Global Manuka Honey Market Value to cross USD 1,418.5 MN By 2026
Posted On August 11, 2020
A market research report anticipates the Global Manuka Honey Market to reach USD 943.4 MN in 2019. It is estimated to grow and reach USD 1,418.5 MN mark by 2026. The report publisher, Value Market Research expects a CAGR of 6% during 2020 to 2026. Manuka Honey is honey made by bees pollinating the flowers of the native manuka bush, Leptospermum scoparium. These flowers are native to Australia and New Zealand. Manuka honey offers various health benefits such as wound healing, reduction in pain & inflammation, and reduction in cholesterol. Manuka honey is further used in treating burns, eye & ear infections, sinus, and gastrointestinal disorders. It is used as a sugar-alternative due to its strong flavor and sweetness. Methylglyoxal is the major component present in manuka honey that acts as an antibacterial agent.
The global market for Manuka honey is experiencing surge owing to the increasing usage for medicinal purposes and growing awareness among the consumers about the health benefits of Manuka honey. Furthermore, factors such as the growing popularity of manuka honey as a sugar replacer increase usage of manuka honey in food products such as bakery & confectionery due to its low-fat contents, and growing applications in personal care and cosmetics merchandise, are contributing to the growth of the markets. The COVID-19 Pandemic is likely to support the global manuka honey market as consumers worldwide have become more health-conscious; however, the disrupted supply chain may hamper the market.
The first chapter of the report "Global Manuka Honey Market Report By Form (Raw Manuka Honey, Processed Manuka Honey), By Product (UMF 5+ Manuka Honey, UMF 10+ Manuka Honey, UMF 15+ Manuka Honey, UMF 20+ Manuka Honey, Others), By Function (Anti-Inflammatory, Antibacterial, Sweetener, Others), By End Use (Food & Beverage Industry, Bakery & Confectionery, Dairy Products, Pharmaceuticals, Cosmetics & Personal Care, Others), By Distribution Channel (B2B, B2C, Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, E-Retail) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters.
The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future. By Form the market is divided into Raw Manuka Honey, Processed Manuka Honey. By Product the market is segregated as UMF 5+ Manuka Honey, UMF 10+ Manuka Honey, UMF 15+ Manuka Honey, UMF 20+ Manuka Honey, Others. By Function the manuka honey market is categorised as Anti-inflammatory, Antibacterial, Sweetener, Others. By End Use the manuka honey market is categorised as Food & beverage industry, Bakery & Confectionery, Dairy Products, Pharmaceuticals, Cosmetics & Personal Care, Others. Based on Distribution Channel the manuka honey market is segmented as B2B, B2C, Hypermarkets/Supermarkets, ConvenienceStores, Specialty Stores, E-Retail. The report identifies region which is expected to dominate the market over the next six years among all the regions studied in the report. North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Manuka Honey Market -
Raw Manuka Honey
Processed Manuka Honey
- UMF 5+ Manuka Honey
- UMF 10+ Manuka Honey
- UMF 15+ Manuka Honey
- UMF 20+ Manuka Honey
By End Use
- Food & Beverage Industry
- Bakery & Confectionery
- Dairy Products
- Cosmetics & Personal Care
By Distribution Channel
- Specialty Stores
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Comvita, Manuka Health, Arataki Honey Ltd, Watson & Son Limited, Capilano Honey.
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