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Investing in the booming dried honey market: expected valuation of $1,720 million by 2032 with a CAGR of 7.9% | FMI projection

Dried honey market
Dried honey market

The global dried honey market is expected to appreciate $1,720 million by 2032on from $780 million in 2022immediately 7.9% CAGR from 2022 to 2032. Honey is also seen as a healthy alternative to sugar, especially among diabetics.

Honey is considered one of the best sources of energy that strengthens the immune system. Since dried honey contains many nutrients, the global dried honey market is expected to rise rapidly in the coming years.

The best personal care companies place great emphasis on using ethically sourced and naturally occurring ingredients in their products. This benefits the dried honey sector. Dried honey is often used in eateries in place of regular honey and other sweeteners because it is cheaper.

The dried honey market is rapidly expanding as customers look for healthier and more natural alternatives to standard sweeteners. Dried honey is popular among the food industry and health-conscious consumers due to its convenient form and long shelf life. This growing trend is likely to continue as more people become aware of its versatility and nutritional value.

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The pharmaceutical sector also uses dried honey. Modern natural cough syrups are no longer conceivable without honey in them. Dried honey certainly helps here, because it has a long shelf life and is easy to store.

At the same time, the fact that there is a significant decline in honey bee colonies; especially as a consequence of urbanization cannot be ignored. Several advanced residential complexes prefer to destroy the honeycombs, fearing that the bees will continually harm them. Their preconceived ideas will likely hurt the dried honey market. The rural areas and agricultural economies like India encourage bee farming properly; these measures are only limited to the semi-urban areas or villages. This shows that there is likely to be a disruption in the supply-demand relationship with regard to dried honey. This factor may limit the dried honey market in the future.

“As numerous suppliers in the personal care and cosmetics sectors prefer dry honey, the global dried honey market is likely to grow well in the coming period,” says an analyst from Future Market Insights.

Key Takeaways from the Dried Honey Market

  • North America has the largest market share, while the US is experiencing an ever-increasing use of dried honey in cosmetics and personal care. In addition, end consumers are showing interest in health-promoting foods. Because dried honey is easy to store and transport, it is always in high demand.
  • Europe has the second largest market share along the above lines.
  • The Asia Pacific region is expected to grow at a rapid pace in the dried honey market, owing to well-organized beekeeping that is encouraged everywhere.

Competitive analysis

  • Hoosier Hill Farm has its premium honey powder consisting of sweet clover honey. It is used in the form of a natural sweetener for dry rubs, barbecue basting, bread mixes and desserts. Freezing is not preferred.
  • Augason Farms is known for producing high-quality, tasty products to meet emergency storage needs. It can be used on muffins, rolls or bread.
  • Wuhu Deli Food Co., Ltd. has its honey products obtained HACCP, KOSHER, QS and HALAL certificates.

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Key segments profiled in the dried honey market research

By method:

  • Dried honey mix
  • Spray dried honey
  • Others

Naturally:

By end use:

  • Food and drink
  • Special dietary formulations
  • Vinaigrettes
  • Sauces
  • Brine
  • Marinades
  • Bakery products
  • Pastry shop
  • Glazes
  • Health food
  • Seasonings
  • Dry mixes
  • Drinks
  • Personal care and cosmetics
  • Others (pharmaceuticals, etc.)

By flavours:

  • Honey (100%)
  • Honey with Menthol
  • Honey with Lemon
  • Honey with Eucalyptus
  • Honey with other flavors

By shape:

By sales channel:

  • Direct sales/B2B
  • Indirect sales/B2C
  • Supermarket/hy
  • per market
  • Stores
  • Specialty stores
  • General supermarkets
  • Online stores

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides deep insights into the driving factors driving demand in the market. FMI is the leading global provider of market information, advisory services, consultancy and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial and Chemical markets. With a vast team of more than 400 analysts worldwide, FMI offers global, regional and local expertise on diverse domains and industry trends in more than 110 countries.

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