Manuka Honey Market Latest Survey Report 2023

Manuka Honey Market to reach over USD 729.63 Mn by the year 2031- Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Manuka Honey Market Size, Share & Trends Analysis Report by Type (UMF 5+, UMF 10+, UMF 15+, and UMF 20+), Nature (Organic/Natural and Conventional), Application (Nutraceutical, Pharmaceutical, Food and Beverages (Beverages, Dairy Products, Bakery and Confectionary) And Cosmetic And Personal Care)- Market Outlook And Industry Analysis 2031"
The Manuka Honey is estimated to reach over USD 729.63 Mn by 2031, exhibiting a CAGR of 5.28% during the forecast period.
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European honeybees, Apis mellifera, which pollinate the blossom on the manuka bush, obtain manuka honey from the nectar of the manuka tree. Due to its predominant origin from the nectar of just one plant species and production in New Zealand and Australia, it is also referred to as a monofloral honey.
Additionally, manuka honey is used in a wide range of products, including food, cosmetics, and personal care. Individuals' lifestyles and dietary habits have undergone a significant transformation. Growing public awareness of obesity and heart-related illnesses, particularly among children and teenagers, has shifted consumers' attention to healthy food products. People now favor foods that can nourish them and enhance their health.
The market is expanding due in part to the health advantages of manuka honey, including its ability to enhance the respiratory system, prevent mouth infections, and strengthen the immune system. As a result of these advantages, there is now a greater global demand for manuka honey across a range of businesses, including food, beverage, home, cosmetic, and personal care.
However, some of the negative effects of manuka honey include skin sensitivity to sunlight and a little burning sensation when applied topically. Some people may also react allergically to strong scents or odors. Due to these unwanted effects, consumers may switch to more wholesome options, which could slow the market's expansion.


List of Prominent Players in the Manuka Honey Market:
• Manukora Limited
• Comvita Limited
• Arataki Honey Ltd.
• Egmont Honey
• Manuka Pharm
• Manuka Doctor
• Airbone Honey Ltd.
• Wedderspoon Organic.
• Steens Honey
• Happy Valley Honey
• WildCape Manuka Honey.
• Midlands Apiaries Ltd.
• New Zealand Honey Co.
• Three Peaks Manuka Honey.
• Manuka Lab

Market Dynamics:
Drivers-
Scientific studies have shown the antimicrobial qualities of manuka honey, which are highly regarded. It promotes metabolism, soothes sore throats, aids in wound healing, and is healthy for the skin. Manuka honey has been demonstrated in numerous studies to accelerate tissue regeneration, speed up wound healing, and even lessen pain in burn patients. Moreover, manuka honey enhances dental health. According to studies, manuka honey fights against the bad oral bacteria that cause plaque buildup, gum disease, and tooth decay. Due to its strong antibacterial properties, manuka honey is unlikely to cause cavities or tooth decay. Manuka honey is also thought to lessen inflammation linked to acne because of its anti-inflammatory effects. Because of these health advantages of manuka honey and customers' growing awareness of it, the industry is growing.
Challenges:
The prime challenge is the rising gap between demand and supply in developing countries, which is predicted to reduce the growth of the Manuka Honey Market. However, high prices related to local production of manuka honey are also one of the main reasons limiting the expansion of the global manuka honey market. Regional barriers to manufacturing high-quality goods are progressively eliminated when the product's demand rises. The manuka honey market needs to engage more significant players in various regions To satisfy the increasing demand for high product quality from target audiences. Additionally, large-scale honey production is becoming less financially viable because of rising labor costs and the fact that pollination is given priority over honey production. These elements also contribute to the product's high market prices. Thus, during the review period, the expansion of the market for manuka honey is anticipated to be threatened by the widening disparity between the supply and demand for honey.

Regional Trends:
The Asia-Pacific manuka honey market is expected to register a major market share in revenue and is projected to grow shortly. The middle class is growing in developed and emerging countries, and urbanization is also rising. Increased consumer health consciousness is predicted to promote market expansion. The growing need for nutrient-dense food in the Asia-Pacific area is one of the main causes propelling the growth of manuka honey in that region. Due to a fast-paced lifestyle and growing health awareness, people's eating patterns have altered, which has fueled the local manuka honey market's expansion.
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Recent Developments:
• In March 2021, Comvita released its limited-edition Special Reserve UMF 25+ Manuka Honey. The rarest honey in the world gives individuals a moment of delectable delight while also bringing them closer to nature.
Segmentation of Manuka Honey Market-
By Type-
• UMF 5+
• UMF 10+
• UMF 15+
• UMF 20+
By Nature-
• Organic/Natural
• Conventional
By Application-
• Nutraceutical
• Pharmaceutical
• Cosmetic and personal care
• Others
• Food and beverages
o Beverages
o Dairy products
o Bakery and Confectionary
o Others

By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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