Benefits and Trends of the Global Manuka Honey Market
Feb 27,2023 | Agriculture
Manuka honey, produced in Australia and New Zealand by bees that pollinate the Manuka bush, is one of the most unique and beneficial forms of honey in the world. Manuka honey contains active compounds, giving it natural antimicrobial properties. The honey is commonly sold as an alternative medicine. There are many Manuka honey uses that range from healing sore throats and digestive illnesses, to curing Staph infections and gingivitis.
The Global Manuka Honey Market is poised to grow by US$ 351.0 million during 2022-2028, progressing at a CAGR of 7.6% during the forecast period. Categorized under the Food & Beverage – Agriculture market reports, the exclusive study on Bharatbook covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global manuka honey market. It traces the market’s historic and forecast market growth. The report identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches. This study also provides an analysis of the impact of the COVID-19 crisis on the manuka honey industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the type, type, distribution channel, and region. The global market for manuka honey can be segmented by type: conventional, organic. The conventional segment held the largest revenue share in 2021. Manuka honey market is further segmented by type: MGO 83, MGO 263, MGO 514, MGO 829, others. Among these, the MGO 83 segment accounted for the highest revenue generator in 2021.
Based on distribution channel, the manuka honey market is segmented into: store-based, non-store-based. The store-based segment captured the largest share of the market in 2021. On the basis of region, the manuka honey market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, Asia-Pacific had the largest share in the global manuka honey market.
The global manuka honey market is dominated by only a few participants including Australia's Manuka, Berringa, Comvita Limited, Manuka Health New Zealand Limited, among others. Manuka Honey Market Revenue is expected to grow, propelled by staggering demand from millennials and emerging markets.
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