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Dried Honey Market Analysis

  • Report ID: GMI11848
  • Published Date: Oct 2024
  • Report Format: PDF

Dried Honey Market Analysis

Powdered honey segment USD 473.3 Million in 2023, and it is anticipated to expand to an 9.1% of CAGR during 2024-2032. Powdered honey, a popular variant of dried honey, is favored for its versatility and ease of handling. The food and beverage industry frequently employs it as a natural sweetener and flavor enhancer. A notable trend propelling the growth of powdered honey is its increasing demand in health-centric products, such as dietary supplements, protein bars, and low-calorie snacks. Powdered honey's extended shelf life and transport convenience, especially when juxtaposed with liquid honey, have made it a preferred choice for food manufacturers emphasizing cost-effectiveness and easy storage.
 

Dried Honey Market Revenue Share, By End User, (2023)

The dried honey market from food industry segment was valued at USD 563.3 Million in 2023 and gained an 8.9% CAGR from 2024 to 2032. The food industry stands as the predominant end user of dried honey products. A key trend propelling growth in this sector is the rising demand for natural sweeteners across a diverse range of food items, including baked goods, snacks, sauces, and beverages. Furthermore, the surge in clean-label and health-conscious product trends has led to a heightened adoption of dried honey, positioning it as a preferred alternative to artificial sweeteners and high-fructose corn syrup.
 

Supermarkets/hypermarkets segment was valued at USD 330.6 Million in 2023 and gained an 8.9% CAGR from 2024 to 2032. Supermarkets and hypermarkets serve as key distribution channels for dried honey, especially catering to in-store shoppers. Rising demand for dried honey has prompted these retailers to allocate more shelf space to natural sweeteners and healthy foods. In response to surging consumer interest, supermarkets are broadening their range of dried honey products, now featuring organic and premium selections.
 

U.S. Dried Honey Market Size, 2021- 2032 (USD Million)

The US dried honey market is expected to hold USD 252.7 million in 2023 and expected to grow at a 9.5% CAGR. The U.S. stands out as the frontrunner in this region, propelled by a consumer base increasingly prioritizing health and the surging trend of organic and natural products. Dried honey finds its applications not just in snacks, baked goods, and beverages, but also prominently in the nutraceutical and cosmetics sectors.
 

Consumer demand for natural and versatile sweeteners is fueling steady growth in the North American dried honey market. Dried honey, produced by dehydrating liquid honey into a powder, not only preserves the natural flavor and nutritional benefits of its liquid counterpart but also boasts an extended shelf life and versatility in food applications. In North America, the growing preference for clean-label ingredients and healthier substitutes for refined sugar has heightened the appeal of dried honey, reinforcing its image as a natural and healthier sweetening choice.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global dried honey industry was valued at USD 851.3 million in 2023 and is estimated to grow at a CAGR of over 8.5% from 2024 to 2032, driven by the rising demand for natural sweeteners and the expanding food and beverage sector.

The powdered honey segment recorded USD 473.3 million in 2023 and is anticipated to expand at a 9.1% CAGR during 2024-2032 due to its versatility and increasing demand in health-centric products like dietary supplements and protein bars.

The U.S. dried honey market was valued at USD 252.7 million in 2023 and is expected to grow at a 9.5% CAGR, driven by a consumer base prioritizing health and the trend towards organic and natural products.

Key players in the industry include Avni Foods, HariKasa Ayur, Infizar Foods and Agro Industries, JAIN FOODS, Mevive International, Ohly, Prasad Organic, and Vedant Agro Foods.

Dried Honey Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 17
  • Pages: 200
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