According to a new report by Expert Market Research, ‘Global Honey Powder Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the global honey powder market size was valued at USD 1.18 billion in 2018 and is expected to expand at a CAGR of 4.1% during the forecast period.
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Competitive Landscape & Supplier Analysis:
- Archer Daniels Midland Company
- Norevo GmbH
- T&L Sugars Limited
- B Natural srl
- ASR Group International, Inc.
- AmTech Ingredients
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Honey powder which can be used as a sweetener, is just a powder form of liquid honey. The powder is easier to maintain and can preserve well than a liquid honey. The powder form of honey is preferred to be used while making cakes, pastries and other sweet edible items. It is always a better option than a sticky liquid honey and sugar free powders particularly, which credibility is still questionable. An interesting thing about honey powder is, it has long preserving life, if it stored properly. The global honey powder market is projected to show sustained growth during the 10-year period owing to several factors and trends likely to positively impact the performance of the global honey powder market.
Crystalline honey is an alternative to liquid honey as the powder is easy to handle and has improved storage stability. The powder is blended with maltodextrin as a carrier to make it free-flowing. Moreover, crystal honey does not contain any artificial food colors, anti-sticking agents, and other added ingredients. It is a pure and free-flowing powder with a fine crystal structure of light yellow to pale brown color.
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Honey powder helps maintain moisture and improve stability in creams and cakes. This is expected to increase product demand. Moreover, it is a low-calorie food ingredient, which is expected to gain the attention of health-conscious consumers. Honey powder also has various applications in beauty products. Honey in its raw form serves as an excellent face mask. It helps in making the skin soft, smooth, and glowing. Since the powder retains the characteristics of raw honey, it is used in the formulation of various skin and bath products.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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