Acknowledging the kind of traction gained by this market, industrydataanalytics recently published a study report asserts the global Honey Powder Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.15% during the review period (2022 to 2027).
Honey Powder Market Overview:
Honey powder is just a powder form of liquid honey that can be used as a sweetener. It's easier to keep the powder than it is to keep liquid honey in good condition. When preparing cakes, pastries, and other sweet edibles, the powder form of honey is preferable. It's always a better choice than sticky liquid honey or sugar-free powders, whose legitimacy is still in doubt. The honey powder has a unique feature in that, if properly stored, it has a long shelf life. The global honey powder market is expected to develop steadily over the next ten years, thanks to a number of variables and trends that are expected to boost the market's performance. Crystalline honey is a good option to liquid honey since it's easier to work with and has better storage stability. To make the powder free-flowing, it is mixed with maltodextrin as a carrier. Furthermore, crystal honey is free of artificial food colors, anti-sticking agents, and other additives. It is a clear, free-flowing powder with a delicate light yellow crystal structure.
Recent Development:
Barentz International Acquires Stake in AmTech Ingredients
03 Nov 2015 --- Barentz International and US based AmTech Ingredients LLC have announced their strategic cooperation for the production and distribution of specialty ingredients across the United States of America.
Headquartered close to Minneapolis, in Hudson, Wisconsin, AmTech Ingredients is a leading producer and supplier of powdered specialty food ingredients. With its range of powdered sweeteners, vinegars, condiments, nutritional and shortening ingredients
What are the major Applications, Types, and Regions of the Honey Powder Market?
By Type, it is segmented into
Blended Honey Powders
Monofloral Honey Powders
Other
By Applications, it is segmented into
Cakes and Pastries Segments
Baby Foods
Skin Care Products
Medicine Sugar Coatings
Others
Honey Powder Market Regional Analysis
North America and Europe are two of the industry's most important regions. Increased illness rates are driving regional markets, as is an increase in daily calorie consumption per person. Honey powder demand has increased significantly in markets such as North America, as more consumers choose to low-calorie alternatives for their regular meals. In terms of revenue, North America accounted for more than 56 percent of the market in 2018. Honey is displacing conventional sweeteners such as sugar and other sweeteners as consumers become more aware of its low-calorie properties. Because it is a natural sweetener and is affordable, it can be used as a substitute for white sugar.
Honey powder is also a non-sticky substitute for liquid honey, making it perfect for long-term storage. These variables are influencing product demand in the region. The industry's key regions include North America and Europe. The growth in illnesses, combined with an increase in daily calorie consumption per person, is driving regional markets. Honey powder demand has increased significantly in markets such as North America, as more consumers opt for low-calorie alternatives in their everyday meals.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Honey Powder market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Honey Powder market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Honey Powder positively.
Honey Powder Market Report Scope:
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 5.0% during the review period (2022 to 2027).
By Type
Blended Honey Powders
Monofloral Honey Powders
Other
By Application
Cakes and Pastries Segments
Baby Foods
Skin Care Products
Medicine Sugar Coatings
Others
By Companies
Akzonobel, PPG Industrial Coatings, The Sherwin-Williams Company (NYSE :SHW),DuPont de Nemours, Inc. (NYSE :DD), BASF
Regions Covered
• North America
• Europe
• Asia-Pacific
• Rest of the World
Countries Covered
• US
• Canada
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
110
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Honey Powder Report
Evaluate Honey Powder market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Honey Powder Market is studied from 2017 - 2027.
What are the major end-use applications of Honey Powder Market?
Cakes and Pastries Segments, Baby Foods, Skin Care Products, Medicine Sugar Coatings, Others.
What segments are covered in the Honey Powder Market report?
The Global Honey Powder Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Honey Powder Market?
The sample report for the Honey Powder Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
