The dried honey market is projected to reach US$ 1,253.44 million by 2028 from US$ 723.18 million in 2021. It is expected to grow at a CAGR of 8.2% from 2021 to 2028.
Dried honey is obtained by drying liquid honey and maltodextrin in a spray dryer. It blends very easily in different formulations. Moreover, it is easy to store and transport, therefore, requires low transportation costs. The rising popularity of honey owing to its antimicrobial and healing properties is driving its demand from the personal care and pharmaceuticals industries. Moreover, it is used in various dietary supplements as a natural sweetening agent. Furthermore, owing to the moisture retention properties of dried honey, it is being used in bakery products. It also improves the texture of these products and imparts rich flavor.
Asia-Pacific held the largest share of the global dried honey market in 2020, while the Middle East and Africa is expected to register the highest CAGR during the forecast period. China is one of the largest producers and exporters of honey in the world. Dried honey is also becoming popular owing to its low-calorie content compared to refined sugar and other artificial sweeteners. In the beauty and wellness industry, dried honey has significant applications owing to its antimicrobial and anti-inflammatory properties. The beauty trends are rapidly evolving in the Asia-Pacific Market. Natural skincare routine trends are becoming popular, especially among women in the region. Moreover, the antimicrobial properties and high antioxidant content of honey rejuvenate skin, thereby soothing the skin, making it radiant, and preventing acne formation. The increasing inclusion of honey powder in natural skincare routines is projected to boost the regional market growth during the forecast period.
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Dried Honey Market: Strategic Insights
Market Size Value in US$ 723.18 Million in 2021 Market Size Value by US$ 1,253.44 Million by 2028 Growth rate CAGR of 8.2% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Dried Honey Market: Strategic Insights
| Market Size Value in | US$ 723.18 Million in 2021 |
| Market Size Value by | US$ 1,253.44 Million by 2028 |
| Growth rate | CAGR of 8.2% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Dried Honey Market
Impact of COVID-19 Pandemic on Dried Honey Market
The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The dried honey market witnessed a mixed impact of the COVID-19 pandemic. The shutdown of the food and beverages industry disrupted the global supply chains and product manufacturing activities in 2020. In addition, restrictions on movements across country borders made it difficult to transport raw materials, thereby disturbing international trade. However, the demand for dried honey surged after the onset of the COVID-19 pandemic. As studies claim, it helps enhance the immune system when consumed with black pepper. As a result, sales of dried honey products, including honey powder and granules, surged in the last two years. Due to its antiviral, antifungal, and antibacterial properties, honey has received global acceptance as an effective medicine for treating acute throat infections and cough. These factors had positive effects on the growth of the dried honey market.
Dried Honey Market Breakdown: By Region
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Increasing Awareness of Benefits of Dried Honey Across Industries Drives Market Growth
Dried honey is used across industries such as food & beverages, personal care, and pharmaceuticals and nutraceuticals. It is used as a preferred natural sweetener in the food & beverages sector due to its low calorific content and antimicrobial properties. Honey powder improves the stability of bakery products by prolonging their shelf life, owing to its moisture retention properties. Moreover, dried honey is employed in personal care products such as moisturizers, anti-aging creams, scrubs, face masks, shampoos, and conditioners. It is used in medicines that treat throat infections, bronchial asthma, constipation, and digestive disorders. It is also present in ointments that help heal wounds, injuries, mouth ulcers, and eczema, owing to its anti-inflammatory properties. Thus, the rising demand for dried honey from various end-use industries fuels the dried honey market growth.
Form Insights
Based on form, the dried honey market is bifurcated into powder and granules. The powder segment accounted for a larger market share in 2020 and is expected to register a higher CAGR in the market during the forecast period. Honey powder is extensively used as a natural sweetening agent in bakery products, desserts, ice-creams, confectioneries, among other products. Owing to its moisture retention properties, it is used in bread, cakes, pastries, muffins, and dry baking mixes. According to a study conducted by Food Research International, honey powder improves the stability of bakery products by prolonging their shelf lives, owing to its moisture retention properties. Moreover, it provides desirable color, aroma, and browning effect in bakery products. Honey powder is also used in personal care products as it blends easily in different formulations. It offers numerous benefits in terms of handling, processing, and new application possibilities.
Category Insights
Based on category, the dried honey market is bifurcated into organic and conventional. The conventional segment accounted for a larger market share in 2020, and the organic segment is expected to register a higher CAGR in the market during the forecast period. Organic honey powder is made by spray drying liquid honey with organic maltodextrin. It is used in applications where soluble honey is required. Organic honey has been independently certified as a product extracted from bee colonies farmed at 5–8 km away from roads, factories, or dwellings. Generally, organic dried honey is more expensive and has better quality than conventional dried honey. Therefore, the demand for organic dried honey is projected to increase substantially during the forecast period, as customers demand premium quality and natural products.
Dried Honey Market, by Category – 2020 and 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Application Insights
Based on application, the dried honey market is segmented into food & beverage, personal care, and pharmaceuticals & nutraceuticals. The food and beverages segment accounted for the largest market share in 2020, and the pharmaceuticals & nutraceuticals segment is expected to register the highest CAGR in the market during the forecast period. Honey is incorporated in various pharmaceutical and nutraceutical products, such as medicines, supplements, and ointments. It has been in use as an important ingredient in traditional medicines or is combined with topical and oral medications. The dried honey powder is added to lozenges, gummies, and cough drops, and is used in medicated confectionery products for sore throats, such as candies. The antibacterial and anti-inflammatory substances in honey are effective against various infections. It can also help resolve constipation and cramping problems.
A few of the players operating in the dried honey market are include Best Ground International; ASR GROUP; Hoosier Hill Farm; Associated British Foods plc; Norevo; Specialty Products and Technology, Inc.; Spice Alliance, LLC; SWEET HARVEST FOODS; and ADM.
Report Spotlights
- Progressive industry trends in the dried honey market to help companies develop effective long-term strategies
- Business growth strategies adopted by the dried honey market players in developed and developing countries
- Quantitative analysis of the dried honey market from 2019 to 2028
- Estimation of global demand for dried honey
- Porter's five forces analysis to illustrate the efficacy of buyers and suppliers operating in the dried honey market
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors governing the growth of the dried honey market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the dried honey market size at various nodes
- Detailed overview and segmentation of the market, as well as the dried honey industry dynamics
- Size of the dried honey market in various regions with promising growth opportunities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, Category,, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global dried honey market are Best Ground International ASR Group, Hoosier Hill Farm, Associated British Foods Plc., Specialty Products and Technology Inc., Spice Jungle, SWEET HARVEST FOODS, THE ARCHER DANIELS MIDLAND COMPANY, Hangzhou Youither Bioscience Co. Ltd., Norevo GmbH among many others.
Dried honey is one of the most popular natural ingredients used in various skincare and personal care products. Honey is becoming an integral part of skincare regimes as it has anti-inflammatory properties, which help treat active acne. Moreover, it is used in lip balms and lip care products, as it helps heal chapped lips and hydrates them. The surging demand for dried honey from the personal care industry is expected to create lucrative opportunities for dried honey market in the coming years.
Based on Category, the conventional segment accounted for the largest revenue share as the product is available at a cheaper cost compared to organic dried honey. Local food manufacturers use conventional dried honey due to its affordability and availability.
Asia-Pacific accounted for the largest share of the global dried honey market. The emerging countries are witnessing an upsurge in industrialization and urbanization activities, offering ample opportunities for the key market players in the dried honey market. The surge in demand for dried honey in the food industry with special emphasis on bakery applications is expected to drive the dried honey market in the region.
Dried honey is widely used in personal care products, such as moisturizers, scrubs, and anti-aging creams, owing to its soothing and anti-inflammatory properties. Honey powder is high in vitamins B and C and minerals such as calcium, iron, zinc, potassium, phosphorus, magnesium, and selenium. Honey powder is a natural antibacterial and antibiotic that loosens undesirable debris and dead skin cells, allowing them to rinse away. It contains antibacterial and anti-inflammatory qualities that help protect the skin from acne and future breakouts. Due to these properties, manufacturers of personal care products frequently employ dried honey in their products.
Rising preference for dried honey as natural sweeteners in food products and beverages, increasing awareness of benefits of dried honey across end use industries are some of the key driving factors for the growth of global dried honey market.
The List of Companies - Dried Honey Market
- Best Ground International
- ASR Group
- Hoosier Hill Farm
- Associated British Foods Plc.
- Specialty Products and Technology, Inc
- Spice Jungle
- SWEET HARVEST FOODS
- THE ARCHER DANIELS MIDLAND COMPANY
- Hangzhou Youither Bioscience Co. Ltd.
- Norevo GmbH
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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- Data Triangulation and Final Review:
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