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Dry Honey Product Market Segmented By product form such as Powder, Lozenges, Candy and Granules with the source such as Artificial, Natural and Organic
Dry honey is a dehydrated honey especially used as a sugar alternative. It is a healthier option for the baked goods. It is also known as a honey powder or honey crystals. Honey is used for long term application as it also a preservative for the food products. The global dry honey product market is expected to grow at a significant growth rate, attributed to rapid growth of food & beverages industry and personal care & cosmetic industry across the globe over the forecast period.
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Advantages of dry honey product over liquid honey including high shelf life, convenient storage, and transport, high, etc. Growing food and beverages industry and personal care & cosmetic industry are expected to fuel the global dry honey product market over the forecast period. Moreover, the reasonable cost of dry honey product compared to other sugar containing product is expected to bolster its growth in developing economies such as the Middle East and Africa and Asia Pacific.
Merger & acquisition among the end-user including bakery manufacturers, confectionary manufacturers, and other food producers and ancient & specialty grain flour suppliers are the trending factors in global ancient & specialty grain flour market over the forecast period.
Manufacturing players of dry honey product products can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to increasing demand for healthy food products in the regions. Global dry honey product marketers are focusing on strengthening its supply chain and focusing on high priority market.
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On the basis of geography, the global dry honey product market is fragmented into seven regions namely, North America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Latin America, the Middle East & Africa and Japan.
The North America dry honey product market is expected to dominate the global dry honey product market in terms of revenue share over the forecast period followed by Western Europe dry honey product market, owing to increasing demand for the dry honey over the liquid in end-use industries.
Whereas, Asia-Pacific is expected to expand at a relatively significant growth rate in the global dry honey product market over the forecast period, attributed to the rapid growth rate of food & beverages industry and personal care & cosmetic industry.
The Middle East & Africa, Eastern Europe, and Latin America are expected to represent a moderate opportunity in the global dry honey product market, owing to the moderate economic, agricultural and industrial development in the region. Overall, the outlook for the global dry honey product market is positive over the forecast period.
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Some of the players identified in the global dry honey product market include Augason Farms, Archer Daniels Midland Company, The Good Scents Company, Maple Leaf Garden Food Co., Ltd., Natural Sourcing LLC, Wuhu Deli Foods Co., Ltd., and Island Abbey Foods Ltd.
