location and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Honey Powder Market: Key Industry Highlights, 2018 and 2032
2. Global Honey Powder Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Honey Powder Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Honey Powder Historical Market: Breakup by Process Type (USD Million), 2018-2023
5. Global Honey Powder Market Forecast: Breakup by Process Type (USD Million), 2024-2032
6. Global Honey Powder Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Honey Powder Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Honey Powder Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Honey Powder Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Honey Powder Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Honey Powder Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Honey Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Honey Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Honey Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Honey Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Honey Powder Market Forecast: Breakup by Country (USD Million), 2024-2032
22. North America Historical Price Trends and Forecast 2018-2032
23. Europe Historical Price Trends and Forecast 2018-2032
24. Asia Pacific Historical Price Trends and Forecast 2018-2032
25. Latin America Historical Price Trends and Forecast 2018-2032
26. Middle East and Africa Historical Price Trends and Forecast 2018-2032
27. Global Honey Powder Market Structure
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.
The global honey powder market, driven by increasing health concerns, attained a value of USD 1.13 billion in 2023. Aided by growing production capacities, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4.60% to reach a value of USD 1.69 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market is bifurcated into organic and conventional. Based on processes used, the industry is segmented into spray dry, drum/roller dry, and vacuum dry, among others. Based on distribution channels, the market is divided into direct sales and indirect sales. Based on application, the industry is majorly divided into food and beverage and personal care and cosmetics, among others. The food and beverage industry can be further segmented to include bakery products, dairy, beverages, and confectionery, among others. The major regional markets for the product include North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. The key players in the above market include Archer Daniels Midland Company, Norevo GmbH, T&L Sugars Limited, B Natural srl, ASR Group International, Inc., AmTech Ingredients, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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