![Asia Pacific Manuka Honey Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Nature, Type [UMF 5+/MGO 83 mg/kg, UMF 10+/MGO 263 mg/kg, UMF 15+/MGO 514 mg/kg, and UMF 20+/MGO 829 mg/kg], and Distribution Channel- Product Image](http://www.researchandmarkets.com/product_images/11435/11435081_500px_jpg/asia_pacific_manuka_honey_market.jpg)
Supermarkets/Hypermarkets Segment to Dominate the Asia Pacific Manuka Honey Market during 2020-2028
According to this research study titled “Asia Pacific 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$ 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. The report provides trends prevailing in the Asia Pacific manuka honey market along with the drivers and restraints pertaining to the market growth. Potential demand from untapped countries, increasing adoption of self-grooming products and health advantages associated with manuka honey are the major factor driving the growth of the manuka honey market. However, high cost associated with manuka honey hinder the growth of manuka honey market.
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.
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 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, Three Peaks Manuka Honey, and Wedderspoon Organic are among some of the leading companies in the Asia Pacific 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 Asia Pacific Manuka Honey Market as follows:
Asia Pacific Manuka Honey Market - By Nature
Asia Pacific Manuka Honey Market - By Type
Asia Pacific Manuka Honey Market - By Country
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.
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 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, Three Peaks Manuka Honey, and Wedderspoon Organic are among some of the leading companies in the Asia Pacific 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 Asia Pacific Manuka Honey Market as follows:
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)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
Asia Pacific Manuka Honey Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Manuka Honey Market Landscape
5. Asia Pacific Manuka Honey Market - Key Market Dynamics
6. Asia Pacific Manuka Honey - Market Analysis
7. Asia Pacific Manuka Honey Market Analysis - By Nature
8. Asia Pacific Manuka Honey Market Analysis - By Type
9. Asia Pacific Manuka Honey Market Analysis - By Distribution Channel
10. Asia Pacific Manuka Honey Market - Country Analysis
11. Overview- Impact of Coronavirus Outbreak
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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 Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 121 |
| Published | June 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 293.49 Million |
| Forecasted Market Value ( USD | $ 451.93 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Asia Pacific |
