Table sugar or refined sugar is the most widely used sweetener in food and beverages. However, the rising health risks associated with refined sugar consumption, such as obesity, heart disease, and diabetes, are reducing its popularity. Obesity is associated with numerous health problems, including cardiovascular diseases such as heart disease and stroke. Obesity also leads to diabetes, one of the most common health problems in adults and children. An imbalance between the number of calories consumed and burned due to the high intake of energy-dense food products having high sugar and calorie content, and decreased physical activity is the major cause of obesity. As a result, people are increasingly replacing high-sugar food and beverages with food products containing natural sweeteners. They are similar to sugar in taste but have a substantially low calorific content. Dried honey is being widely used as a natural sweetener and flavoring agent in various food products, including bakery products, confectionery, ice creams and desserts, dairy products, sauces and dressings, cereals, and snacks. Moreover, it is also used in beverages such as tea, coffee, smoothies, and fruit juices as it easily dissolves in both hot and cold liquids, and has no aftertaste. Thus, the rising preference for dried honey as a natural sweetener in various food products and beverages drives the dried honey market in North America.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America dried honey market at a good CAGR during the forecast period.
The North America dried honey market is segmented on the basis of form, category, application, and country. Based on form, the market is segmented into powder and granules. The powder segment dominated the market in 2020, and it is expected to register a higher CAGR in the market during the forecast period. Based on category, the North America dried honey market is segmented into organic and conventional. The conventional segment dominated the market in 2020; however, the organic segment is register a higher CAGR in the market during the forecast period. Based on application, the North America dried honey market is segmented into food and beverages, personal care, and pharmaceuticals and nutraceuticals. The food and beverages segment dominated the market in 2020; however, the North America dried honey market for the pharmaceuticals and nutraceuticals segment is expected to grow at the fastest CAGR during the forecast period. The pharmaceuticals and nutraceuticals segment is further segmented as lozenges, gummies, and others. Based on country, North America dried honey market is classified into the US, Canada, and Mexico.
ASR Group; Associated British Foods Plc.; Best Ground International; Dorilton Capital; Hoosier Hill Farm; Norevo GmbH; Specialty Products and Technology, Inc; Spice Jungle; Sweet Harvest Foods; and The Archer Daniels Midland Company are among the leading companies in the North America dried honey market.
Strategic insights for the North America Dried Honey provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 152.16 Million |
Market Size by 2028 | US$ 261.47 Million |
Global CAGR (2021 - 2028) | 8.0% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Form
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The geographic scope of the North America Dried Honey refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Dried Honey Market is valued at US$ 152.16 Million in 2021, it is projected to reach US$ 261.47 Million by 2028.
As per our report North America Dried Honey Market, the market size is valued at US$ 152.16 Million in 2021, projecting it to reach US$ 261.47 Million by 2028. This translates to a CAGR of approximately 8.0% during the forecast period.
The North America Dried Honey Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Dried Honey Market report:
The North America Dried Honey Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Dried Honey Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Dried Honey Market value chain can benefit from the information contained in a comprehensive market report.