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2022
Honey Powder Market

Honey Powder Market by Application (Bakery Products, Dairy Products, Beauty Products, and Others), Type (Granulated Honey and Powdered Honey), and Distribution Channel (Offline Stores and Online Stores): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15180
Pages: NA
Mar 2022 | 52 Views
   
Author(s) : Roshan Deshmukh
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Honey powder is just a powder form of liquid honey that can be used as a sweetener. It's easier to keep the powder than it is to keep liquid honey in good condition. When preparing cakes, pastries, and other sweet edibles, the powder form of honey is preferable. It's always a better choice than sticky liquid honey or sugar-free powders, whose legitimacy is still in doubt. Honey powder has a unique feature in that, if properly stored, it has a long shelf life. The global honey powder market is expected to develop steadily over the next ten years, thanks to a number of variables and trends that are expected to boost the market's performance. Crystalline honey is a good option to liquid honey since it's easier to work with and has better storage stability. To make the powder free-flowing, it is mixed with maltodextrin as a carrier. Furthermore, crystal honey is free of artificial food colors, anti-sticking agents, and other additives. It is a clear, free-flowing powder with a delicate light yellow crystal structure.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

 2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

Application, Type, Distribution Channel, and Region

  Companies Covered

Lamex Food Group Limited, Archer Daniels Midland Company, NOREVO, Woodland Foods, Augason Farms., AmTech Ingredients, TATE & LYLE SUGARS, Duketoms, Ohly, Specialty Products and Technology Inc., Aayush Food Products., Stakich., Mevive International.

 

COVID-19 Impact Analysis

  • There has been sudden increase in the demand of Honey powder, as people look for healthier substitute for sugar and also with the common belief that honey boosts immunity; honey powder market has seen a rise in demand.
  • COVID-19 has wreaked havoc on the supply chain, with processing companies shut down as a result of the lockdown. As a result, many beekeepers have experienced production shortages in the early months of the lockdown. Furthermore, the business has been harmed by labor shortages, transportation restrictions, and international border closures. Now, as the restrictions are being lifted industry is expected to go back as they were.
  • Manufacturers in honey powder industry have a chance to capitalize on this demand shock; suppliers need to ensure continuous supply of the products. Therefore, COVID-19 is expected to have significant impact on Honey Powder market.

Top Impacting Factors

  • The organic lifestyle is becoming increasingly popular. Organic food and natural cosmetic products are preferred by people because they are simple, healthful, and environmentally friendly. The United States, Germany, France, Canada, and the United Kingdom are among the countries with the largest organic food markets.
  • Even numerous e-commerce companies choose to sell a selection of gourmet products, including honey powder. Honey powder demand is expanding in the global market due to consumer desire for bakery products like as cake, muffins, cookies, and bread.
  • Not only that, but honey powder's natural ability to smooth the skin is enticing beauty product producers to use it in more goods.

Market Trends

Honey Powder's Market has Growing due to Rise in Health Awareness

Customers' tastes for low-calorie food replacements are shifting as a result of increased health consciousness, which is propelling the honey powder sector forward. Honey powder is quickly becoming a popular substitute for traditional liquid honey in medicines, particularly cough syrups. The global honey powder market has grown as a result of the increased use of dried honey in various cosmetic products such as soaps, lotions, and face masks, owing to the skin advantages associated with it. Honey powder has taken the place of white sugar in baked goods such as cakes, muffins, bread, and cookies.

It extends the shelf life and stability of the products while preserving the sweet texture, propelling the industry forward even further. Honey powder is also less expensive than other sugars, thus it makes its way onto customers' shopping lists. Thus, rise in health awareness among consumers is expected to help in boosting demand for the honey powder market

North America and Europe are Expected to Play a Significant Role in the Demand for Honey Powder

North America and Europe are two of the industry's most important regions. Increased illness rates are driving regional markets, as is an increase in daily calorie consumption per person. Honey powder demand has increased significantly in markets such as North America, as more consumers choose to low-calorie alternatives for their regular meals. In terms of revenue, North America accounted for more than 56 percent of the market in 2018. Honey is displacing conventional sweeteners such as sugar and other sweeteners as consumers become more aware of its low-calorie properties. Because it is a natural sweetener and is affordable, it can be used as a substitute for white sugar.

Honey powder is also a non-sticky substitute for liquid honey, making it perfect for long-term storage. These variables are influencing product demand in the region. The industry's key regions include North America and Europe. The growth in illnesses, combined with an increase in daily calorie consumption per person, is driving regional markets. Honey powder demand has increased significantly in markets such as North America, as more consumers opt for low-calorie alternatives in their everyday meals.

Key Benefits of the Report

  • This study presents the analytical depiction of the Honey Powder industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Honey Powder Marketshare.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Honey Powder Marketgrowth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Honey Powder Marketanalysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Honey Powder Market Research Report

  • Which are the leading players active in the Honey Powder Market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is Honey Powder Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the Honey Powder Market?

Key Market Segments

Segments Sub-segments
Application
  • Bakery Products
  • Dairy Products
  • Beauty Products
  • Others
Type
  • Granulated Honey
  • Powdered Honey
Distribution Channel
  • Offline Stores
  • Online Stores
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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