Apiculture Market Forecast and CAGR
According to latest research by Fact.MR, Apiculture market is set to witness steady growth during 2021-2031. Demand for apiculture will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Use of these products in cosmetic, pharmaceutical and polishing sector will provide momentum to this market. According to research this market is growing with the significant CAGR.
What is Driving Demand for Apiculture?
Shifting preference of consumers towards Ayurveda products, demand of honey and honey-based products has increased. Evolving end-user demand for organic, natural and chemical free products drives this market. These products have the huge presence globally due to wide range of applications of these products, useful in various end-use industries such as cosmetic, food and beverages, polishing, pharmaceutical, manufacturing, etc.
The primary products of apiculture are honey and wax but pollen, venom, royal jelly, propolis, bees, queens and their larvae are also very useful bee products. Honey can be the best cure for various health and body regarding problems such as cough, heal burns, ulcers, blood sugar, etc. Due to anti-bacterial & probiotic properties honey is used to make different cosmetic products, medicines, soaps, etc.
Bee venom is an indispensable ingredient which is used to cure bee sting also venom is used to treatment problems like rheumatism and arthritis. Honey helps to reduce ingestion, acidity, lower risk of heart disease and boost immunity; glowing skin has triggered this market. Due to various applications of these products in medical industry has triggered this market which is also estimated to augment the market growth.
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Wide Range of Products Applications Likely to Augment Apiculture Sales
Honey, Beeswax, Honey Dew, Bee Bread, Propolis, Royal Jelly, Bee Venom are the key ingredients of this market which have wide use in cosmetic and pharmaceutical industry. Honey is used as a carrier in Ayurveda and acts as a laxative and helps to prevents cough, cold, etc.
Honey is used to improve digestion, anxiety, reduce weight, treatment for acne cure and others. Honey can be used as sweetener in organic products, pollen is a good source of the vitamins and proteins, propolis consists natural antibiotics which are used to make cosmetic and anti-aging products, and royal jelly is the nutrition rich diet for elders. Venom is to cure bee sting and also effective for AIDS.
US and Canada Apiculture Market Outlook
US is one of the strongest markets for apiculture products globally. The US apiculture market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031.
Production and supply of these products depends on weather, climate, etc., North America has not suitable weather condition for this market but demand of these products in US and Canada will be led by cosmetic and food and beverages industries.
According to the production of hives Asia pacific countries are leading globally. US is the main importer of these products from the Asia Pacific countries like India and China. It is expected that in US consumption of honey and other products are very high compare to production due to health-conscious consumers and millennials whose main attraction is anti-aging and cosmetic products.
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Europe Demand Outlook for Apiculture
Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, food products, alcohol beverages, medicines and cosmetic products are continuing to drive demand for this market.
Europe is expected to be leading market of the apiculture products. It is expected that consumption of these products is more than the production in the Europe. To meet the demand of the consumers and for other industries requirement Europe import these products from the Asia Pacific region.
One of the key factors supplementing this market growth includes a growing awareness of the benefits associated with the consumption of honey. According to the National Institutes of Health, honey is rich in antioxidants and those antioxidants have the ability to help lower blood pressure in consumers, leading to reduced risk of heart attack, stroke, and other cardiovascular diseases.
Who are the Key Manufacturers and Suppliers of Apiculture Product?
Some of the leading manufacturers and suppliers of this products are include Nature's Nectar
- Wild Forest Honey
- Forest Essentials
- Betterbee Inc.
- Miller's Honey Company
- Dabur India Limited
- Shangdong Bokang Apiculture Co. Ltd.
- Beehive Botanicals Inc.
- Thomas Apiculture SAS
- Mann Lake Ltd.
- Arnold Honeybee
- KOKANDO Co. Ltd.
- Kondo Honey Factory Co.
- Ruihe Industrial Holding Ltd.
- Kondo Honey Factory Co. Ltd.
- Xiamen Bona Industry Co. Ltd.
- and NAMKWANGFOOD CO. LTD.
Many leading manufacturers and suppliers have longstanding contracts with end-users to supply these products. Changed eating habits, lifestyle of the consumers, increasing number of health-conscious consumers, key payers also have changed the way to produce products, invent new technics to increase production rate and hence, can meet the demand of the consumers.
An Adaptive Approach to Modern-day Research Needs
Apiculture Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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By Product Type
- Liquid honey
- Comb honey
- Creamed honey
- Floral honey
- Honey Dew
- Bee Bread
- Bee Venom / Apitoxin
- Royal Jelly
- Propolis / Bee glue
- Food & beverages
- Alcoholic beverages
- Non-Alcoholic beverages
By Distribution channel
- Business to Business
- Business to Consumer
- Hypermarkets / Supermarket
- Specialty Stores
- Convenience Stores
- Online Retail
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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