Manuka Honey Market Overview:
The Manuka Honey market is expected to grow at a 7.80% CAGR from 2023 to 2032, reaching USD 1.1 Billion by the end of 2032.
The market for manuka honey is expanding due to its rich flavour and increased use as a substitute for table sugar. The availability of manuka honey through online sales channels has also boosted the market for this product. Customers can also order it online because it is available on e-commerce platforms. Manuka honey is distinguished from other kinds of honey by its antibacterial properties. Manuka honey has a robust and sweet flavour, making it a potential sweetener and sugar substitute. Over the forecast period, it is expected that as alternative sweeteners have increased significantly, so will the demand for manuka honey. The global market is driven by the growing use of manuka honey in cosmetics and personal care products. Because of the growing demand for natural and herbal ingredients, the Manuka Honey Market Research represents a significant opportunity. The rising demand for natural food and beauty products and a shift in consumer habits propel the manuka honey market.
The COVID-19 outbreak has impacted the global manuka honey market, causing mandatory closures of hypermarkets and supermarkets in various regions and countries. The outbreak has reduced manuka honey production capacities. The sourcing and supply of manuka honey were severely hampered during the early stages of COVID-19 due to import-export restrictions imposed by various countries and transportation constraints.
Regional analysis:
The Global Manuka Honey Market is divided into North America, Asia-Pacific, Europe, and the Rest of the World.
The Asia-Pacific region dominated the manuka honey market. The middle class is growing in both developed and developing countries, and urbanisation is rising. This opens up new opportunities for the leading players in the manuka honey market. Consumers' growing health consciousness is also expected to drive market growth. The region's growing desire for nutritious cuisine is one of the primary factors driving the expansion of manuka honey in Asia-Pacific. People's eating habits have shifted due to their hectic lifestyles and health concerns, fueling the growth of the manuka honey market in the region.
The North American manuka honey market will continue to lead in CAGR during the forecast period. High demand for various snacks among children and adults and rising consumption of nutrient-fortified foods are driving market growth in this region. Manuka honey is now widely used in the manufacture of snack bars. Furthermore, consumers are primarily concerned with maintaining their health and controlling their weight, increasing the demand for natural foods. Furthermore, many supermarkets in Canada and the United States would propel the manuka honey market growth in this region.
Competitive Landscape:
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Comvita Limited (New Zealand), Steens Honey (New Zealand), Manuka Health New Zealand (New Zealand), and Berringa (Australia) dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.
Prominent players in the global market include Comvita Limited (New Zealand), Steens Honey (New Zealand), Manuka Health New Zealand (New Zealand), Berringa (Australia), Australia’s Manuka (Australia), GO Healthy New Zealand Ltd. (New Zealand), Simply Honey (Australia), Barnes Natural (Australia), Nature’s Gold (Australia), New Zealand Honey Co. (New Zealand), Haddrell's (New Zealand), Mossops Honey (New Zealand), Happy Valley Honey (New Zealand), 100% Pure NZ Honey (New Zealand), Arataki Honey (New Zealand), Egmont Honey (New Zealand), Streamland Honey (New Zealand), OHA Honey (New Zealand), ApiHealth NZ Ltd. (New Zealand), Wedderspoon (New Zealand), Cammells Honey (New Zealand), Capilano Honey Ltd. (New Zealand), Honey New Zealand (New Zealand), Richora Honey (New Zealand), Midland Apiaries (New Zealand), and Taylor Pass Honey Co (New Zealand).
Market segmentation:
The Manuka Honey Market Report is segmented based on category, product type, and distribution channel.
According to the category:
- Organic
- Conventional
According to the product type:
- MGO 829
- MGO 514
- MGO 263
- MGO 83
- Others
According to the distribution channel:
- Non-Store-Based
- Store-Based
Recent Developments:
- COMVITA launched its new UMF25+ Manuka Honey in March 2021. According to the company, it is both rare and valuable.
- Manuka Health joined forces with Oritain and Trust Codes in January 2021 to safeguard Manuka Honey from beekeepers to jars.
Related Reports:
Essential Oils Market Research Report Information By Type (Orange Oil, Lemon Oil, Peppermint Oil, Corn Mint Oil, Citronella Oil, Spearmint Oil, Clove leaf Oil And Eucalyptus Oil), By Application (Food Beverages, Personal Care, Aromatherapy, Air Care And others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030
朝食用シリアル市場調査レポート：情報源（小麦、米、オート麦、トウモロコシ、大麦、その他）、包装タイプ（箱、パウチ、その他）、流通チャネル（店舗ベースおよび非店舗ベース）、および地域別情報-2030年までの世界予測
Industrial Sugar Market Research Report: Informationen nach Typ (brauner Zucker und Weißzucker), Quelle (Zuckerrohr, Zuckerrüben und andere), Form (Granulat, Pulver und Sirup), Anwendung [Lebensmittel und Getränke (Milch- und Tiefkühldesserts, Bäckerei und Süßwaren, Getränke und andere), Pharmazeutika und andere) Andere] und Region (Nordamerika, Europa, Asien-Pazifik und RoW) — Prognose bis 2030
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: [email protected]
