Apiculture Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Apiculture Market
The apiculture market size was valued at USD 11.15 billion in 2023, and the market is now projected to grow from USD 11.75 billion in 2024 to USD 11.75 billion by 2032, exhibiting a CAGR of 5.90% during the forecast period of 2024-2032.
During the pandemic, the market for bee merchandise like honey and royal jelly saw big boom due to their perceived immune-boosting residences. Many believed that ingesting that apiculture via the usage of-merchandise could beautify their immune structures, driving up profits. According to the United States Department of Agriculture, honey consumption inside the U.S. Accelerated through the usage of 8% in 2021 in contrast to 2020. This surge in call for modified into largely attributed to clients viewing honey as a super food and a natural, healthy sweetener. This trend underscores the rising reputation of honey in health-conscious diets.
The beekeeping organization is experiencing increase pushed by using growing government useful resource in both advanced and growing international locations. Governments are improving recognition of apiculture by way of-products via new schemes and campaigns, leveraging virtual media have an impact on customers. For instance, in April 2023, the Ministry of Agriculture and Farmers Welfare held a workshop on upgrades inside the honey region beneath the National Beekeeping & Honey Mission. Additionally, events like the United Nations' World Bee Day in 2023, themed ""Bee engaged in pollinator-first-rate agricultural production,"" spotlight the importance of pollinators in improving the agrifood supply chain.
The cosmetics industry is increasingly the use of herbal elements, at the side of bee merchandise, due to their long-identified advantages. Manufacturers are that specialize in growing bee-product-based totally absolutely skincare objects to satisfy the decision for herbal substances. For instance, Gisou released their 'Honey Infused Hair Repair Serum' in September 2023 and 'Honey-Infused Lip Oil Shimmer Glow' in June 2023, both highlighting the nourishing and restorative homes of honey. The blessings of bee merchandise, like reduced dryness and advanced radiance, pressure their developing popularity in the cosmetics place.
Comprehensive Analysis of Apiculture Market
The apiculture market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by type analysis and by application analysis. By type analysis include, beeswax, honey, and royal jelly. By application analysis includes, pharmaceuticals, personal care & cosmetics, food & beverage, and others.
The Asia Pacific region lead the apiculture market share by benefitting a market size of USD 3.89 billion in 2023 due to the large honeybee diversity, long beekeeping history, and considerable number of managed honeybee colonies
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Capilano Honey Ltd. (Australia), Organic Bee Farms (U.S.), Dabur Ltd. (India), NOW Foods (U.S.), Koster Keunen LLC (U.S.), Barkman Honey (U.S.), Heavenly Organics (U.S.), Strahl & Pitsch Inc. (U.S.), Miller’s Honey (U.S.), Durham’s Bee Farm (U.S.), these market players provide a level-playing competitive landscape.
In August 2023, RAK Honey, a UAE-based premium honey brand, introduced their ‘Samar Honey’ to the U.K. market, offering a unique honey with an indulgent flavor, subtle sweetness, and a vast range of essential minerals and vitamins.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 5.90% from 2024 to 2032
Segmentation By Type
Honey
Beeswax
Royal Jelly
By Application
Food & Beverage
Pharmaceuticals
Personal Care & Cosmetics
Others
By Geography
North America (By Type, Application, and Country)
- U.S. (By Type)
- Canada (By Type)
- Mexico (By Type)
Europe (By Type, Application, and Country)
- Germany (By Type)
- France (By Type)
- U.K. (By Type)
- Spain (By Type)
- Poland (By Type)
- Rest of Europe (By Type)
Asia Pacific (By Type, Application, and Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Australia (By Type)
- Rest of Asia Pacific (By Type)
South America (By Type, Application, and Country)
- Brazil (By Type)
- Argentina (By Type)
- Chile (By Type)
- Rest of South America (By Type)
Middle East & Africa (By Type, Application, and Country)
- Saudi Arabia (By Type)
- Turkey (By Type)
- South Africa (By Type)
- Rest of the Middle East & Africa (By Type)
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