Market Overview:
The global dry honey market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for honey across the globe, increasing awareness about the benefits of honey, and growing demand for natural sweeteners. In terms of type, granulated honey is expected to lead the global dry honey market during the forecast period owing to its properties such as long shelf life and ease of use. In terms of application, cakes are expected to account for a major share in the global dry honey market due to their widespread popularity among consumers. Region-wise, North America is projected to lead the global dry honey market duringthe forecast period followed by Europe and Asia Pacific.
Product Definition:
Dry honey is a type of honey that has been heated and then filtered to remove all the water. This gives it a higher sugar content and a longer shelf life. Dry honey is often used in baking or as a sweetener for tea or coffee.
Granulated Honey:
Granulated Honey is a pure form of honey that has been processed to remove water content from it. It is also known as liquid honey, white gold or even clear sugar. Granulated Honey has several advantages over regular honey in terms of storage and transportation. It can be stored at room temperature for months without any loss in quality and during transportation it does not get contaminated by other products since it is already packaged with filter paper attached to the container.
Powdered Honey:
Honey is a natural sweetener and it has many medicinal properties. Honey can be used as an alternative to sugar in many recipes. It helps in lowering the cholesterol level, preventing cancer, and reducing the risk of diabetes among other health benefits. The main ingredient present in honey is glucose which provides energy to the body cells; this property makes honey suitable for use as a food additive and also contributes towards its medicinal uses.
Application Insights:
The cakes, biscuits, and desserts segment accounted for the largest revenue share of over 40% in 2017. Over the past few years, this application segment has been witnessing a rise in demand from countries such as India and China. The growth of bakery industry across these regions is expected to remain a key driver for market expansion over the forecast period. Dry honey plays an important role in cakes decoration as it helps enhance moisture retention properties when combined with egg whites or whipped cream.
Dry honey also finds applications in dairy products such as cheese making where it acts as a natural preservative that enhances flavor and aroma compounds when combined with milk proteins during fermentation process (Rising demand for vegan diet due to increasing population base). Other applications include its use in ice creams, pies fillings & toppings along with various other food products including chocolates and sauces where they act as an important ingredient due to their unique sweetening property (Global dry honey market by application, 2018).
Regional Analysis:
North America dominated the global dry honey market in 2017 with a revenue share of over 35%. The U.S., in particular, is one of the largest consumers owing to its high level of health consciousness and preference for natural ingredients. As per a survey conducted by The North American Honey Council, around 80% to 90% of all consumed honey occurs within the region every year.
Europe accounted for more than 20% market share in terms of revenue as there is no dearth or scarcity regarding availability and supply on account Dry Honey Product Grade & Type Density (g/cm3) Liquid Honey (%) Packaging Size (Liters) Market Share By Region In 2017 Europe Asia Pacific Latin America Africa North America Source: Global Dry Honey Market; GlobalHoneyCouncil.
Growth Factors:
- Increasing demand for natural and organic products: The global market for organic honey is projected to grow at a CAGR of more than 10% from 2016 to 2021. This growth can be attributed to the increasing demand for natural and organic products across the globe.
- Rising awareness about the health benefits of honey: There is a growing awareness among consumers about the health benefits of honey, which is driving its demand worldwide. Honey is known to have antibacterial, antifungal, and antioxidant properties, among others.
- Growing popularity of honey-based products: The popularity of honey-based products is another key driver for the global dry honey market. These include foods such as breads, cereals, muffins, waffles, pancakes; beverages such as tea and coffee; cosmetics such as lip balms and skin care items; and pharmaceuticals such as throat lozenges and cough syrups.
Scope Of The Report
Report Attributes
Report Details
Report Title
Dry Honey Market Research Report
By Type
Granulated Honey, Powdered Honey
By Application
Cakes, Biscuits, Dessert, Dairy Products, Other
By Companies
Cargill Inc., ADM, Nestle, Norevo, Ingredion, Tate & Lyle, Agrana Group, Avebe, Nowamyl, Woodland Foods, Augason Farms
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Dry Honey Market Report Segments:
The global Dry Honey market is segmented on the basis of:
Types
Granulated Honey, Powdered Honey
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cakes, Biscuits, Dessert, Dairy Products, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill Inc.
- ADM
- Nestle
- Norevo
- Ingredion
- Tate & Lyle
- Agrana Group
- Avebe
- Nowamyl
- Woodland Foods
- Augason Farms
Highlights of The Dry Honey Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Granulated Honey
- Powdered Honey
- By Application:
- Cakes
- Biscuits
- Dessert
- Dairy Products
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Dry Honey Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Dry honey is a type of honey that has been dehydrated. It retains most of the nutrients and enzymes found in fresh honey, but it is less sweet and more brittle.
Some of the major players in the dry honey market are Cargill Inc., ADM, Nestle, Norevo, Ingredion, Tate & Lyle, Agrana Group, Avebe, Nowamyl, Woodland Foods, Augason Farms.
The dry honey market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Dry Honey Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Dry Honey Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Dry Honey Market - Supply Chain
4.5. Global Dry Honey Market Forecast
4.5.1. Dry Honey Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Dry Honey Market Size (000 Units) and Y-o-Y Growth
4.5.3. Dry Honey Market Absolute $ Opportunity
5. Global Dry Honey Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Dry Honey Market Size and Volume Forecast by Type
5.3.1. Granulated Honey
5.3.2. Powdered Honey
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Dry Honey Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Dry Honey Market Size and Volume Forecast by Application
6.3.1. Cakes
6.3.2. Biscuits
6.3.3. Dessert
6.3.4. Dairy Products
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Dry Honey Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Dry Honey Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Dry Honey Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Dry Honey Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Dry Honey Demand Share Forecast, 2019-2029
9. North America Dry Honey Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Dry Honey Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Dry Honey Market Size and Volume Forecast by Application
9.4.1. Cakes
9.4.2. Biscuits
9.4.3. Dessert
9.4.4. Dairy Products
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Dry Honey Market Size and Volume Forecast by Type
9.7.1. Granulated Honey
9.7.2. Powdered Honey
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Dry Honey Demand Share Forecast, 2019-2029
10. Latin America Dry Honey Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Dry Honey Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Dry Honey Market Size and Volume Forecast by Application
10.4.1. Cakes
10.4.2. Biscuits
10.4.3. Dessert
10.4.4. Dairy Products
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Dry Honey Market Size and Volume Forecast by Type
10.7.1. Granulated Honey
10.7.2. Powdered Honey
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Dry Honey Demand Share Forecast, 2019-2029
11. Europe Dry Honey Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Dry Honey Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Dry Honey Market Size and Volume Forecast by Application
11.4.1. Cakes
11.4.2. Biscuits
11.4.3. Dessert
11.4.4. Dairy Products
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Dry Honey Market Size and Volume Forecast by Type
11.7.1. Granulated Honey
11.7.2. Powdered Honey
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Dry Honey Demand Share, 2019-2029
12. Asia Pacific Dry Honey Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Dry Honey Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Dry Honey Market Size and Volume Forecast by Application
12.4.1. Cakes
12.4.2. Biscuits
12.4.3. Dessert
12.4.4. Dairy Products
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Dry Honey Market Size and Volume Forecast by Type
12.7.1. Granulated Honey
12.7.2. Powdered Honey
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Dry Honey Demand Share, 2019-2029
13. Middle East & Africa Dry Honey Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Dry Honey Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Dry Honey Market Size and Volume Forecast by Application
13.4.1. Cakes
13.4.2. Biscuits
13.4.3. Dessert
13.4.4. Dairy Products
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Dry Honey Market Size and Volume Forecast by Type
13.7.1. Granulated Honey
13.7.2. Powdered Honey
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Dry Honey Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Dry Honey Market: Market Share Analysis
14.2. Dry Honey Distributors and Customers
14.3. Dry Honey Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cargill Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ADM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nestle
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Norevo
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ingredion
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tate & Lyle
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Agrana Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Avebe
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nowamyl
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Woodland Foods
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Augason Farms
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
