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Global Honey Powder Market: By Type: Organic, Conventional; By Process Type: Spray Dry, Drum/Roller Dry, Vacuum Dry, Others; By Distribution Channel; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Honey Powder Market Outlook
The global honey powder market reached a value of about USD 1 billion in 2020, with the honey production standing at 1,860 thousand tons in the same year. The market is being driven by the rising demand for low-calorie food ingredients. The market is expected to grow at a CAGR of 4.0% during the forecast period of 2023-2028 to reach a value of USD 1.3 billion by 2026.
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North America and European Regions to Significantly Contribute to the Honey Powder Demand
North America and Europe are some of the leading regions for the industry. The regional markets are being driven by the increase in ailments with a rise in the intake of daily calories per person. Markets like North America have seen a considerable increase in the demand for honey powder as more and more people are shifting to low-calorie substitutes for their daily meals. Increased awareness of ailments like obesity and heart diseases is driving the market forward. Furthermore, the Asia Pacific is also likely to see an increase in honey powder demand, owing to its use in beauty care and bakery industries. As a low-cost alternative to traditional sugar, honey powder is making its way into these markets very rapidly, facilitated by the huge production volumes in India and China.
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Honey Powder: Market Segmentation
Honey powder or crystalline honey is a dehydrated form of the commonly known liquid honey. This form of honey finds its use in making cakes, pastries, and other sweet edible items. Furthermore, it enhances crunchiness in food.
Based on type, the market is bifurcated into:
- Organic
- Conventional
On the basis of process, the market is segmented into :
- Spray Dry
- Drum/Roller Dry
- Vacuum Dry
- Others
Based on distribution channels, the industry is being segmented into:
- Direct Sales
- Indirect Sales
By application, the market is divided into food and beverage and personal care and cosmetics, among others. The food and beverage segment can be further segmented into:
- Bakery Products
- Dairy
- Beverage
- Confectionery
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.
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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.
Key Industry Players in the Global Honey Powder Market
The report gives a detailed analysis of the following key players in the global honey powder market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Archer Daniels Midland Company
- Norevo GmbH
- T&L Sugars Limited
- B Natural srl
- ASR Group International, Inc.
- AmTech Ingredients
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Process Type, Distribution Channel, Application, Region |
| Breakup by Type | Organic, Conventional |
| Breakup by Process Type | Spray Dry, Drum/Roller Dry, Vacuum Dry, Others |
| Breakup by Distribution Channel | Direct Sales, Indirect Sales |
| Breakup by Application | Food and Beverage, Personal Care and Cosmetic, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Archer Daniels Midland Company, Norevo GmbH, T&L Sugars Limited, B Natural srl, ASR Group International, Inc., AmTech Ingredients, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
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 Industry Opportunities and Challenges
8 Global Honey Powder Market Analysis
8.1 Key Industry Highlights
8.2 Global Honey Powder Historical Market (2018-2022)
8.3 Global Honey Powder Market Forecast (2023-2028)
8.4 Global Honey Powder Market by Type
8.4.1 Organic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Honey Powder Market by Process Type
8.5.1 Spray Dry
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Drum/Roller Dry
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Vacuum Dry
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Honey Powder Market by Distribution Channel
8.6.1 Direct Sales
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Indirect Sales
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Honey Powder Market by Application
8.7.1 Food and Beverage
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.1.3.1 Bakery Products
8.7.1.3.1.1 Market Share
8.7.1.3.1.2 Historical Trend (2018-2022)
8.7.1.3.1.3 Forecast Trend (2023-2028)
8.7.1.3.2 Dairy
8.7.1.3.2.1 Market Share
8.7.1.3.2.2 Historical Trend (2018-2022)
8.7.1.3.2.3 Forecast Trend (2023-2028)
8.7.1.3.3 Beverage
8.7.1.3.3.1 Market Share
8.7.1.3.3.2 Historical Trend (2018-2022)
8.7.1.3.3.3 Forecast Trend (2023-2028)
8.7.1.3.4 Confectionery
8.7.1.3.4.1 Market Share
8.7.1.3.4.2 Historical Trend (2018-2022)
8.7.1.3.4.3 Forecast Trend (2023-2028)
8.7.1.3.5 Others
8.7.2 Personal Care and Cosmetic
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Global Honey Powder Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Honey Powder Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Honey Powder Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Honey Powder Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Honey Powder Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Honey Powder Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 (2018-2022) & Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
16.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
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 2028
2. Global Honey Powder Historical Market: Breakup by Source (USD Million), 2018-2022
3. Global Honey Powder Market Forecast: Breakup by Source (USD Million), 2023-2028
4. Global Honey Powder Historical Market: Breakup by Process Type (USD Million), 2018-2022
5. Global Honey Powder Market Forecast: Breakup by Process Type (USD Million), 2023-2028
6. Global Honey Powder Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7. Global Honey Powder Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8. Global Honey Powder Historical Market: Breakup by Application (USD Million), 2018-2022
9. Global Honey Powder Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Global Honey Powder Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Honey Powder Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Honey Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Honey Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Honey Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Honey Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Honey Powder Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Honey Powder Market Forecast: Breakup by Country (USD Million), 2023-2028
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Honey Powder Market Structure
Key Questions Answered in the Report
In 2020, the global honey powder market attained a value of nearly USD 1 billion.
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-25 to reach about USD 1.3 billion by 2026.
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.
Analyst Review
The global honey powder market, driven by increasing health concerns, attained a value of USD 1 billion in 2020. Aided by growing production capacities, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 4.0% to reach a value of USD 1.3 billion by 2026.
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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