Honeysuckle Market Understanding the Key Product Segments and their Future 2017-2027
Honeysuckle is basically a shrub or vines and is a member of Lonicera family in terms of botanical classification. Honeysuckle is usually found in the Northern areas of Asia, Russia, Far East, far Northern Europe and Canada. About 100 i.e. majority of these species can be found in China. Honeysuckles are being known by other names like : Lonicera periclymenum, Lonicera japonica or Lonicera sempervirens. Honeysuckle has a wide range of application in various industries especially in Pharmaceutical and cosmetic industry. And it is high demand in regions like United States and New Zealand after getting to know about the health benefits associated with Honeysuckle
Honeysuckle Market: Segmentation:
The Honeysuckle is mainly segmented into source, form, types, end users and distribution.
On the basis of source, Honeysuckle market can be segmented into organic and convention source. Since it is being used as a prime ingredient for cosmetic and pharmaceutical industry, Honeysuckle’s organic source especially its extract, would have slightly higher value share as compared to its conventional source.
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On the basis of types, Honeysuckle can be segmented into Honeysuckle Vines and Honeysuckle Shrubs. Honeysuckle vines can be further sub segmented into Trumpet honeysuckle and Japanese honeysuckle. Due to large scale application of Japanese honeysuckle in pharmaceutical industry, the value share for Honeysuckle vines are higher as compared to honeysuckle shrubs.
On the basis of source, Honeysuckle market can be segmented into powder, liquid and capsule form. Among these forms, Honeysuckle in liquid and capsule form are being anticipated to have higher volume sales due to its large scale application in pharmaceutical industry.
On the basis of application, Honeysuckle market can be segmented into Retail, Pharmaceutical industry, and cosmetics industry. There are many medical benefits associated with Honeysuckle roots as well as its extract. Owing to its high valued benefits, Pharmaceutical industry is being anticipated to higher volume share as compared to other end users.
On the basis of distribution, Honeysuckle market can be segmented into direct and indirect. The Indirect segment can further be sub segmented into Modern Trade, Specialty Store, Medical Store and E-Retailers. Due to the easy availability of product facilitated in Modern and Medical Store, these kind of stores have higher share in terms of volume and value sales. Due to rising internet penetration in the recent past globally, distribution through E- Retailers is expected to surge the market.
Honeysuckle Market: Regional Outlook:
The global Honeysuckle market has been segmented into seven key regions including North America and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. Due to rising demand for Honeysuckle in United States and New Zealand, North America and Asia Pacific regions are being anticipated to have volume sales. When it comes to Asian countries, China has the highest value share for global honeysuckle market which could be attributed to large scale production of the product. Honeysuckle is the native to China.
Honeysuckle Market: Demand Driver:
Honeysuckle Market has its valuable application in pharmaceutical and cosmetics industry. In Pharmaceutical industry, Japanese honeysuckle has traditionally been used in the Chinese market to treat a number of health conditions. It is being traditionally being used in Chinese medicine to treat fevers, inflammation, diarrhea and skin infections. Honeysuckle can be used to treat skin rashes, such as poison oaks, cuts and abrasions on the skin. Honeysuckle stems are the preferred part of the plant to use in the treatment of skin care. Owing to the large scale application of Honeysuckle can help drive the market especially in pharmaceutical and cosmetic industries.
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Honeysuckle Market: Key Player:
Some of the key players in Honeysuckle Market are: Damin Foodstuff(Zhangzhou)Co.,Ltd. , Nutra Green Biotechnology Co.,Ltd., INDIA AROMA OILS AND COMPANY, India Essential Oils, The Bach Centre and various other companies.