The latest market report published by Credence Research “Global Manuka Honey Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The global Manuka Honey market generated revenue of around USD 550.4 million in 2020 and anticipated to grow at a CAGR of over 7.5% during the forecast period from 2021 to 2027 to reach around USD 915.5 million in 2027.
Global Manuka Honey Market, 2020 – 2027 (USD Million)
Browse the full report at https://www.credenceresearch.com/report/manuka-honey-market
Manuka honey is a monofloral honey produced from the nectar of the manuka tree, Leptospermum. It is native to New Zealand and blooms just 2-6 weeks per year. Manuka Honey can only be produced in areas abundant with native Manuka blossoms, which is why our hives are located in some of the most remote, untouched parts of New Zealand.
Key Trends in Global Manuka Honey Market
Incorporation in Natural Personal Care Product
Manuka honey contains lower level of fat and is widely used in the food industry. Manuka honey has antibacterial activities which helps in production of cytokine and has a high rich nutrient profile which increases the immunity of humans. The anti-oxidant and anti-inflammatory property of the honey qualifies it for the topical application for treating eczema and acne as well. With the developing economies and the rise in the disposable income, there has been increase in the demand for beauty products. Rising demand for the herbal and natural ingredients has created an opportunity for the manuka honey market.
Impact of COVID 19 on Global Manuka Honey Market
COVID 19 situation has affected various industries in various ways. There are hardly any industries which were not affected by the COVID 19 pandemic. The demand for manuka honey was affected during the COVID 19 pandemic. Various rules and regulations regarding the lockdown and trade are anticipated to mainly affect the growth of the manuka honey market in COVID 19. The regulations regarding to the production units in various regions have hampered the growth of the manuka honey market.
Global Manuka Honey Market by Type Insights
UMF 5+, UMF 10+, UMF 15+, UMF 20+ and others are main types of manuka honey market. UMF 15+ is anticipated to dominate the market owing to its anti-bacterial property and effective drug-resistant strains.
UMF 15+ to dominate the global Manuka Honey Market
Global Manuka Honey Market by Type, 2020
Global Manuka Honey Market by Nature Insights
On the basis of nature, the manuka honey market is divided into conventional and organic segments. Organic segment is expected to show a higher growth owing to the inclination of population to buy organic products for their health. Also the growing awareness about the benefits of organic products is anticipated to fuel the growth of the market.
Organic segment to dominate the global Manuka Honey Market
Global Manuka Honey Market by Nature, 2020
Global Manuka Honey Market by Distribution Channel Insights
Based on distribution channel, the manuka honey market is segmented B2B and B2C. B2C segment is further sub-segmented into Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores and E-Retail. B2C segment is anticipated to dominate the distribution channel segment owing to the rapid increase in demand for manuka honey.
Global Manuka Honey Market Share by Distribution Channel, 2020
Global Manuka Honey Market by End-user Insights
Global Manuka Honey market is segmented based on end-user industries such as Food & beverage industry, Bakery & Confectionery, Pharmaceuticals, Cosmetics & Personal Care and Others. Cosmetics and Personal care segment is expected to show high growth rate in the forecast period owing to the increase in the use of natural products.
Global Manuka Honey Market Share by End-user, 2020
Global Manuka Honey Market by Regional Insights
The largest market for Manuka Honey is Asia Pacific which accounted for approximately 35% of the total revenue generated. The major production of manuka honey in New Zealand and Australia is mainly fueling the growth of Asia Pacific market. Also the use of manuka honey due t its various advantages is fueling the demand for the manuka honey market in Asia Pacifc. America is anticipated to show a high growth rate owing to the increase of use of manuka honey in various industries such as food industry, cosmetics industry, pharmaceutical industry, etc.
Global Manuka Honey Market Competitive Landscape
The main players of the global Manuka Honey market include Comvita Limited, Oha Honey, Manuka Health New Zealand, Apihealth NZ Ltd., Wedderspoon, Mossops, Cammells Honey, Arataki Honey, Nature’s Way Products, LLC., Capilano Honey Ltd, New Zealand Honey Co, The True Honey Co, Egmont Honey, Manuka Honey USA LLC, and Others The report covers detailed profiles of the key players.
Global Manuka Honey Market, Company Distribution Network, 2020
Global Manuka Honey Market by Type, 2015 – 2027
- UMF 5+
- UMF 10+
- UMF 15+
- UMF 20+
Global Manuka Honey Market by Nature, 2015 – 2027
Global Manuka Honey Market by Distribution Channel, 2015 – 2027
- Convenience Stores
- Specialty Stores
Global Manuka Honey Market by End User, 2015 – 2027
- Food & beverage industry
- Bakery & Confectionery
- Cosmetics & Personal Care
Global Manuka Honey Market by Region, 2015 – 2027
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Global Manuka Honey Market: Key Players
- Comvita Limited
- Oha Honey
- Manuka Health New Zealand
- Apihealth NZ Ltd.,
- Cammells Honey
- Arataki Honey
- Nature’s Way Products, LLC.
- Capilano Honey Ltd
- New Zealand Honey Co
- The True Honey Co
- Egmont Honey
- Manuka Honey USA LLC