Global Dried Honey Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Dried Honey Market 2021 (Includes Business Impact of COVID-19)
Global Dried Honey Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights The global dried honey market report has been segmented as per nature, form, end-user, distribution channel, and region
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Global Dried Honey Market: Overview


Dried honey is a type of natural sweetener which helps to improve shelf life of the bakery products such as muffins, pastry, bread, and other sweet edible food items Dried honey is best alternative to liquid honey as it is easy to handle and use In addition, dried honey is pure and its free-flowing powder associated with fine crystal structure, having a light yellow color Some benefits associated with dried honey including inexpensive, longer shelf life than the raw honey, and helps to maintain consistency of the food Furthermore, dried honey is largely used in many applications among several industries including pharmaceuticals, food and beverages, personal care, and cosmetics


Global Dried Honey Market: Dynamics


Growing demand for natural and organic products across the globe and increasing popularity of dried honey in powder and granular form are major factors projected to support growth of the target market In addition, increasing adoption of dried honey in many applications including pastry, muffins, and other sweet edible food products coupled with expanding food and beverage industry across the globe These are other factors expected to rise the global dried honey market growth over the forecast period

Increasing use of dried honey in various beauty products such as soap, scrub, lotions, face mask, and others in cosmetics industry due to many skin benefits associated with it including smooth, soft, improve skin glow, and others This is a key factor projected to boost growth of the global market In addition, rising adoption of dried honey among manufacturers in production of medicines including cough syrups and others due to numerous medicinal properties associated with it, is another factor driving growth of the global market

Moreover, an increasing number of collaborations and mergers between key players and rising focus of major manufacturers to expand their business across the globe are projected to fuel growth of the target market in the next 10 years

However, major factors expected to hamper growth of the global dried honey market includes alteration in flavor and texture and hygroscopic nature of dried honey resulting in certain products stability issues


Global Dried Honey Market: Segment Analysis


Among the end-user segments, the food and beverages segment is projected to register highest growth in the global dried honey market, owing to high adoption of powder and granular form honey among sweet items manufacturers across the globe


Global Dried Honey Market: Region Analysis


North America dried honey market accounted for major share in terms of revenue and is expected to dominate the target market in the future High awareness about the low-calorie property of dried honey and high adoption of organic and natural products in countries such as Canada and the US in the region Market in Asia Pacific is expected to register substantial growth in the global market followed by market in Europe High presence of dried honey exporters and expanding food and beverage and cosmetics industries in countries such as India, China, Germany, Italy, and France in these regions Market in Latin America is estimated to register moderate growth in terms of revenue followed by market in Middle East & Africa during the forecast period

Global Dried Honey Market Segmentation:

Segmentation by Nature:

  
Conventional
  
Organic

Segmentation by Form:

  
Granular
  
Powder

Segmentation by End-user:

  
Food and Beverages
  
Pharmaceuticals
  
Personal Care and Cosmetics

Segmentation by Distribution channel:

  
Hypermarkets/Supermarkets
  
Specialty Stores
  
E-commerce
  
General Grocery Stores


Key Market Players included in the report:


  
Archer Daniels Midland Company
  
Augason Farms
  
Best Ground International
  
Bio Botanica, Inc
  
Domino Specialty Ingredients (ASR Group)
  
Haldin Pacific Semesta
  
Hoosier Hill Farm
  
Island Abbey Foods Ltd
  
Maple Leaf Garden Food Co, Ltd
  
Natural Sourcing LLC
  
Ohly (ABF Ingredients)
  
Specialty Products and Technology Inc
  
Spice Jungle, LLC
  
The Archer Daniels Midland Company
  
The Good Scents Company
  
Wuhu Deli Foods Co, Ltd


Below are the key development related to Dried Honey Market in 2020 and 2021


May 2021: Ireland’s Valeo Foods acquired by US PE firm Bain Capital Kettle Crisps and Jacobs biscuits owner Valeo Foods Group has been acquired by US private-equity firm Bain Capital for an undisclosed sum Kettle Crisps and Jacobs biscuits owner Valeo Foods Group has been acquired by US private-equity firm Bain Capital for an undisclosed sum
Bain, has bought the Ireland-based business, which also counts Rowse honey and Balconi cakes among its brands, from fellow investment firm CapVest Source

April 2021: US honey producer Sweet Harvest Foods taken over by Blue Road Capital US honey and natural sweeteners producer Sweet Harvest Foods has fallen into the hands of a new private-equity owner in the form of New York’s Blue Road Capital Blue Road said it has acquired the Cannon Falls, Minnesota, business for an undisclosed sum from an affiliate of PE firm Peak Rock Capital Sweet Harvest Foods operates three plants spread across Minnesota, California, and Michigan, and serves retailers and foodservice outlets across the US, along with distributors and food manufacturers It supplies spreadable, liquid and powdered forms of honey which are non-GMO, organic and Fair Trade certified As well as branded products, the company also provides a private-label offering Its natural sweeteners include molasses and agave Source

April  2021: Vegan honey start-up MeliBio secures pre-seed funding US start-up MeliBio, a company producing honey without the need for bees, has secured pre-seed funding from a group of investors ahead of its full commercial launch next year Source