Medical Manuka Honey Market Scope
Medical manuka honey is made by the bees that pollinate leptospermum scoparium also known as tea tree. This honey contain Hydrogen peroxide, methylglyoxal, dihydroxyacetone this found in Manuka flowers with higher concentration. These all components give Manuka honey its medical properties such as antiviral, antibacterial. This honey used for skin care also as a first aid. This honey classified according three major factors such k-factor, MGO system and UMF System. New Zealand is major manufacturer of medical manuka honey. Increasing demand for this honey for skin care and other health care condition give drive to the medical manuka honey market
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Comvita Limited (New Zealand), Manukora Limited (New Zealand), Wedderspoon Organic (United States), Happy Valley Honey (New Zealand), Arataki Honey (New Zealand), Pacific Resources International, Inc. (United States), New Zealand Honey Co. (New Zealand), Steens Honey (New Zealand), Manuka Doctor Ltd (United Kingdom), Wildcape Manuka Honey (New Zealand) and Kiva (United States) |
CAGR | % |
Medical manuka honey market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Comvita Limited (New Zealand), Manukora Limited (New Zealand), Wedderspoon Organic (United States), Happy Valley Honey (New Zealand), Arataki Honey (New Zealand), Pacific Resources International, Inc. (United States), New Zealand Honey Co. (New Zealand), Steens Honey (New Zealand), Manuka Doctor Ltd (United Kingdom), Wildcape Manuka Honey (New Zealand) and Kiva (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Manuka Honey market by Type , by Application (Healthcare, Skin Care Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Medical Manuka Honey has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
In September 15, 2021, Manuka Honey brand launched newest product line, Manuka Honey Digestive Gummies for health-conscious consumers. This offer two Digestive line such as tropical and berry. These gummies are proprietary mix of prebiotics + DE111 Probiotic plus premium chamomile and ginger to sooth and support optimal digestion while the Berry Gummies are made with Elderberry and DE111 Probiotic for digestive and immune support. This launch helped Manuka Honey brand to expand its presence in medical manuka honey market
Influencing Trend:
Increasing Awareness in Consumers about Health Benefits of Medical Manuka Honey
Market Growth Drivers:
Increasing Demand for Medical Manuka Honey in Skin Care for Eczema and Dermatitis, Growing Demand for Medical Manuka Honey for Its Digesting Health Benefits and Surge for Medical Manuka Honey for Its Antiviral and Antibacterial Property
Challenges:
Show Interactions with Chemotherapy Drug and Others Medication
Restraints:
High Consumption Leads to Increasing Blood Sugar and Increasing Incidence for Health Allergy
Opportunities:
Increasing Research on Medical Manuka Honey for Its Medical Property and Pair It Up with Other Treatment Such as Microneedles
Key Target Audience
Medical Manuka Honey Manufacturers, Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others