The global medical grade honey market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). 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.
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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
Global Medical Grade Honey Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
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