According to a recent research report published by MarkNtel Advisors, the Global Apiculture Market is expecting around 3.2% CAGR during 2022-27. The increasing consumer inclination toward bee products like honey, owing to their growing awareness about the significance & health benefits, is the prime aspect projected to drive the Global Apiculture Market in the forecast years. Governments of different countries worldwide are increasingly investing in promoting the beekeeping practice. More and more people are becoming aware of the anti-bacterial & anti-inflammatory characteristics of bee products & their positive effects on human health.
Consumers are also adopting Ayurveda products, which have extensive applications in several sectors like pharmaceutical, food & beverages, chemical & paints, cosmetics, etc. These industries are substantially investing in apiculture practices to meet the burgeoning consumer requirements for bee products as alternatives to sugar. As a result, these aspects are projecting lucrative growth opportunities for the global market through 2027, further states the research report, “Global Apiculture Market Analysis, 2022.”
Food & Beverage Sector to remain the Major Shareholder in the Global Apiculture Market
With mounting health concerns, especially after the Covid-19 pandemic, the leading food & beverage manufacturers worldwide are actively working on developing better sugar substitutes to meet the increasing consumer requirements for natural sweeteners. Since people are increasingly adopting organic meals & drinks with low-fat & low-calories, there's a burgeoning utilization of bee products like honey as a sweetener, which, in turn, is driving the Global Apiculture Market across the food & beverage sector.
With Active Government Support for Beekeeping in China, Asia-Pacific Dominates the Market
The rapidly expanding commercial honey producers across Asia-Pacific, owing to favorable policies by governments of countries like China & India, are the prime aspects driving the apiculture market in the region. China is the largest manufacturer & consumer of honey, with a large area & dense nectar sources. In the country, honey is the staple food, i.e., available more simply & extensively than sugar.
On the other hand, India has been a steadily growing market for apiculture over the previous years. The mounting consumer interest in health supplements and rapidly changing food habits are driving the honey consumption in the country. Moreover, honey, a prominent ingredient in India's pharmaceutical industry & Ayurveda, is used extensively to treat various respiratory infections, eye ailments, mouth sores, constipation, & fatigue, among others.
These two countries excessively export honey & other bee products to Europe & North America as they lack the resources required to execute apiculture practices. Hence, these aspects project profitable prospects for the market across Asia-Pacific over the forecast years, reveals MarkNtel Advisors in their research report, "Global Apiculture Market Analysis, 2022."
The leading players in the Global Apiculture Market include Alvéole, Arnold Honeybee Services, Beehive Botanicals, Beeswax from Beekeepers, Betterbee, Dabur, Mann Lake Bee & Ag Supply, Miller’s Honey Company, Pastili Limited, S?decki Bartnik, The Best Bees Company, and Tiwana Bee Farm.
Key Questions Answered in the Research Report