Press Release

Global Honey Powder Market to Reach USD 1.3 billion by 2026, Driven by the Rising Health Concerns

Global Honey Powder Market

According to a new report by EMR titled, ‘Global Honey Powder Market Report and Forecast 2021-2026’, the global market for honey powder attained a value of about USD 1 billion in 2020. The industry is further expected to grow at a CAGR of 4% in the forecast period of 2021-2026 to reach a value of USD 1.3 billion by 2026.

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.

Market Analysis by Type, Process Type, Distribution Channel, Application, and Region:

  • The market on the basis of type can be divided into organic and conventional.
  • Based on the process type, the industry can be divided into spray dry, drum/roller dry, and vacuum dry, among others.
  • The distribution channels for the honey powder industry include direct and indirect sales.
  • Based on application, the market is segmented into food and beverage and personal care and cosmetic, among others.
  • The regional markets for honey powder include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The honey powder industry is being driven by the rising health awareness among customers and a shift toward low-calorie foods. 
  • The rapid usage of honey powder as a replacement for traditional sweeteners is also boosting the market’s rapid growth. 
  • Honey powder is quickly making its way into consumers’ grocery lists owing to lower prices, thus, furthering the market growth.
  • The market is expected to witness a further expansion in the coming years due to the ongoing increases in production volumes.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for honey powder for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, process types, distribution channels, applications, and regional markets of honey powder.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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