![South America 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/11435/11435086_500px_jpg/south_america_manuka_honey_market.jpg)
Online Store to be the Fastest Growing Segment in the South America Manuka Honey Market during 2020-2028
According to this research study titled “South America 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$ 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. The report provides trends prevailing in the South America manuka honey market along with the drivers and restraints pertaining to the market growth. Improving adoption of self-grooming products, Potential Demand from Untapped Countries and widening use of manuka honey for medical purposes 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.
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.
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 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, Capilano Honey Ltd; Streamland, and Wedderspoon Organic are among some of the leading companies in the South America 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 South America Manuka Honey Market as follows:
South America Manuka Honey Market - By Nature
South America Manuka Honey Market - By Type
South America Express Delivery Market - By Country
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.
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 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, Capilano Honey Ltd; Streamland, and Wedderspoon Organic are among some of the leading companies in the South America 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 South America Manuka Honey Market as follows:
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)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Stores
- Others
South America Express Delivery Market - By Country
- Brazil
- Argentina
- Rest of SAM
Table of Contents
1. Introduction
3. Research Methodology
4. South America Manuka Honey Market Landscape
5. South America Manuka Honey Market - Key Market Dynamics
6. South America Manuka Honey - Market Analysis
7. South America Manuka Honey Market Analysis - By Nature
8. South America Manuka Honey Market Analysis - By Type
9. South America Manuka Honey Market Analysis - By Distribution Channel
10. South America 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
- Capilano Honey Ltd
- Streamland
- Wedderspoon Organic
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 103 |
| Published | June 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 26.81 Million |
| Forecasted Market Value ( USD | $ 39.62 Million |
| Compound Annual Growth Rate | 5.0% |
