UMF 15+/MGO 514 mg/kg (ppm) Segment to Dominate the Europe Manuka Honey Market during 2020-2028
According to this research study titled “Europe Manuka Honey Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Nature, Type, and Distribution Channel,” the market is expected to reach US$ 315.73 million by 2028 from US$ 195.75 million in 2019. The market is estimated to grow at a CAGR of 6.2% from 2020 to 2028. The report provides trends prevailing in the Europe manuka honey market along with the drivers and restraints pertaining to the market growth. Expanding use of manuka honey for medical purposes, health utility associated with manuka honey and uplifting adoption of self-grooming products are the major factor driving the growth of the manuka honey market. However, higher cost associated with manuka honey hinder the growth of manuka honey market.
In Europe, currently the France, Russia UK and Italy are the hardest-hit countries by the coronavirus pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by France, Spain, Russia, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Europe manuka honey market is segmented based on nature, type, and distribution channel Based on nature, the Europe manuka honey market based on nature is segmented into organic and conventional. The conventional segment accounted for the highest share in the market in 2019 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 2019 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.
100% Pure New Zealand Honey, Arataki Honey, Comvita, Manuka Health, Oha Honey, Midlands Holdings, Capilano Honey Ltd, Streamland, and Wedderspoon Organic are among some of the leading companies in the Europe manuka honey market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive express delivery market. For instance, manuka health is verified with the Non-GMO project to certify that every jar of manuka honey is GMO-free. The Non-GMO verified seal signifies the company's rigorous processes and commitment to high-quality and authentic manuka honey.
The report segments the Europe Manuka Honey Market as follows:
Europe Manuka Honey Market - By Nature
Europe Manuka Honey Market - By Type
Europe Manuka Honey Market - By Country
According to this research study titled “Europe Manuka Honey Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Nature, Type, and Distribution Channel,” the market is expected to reach US$ 315.73 million by 2028 from US$ 195.75 million in 2019. The market is estimated to grow at a CAGR of 6.2% from 2020 to 2028. The report provides trends prevailing in the Europe manuka honey market along with the drivers and restraints pertaining to the market growth. Expanding use of manuka honey for medical purposes, health utility associated with manuka honey and uplifting adoption of self-grooming products are the major factor driving the growth of the manuka honey market. However, higher cost associated with manuka honey hinder the growth of manuka honey market.
In Europe, currently the France, Russia UK and Italy are the hardest-hit countries by the coronavirus pandemic. It is estimated to suffer an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of coronavirus cases followed by France, Spain, Russia, and Germany. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
Europe manuka honey market is segmented based on nature, type, and distribution channel Based on nature, the Europe manuka honey market based on nature is segmented into organic and conventional. The conventional segment accounted for the highest share in the market in 2019 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 2019 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.
100% Pure New Zealand Honey, Arataki Honey, Comvita, Manuka Health, Oha Honey, Midlands Holdings, Capilano Honey Ltd, Streamland, and Wedderspoon Organic are among some of the leading companies in the Europe manuka honey market. The market players focus on new product innovations and developments in order to achieve sustainable growth and to distinguish themselves among competitors present in the highly competitive express delivery market. For instance, manuka health is verified with the Non-GMO project to certify that every jar of manuka honey is GMO-free. The Non-GMO verified seal signifies the company's rigorous processes and commitment to high-quality and authentic manuka honey.
The report segments the Europe Manuka Honey Market as follows:
Europe Manuka Honey Market - By Nature
- Organic
- Conventional
Europe 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)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Europe Manuka Honey Market - By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Frequently Asked Questions about the European Manuka Honey Market
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Report Attribute | Details |
---|---|
No. of Pages | 117 |
Published | June 2021 |
Forecast Period | 2020 - 2028 |
Estimated Market Value ( USD | $ 195.75 Million |
Forecasted Market Value ( USD | $ 315.73 Million |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Europe |
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Manuka Honey Market Landscape
5. Europe Manuka Honey Market - Key Market Dynamics
6. Europe Manuka Honey - Market Analysis
7. Europe Manuka Honey Market Analysis - By Nature
8. Europe Manuka Honey Market Analysis - By Type
9. Europe Manuka Honey Market Analysis - By Distribution Channel
10. Manuka Honey Market - Country Analysis
11. Overview- Impact of Coronavirus Outbreak
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- 100% Pure New Zealand Honey
- Arataki Honey
- Comvita
- Manuka Health
- Oha Honey
- Midlands Holdings
- Capilano Honey Ltd
- Streamland
- Wedderspoon Organic