Food and Beverages Segment to Dominate SAM Dried Honey Market during 2021–2028
According to The Insight Partners market research study on “SAM Dried Honey Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Form, Category, and Application” is expected to reach US$ 51.52 million by 2028 from US$ 29.00 million in 2021. The market is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The report provides trends prevailing in the SAM dried honey market along with the drivers and restraints pertaining to the market growth. Rising preference for dried honey as natural sweeteners in food products and beverages is the major factor driving the growth of the SAM dried honey market. However, issues associated with the presence of other natural sweeteners hinder the growth of SAM dried honey market.
The SAM dried honey market is segmented based on form, category, application, and country. Based on form, the SAM 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 SAM 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 SAM 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, SAM dried honey market is classified into Brazil, Argentina, and Rest of SAM.
ASR Group; Associated British Foods Plc.; Norevo GmbH; Specialty Products and Technology, Inc; and The Archer Daniels Midland Company are among the leading companies in the SAM 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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