Asia Pacific Manuka Honey Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Nature (Organic and Conventional), Type [UMF 5+/MGO 83 mg/kg (ppm), UMF 10+/MGO 263 mg/kg (ppm), UMF 15+/MGO 514 mg/kg (ppm), and UMF 20+/MGO 829 mg/kg (ppm)], and Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Others)
Market Introduction
APAC market comprises several developing and developed economies, such as Australia, China, India, Japan, and South Korea. These developed and developing countries are witnessing growth in the middle-class population along with growth in urbanization, which offers several opportunities for the key market players in the manuka honey market. The manuka honey industry in the countries of Asia Pacific has experienced a huge shift over the years. China and India are among the leading manuka honey consuming countries across Asia Pacific. Increasing health awareness among the consumers is further expected to bolster the market growth. The rising demand for healthy food is one of the main reasons that supports the growth of manuka honey in Asia Pacific. Hectic lifestyle along with wellness concerns have changed the eating pattern among the population, which favours the growth of manuka honey market in the region. Further, the manuka honey consumption in Asia Pacific has increased owing to the rising disposable income and the availability of manuka honey in the different forms on online and offline retail shops. An upsurge in the purchasing power coupled with the increased spending by millennials on nutrition rich food drives the growth of the manuka honey market in the region.
Coronavirus pandemic first began in December 2019, and since then, it has spread at a fast pace across the world. The coronavirus pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food & beverages industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, shutdown of production plants, etc., because of this pandemic. The shutdown of various plants and factories in leading regions such as North America has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products. All these factors are anticipated to affect the food & beverages, personal care, and animal feed industries in a negative manner and thus act as restraining factor for the growth of various markets related to this industry in the coming months. The market for manuka honey is impacted by the pandemic due to shortfall in production along with limited transportation facilities. The COVID-19 is anticipated to cause a significant economic loss in the Asia-Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The governments of various Asia-Pacific countries are taking possible steps to restrict the spread of the virus by announcing lockdown, which in turn has negatively impacted the revenue generated by the manuka honey market.
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Market Overview and Dynamics
The manuka honey market in Asia Pacific is expected to grow US$ 451.93 million by 2028 from US$ 293.49 million in 2020. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2028. Manuka honey is made from the nectar of the manuka tree and is only produced in Australia and New Zealand. The key active ingredient in manuka honey is methylglyoxal. This is an antibacterial organic compound that can be used for medicine and everyday health benefits. The key behind this is that bacteria cannot become resilient to methylglyoxal like they can to antibiotics, and antibiotic resistant bacteria. Various species of bacteria, such as Streptococcus and Staphylococcus aureus are prone to manuka honey. Manuka honey also appears to be effective against Clostridium difficile, a hard-to-treat bacteria that infects bowel and causes diarrhea. Also, it is said that manuka honey seems to attack infectious bacteria that form a biofilm, or a thin, slippery layer of bacteria for the reason that once an infection has formed a biofilm, it’s measured to be untreatable. Till date, there are no reports or evidence of microbial resistance to honey, which suggests that it might be effective against long-lasting wound infections and resistant organisms that do not heal with regular antibiotic therapy. Additionally, manuka honey is used for skincare purposes as it helps reduce inflammation and irritation associated with acne. Consumers directly apply a thin layer of manuka honey to the affected area of the skin. The rising prevalence of diseases due to unhealthy lifestyle has increased the awareness regarding healthy diets and the prevention of health disorders such as diabetes, stroke, heart diseases, and obesity. An upsurge in the number of people suffering from celiac diseases results in the increasing demand for gluten free products. Consumers are becoming aware about the ill effects associated with gluten consumption; therefore, they are increasingly opting gluten-free products such as manuka honey. Therefore, all these factors are driving the growth of the manuka honey market.
Key Market Segments
Asia Pacific manuka honey market is segmented based on nature, type, and distribution channel Based on nature, the Asia Pacific manuka honey market based on nature is segmented into organic and conventional. The conventional segment accounted for the highest share in the market in 2020 and organic segment is expected to be fastest growing during forecast period. Based on type, is segmented into UMF 5+/MGO 83 mg/kg (ppm), UMF 10+/MGO 263 mg/kg (ppm), UMF 15+/MGO 514 mg/kg (ppm), and UMF 20+/MGO 829 mg/kg (ppm). The UMF 15+/MGO 514 mg/kg (ppm) segment accounted for the highest share in 2020 and UMF 20+/MGO 829 mg/kg (ppm) segment is expected to be the fastest growing during forecast period. Based on distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online stores and others. The supermarket/hypermarket segment accounted for the highest share in 2019 and online store segment is expected to be the fastest growing during forecast period.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on manuka honey market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 100% Pure New Zealand Honey; Arataki Honey; Comvita; Manuka Health; Oha Honey; Midlands Holdings; Capilano Honey Ltd; Streamland; Three Peaks Manuka Honey; and Wedderspoon Organic.
Reasons to buy report
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific manuka honey market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific manuka honey market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the manuka honey market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
ASIA PACIFIC MANUKA HONEY MARKET SEGMENTATION
Asia Pacific Manuka Honey Market – By Nature
- Organic
- Conventional
Asia Pacific Manuka Honey Market – 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)
Asia Pacific Manuka Honey Market – By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Asia Pacific Manuka honey Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia Pacific Manuka Honey Market Company Profiles
- 100% Pure New Zealand Honey
- Arataki Honey
- Comvita
- Manuka Health
- Oha Honey
- Midlands Holdings
- Capilano Honey Ltd
- Streamland
- Three Peaks Manuka Honey
- Wedderspoon Organic
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Asia Pacific Manuka Honey Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Manuka Honey Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Health Advantages Associated with Manuka Honey
5.1.2 Upraising Use of Manuka Honey for Medical Purposes
5.2 Market Restraints
5.2.1 Expensive Cost Associated with Manuka Honey
5.3 Market Opportunities
5.3.1 Potential Demand from Untapped Countries
5.4 Future Trends
5.4.1 Increasing Adoption of Self-Grooming Products
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Manuka Honey – Market Analysis
6.1 Manuka Honey Market Overview
6.2 Asia Pacific Manuka Honey Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Manuka Honey Market Analysis – By Nature
7.1 Overview
7.2 Asia Pacific Manuka Honey Market Breakdown, By Nature, 2019 & 2028
7.3 Organic
7.3.1 Overview
7.3.2 Organic: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
7.4 Conventional
7.4.1 Overview
7.4.2 Conventional: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Manuka Honey Market Analysis – By Type
8.1 Overview
8.2 Asia Pacific Manuka Honey Market Breakdown, By Type, 2019 & 2028
8.3 UMF 5+/MGO 83 mg/kg (ppm)
8.3.1 Overview
8.3.2 UMF 5+/MGO 83 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
8.4 UMF 10+/MGO 263 mg/kg (ppm)
8.4.1 Overview
8.4.2 UMF 10+/MGO 263 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028(US$ Million)
8.5 UMF 15+/MGO 514 mg/kg (ppm)
8.5.1 Overview
8.5.2 UMF 15+/MGO 514 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028(US$ Million)
8.6 UMF 20+/MGO 829 mg/kg (ppm)
8.6.1 Overview
8.6.2 UMF 20+/MGO 829 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028(US$ Million)
9. Asia Pacific Manuka Honey Market Analysis – By Distribution Channel
9.1 Overview
9.2 Asia Pacific Manuka Honey Market Breakdown, By Distribution Channel, 2019 & 2028
9.3 Supermarkets/ Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets/Hypermarkets: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
9.5 Online Stores
9.5.1 Overview
9.5.2 Online Stores: Asia Pacific l Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Manuka honey Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Manuka Honey Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Manuka Honey Market, by Key Country
10.1.1.1 Australia: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Manuka Honey Market, By Nature
10.1.1.1.2 Australia: Manuka Honey Market, By Type
10.1.1.1.3 Australia: Manuka Honey Market, By Distribution Channel
10.1.1.2 China: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Manuka Honey Market, By Nature
10.1.1.2.2 China: Manuka Honey Market, By Type
10.1.1.2.3 China: Manuka Honey Market, By Distribution Channel
10.1.1.3 Japan: Manuka Honey Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Japan: Manuka Honey Market, By Nature
10.1.1.3.2 Japan: Manuka Honey Market, By Type
10.1.1.3.3 Japan: Manuka Honey Market, By Distribution Channel
10.1.1.4 India: Manuka Honey Market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 India: Manuka Honey Market, By Nature
10.1.1.4.2 India: Manuka Honey Market, By Type
10.1.1.4.3 India: Manuka Honey Market, By Distribution Channel
10.1.1.5 South Korea: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Manuka Honey Market, By Nature
10.1.1.5.2 South Korea: Manuka Honey Market, By Type
10.1.1.5.3 South Korea: Manuka Honey Market, By Distribution Channel
10.1.1.6 Rest of Asia Pacific: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest Of Asia Pacific: Manuka Honey Market, By Nature
10.1.1.6.2 Rest Of Asia Pacific: Manuka Honey Market, By Type
10.1.1.6.3 Rest Of Asia Pacific: Manuka Honey Market, By Distribution Channel
11. Overview- Impact of Coronavirus Outbreak
11.1 Overview
11.2 Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
12. Company Profiles
12.1% Pure New Zealand Honey
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Arataki Honey
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Comvita
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Manuka Health
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Oha Honey
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Midlands Holdings
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Capilano Honey Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Streamland
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Three Peaks Manuka Honey
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Wedderspoon Organic
12.10.1 1.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Australia: Manuka Honey Market, By Nature –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Manuka Honey Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Manuka Honey Market, By Distribution Channel–Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Manuka Honey Market, By Nature –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Manuka Honey Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Manuka Honey Market, By Distribution Channel–Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan: Manuka Honey Market, By Nature –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Manuka Honey Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Manuka Honey Market, By Distribution Channel–Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Manuka Honey Market, By Nature –Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Manuka Honey Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Manuka Honey Market, By Distribution Channel–Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: Manuka Honey Market, By Nature –Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Manuka Honey Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Manuka Honey Market, By Distribution Channel–Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest Of Asia Pacific: Manuka Honey Market, By Nature –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest Of Asia Pacific: Manuka Honey Market, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Asia Pacific: Manuka Honey Market, by Distribution Channel–Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Manuka Honey Market Segmentation
Figure 2. Manuka Honey Market Segmentation – By Country
Figure 3. Asia Pacific Manuka Honey Market Overview
Figure 4. Conventional Segment Held Largest Share of Asia Pacific Manuka Honey Market
Figure 5. Supermarkets/Hypermarkets Segment Held Largest Share of Asia Pacific Manuka Honey Market
Figure 6. China Held Largest Share of Asia Pacific Manuka Honey Market
Figure 7. Asia Pacific Manuka Honey Market, Industry Landscape
Figure 8. Asia Pacific: PEST Analysis
Figure 9. Expert Opinion
Figure 10. Manuka Honey Market Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific: Manuka Honey Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific: Manuka Honey Market Revenue Share, By Nature (2019 and 2028)
Figure 13. Organic: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 14. Conventional: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific: Manuka Honey Market Revenue Share, by Type (2019 and 2028)
Figure 16. UMF 5+/MGO 83 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 17. UMF 10+/MGO 263 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 18. UMF 15+/MGO 514 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 19. UMF 20+/MGO 829 mg/kg (ppm): Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028(US$ Million)
Figure 20. Asia Pacific: Manuka Honey Market Revenue Share, By Distribution Channel (2019 and 2028)
Figure 21. Supermarkets/Hypermarkets: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 22. Convenience Stores: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 23. Online Stores: Asia Pacific Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)
Figure 24. Others: Manuka honey Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview of Asia Pacific Manuka Honey Market
Figure 26. Asia Pacific: Manuka Honey Market Revenue Share, by Key Country (2019 and 2028)
Figure 27. Australia: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
Figure 28. China: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
Figure 29. Japan: Manuka Honey Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Manuka Honey Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
Figure 32. Rest of Asia Pacific: Manuka Honey Market –Revenue And Forecast to 2028 (US$ Million)
- 100% Pure New Zealand Honey
- Arataki Honey
- Comvita
- Manuka Health
- Oha Honey
- Midlands Holdings
- Capilano Honey Ltd
- Streamland
- Three Peaks Manuka Honey
- Wedderspoon Organic
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific manuka honey market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific manuka honey market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the manuka honey market as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution