Dried Honey Market to hit $1,253.44 Million, Globally, by 2028 at 8.2% CAGR: The Insight Partners

According to the new research report published by The Insight Partners, titled "Dried Honey Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Form (Powder and Granules), Category (Organic and Conventional), and Application (Food & Beverages, Personal Care, and Pharmaceuticals & Nutraceuticals)" includes the description of factors fueling the market growth, estimation, and forecast of revenue, and identification of significant market players and their key developments. It also includes providing market share analysis.

The dried honey market is projected to reach US$ 1,253.44 million by 2028 from US$ 723.18 million in 2021. It is expected to grow at a CAGR of 8.2% from 2021 to 2028.

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Dried honey is used in various applications, primarily in the food and beverages industry. The product is used as a natural alternative to refined sugar. Honey has been known for its antimicrobial and antioxidant properties, which has led to its increased use in personal care products. Honey helps reduce low-density lipoproteins in the body, along with mitigating health risks concerning heart diseases and blood pressure; moreover, the ingredient has been traditionally used as a natural aid for coughing. The health benefits associated with honey have led to its increased use in the nutraceuticals industry.

Based on form, the dried honey market is segmented into powder and granules. The powder segment held a significant market share in 2020. Powdered honey is a dehydrated form of natural honey with less than 2% of the liquid content of the standard liquid form. The powder form is dehydrated, which leads to significantly longer shelf life and is more suitable for use in various recipes. Thus, despite the fact that it may not have the same nutritional benefits as raw honey, powder honey is considered a better alternative for baking. It can be added to a cup of tea, coffee, or green tea, and it is preferable over artificial sweeteners.

The dried honey market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South and Central America (SAM). Asia-Pacific held the largest share of the market in 2020, while the Middle East and Africa market is expected to register the highest CAGR during the forecast period. Honey is highly consumed in countries such as China and India. The rising demand for dried honey as a natural sweetener across the food & beverages sector in the region is one of the top drivers for the dried honey market. Dried honey is easy to handle and store ad it is not sticky, unlike liquid honey. In India, the popularity of organic honey products is substantially increasing owing to their perceived benefits over conventional ones. Moreover, due to the antibacterial and hydrating properties of honey, manufacturers of personal care products across Asia-Pacific are widely employing dried honey in their products.

Impact of COVID-19 Pandemic on Dried Honey Market

The COVID-19 pandemic has negatively impacted various industries due to lockdowns, travel bans, manufacturing shutdowns, and supply shortages. The food and beverages industry faced operational difficulties due to supply chain disruptions, and labor and raw material shortages. However, as the governments of various countries introduced relaxation in social restrictions and accelerated vaccination drives, the food and beverage industry is recovering from its losses. Moreover, an increased inclination toward having healthy and immunity-boosting food and beverages during the COVID-19 outbreak is boosting the growth of the dried honey market.

The report segments the dried honey market as follows:

Based on form, the dried honey market is segmented into powder and granules. Based on category, the market is segmented into organic and conventional. Based on the application, the market is segmented into food & beverages, personal care, and pharmaceuticals and nutraceuticals. Based on geography, the dried honey market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM).

The List of Companies - Dried Honey Market

The leading players in the dried honey market are Best Ground International; ASR GROUP; Hoosier Hill Farm; Associated British Foods plc; Norevo; Specialty Products and Technology, Inc.; Spice Alliance, LLC; SWEET HARVEST FOODS; and ADM; among others.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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