Dry Honey Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Dry Honey Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Dry Honey Market – Overview
One of the key reasons behind the growing popularity of dry honey among the masses is due to their health benefits. Dry honey is rich in anti-oxidants, has vital elements such as fructose and glucose, and is antimicrobial in nature. Dry honey also provides abundance of vital minerals such magnesium, sodium chloride, potassium, calcium, phosphate, and iron among others. It offers a soothing effect and aids in healing burns and wounds. In addition to this, dry honey allows in controlling the blood pressure of the body, helps in reducing the LDL cholesterol levels and enhancing the HDL cholesterol levels, and treating cough among small children.
Global Dry Honey Market – Notable Developments
Some of the recent notable development in the global dry honey market are given below:
- In May 2016, Associated British Foods Plc. announced that the company has successfully acquired the complete ownership of Illovo Sugar Limited. This acquisition is expected to help in bolstering the product portfolio of Associated British Foods Plc. and also extend its reach in the region of South Africa.
- In October 2019, VMG Partners announced that the company has launched a newly branded snacking platform, Velocity Snack Brands. The platform will incubate, acquire, and develop a portfolio of leading manufacturers in food brands including dry honey producers.
Global Dry Honey Market – Drivers and Restraints
One of the key trends that has been influencing the global dry honey market is of the advancements in detecting the adulteration of honey. The overall demand for dry honey is on the rise due to its long lasting shelf life. Moreover, the demand is also high because dry honey has nutritional value similar to that of raw honey. This have thus been some of the key driving factors for the high adoption of dry honey market. Another important factor for the growth of the market is the growing focus on development of techniques and methods to determine the parameters of honey adulteration. This strict parameters are expected to help in ensuring that products such as dry honey will have the same nutritional value as that of dehydrated raw honey. This is expected to further fuel the development of the global dry honey market in the years come.
There are several important benefits of using dry honey. Moreover, the use of dry honey in end-use application industries such as personal care products and cosmetics. Developments in those industries and subsequent booming demand for the products will thus help in driving the demand for the dry honey market.
Global Dry Honey Market – Geographical Outlook
In terms of regional segmentation, there are five key regions of the global dry honey market. These regions are Latin America, Middle East and Africa, North America, Europe, and Asia Pacific. Of these, currently, the global dry honey market has been dominated by the North America region. The growth of the region can be primarily attributed to the growing colonization of honey bees resulting in higher amount of raw honey production. Moreover, growing consumption of nutritional and healthy dietary food products that uses dry honey is also helping the market to flourish further.
Asia Pacific region is also expected to exhibit a strong CAGR over the course of the given projection period. The growth of the regional market is expected to be driven by growing demand for dry honey products. Moreover, with the development of strong distribution channels in the region, the market is expected to witness a steady growth in coming years.
Market Segmentation
Product
- Conventional dry honey
- Organic dry honey
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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