The latest report by IMARC Group, titled “Manuka Honey Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the manuka honey market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global manuka honey market size reached US$ 673.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 982.3 Million by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.
Manuka Honey Market Overview:
Manuka honey is a type of honey produced by bees that feed on the native manuka tree. It is different from other types of honey due to its unique composition; it is rich in antibacterial and antimicrobial compounds, as well as high levels of methylglyoxal (MGO), an active compound that has been found to have a number of beneficial health effects. Additionally, it is especially effective against bacteria, such as Helicobacter pylori, which can cause ulcers and stomach cancer. It is also known to improve wound healing, reduce inflammation, and fight oral bacteria, making it a popular natural remedy for many conditions. Moreover, it is available in many forms, such as in creams and ointments, as well as in its purest form. It is also used in many culinary dishes, such as jams and sauces, and is a popular ingredient in many health and beauty products.
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Global Manuka Honey Market Trends:
Significant growth in the food and beverage industry majorly drives the global market. This can be supported by the ever-increasing call for sustainable food from consumers, as well as the use of manuka honey in various food products, including processed foods, jams, jellies, and drinks. Along with this, the widespread adoption of manuka honey in food production on account of its ability to provide desirable flavor to food and beverage items combined with its availability. In addition, the growing popularity among coronavirus patients due to its antiviral, anti-fungal, and antibacterial properties which are beneficial for treating acute cough and throat infections, is contributing to the market. Moreover, the rising adoption of manuka honey in the formulation of pharmaceuticals and personal care products is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and rising acceptance of organic bee products.
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Key Market Segmentation:
Breakup by Type:
- UMF5+
- UMF10+
- UMF15+
- UMF20+
Breakup by Nature:
- Organic
- Conventional
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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