The dried honey market in North America is expected to grow from US$ 152.16 million in 2021 to US$ 261.47 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
Table sugar or refined sugar is the most widely used sweetener in food and beverages. However, the rising health risks associated with refined sugar consumption, such as obesity, heart disease, and diabetes, are reducing its popularity. Obesity is associated with numerous health problems, including cardiovascular diseases such as heart disease and stroke. Obesity also leads to diabetes, one of the most common health problems in adults and children. An imbalance between the number of calories consumed and burned due to the high intake of energy-dense food products having high sugar and calorie content, and decreased physical activity is the major cause of obesity. As a result, people are increasingly replacing high-sugar food and beverages with food products containing natural sweeteners. They are similar to sugar in taste but have a substantially low calorific content. Dried honey is being widely used as a natural sweetener and flavoring agent in various food products, including bakery products, confectionery, ice creams and desserts, dairy products, sauces and dressings, cereals, and snacks. Moreover, it is also used in beverages such as tea, coffee, smoothies, and fruit juices as it easily dissolves in both hot and cold liquids, and has no aftertaste. Thus, the rising preference for dried honey as a natural sweetener in various food products and beverages drives the dried honey market in North America.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America dried honey market at a good CAGR during the forecast period.
North America Dried Honey Market Revenue and Forecast to 2028 (US$ Million)
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North America Dried Honey Market Segmentation
The North America dried honey market is segmented on the basis of form, category, application, and country. Based on form, the market is segmented into powder and granules. The powder segment dominated the market in 2020, and it is expected to register a higher CAGR in the market during the forecast period. Based on category, the North America dried honey market is segmented into organic and conventional. The conventional segment dominated the market in 2020; however, the organic segment is register a higher CAGR in the market during the forecast period. Based on application, the North America dried honey market is segmented into food and beverages, personal care, and pharmaceuticals and nutraceuticals. The food and beverages segment dominated the market in 2020; however, the North America dried honey market for the pharmaceuticals and nutraceuticals segment is expected to grow at the fastest CAGR during the forecast period. The pharmaceuticals and nutraceuticals segment is further segmented as lozenges, gummies, and others. Based on country, North America dried honey market is classified into the US, Canada, and Mexico.
ASR Group; Associated British Foods Plc.; Best Ground International; Dorilton Capital; Hoosier Hill Farm; Norevo GmbH; Specialty Products and Technology, Inc; Spice Jungle; Sweet Harvest Foods; and The Archer Daniels Midland Company are among the leading companies in the North America dried honey market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. North America Dried Honey Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. North America Dried Honey Market — Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Preference for Dried Honey as Natural Sweeteners in Food Products and Beverages
5.1.2 Increasing Awareness of Benefits of Dried Honey Across End-Use Industries
5.2 Market Restraints
5.2.1 Availability of Other Natural Sweeteners
5.3 Market Opportunities
5.3.1 Surging Demand for Dried Honey in Personal Care Industry
5.4 Future Trends
5.4.1 Growing Preference for Organic and All-Natural Food Products
5.5 Impact Analysis of Drivers and Restraints
6. Dried Honey Market –North America Analysis
6.1 North America Dried Honey Market Overview
6.2 North America Dried Honey Market – Revenue and Forecast to 2028
7. North America Dried Honey Market Analysis – By Form
7.1 Overview
7.2 North America Dried Honey Market Breakdown, By Form, 2020 & 2028
7.3 Powder
7.3.1 Overview
7.3.2 Powder Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
7.4 Granules
7.4.1 Overview
7.4.2 Granules Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
8. North America Dried Honey Market Analysis – By Category
8.1 Overview
8.2 North America Dried Honey Market Breakdown, By Category, 2020 & 2028
8.3 Organic
8.3.1 Overview
8.3.2 Organic Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
9. North America Dried Honey Market Analysis – By Application
9.1 Overview
9.2 North America Dried Honey Market Breakdown, By Application, 2020 & 2028
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages Market Revenue Forecasts To 2028 (US$ Million)
9.4 Personal Care
9.4.1 Overview
9.4.2 Personal Care Market Revenue Forecasts To 2028 (US$ Million)
9.5 Pharmaceuticals and Nutraceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals and Nutraceuticals Market Revenue Forecasts To 2028 (US$ Million)
9.5.2.1 Lozenges
9.5.2.2 Lozenges Market Revenue Forecasts To 2028 (US$ Million)
9.5.2.3 Gummies
9.5.2.4 Gummies Market Revenue Forecasts To 2028 (US$ Million)
9.5.2.5 Others
9.5.2.6 Others Market Revenue Forecasts To 2028 (US$ Million)
10. North America Dried Honey Market – Country Analysis
10.1 Overview
10.1.1 North America: Dried Honey Market, by Key Country
10.1.1.1 US: Dried Honey Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Dried Honey Market, by Category
10.1.1.1.2 US: Dried Honey Market, by Form
10.1.1.1.3 US: Dried Honey Market, by Application
10.1.1.2 Canada: Dried Honey Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Dried Honey Market, by Category
10.1.1.2.2 Canada: Dried Honey Market, by Form
10.1.1.2.3 Canada: Dried Honey Market, by Application
10.1.1.3 Mexico: Dried Honey Market –Analysis and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Dried Honey Market, by Category
10.1.1.3.2 Mexico: Dried Honey Market, by Form
10.1.1.3.3 Mexico: Dried Honey Market, by Application
11. Company Profiles
11.1 Best Ground International
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ASR Group
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Hoosier Hill Farm
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Associated British Foods Plc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Norevo GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Specialty Products and Technology, Inc
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Spice Jungle
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Sweet Harvest Foods, Inc.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 The Archer Daniels Midland Company
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Dorilton Capital
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Dried Honey Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Dried Honey Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Dried Honey Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Dried Honey Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Dried Honey Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Dried Honey Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada Dried Honey Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Dried Honey Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico Dried Honey Market, by Form– Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Dried Honey Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 11. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Dried Honey Market Segmentation
Figure 2. North America Dried Honey Market Segmentation – By Country
Figure 3. North America Dried Honey Market Overview
Figure 4. North America Dried Honey Market, By Category
Figure 5. North America Dried Honey Market, By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. North America Dried Honey Market Impact Analysis of Drivers and Restraints
Figure 9. North America: Dried Honey Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. North America Dried Honey Market Breakdown by Form, 2020 & 2028 (%)
Figure 11. North America Powder Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
Figure 12. North America Granules Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
Figure 13. North America Dried Honey Market Breakdown by Category, 2020 & 2028 (%)
Figure 14. North America Organic Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
Figure 15. North America Conventional Dried Honey Market Revenue Forecasts To 2028 (US$ Million)
Figure 16. North America Dried Honey Market Breakdown by Application, 2020 & 2028 (%)
Figure 17. North America Food and Beverages Market Revenue Forecasts To 2028 (US$ Million)
Figure 18. North America Personal Care Market Revenue Forecasts To 2028 (US$ Million)
Figure 19. North America Pharmaceuticals and Nutraceuticals Market Revenue Forecasts To 2028 (US$ Million)
Figure 20. North America Lozenges Market Revenue Forecasts To 2028 (US$ Million)
Figure 21. North America Gummies Market Revenue Forecasts To 2028 (US$ Million)
Figure 22. North America Others Market Revenue Forecasts To 2028 (US$ Million)
Figure 23. North America: Dried Honey Market, by Key Country – Revenue (2020) (US$ Million)
Figure 24. North America: Dried Honey Market Revenue Share, by Key Country (2020 and 2028)
Figure 25. US: Dried Honey Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Canada: Dried Honey Market –Revenue and Forecast to 2028 (US$ Million)
Figure 27. Mexico: Dried Honey Market –Revenue and Forecast to 2028 (US$ Million)
- ASR Group
- Associated British Foods Plc.
- Best Ground International
- Dorilton Capital
- Hoosier Hill Farm
- Norevo GmbH
- Specialty Products and Technology, Inc
- Spice Jungle
- Sweet Harvest Foods
- The Archer Daniels Midland Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 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.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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