The global dried honey market is projected to be appraised at USD 1,720 million by 2032, up from USD 780 million in 2022, advancing at a CAGR of 7.9% from 2022 to 2032.
The health benefits of eating dry honey and raising awareness about the same are propelling the demand for dry honey.
And sales of dried honey are also on the surge as consumers are gravitating toward organic products in order to limit their consumption of chemically processed goods.
As a result, many vendors in the cosmetic and personal care industries prefer to use honey products such as dry honey, augmenting the overall dried honey market share.
| Report Attribute | Details |
|---|---|
| Dried Honey Market Value (2022) | USD 780 Million |
| Dried Honey Market Anticipated Forecast Value (2032) | USD 1,720 Million |
| Dried Honey Market Projected Growth Rate (2022 to 2032) | 7.9% |
Honey is one of the best sources of energy that improves your immune system and it goes the same when consumed in the dried form, thereby augmenting the demand for dried honey.
Dried honey is the powdered form of honey and the rising sales of dried honey are also due to the fact that it enhances, complements, and intensifies the ingredients flavorings in which it is used.
Being inexpensive and having a longer shelf life than raw honey, the demand for dried honey is expected to rise to a significant extent.
And the sales of dried honey are to soar as it maintains the consistency of the food and is considered the best alternative to sugar.
Consumers nowadays devote more time to researching products and brands that are compatible with their holistic lifestyle and expect brands to be accountable in terms of label transparency, manufacturing procedures, and ingredient sourcing.
As a result, personal care product manufacturers are emphasizing the use of clean, ethically, and naturally sourced ingredients in their products in order to expand their dried honey market share.
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In the past few years, the demand for dried honey is surging as interest grows in dry honey over conventional honey owing to the advantages it holds over conventional liquid honey, including convenience in transport and storage, etc.
Dried honey is inexpensive when compared to conventional honey and other sweeteners which is why more and more food service providers are incorporating it in their products instead of conventional sweeteners resulting in huge sales of dried honey.
The personal care and cosmetic industry are the ones spiking the demand for dried honey significantly.
Integration of dried honey in various cosmetics and personal care products is proliferating and providing the dried honey market share a substantial boost.
Dried honey is emerging as an important alternative to conventional liquid honey, Arabic gum, and other sweeteners, and is expected to elicit heft sales of dried honey over the forecast period.
However, the factors that could sink the sales of dried honey include problems of under or over-drying and the absence of pure honey.
The decline in the number of honey bee colonies is posing a challenge to the sales of dried honey and the same can be attributed to factors such as natural disasters and the effects of weather.
During the forecast period, the loss of honey bee colonies may limit the production of honey products such as dry honey, dwindling the overall dried honey market share.
The dried honey market share of the Asia Pacific is quite high as China is the leading producer of honey with more than half a million tons in the year 2017.
Hence, the demand for dried honey in the Asia Pacific could flourish in the years to come.
In India as well, the production of natural honey is in abundance leading to a rising demand for dried honey.
The market in North America seems attractive too and with the incorporation of dried honey increasing in personal care and cosmetics, and various health foods as a growing interest in health-enhancing foods is observed in individuals, the sales of dried honey are likely to spike in the region.
A few notable players in the dried honey market are Specialty Products and Technology Inc., Archer Daniels Midland Company, Best Ground International, Bio Botanica, Inc., Domino Specialty Ingredients (ASR Group), and 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, Augason Farms are some other players.
These companies have a global presence and serve a diverse set of customers worldwide by meeting their demand for dried honey.
Many prominent market players have diverse product portfolios to meet changing consumer demand for dried honey.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Nature, End Use, Flavors, Form, Sales Channel, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| 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 |
| Customization | Available Upon Request |
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The global dried honey market is projected to move ahead with a CAGR of 7.9% during the forecast period (2022 to 2032).
The dried honey market share of the Asia Pacific is quite high as China is the leading producer of honey.
Some of the key players in the global dried honey market are Specialty Products and Technology Inc., Archer Daniels Midland Company, and Best Ground International, among others.
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