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The global honey powder industry is expected to witness a significant growth with the changing preferences of customers. More customers are switching to low-calorie ingredients owing to an increase in diseases like obesity, heart ailments, and diabetes, among others. The honey powder has quickly replaced traditional sweeteners, and the industry is growing at a significant rate driven by huge manufacturing capacities and low costs.
Some of the major players in the honey powder industry include Archer Daniels Midland Company (NYSE: ADM) and Norevo GmbH. In October 2016, Norevo introduced its new honey powder to meet the rising demand for low-calorie food substitutes. The newly launched honey powder by the company is being marketed as a natural sweetening agent, which can be easily used in recipes where humidity has to be kept in check; thus, it can be widely adopted by the bakery industry. In addition to that, the company presented its growing product line of EU-BIO, certified organic confectionery performers, at BioFach 2017, Germany, and ProSweets 2017, Germany. With the growing range of Fairtrade products in its portfolio, Norevo is expected to remain one of the most significant players in the global honey powder industry.
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The major players in the global honey powder market are Archer Daniels Midland Company, Norevo GmbH, T&L Sugars Limited, B Natural srl, ASR Group International Inc., and AmTech Ingredients, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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