Global Manuka Honey Market Size By Type (UMF 5+, UMF 10+, UMF 15+, UMF 20+), By Application (Digestion & Inflammation Treatment, and Wound-care & Skincare Products), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Manuka Honey Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.
The rising use of manuka honey in cosmetics and personal care products drives the global market. Additionally, it has health benefits such as strengthening the immune system, preventing oral infections, speeding up the healing process, and boosting the respiratory system, all of which contribute to the demand for manuka honey. The Global Manuka Honey Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Manuka Honey Market Definition
Manuka honey is the monofloral honey that is produced from the nectar of the manuka tree. This honey is mainly manufactured in Australia and New Zealand. It is utilized for medical purposes owing to its anti-bacterial properties. It contains strong flavor and sweetness which makes it a potential sweetener and table sugar replacer. Manuka honey contains methylglyoxal (MGO), which makes it beneficial for pharmaceutical purposes. Manuka honey has a lot of nutrients and is well-known for its restorative properties. Its medical advantages include high levels of cancer-prevention agents that strengthen the immune system and reduce irritation.
Manuka honey is packed with goodness! Think fructose, glucose, minerals, and proteins, but it's also a powerhouse of natural antioxidants, thanks to those phenolic acids and flavonoids. Because it’s mostly sugar, it's a great alternative to regular table sugar. Plus, everyone loves that it's practically fat-free, which is why you see it popping up in the food industry more and more. It boasts a seriously impressive nutrient profile and has antibacterial properties that even help your body produce cytokines, boosting your immune system. And, its calming and antioxidant powers make it awesome for your skin; many use it to help with things like dermatitis and acne. It's no wonder health enthusiasts are all over it! With everyone wanting healthier, lower-fat options loaded with nutrients, it's easy to see why manuka honey's popularity is soaring. Basically, we all want to stay healthy, even with crazy busy lives, and manuka honey fits right into that. That's why more and more people are choosing it!
Global Manuka Honey Market Overview
Manuka honey is popping up everywhere in your favorite cosmetics and personal care stuff, and that's really giving the global market a boost. Think lotions, gels, even perfumes and mascara! It's packed with goodies like vitamins, minerals, and amino acids that help protect and renew your skin. But it's not just for looking good! Manuka honey is also known for its health benefits, like boosting your immune system and helping you heal faster. Plus, people are loving its rich flavor and using it as a healthier alternative to table sugar. And guess what? You can find it practically anywhere online these days, making it super easy to get your hands on. Thanks to e-commerce, ordering it online is a breeze. Especially with millennials spending more on healthy foods, manuka honey's demand is only going up!
However, a restraining factor for the market is the population of honeybees around the world is struggling to survive owing to the threat of colony collapses, pests, and loss of floral resources. Agriculture systems, irreplaceable portions of nature, and food supply, according to the USDA, are the major factors affecting the current status of bees globally.
The manuka honey market offers a significant opportunity owing to the rising demand for natural and herbal ingredients. The increased demand for natural food and beauty products, combined with a shift in people’s consumption patterns, is a driving factor for the manuka honey market.
Global Manuka Honey MarketSegmentation Analysis
The Global Manuka Honey Market is segmented based on Type, Application, and Geography.
Manuka Honey Market, By Type
• UMF 5+• UMF 10+• UMF 15+• UMF 20+• Others
Based on Type, the market is further segmented into UMF 5+, UMF 10+, UMF 15+, UMF 20+, and Others. The Unique Manuka Factor (UMF) is a system for grading manuka honey. The amount of methylglyoxal (MGO) in the container is indicated by the UMF number on the label. That number can range from UMF 5+ to UMF 20+. The UMF is a quality mark that can be used to identify pure, natural manuka honey.
Manuka Honey Market, By Application
• Digestion and Inflammation Treatment• Wound-care & Skincare Products• Others
Based on Application, the market is segmented into Digestion & Inflammation Treatment, and Wound-care & Skincare Products. The digestion & inflammation treatment segment dominates the market. Wound-care & Skincare Products are expected to grow at a significant rate during forecasted years. This is owing to the rising use of Manuka Honey in skincare products.
Manuka Honey Market, By Geography
• North America• Europe• Asia Pacific• Rest of the World
Based on regional analysis, the Global Manuka Honey Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, Asia-Pacific is expected to dominate the manuka honey market. The increasing number of honey applications in the region, as well as the existence of a large number of manufacturers and concentrated production in the region, have resulted in increased demand for market expansion. North America is expected to grow at the fastest rate during the forecast period, with the US being the major contributor.
Key Players
The “Global Manuka Honey Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Comvita, Watson & Son, Manuka Health, Pure Honey New Zealand, Arataki Honey, Streamland, Ora Honey, Capilano, Natures Way.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• In March 2021Comvita, the global leader in Manuka Honey, had launched its limited-edition Special Reserve UMF™ 25+ (MGO 1200+) Manuka Honey, carefully collecting some of the world’s rarest honey to create a moment of delicious pleasure that connects people to the power of nature.
• In November 2019Watson & Son by Oha Honey, a New Zealand-based company, will soon be selling four Manuka honey products in the United States.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2022-2030
HISTORICAL PERIOD
2018-2020
KEY COMPANIES PROFILED
Comvita, Watson & Son, Manuka Health, Pure Honey New Zealand, Arataki Honey, Streamland, Ora Honey, Capilano, Natures Way.
SEGMENTS COVERED
Type, Application, and Geography.
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We take a deep dive, looking at the market through both numbers (quantitative) and stories (qualitative), breaking it down into understandable pieces using economic and other factors. We'll give you the market size in USD Billion for each of these pieces. We'll also point out which region and segment we think will grow the fastest and lead the way. Expect a regional breakdown too, showing where the product/service is being used and what's impacting the market there. Plus, we cover the competition, ranking the big players and highlighting new stuff they're launching, who they're partnering with, and who they're buying or expanding into over the last five years. You'll get detailed profiles of these companies, with overviews, insights, product comparisons, and a SWOT analysis. We give you a picture of where the market is now and where it's heading, considering new developments, opportunities, what's driving growth, and the challenges in both new and established areas. We'll even throw in a Porter's Five Forces analysis for a multi-faceted view, plus a Value Chain breakdown to understand the market flow. Finally, expect a look at the market's dynamics and future growth opportunities and 6 months of analyst support after the sale.
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