Manuka Honey Market Share, Size, Trends, Industry Analysis Report, By Type (UMF 5+/MGO 83 mg/kg (ppm), UMF 10+/MGO 263 mg/kg (ppm), UMF 15+/MGO 514 mg/kg (ppm), UMF 20+/MGO 829 mg/kg (ppm)); By Nature; By Application; By Region; Segment Forecast, 2023 - 2

Manuka Honey Market Share, Size, Trends, Industry Analysis Report, By Type (UMF 5+/MGO 83 mg/kg (ppm), UMF 10+/MGO 263 mg/kg (ppm), UMF 15+/MGO 514 mg/kg (ppm), UMF 20+/MGO 829 mg/kg (ppm)); By Nature; By Application; By Region; Segment Forecast, 2023 - 2032

The global manuka honey market size is expected to reach USD 795.83 million by 2032, according to a new study by Polaris Market Research. The report “Manuka Honey Market Share, Size, Trends, Industry Analysis Report, By Type (UMF 5+/MGO 83 mg/kg (ppm), UMF 10+/MGO 263 mg/kg (ppm), UMF 15+/MGO 514 mg/kg (ppm), UMF 20+/MGO 829 mg/kg (ppm)); By Nature; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Augmenting the development in the product launches is likely to support the growth of the global market. To tap the consumers’ preference towards the healthy food, many firms are significantly focusing on the innovative products.

For example, in march 2023, the top supplier of beverages with honey, Honeydrop, has introduced a well-ness shot with blend of Manuka honey. These 2 oz shots available in 4 delectable flavours: Restore Immunity, Boost, & Detox, having a blend of useful nutrients. The launch of these various manuka honey products reflects the increasing demand for natural and healthy products and the growing popularity of manuka honey as a functional food ingredient. This is further improving the global revenue with a considerable growth rate.

Surge in potential health benefits of the manuka honey such as antibacterial and anti-inflammatory properties, wound healing, and digestive health is one of the major contributor to the global market’s growth. This has led to a growing consumer interest in these products which has created a demand for manuka honey-based products, such as supplements, skincare, and food and beverage products.

Due to the pandemic, manuka honey's exports significantly increased because of its antioxidant and anti-inflammatory characteristics. Australia and New Zealand are the two largest producers. New Zealand's honey exports climbed in value by 43% in 2020 and output hit a record 23,000 MT.

Manuka Honey Market Report Highlights

UMF 5+/MGO 83 mg/kg (ppm) is anticipated to record the largest market share in the year of 2022 due to the improved natural immunity

Conventional segment is expected to garner the largest revenue in the global market due to advantages such as protein supplies from conventional farming

Food and beverages segment is accounting largest market share of the global revenue in the fiscal year of 2022. This is linked to the increasing demand for natural and healthy food products

Europe held the largest share of the market in 2022 due to increasing product launches in the region, presence of industry participants, and surging consumer’s shift towards healthy food

The global players include Manukora Limited, Arataki Honey, Midlands Apiaries, Airbone Honey, Wedderspoon Organic., Comvita Limited, Steens Honey, Egmont Honey, Manuka Pharm, Happy Valley Honey, Manuka Doctor, WildCape Manuka, Three Peaks Manuka Honey., and Manuka Lab

Polaris Market Research has segmented the Manuka Honey market report based on type, nature, application, and region:

Manuka Honey, Type Outlook (Revenue - USD Million, 2019-2032)

UMF 5+/MGO 83 mg/kg (ppm)

UMF 10+/MGO 263 mg/kg (ppm)

UMF 15+/MGO 514 mg/kg (ppm)

UMF 20+/MGO 829 mg/kg (ppm)

Manuka Honey, Nature Outlook (Revenue - USD Million, 2019-2032)

Organic

Conventional

Manuka Honey, Application Outlook (Revenue - USD Million, 2019-2032)

Food & Beverages

Bakery & Confectionery

Dairy Products

Pharmaceuticals

Cosmetics & Personal Care

Others

Manuka Honey, Regional Outlook (Revenue - USD Million, 2019-2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa