What is Honey Powders?
Honey powder is a powdered form of honey, which is widely used as flavoring or sweeteners. This type of honey is used in the production of cakes, pastries, and other sweet edibles. It also improves the crunchiness of meals, providing various health benefits. The honey powder is used in various food products, cosmetics products, and personal care products because of its skin benefits.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Archer Daniels Midland Company (United States), Lamex Food Group Limited (United Kingdom), Augason Farms (United States), Norevo GmbH (Germany), T&L Sugars Limited (United Kingdom), Nestle (Switzerland), B Natural srl (Italy), ASR Group International, Inc. (United States), AmTech Ingredients (United States) and Harvest Food (United States) |
CAGR | 5.38% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Granulated Honey and Powdered Honey) , by application (Cakes, Biscuits, Dessert, Dairy Products, Beauty Products and Others) and major geographies. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Honey Powders market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Honey Powders market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Archer Daniels Midland Company (United States), Lamex Food Group Limited (United Kingdom), Augason Farms (United States), Norevo GmbH (Germany), T&L Sugars Limited (United Kingdom), Nestle (Switzerland), B Natural srl (Italy), ASR Group International, Inc. (United States), AmTech Ingredients (United States) and Harvest Food (United States).
Market Overview:
In August 2023, company Belize Sugar Industries’ (BSI) operations achieved recertification with no non-conformities. Every year, an independent auditor carries out the external audit, against the most updated version of the ProTerra Standard. For a company to be ProTerra certified, it must comply with 80% of all indicators, including all core indicators
“As per U.S. Department of Health and Human Services, Food and Drug Administration Centre for Food Safety and Applied Nutrition proper labelling on the honey product should be followed. Labelling makes any direct or indirect representations with respect to the primary recognizable flavour other than through the statement of ingredients, the product is considered to have a characterizing flavour and must be labelled in accordance with 21 CFR 101.22."
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the food and beverage industry as well the grocery sector. It has wide application in various industry verticals. Several companies such as E-bay, Amazon, Flipkart, and Walmart are operating in the market to provide customers with various features & unique offering products, services, and prices. The market is a highly fragmented market with the presence of several market players and local players. The demand for the market is huge which has wide consumption from the various end-user that is triggering the market growth over the forecast period
Influencing Trend:
Surging Application of Honey Powder in the Personal Care Industry
Market Growth Drivers:
Easy Availability of Honey and Other Raw Materials, Rising Demand from the Bakery Products and Rising Adoption of Low-Calorie Food
Challenges:
Presence of Alternative Such as Stevia, Maple Syrups Affect the Honey Powder Market and Adulteration will Hamper Honey Powder Market
Restraints:
Less Labor Availability for the Harvesting Can Hamper the Honey Powder Market
Opportunities:
Growing Demand for Organic Ingredients in the Food and Beverage Industry and Easy Online Availability Of Honey Powder Will Boost The Market
Key highlights of the Global Honey Powders market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the Honey Powders market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Honey Powders market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Honey Powders Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Honey Powders market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Honey Powders market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Honey powder Manufacturers, Honey powder Distributors and Suppliers, Honey powder International Traders, Research and Development Institutes, Financial Institutes and Investors, Regulatory Bodies, Downstream and Upstream Buyers and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.