Conventional Segment to Dominate MEA Dried Honey Market during 2021–2028
According to The Insight Partners market research study on “MEA Dried Honey Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form, Category, and Application” is expected to reach US$ 105.16 million by 2028 from US$ 57.78 million in 2021. The market is estimated to grow at a CAGR of 8.9% from 2021 to 2028. The report provides trends prevailing in the MEA dried honey market along with the drivers and restraints pertaining to the market growth. Rising preference for organic and all-natural food products is the major factor driving the growth of the MEA dried honey market. However, issues associated with the presence of other natural sweeteners hinder the growth of MEA dried honey market.
The MEA dried honey market is segmented based on form, category, application, and country. Based on form, the MEA dried honey market is segmented into powder and granules. The powder segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on category, the MEA dried honey market is segmented into organic and conventional. The conventional segment dominated the market in 2020 and organic segment is expected to be the fastest growing during the forecast period. Based on application, the MEA dried honey market is segmented into food and beverages, personal care, pharmaceuticals, and nutraceuticals. The food and beverages segment dominated the market in 2020 and pharmaceuticals, and nutraceuticals segment is expected to be the fastest growing during the forecast period. The pharmaceuticals, and nutraceuticals segment is further segmented into lozenges, gummies, and others. Based on country, MEA dried honey market is classified into South Africa, Saudi Arabia, UAE, and Rest of MEA.
ASR Group; Associated British Foods Plc.; Best Ground International; Specialty Products and Technology, Inc; and The Archer Daniels Midland Company are among the leading companies in the MEA dried honey market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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