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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 (2015-2025); 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 2019, 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 2020-2025 to reach a value of USD 1.3 billion by 2025.

 

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.

 

Honey Powder: Industry Definition and 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:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa.

 

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.

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 (2015-2019) 
    8.3    Global Honey Powder Market Forecast (2020-2025)
    8.4    Global Honey Powder Market by Type
        8.4.1    Organic
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Conventional
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    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 (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Drum/Roller Dry
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Vacuum Dry
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        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 (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Indirect Sales
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
    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 (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
                8.7.1.3.1    Bakery Products
                    8.7.1.3.1.1    Market Share
                    8.7.1.3.1.2    Historical Trend (2015-2019)
                    8.7.1.3.1.3    Forecast Trend (2020-2025)
                8.7.1.3.2    Dairy
                    8.7.1.3.2.1    Market Share
                    8.7.1.3.2.2    Historical Trend (2015-2019)
                    8.7.1.3.2.3    Forecast Trend (2020-2025)
                8.7.1.3.3    Beverage
                    8.7.1.3.3.1    Market Share
                    8.7.1.3.3.2    Historical Trend (2015-2019)
                    8.7.1.3.3.3    Forecast Trend (2020-2025)
                8.7.1.3.4    Confectionery
                    8.7.1.3.4.1    Market Share
                    8.7.1.3.4.2    Historical Trend (2015-2019)
                    8.7.1.3.4.3    Forecast Trend (2020-2025)
                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 (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
        8.7.3    Others
    8.8    Global Honey Powder Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operation Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Archer Daniels Midland Company
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Norevo GmbH
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    T&L Sugars Limited
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    B Natural srl
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    ASR Group International, Inc.,
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    AmTech Ingredients
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Others
15    Industry Events and Developments

 

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 Figures and Tables

1.    Global Honey Powder Market: Key Industry Highlights, 2015 and 2025
2.    Global Honey Powder Historical Market: Breakup by Source (USD Million), 2015-2019
3.    Global Honey Powder Market Forecast: Breakup by Source (USD Million), 2020-2025
4.    Global Honey Powder Historical Market: Breakup by Process Type (USD Million), 2015-2019
5.    Global Honey Powder Market Forecast: Breakup by Process Type (USD Million), 2020-2025
6.    Global Honey Powder Historical Market: Breakup by Distribution Channel (USD Million), 2015-2019
7.    Global Honey Powder Market Forecast: Breakup by Distribution Channel (USD Million), 2020-2025
8.    Global Honey Powder Historical Market: Breakup by Application (USD Million), 2015-2019
9.    Global Honey Powder Market Forecast: Breakup by Application (USD Million), 2020-2025
10.    Global Honey Powder Historical Market: Breakup by Region (USD Million), 2015-2019
11.    Global Honey Powder Market Forecast: Breakup by Region (USD Million), 2020-2025
12.    North America Honey Powder Historical Market: Breakup by Country (USD Million), 2015-2019
13.    North America Honey Powder Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Europe Honey Powder Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Europe Honey Powder Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Asia Pacific Honey Powder Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Asia Pacific Honey Powder Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    Latin America Honey Powder Historical Market: Breakup by Country (USD Million), 2015-2019
19.    Latin America Honey Powder Market Forecast: Breakup by Country (USD Million), 2020-2025
20.    Middle East and Africa Honey Powder Historical Market: Breakup by Country (USD Million), 2015-2019
21.    Middle East and Africa Honey Powder Market Forecast: Breakup by Country (USD Million), 2020-2025
22.    North America Historical Price Trends and Forecast 2015-2025
23.    Europe Historical Price Trends and Forecast 2015-2025
24.    Asia Pacific Historical Price Trends and Forecast 2015-2025
25.    Latin America Historical Price Trends and Forecast 2015-2025
26.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
27.    Global Honey Powder Market Structure

Key Questions Answered in the Report

In 2019, 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 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-25 to reach about USD 1.3 billion by 2025.

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 2019. Aided by growing production capacities, the market is expected to witness further growth in the forecast period of 2020-2025, growing at a CAGR of 4.0% to reach a value of USD 1.3 billion by 2025.

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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