Manuka Honey Market size was valued at USD 630.32 million in 2022 and expected to reach USD 975.4 million by 2029, at CAGR of 6.43%.
Manuka Honey Market Overview:
Extensive Manuka Honey Market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Manuka Honey market.
Market Scope:
This research on the Manuka Honey industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Manuka Honey utilizing internal and external private information, as well as relevant patent and regulatory sources.
Manuka Honey Market Dynamics:
A strong, lightweight, and recyclable material is Manuka Honey. Additionally, it is used to make materials for food packaging as well as consumer items like CD and DVD cases. It is a low-cost, high-strength plastic that may be recycled into materials for home building, used to insulate structures, and be made into sterile disposable cutlery. The market is anticipated to grow over the course of the projected period as a result of the expanding product application scope across various end-use sectors.
The market is being driven by the expanding end markets for Manuka Honey, which include the electronics and construction sectors. The expansion of the Manuka Honey market is being driven by the rising usage of expanded Manuka Honey in building and insulation. The Manuka Honey industry will benefit from the rising construction market.
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Manuka Honey Market Segmentation:
The Manuka Honey Market is divided into General Purpose Manuka Honey, High Impact Manuka Honey, and Expandable Manuka Honey based on the type of resin used. With a sales share of about 34.2% in 2022, the High Impact Manuka Honey sector has become the dominating resin type category. High Impact Manuka Honey, which is exceptionally durable and resistant to cracking, is used in the molding process. Painting and gluing are simple and inexpensive. It is used to make housing and covers, weak structural elements, printed graphics, models and prototypes, fittings, and other things. Other grades include those with ignition resistance, high gloss, and environment stress crack resistance. The market expansion for Manuka Honey in this niche is driven by these significant advantages.
by Type
UMF5+
UMF10+
UMF15+
UMF20+
The Manuka Honey Market is divided into UMF5+, UMF10+, UMF15+, and UMF20+ categories based on kind. Because MGO is present in higher concentration and has stronger antibacterial effects in UMF 15+ Manuka honey, this segment dominates the manuka honey market. The premium quality and efficacy of UMF 15+ manuka honey in fostering wound healing, bolstering the immune system, and enhancing overall wellbeing is what drives demand for it. Additionally, during the projected period, the UMF20+segment is anticipated to record the greatest CAGR in the market.
by Distribution Channel
Store based
Non-Store based
The Manuka Honey market is divided into store-based and non-store-based categories based on the distribution channel. Because a wide range of manuka honey products are available on e-commerce platforms, the market for manuka honey is growing through non-store based channels. Because it saves so much time, individuals these days prefer to shop online rather than visit their local grocery or specialized store. Customers can use e-commerce services to quickly obtain their orders and compare product costs from a variety of online retailers.
by Application
Food & Beverages
Cosmetic
Nutraceutical
Pharmaceutical
Manuka Honey Market is divided into four segments based on application: Food & Beverages, Cosmetics, Nutraceuticals, and Pharmaceuticals. At the moment, the manuka honey market is dominated by the nutraceutical category. This is because it contains goods that are meant to promote wellness or fend off illness. Because manuka honey has antibacterial, antioxidant, and anti-inflammatory properties, it is most popular in nutraceutical goods. Because of its high nutritional content and health benefits, manuka honey is widely used in nutraceutical goods. It adds natural sweetness and other health benefits to functional foods, beverages, and nutritional supplements.
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Key Players:
A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Manuka Honey business are…
1. Comvita Limited
2. New Zealand Honey Co.
3. Happy Valley Honey
4. Egmont Honey
5. Arataki Honey Ltd.
6. Manuka Pharm
7. Manuka Lab
8. Manukora Limited
9. WildCape Manuka Honey.
10. Three Peaks Manuka Honey
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
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COVID-19 Impact Analysis on Manuka Honey Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people’s lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market’s initial and future projections.
Key Questions Answered in the Manuka Honey Market Report are:
- What will be the CAGR of the Manuka Honey market during the forecast period?
- Which segment emerged as the leading segment in the Manuka Honey market?
- Which are the prominent players in the Manuka Honey market?
- What will be the Manuka Honey market size by 2027?
- Which company held the largest share in the Manuka Honey market?
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