The global medical grade honey market is anticipated to grow at a significant CAGR during the forecast period. Medical grade honey, also known as Manuka honey, is standardized through gamma irradiation, filtration, and lab-controlled conditions, making sure it is free from contaminants. A key antibacterial component of medical grade honey is a compound called methylglyoxal (MGO) that majorly comes from the exchange of another compound in this honey known as dihydroxyacetone (DHA). The honey most commonly in use today comes from bees that collect pollen from tea trees in New Zealand and Australia. The major property of this honey is that the absence of contamination, which makes it extremely vital in the process of wound healing.
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Rising incidence of accidents such as burns and injuries also requires an innovative solution such as medical grade honey, which in turn, is also driving the market growth. Geographically, the market in North America is anticipated to hold substantial growth opportunities majorly owing to the rising incidences of surgical and traumatic wounds. The major factor driving the market growth all over the globe includes its beneficial medicinal properties that expedite the healing process of wounds. For instance, the medical grade honey has antiviral, antibacterial, and anti-inflammatory properties that further enables the treatment of various ailments, including irritable bowel syndrome, gastric ulcers, periodontal disease and upper respiratory infections. Thus, the expanding applications of these honey in numerous medicinal conditions is anticipated to spur the market growth.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- Regions Covered- Globally
Competitive Landscape: Comvita, Nature’s Way and Australia’s Manuka, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Medical Grade Honey Market Report by Segment
By Product
- UMF 5+
- UMF 10+
- UMF 15+
- UMF 20+
- Others
By Application
- Ulcers
- Surgical Wounds
- Traumatic Wounds
A full report of Medical Grade Honey Market is available at: https://www.omrglobal.com/industry-reports/medical-grade-honey-market
Medical Grade Honey Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Comvita, Nature’s Way
- Australia’s Manuka
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