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South America 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)

Code: TIPRE00023023 | Pages: 103 | Industry: Food and Beverages | Date: Jun 2021
Covid

Market Introduction

The SAM region consists of several developed and developing economies, such as Brazil, Argentina, and the rest of South and Central America. The region is contributing to the growth of manuka honey in relation to the rising health consciousness among the consumers. Growing expenditure on nutrition and health, rising disposable income, and the health benefits associated with manuka honey are among the key factors driving the growth of the manuka honey market in South and Central America. Moreover, rising investments by major players to optimize the supply chain and improve operations are expected to boost the manuka honey market growth in the coming years.

Brazil has the highest number of COVID-19 cases, followed by Argentina, Chile, Peru, and Ecuador among others. The government of South and Central America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the U.S, which are important trade partners. Containment measures in several countries of South and Central America have reduced economic activity in the food and beverages sector for at least the next quarter, with a rebound once the epidemic is contained.Furthermore, the ongoing pandemic has drastically altered the status of the manuka honey industry and has negatively impacted the growth of the market. The COVID-19 outbreak has distorted operational efficiency and disrupted the value chains due to the sudden closure of national and international boundaries, creating revenue loss and damage. The disruptive value chain has had a negative impact on raw material supply, which, in turn, is impacting the growth of the manuka honey market. However, as the economies are planning to revive their operations, the demand for manuka honey is expected to rise globally. Although the focus over just-in-time production is another concerning factor hindering market growth. With the growing consciousness towards health amongst consumers and diversification of application bases in post-pandemic times, the demand for manuka honey is expected to take huge leaps.

Market Overview and Dynamics

The manuka honey market in South America is expected to US$ 39.62 million by 2028 from US$ 26.81 million in 2020. The market is estimated to grow at a CAGR of 5.0% from 2020 to 2028. Researchers and pharmacists worldwide are working to discover the potentials of manuka honey in pharmaceutical formulations due to the improved functionalities and applicability of manuka honey. The importance of organic products has been understood in the wake of alarming health issues coupled with rising consciousness about organic certifications and preference for high-quality products. The antibacterial properties of manuka honey make it a perfect component for medicinal use. Moreover, it is used as a natural ointment for all kinds of injuries and has been recognized as a go-to virus fighter in an age of resistance to traditional antibiotics. Manuka honey medicinal products are available in the form of tubes, tablets, capsules, soft gels, and gummies, among others. These medicinal products can treat various health-related issues, such as prevention from acne, sinus, sore throat, and treatment of a broad spectrum of surgical and chronic wounds. Other advantages of manuka honey include clearing infections, clearing up blemishes on skin, helping heal cuts and scrapes, easing stomach aches, boosting the immune system, providing energy, and improving digestion. The manuka honey is possibly the most stimulating medical-grade products used in hospitals to skin infections and heal wounds, mainly those non-responsive to standard treatments such as bacteria that are resilient to antibiotics. Rising antibiotic resistance is currently one of the world's most prevailing human health issues. Consumer’s changing lifestyle, rising health concerns, increasing healthcare costs, and growing preference for a fit and active lifestyle are the key factors driving the demand for the manuka honey for medical purposes. Therefore, the robust application of manuka honey in almost all health conditions coupled with increasing consumer preference for honey to achieve an active and disease-free life, is anticipated to propel the demand for manuka honey in the coming years.

Key Market Segments

South America manuka honey market is segmented based on nature, type, and distribution channel Based on nature, the South America 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 2020 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 South America 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; Capilano Honey Ltd; Streamland; 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 South America 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 South America 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 South America 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  

 

SOUTH AMERICA MANUKA HONEY MARKET SEGMENTATION

South America Manuka Honey Market – By Nature

  • Organic
  • Conventional

 

South America 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)

 

South America Manuka Honey Market – By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

 

South America Manuka honey Market – By Country

  • Brazil
  • Argentina
  • Rest of SAM

South America Manuka Honey Market Company Profiles

  • 100% Pure New Zealand Honey      
  • Arataki Honey                                     
  • Comvita                                               
  • Manuka Health                                   
  • Oha Honey                                          
  • Capilano Honey Ltd                           
  • Streamland
  • 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.          South America Manuka Honey Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Expert Opinion

5.          South America Manuka Honey Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Health Advantages Associated with Manuka Honey

5.1.2        Widening Use of Manuka Honey for Medical Purposes

5.2        Market Restraints

5.2.1        Excessive Prices Associated with Manuka Honey

5.3        Market Opportunities

5.3.1        Potential Demand from Untapped Countries

5.4        Future Trends

5.4.1        Improving Adoption of Self-Grooming Products

5.5        Impact Analysis of Drivers and Restraints

6.          South America Manuka Honey – Market Analysis

6.1        Manuka Honey Market Overview

6.2        Manuka Honey Market –Revenue and Forecast To 2028 (US$ Million)

7.          South America Manuka Honey Market Analysis – By Nature

7.1        Overview

7.2        South America Manuka Honey Market Breakdown, By Nature, 2019 & 2028

7.3        Organic

7.3.1        Overview

7.3.2        Organic: South America Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

7.4        Conventional

7.4.1        Overview

7.4.2        Conventional: South America Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

8.          South America Manuka Honey Market Analysis – By Type

8.1        Overview

8.2        South America 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): South America 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): South America 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): South America 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): South America Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

9.          South America Manuka Honey Market Analysis – By Distribution Channel

9.1        Overview

9.2        South America Manuka Honey Market Breakdown, By Distribution Channel, 2019 & 2028

9.3        Supermarkets/ Hypermarkets

9.3.1        Overview

9.3.2        Supermarkets/Hypermarkets: South America Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

9.4        Convenience Stores

9.4.1        Overview

9.4.2        Convenience Stores: South America Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

9.5        Online Stores

9.5.1        Overview

9.5.2        Online Stores: South America 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.       South America Manuka Honey Market – Country Analysis

10.1      Overview

10.1.1     SAM: Manuka Honey Market, By Key Country

10.1.1.1       Brazil: Manuka Honey Market – Revenue And Forecast to 2028 (Us $ Mn)

10.1.1.1.1       Brazil: Manuka Honey Market, By Nature

10.1.1.1.2       Brazil: Manuka Honey Market, By Type

10.1.1.1.3       Brazil: Manuka Honey Market, By Distribution Channel

10.1.1.2       Argentina: Manuka Honey Market – Revenue And Forecast to 2028 (US $ Mn)

10.1.1.2.1       Argentina: Manuka Honey Market, By Nature

10.1.1.2.2       Argentina: Manuka Honey Market, By Type

10.1.1.2.3       Argentina: Manuka Honey Market, By Distribution Channel

10.1.1.3       Rest Of SAM: Manuka Honey Market – Revenue And Forecast to 2028 (US $ Mn)

10.1.1.3.1       Rest Of SAM: Manuka Honey Market, By Nature

10.1.1.3.2       Rest OF SAM: Manuka Honey Market, BY Type

10.1.1.3.3       Rest Of SAM: Manuka Honey Market, By Distribution Channel

11.       Overview- Impact of Coronavirus Outbreak

11.1      Overview

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      Capilano Honey Ltd

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      Streamland

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      Wedderspoon Organic

12.8.1     1.10.1 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

13.       Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.            Brazil: Manuka Honey Market, By Nature –Revenue And Forecast to 2028 (US$ Million)

Table 2.            Brazil: Manuka Honey Market, By Type –Revenue And Forecast To 2028 (US$ Million)

Table 3.            Brazil: Manuka Honey Market, By Distribution Channel–Revenue And Forecast To 2028 (US$ Million)

Table 4.            Argentina: Manuka Honey Market, By Nature –Revenue And Forecast to 2028 (US$ Million)

Table 5.            Argentina: Manuka Honey Market, By Type –Revenue And Forecast to 2028 (US$ Million)

Table 6.            Argentina: Manuka Honey Market, By Distribution Channel–Revenue And Forecast to 2028 (US$ Million)

Table 7.            Rest Of SAM: Manuka Honey Market, B Nature –Revenue and Forecast to 2028 (US$ Million)

Table 8.            Rest OF SAM: Manuka Honey Market, BY Type –Revenue and Forecast to 2028 (US$ Million)

Table 9.            Rest Of SAM: Manuka Honey Market, By Distribution Channel–Revenue and Forecast to 2028 (US$ Million)

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           South America Manuka Honey Market Segmentation

Figure 2.           South America Manuka Honey Market Segmentation – By Country

Figure 3.           South America Manuka Honey Market Overview

Figure 4.           Conventional Segment Held Largest Share of South America Manuka Honey Market

Figure 5.           Brazil Held Largest Share of South America Manuka Honey Market

Figure 6.           South America Manuka Honey Market, Industry Landscape

Figure 7.           South & Central America: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Manuka Honey Market Impact Analysis of Drivers and Restraints

Figure 10.        South America: Manuka Honey Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        SAM: Manuka Honey Market Revenue Share, By Nature (2019 and 2028)

Figure 12.        Organic: SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Conventional: SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 14.        SAM: Manuka Honey Market Revenue Share, By Type (2019 and 2028)

Figure 15.        UMF 5+/MGO 83 mg/kg (ppm): SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 16.        UMF 10+/MGO 263 mg/kg (ppm): SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 17.        UMF 15+/MGO 514 mg/kg (ppm): SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 18.        UMF 20+/MGO 829 mg/kg (ppm): SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 19.        SAM: Manuka Honey Market Revenue Share, By Distribution Channel (2019 and 2028)

Figure 20.        Supermarkets/Hypermarkets: SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Convenience Stores: SAM Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Online Stores: South America Manuka Honey Market, Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Others: Manuka honey Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Geographic Overview of South America Manuka Honey Market

Figure 25.        SAM: Manuka Honey Market Revenue Share, By Key Country (2019 and 2028)

Figure 26.        Brazil: Manuka Honey Market – Revenue And Forecast to 2028 (US $ Mn)

Figure 27.        Argentina: Manuka Honey Market – Revenue And Forecast to 2028 (US $ Mn)

Figure 28.        Rest Of SAM: Manuka Honey Market – Revenue And Forecast to 2028 (US $ Mn)

Figure 29.        Impact of COVID-19 Pandemic in South and Central America Country Markets

  1. 100% Pure New Zealand Honey      
  2. Arataki Honey                                     
  3. Comvita                                               
  4. Manuka Health                                   
  5. Oha Honey                                          
  6. Capilano Honey Ltd                           
  7. Streamland 
  8. Wedderspoon Organic       
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America 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 South America 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 South America 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  

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