According to our latest market study on “Manuka Honey Market Forecast to 2028 – COVID-19 Impact and Global Analysis – Nature (Organic, Conventional); Type (UMF 5+/MGO 83 mg/kg (ppm), UMF 10+/MGO 263 mg/kg (ppm), UMF 15+/MGO 514 mg/kg (ppm), UMF 20+/MGO 829 mg/kg (ppm)); and Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Stores, Others ),” the market was valued at US$ 741.69 million in 2019 and is projected to reach US$ 1,238.15 million by 2028; it is expected to grow at a CAGR of 5.9% from 2020 to 2028.The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Manuka honey is a monofloral honey produced from the nectar of the manuka tree, Leptospermum. It has antiviral, anti-inflammatory and antioxidant benefits. Moreover, it has traditionally been used for wound healing, soothing sore throats, preventing tooth decay and improving digestive issues. Moreover, increasing demand for plant-based food provides a huge market opportunity for the key players operating in the manuka honey market. However, rising demand for fresh food is projected to boost the overall growth of the Manuka honey market in the forecast period.
Impact of COVID-19 Pandemic on Manuka Honey Market
The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the world. As of April 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverages industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, shutdown of production plants, etc., because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East, and Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the food & beverages, personal acre, and animal feed industries in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months. The market for manuka honey is impacted by the pandemic due to shortfall in production along with limited transportation facilities.
Some well-established companies in the Manuka Honey Market are
• Arataki Honey
• Capilano Honey Ltd.
• COMVITA
• Kirksbees Honey
• Manuka Health
• Midland Holdings
• OHA Honey
• Pure Honey New Zealand
• Streamland Biological Technology Limited
• Watson And Sons
Manuka Honey Market – by Nature
• Organic
• Conventional
Manuka Honey Market – by Type
• UMF 5+/MGO 83 mg/kg (ppm)
• UMF 10+/MGO 263 mg/kg (ppm)
• UMF 15+/MGO 514 mg/kg (ppm)
• UMF 20+/MGO 829 mg/kg (ppm)
Manuka Honey Market – by Distribution Channel
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Stores
• Others
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The report scrutinizes different business approaches and frameworks that pave the way for success in businesses using expert techniques. To provide a proper understanding of the marketplace to readers, the research literature contains graphs and tables.
Global Manuka Honey Market Research Report 2027 carries in-depth case studies on the various countries which are involved in the Manuka Honey Market. The report is segmented as per product gamut, application scope, and geography. It offers an analysis of the technical barriers, other issues, and cost-effectiveness affecting the market. Important contents analyzed and discussed in the report include market size, growth rate, valuation, operation situation, and current & future development trends of the market, market segments, business development, and consumption tendencies. Moreover, the report includes the list of major companies/competitors and their competition data that helps the user to determine their current position in the market and take corrective measures to maintain or increase their share.
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The report fragments the Manuka Honey Market into North America, Europe, Asia-Pacific, South America & Middle East and Africa as per region. Some questions that are answered regarding regional scope are:
• Which region held the largest share in the market in Manuka Honey?
• Which region is likely to record the highest growth rate over the forecast timeframe?
• Considering the present scenario, how much revenue will each region attain by the end of the forecast period?
• What is the estimated valuation of each region in 2027?
• What are the key factors driving and hindering growth of each segment and region?
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The scope of the Report:
The report segments the global Manuka Honey Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is included to give the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Manuka Honey Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.
Highlights of the Manuka Honey Market report:
• Includes a key findings segment to provide a brief overview of the market to the readers
• Detailed company profiles of leading players along with their product catalogue, key developments, CAGR, and valuation are given.
• PEST analysis of each region is provided.
• An in-depth study of strengths, weaknesses, opportunities, and threats of each company is conducted.
• Opinions and insights by esteemed analysts and industry experts are documented.
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