Global Manuka Honey Market Valued at USD 500.2 Million in 2022, Expected to Grow at a CAGR of 7.2% from 2023 to 2033

As per the study initiated by Evolve Business Intelligence, the global Manuka Honey market size accounted for USD 500.2 Million in 2022, growing at a CAGR of 7.2% from 2023 to 2033. The Manuka honey market refers to the market for honey produced from the nectar of the Manuka tree (Leptospermum scoparium), which is native to New Zealand and parts of Australia. Manuka honey is known for its unique properties and is highly valued for its potential health benefits and therapeutic uses. Manuka honey is recognized for its unique antibacterial and antimicrobial properties, primarily attributed to the presence of methylglyoxal (MGO). It is believed to have potential health benefits, including wound healing, immune system support, digestive health, and skincare applications. These therapeutic properties have contributed to the increasing demand for Manuka honey globally.
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Key Highlights:
• The global Manuka Honey Market size was valued at USD 500.2 Million in 2022 growing at a CAGR of 7.2% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to fastest-growing at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has published a new market research report on Global Manuka Honey Market focusing in various aspects including market size and forecast, market dynamics, competitors market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which includes Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted in order to prosper through this industry over short and long terms. The quantitative analysis includes our authentic findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.
In terms of COVID 19 impact, the Manuka Honey market report also includes the following data points:
• COVID19 Impact on Manuka Honey market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Manuka Honey market
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Key Players
Some of the major Manuka Honey players holding high market share include Comvita, Wildcape, Kiva, and Manukora. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Comvita
• Wildcape
• Kiva
• Manukora
• New Zealand Honey Co.
• Airbone Honey Ltd
• Three Peaks Manuka Honey
• Arataki Honey
• Happy Valley
• Wedderspoon
• Steens honey
• Manuka Lab
• Manuka Doctor
• Egmont honey
• Manuka Pharm.
Segmental Analysis
Market Segment By Type with focus on market share, consumption trend, and growth rate of Manuka Honey Market:
o UMF 5+
o UMF 10+
o UMF 15+
o UMF 20+
Market Segment By nature with focus on market share, consumption trend, and growth rate of Manuka Honey Market:
o Organic/Natural
o Conventional
Market Segment By application with a focus on market share, consumption trend, and growth rate of the Manuka Honey Market:
o Nutraceutical
o Pharmaceutical
o Others
o Food and beverages
Parameters Details
Market Size (2022) $ 500.2 Million
CAGR (2023 to 2033) 7.2%
Market Segmentation Type, Nature, Application
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Spain, Nordic Countries, BeNeLux, Rest of Europe, China, India, Japan, South Korea, Indonesia, Malaysia, Australia, Rest of Asia Pacific, Middle East & Africa, and South America
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Global Manuka Honey Geographic Coverage:
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Nordic Countries
o Benelux
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Australia
o Rest of Asia Pacific
• Middle East and Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
Reasons to Buy this Report:
• Detail analysis of the impact of market drivers, restraints, and opportunities
• Competitive Intelligence provides an understanding of the ecosystem
• Details analysis of the Total Addressable Market (TAM) of your products
• Investment Pockets and New Business Opportunities
• Demand-supply gap analysis
• Strategy Planning

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