The honey powder market share is expected to increase to USD 348.59 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.18%.
This honey powder 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 honey powder market segmentation by application (bakery and confectionery, cosmetics, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The honey powder market report also offers information on several market vendors, including AmTech Ingredients, Archer Daniels Midland Co., ASR GROUP, Associated British Foods plc, Duke Thomsons India Pvt. Ltd., Dutch Gold Honey, Glorybee Inc., Holy Natural, Kanegrade Ltd., Lamex Food Group Ltd., Langnese Honig GmbH and Co. KG, McCormick and Co. Inc., Mevive International Food Ingredients, Nature Nates, Norevo GmbH, Stakich Inc., Venkatesh Natural Extract Pvt. Ltd., Vllow Food Products Pvt. Ltd., and Woodland Foods Ltd. among others.
What will the Honey Powder Market Size be During the Forecast Period?
![Honey Powder Market Size](https://www.technavio.com/image/cpss_20220609022516_abstract_template_infogrpahic_v_3.jpg.webp?v4.1.18)
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Honey Powder Market: Key Drivers, Trends, and Challenges
The health benefits of consuming honey powder is notably driving the honey powder market growth, although factors such as declining number of honey bee colonies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the honey powder industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Honey Powder Market Driver
One of the key factors driving the global honey powder market growth is the health benefits of consuming honey powder. Some of the health benefits of consuming honey powder are as follows:
- Controls blood pressure and heart diseases
- Helps in reducing low-density lipoprotein (LDL) cholesterol and improves high-density lipoprotein (HDL) cholesterol levels
- Promotes healing of wounds and burns Helps in suppressing cough in children
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 honey powder in their end products to fulfill the demand for organic products. Such factors will drive the market growth during the forecast period.
Key Honey Powder Market Trend
Growing preference for online shopping, as it offers a wide range of honey powder brands and products, is one of the key honey powder market trends that is expected to impact the industry positively in the forecast period. Third-party marketplaces offer online shopping portals that allow consumers to compare and collect information about honey powder products and provide valuable feedback on product performance. Online distribution channels include company portals, pure-play e-retailers, and other online retailers. eBay Inc. (eBay) and Amazon.com Inc. (Amazon) are some of the major online retailers of honey powder products. Several vendors have started selling their products through their web portals to provide convenience to customers. Such factors will further support the concerned market growth in the coming years.
Key Honey Powder Market Challenge
One of the key challenges to the global honey powder market growth is the declining number of honey bee colonies owing to factors such as natural disasters and the impact of changing weather conditions triggered by climate change. The number of honey bee colonies has declined significantly across Portugal, Italy, Northern Ireland, and the UK. The loss of honey bee colonies can lead to limited production of bee-based products, such as honey, especially in countries across Europe, as certain weather patterns such as extremely cold and extremely hot weather have an adverse impact on bee colonies. In addition, the exposure to cold weather during transport, particularly among weak honey bee colonies further leads to their decline. In the US, as per the ARS, when weak honey bee colonies face cold temperatures, beekeepers can suffer losses in terms of the entire colonies during and after long-distance hauling. Such factors may limit the growth of the market during the forecast period.
This honey powder 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 honey powder 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 honey powder market during the forecast period.
Who are the Major Honey Powder 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
- Duke Thomsons India Pvt. Ltd.
- Dutch Gold Honey
- Glorybee Inc.
- Holy Natural
- Kanegrade Ltd.
- Lamex Food Group Ltd.
- Langnese Honig GmbH and Co. KG
- McCormick and Co. Inc.
- Mevive International Food Ingredients
- Nature Nates
- Norevo GmbH
- Stakich Inc.
- Venkatesh Natural Extract Pvt. Ltd.
- Vllow Food Products Pvt. Ltd.
- Woodland Foods Ltd.
This statistical study of the honey powder market encompasses successful business strategies deployed by the key vendors. The honey powder market is fragmented and the vendors are deploying growth strategies such as distinguishing their product offerings through clear and unique value propositions to compete in the market.
Product Insights and News
- AmTech Ingredients - The company offers conventional, identity preserved, non-GMO project verified, and organic honey powder.
- Archer Daniels Midland Co. - The company offers honey powder which is to be used in baked goods and cereals, seasonings, flavors, and meat products.
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 honey powder 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.
Honey Powder Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the honey powder 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 Honey Powder Market?
![Honey Powder Market Market segmentation by region](https://www.technavio.com/image/cpss_20220609022517_abstract_template_geographic_v1.jpg.webp?v4.1.18)
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48% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for honey powder in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.
The increasing honey beekeeping activities, which are leading to a rise in the number of honey bee colonies will facilitate the honey powder 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 honey powder market in 2020. The US accounts for the highest number of COVID-19 cases in North America. The outbreak of the pandemic and the rapid increase in the number of cases adversely affected the growth of the food and beverages industry in 2020 due to disruptions in supply and distribution chains following the implementation of lockdown restrictions. However, the regional market started to recover and recoup owing to the lifting of lockdown restrictions and the resumption of business activities by the vendors operating in the regional market in 2021. Moreover, people prefer organic and immunity-boosting products such as honey powder as a substitute for artificial sweeteners. Hence, the honey powder market is expected to grow in North America during the forecast period.
What are the Revenue-generating Application Segments in the Honey Powder Market?
![Honey Powder Market Segmentation](https://www.technavio.com/image/cpss_20220609022518_abstract_template_market_share_v1.jpg.webp?v4.1.18)
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The honey powder market share growth by the bakery and confectionery products segment will be significant during the forecast period. The increasing use of honey powder as a natural sweetener as well as growing consumer inclination for organic and natural products are expected to boost the demand for honey powder from manufacturers of bakery and confectionery products in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the honey powder market size and actionable market insights on post COVID-19 impact on each segment.
Honey Powder Market Scope
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Report Coverage
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Details
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Page number
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120
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Base year
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2021
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Forecast period
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2022-2026
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Growth momentum & CAGR
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Accelerate at a CAGR of 5.18%
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Market growth 2022-2026
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USD 348.59 million
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Market structure
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Fragmented
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YoY growth (%)
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4.58
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Regional analysis
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North America, APAC, Europe, Middle East and Africa, and South America
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Performing market contribution
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North America at 48%
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Key consumer countries
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US, Canada, Turkey, China, and India
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Competitive landscape
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Leading companies, Competitive strategies, Consumer engagement scope
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Key companies profiled
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AmTech Ingredients, Archer Daniels Midland Co., ASR GROUP, Associated British Foods plc, Duke Thomsons India Pvt. Ltd., Dutch Gold Honey, Glorybee Inc., Holy Natural, Kanegrade Ltd., Lamex Food Group Ltd., Langnese Honig GmbH and Co. KG, McCormick and Co. Inc., Mevive International Food Ingredients, Nature Nates, Norevo GmbH, Stakich Inc., Venkatesh Natural Extract Pvt. Ltd., Vllow Food Products Pvt. Ltd., and Woodland Foods Ltd.
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Market dynamics
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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
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Customization purview
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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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Request for a FREE sample
What are the Key Data Covered in this Honey Powder Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive honey powder market growth during the next five years
- Precise estimation of the honey powder market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the honey powder industry across North America, APAC, Europe, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of honey powder market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Bakery and confectionery - Market size and forecast 2021-2026
- Exhibit 28: Chart on Bakery and confectionery - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Bakery and confectionery - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Bakery and confectionery - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Bakery and confectionery - Year-over-year growth 2021-2026 (%)
- 5.4 Cosmetics - Market size and forecast 2021-2026
- Exhibit 32: Chart on Cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Cosmetics - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Cosmetics - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Cosmetics - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 Turkey - Market size and forecast 2021-2026
- Exhibit 82: Chart on Turkey - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Turkey - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Turkey - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Turkey - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 AmTech Ingredients
- Exhibit 93: AmTech Ingredients - Overview
- Exhibit 94: AmTech Ingredients - Product / Service
- Exhibit 95: AmTech Ingredients - Key offerings
- 10.4 Archer Daniels Midland Co.
- Exhibit 96: Archer Daniels Midland Co. - Overview
- Exhibit 97: Archer Daniels Midland Co. - Business segments
- Exhibit 98: Archer Daniels Midland Co. - Key offerings
- Exhibit 99: Archer Daniels Midland Co. - Segment focus
- 10.5 ASR GROUP
- Exhibit 100: ASR GROUP - Overview
- Exhibit 101: ASR GROUP - Product / Service
- Exhibit 102: ASR GROUP - Key offerings
- 10.6 Associated British Foods plc
- Exhibit 103: Associated British Foods plc - Overview
- Exhibit 104: Associated British Foods plc - Business segments
- Exhibit 105: Associated British Foods plc - Key offerings
- Exhibit 106: Associated British Foods plc - Segment focus
- 10.7 Duke Thomsons India Pvt. Ltd.
- Exhibit 107: Duke Thomsons India Pvt. Ltd. - Overview
- Exhibit 108: Duke Thomsons India Pvt. Ltd. - Product / Service
- Exhibit 109: Duke Thomsons India Pvt. Ltd. - Key offerings
- 10.8 Dutch Gold Honey
- Exhibit 110: Dutch Gold Honey - Overview
- Exhibit 111: Dutch Gold Honey - Product / Service
- Exhibit 112: Dutch Gold Honey - Key offerings
- 10.9 Lamex Food Group Ltd.
- Exhibit 113: Lamex Food Group Ltd. - Overview
- Exhibit 114: Lamex Food Group Ltd. - Product / Service
- Exhibit 115: Lamex Food Group Ltd. - Key offerings
- 10.10 McCormick and Co. Inc.
- Exhibit 116: McCormick and Co. Inc. - Overview
- Exhibit 117: McCormick and Co. Inc. - Business segments
- Exhibit 118: McCormick and Co. Inc. - Key offerings
- Exhibit 119: McCormick and Co. Inc. - Segment focus
- 10.11 Nature Nates
- Exhibit 120: Nature Nates - Overview
- Exhibit 121: Nature Nates - Product / Service
- Exhibit 122: Nature Nates - Key offerings
- 10.12 Woodland Foods Ltd.
- Exhibit 123: Woodland Foods Ltd. - Overview
- Exhibit 124: Woodland Foods Ltd. - Business segments
- Exhibit 125: Woodland Foods Ltd. - Key offerings
- Exhibit 126: Woodland Foods Ltd. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources
- 11.5 List of abbreviations
- Exhibit 133: List of abbreviations
- food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.