Dry Honey Market by Product and Geography - Forecast and Analysis 2022-2026

The dry honey market share is expected to increase by USD 289 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.1%.

This dry honey market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dry honey market segmentation by product (conventional dry honey and organic dry honey) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The dry honey market report also offers information on several market vendors, including AmTech Ingredients, Archer Daniels Midland Co., ASR GROUP, Associated British Foods plc, Delee Foods Group Co. Ltd., Fresh Essentials organics., Holy Natural, Island Abbey Foods Ltd., Melland Ecogreen Technology Co. Ltd, Norevo GmbH, SoulBee Ltd., The Blue Chip Group Inc., and Woodland Foods Ltd. among others.

What will the Dry Honey Market Size be During the Forecast Period?

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Dry Honey Market: Key Drivers, Trends, and Challenges

The health benefits of consuming dry honey is notably driving the dry honey market growth, although factors such as the declining number of honey bee colonies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dry honey industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Dry Honey Market Driver

The health benefits of consuming dry honey is one of the key drivers supporting the dry honey market growth. For instance, Melland Ecogreen Technology Co. Ltd. (Melland Ecogreen Technology) offers premium cosmetic grade honey powder for the personal care industry, which is produced from USDA-certified organic honey. The company offers this product as an organic ingredient to manufacture products such as lotions, soaps, salves, scrubs, and facial masks. Consumers are more inclined toward organic products as they want to limit the consumption of chemically-processed products. Hence, several vendors operating in the cosmetic and personal care industry prefer to use honey products such as dry honey in their end-products to fulfill the demand for organic products. Therefore, the associated health benefits of dry honey are expected to propel the growth of the global honey powder market during the forecast period.

Key Dry Honey Market Trend

Restoration of natural bee habitats is one of the key trends contributing to the dry honey market growth. Planting wildflowers is crucial for bee habitat restoration. In February 2017, it was announced that as a part of the Feed a Bee initiative by Bayer, funding for the establishment of forage for bees would be provided till 2019-end. In March 2019, Feed a Bee announced that it had reached its funding goal of diverse forage for honey bees and other pollinators in 50 states of the US.
The Feed a Bee initiative focuses on planting wildflowers in the US to increase the forage area for honey bees. Other initiatives undertaken for restoring bee habitats include Pollinator Strategy, effective until 2027, by the Scottish Government and the Coalition of the Williong on Pollinators in the EU. Such initiatives undertaken to restore bee habitats will drive the market in focus during the forecast period.

Key Dry Honey Market Challenge

The declining number of honey bee colonies is one of the factors hindering the dry honey market growth. Globally, the number of honey bee colonies is declining at a considerable rate. This is due to factors such as natural disasters and the impact of weather conditions. The number of honey bee colonies declined significantly in Portugal, Italy, Northern Ireland, and the UK too. Likewise, Israel, Belarus, and Serbia also registered a considerable decline in the number of honey bee colonies during the same period. Beekeepers that kept their bees in the same location lost more honey bee colonies than those that moved their honey bee colonies during hunting season. The loss of honey bee colonies can limit the production of bee products, such as honey, in countries, especially in Europe due to specific weather patterns affecting the colonies. This decline in the production of honey can significantly impact the production of honey products such as dry honey during the forecast period.

This dry honey market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global dry honey market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the dry honey market during the forecast period.

Who are the Major Dry Honey Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AmTech Ingredients
• Archer Daniels Midland Co.
• ASR GROUP
• Associated British Foods plc
• Delee Foods Group Co. Ltd.
• Fresh Essentials organics.
• Holy Natural
• Island Abbey Foods Ltd.
• Melland Ecogreen Technology Co. Ltd
• Norevo GmbH
• SoulBee Ltd.
• The Blue Chip Group Inc.
• Woodland Foods Ltd.

 

This statistical study of the dry honey market encompasses successful business strategies deployed by the key vendors. The dry honey market is concentrated and the vendors are deploying growth strategies such as quality to compete in the market.

Product Insights and News

• Archer Daniels Midland Co. - Ag services and oilseeds segment includes global activities related to the origination, merchandising, transportation, and storage of agricultural raw materials, and the crushing and further processing of oilseeds such as soybeans and soft seeds into vegetable oils and protein meals.
• Archer Daniels Midland Co. -  The company offers dry honey products that includes dry molasse, dextrose, fruit-based sweeteners, maltitol, polyols, traditional wet and dry sweeteners and many more, under the brand name of Archer Daniels Midland Co. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The dry honey market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Dry Honey Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the dry honey market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Dry Honey Market?

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45% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for dry honey market in North America. Market growth in this region will be faster than the growth of the market in Middle East and Africa.

The rise in the consumption of dietary and nutritional food products will facilitate the dry honey market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID 19 pandemic had a negative impact on the dry honey market. However, as the economies are planning to revive their operations, the demand for manuka honey is expected to increase. Moreover, people prefer organic and immunity-boosting products to substitute artificial sweeteners. Hence, the dry honey market is expected to grow during the forecast period

What are the Revenue-generating Product Segments in the Dry Honey Market?

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The dry honey market share growth by the conventional dry honey segment will be significant during the forecast period. The low price of conventional dry honey, when compared with organic dry honey, is one of the major factors that will support the growth of the segment during the forecast period. The demand for conventional it is expected to increase during the forecast period due to the rising awareness among consumers about various health benefits of conventional dry honey. It is rich in antioxidants and is a great source of various vitamins and minerals. Several applications of conventional dry honey, such as an essential ingredient in the food and beverage industry and the personal care industry, will also propel the growth of the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the dry honey market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

Organic Honey market - Market share is expected to increase by USD 532.95 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.1%.

Dry Honey Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.1%
Market growth 2022-2026	$ 289 million
Market structure	Concentrated
YoY growth (%)	3.62
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 45%
Key consumer countries	US, Canada, UK, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AmTech Ingredients, Archer Daniels Midland Co., ASR GROUP, Associated British Foods plc, Delee Foods Group Co. Ltd., Fresh Essentials organics., Holy Natural, Island Abbey Foods Ltd., Melland Ecogreen Technology Co. Ltd, Norevo GmbH, SoulBee Ltd., The Blue Chip Group Inc., and Woodland Foods Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Dry Honey Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive dry honey market growth during the next five years
• Precise estimation of the dry honey market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the dry honey industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of dry honey market vendors

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