Market Definition
Apiculture or beekeeping is maintaining honey bees for the production of honey & several other bee products like beeswax, honeycomb, royal jelly, propolis, etc., which are used extensively across multiple industries. With the rising awareness among consumers about the various health benefits of these products, their utilization is continuously expanding worldwide.
Market Insights
The Global Apiculture Market is projected to grow at a CAGR of around 3.2% during the forecast period, i.e., 2022-27. The market growth is driven primarily by the mounting awareness among people about the various health benefits of bee products and their increasing inclination toward organic, all-natural, & nutritious food products. Besides, increasing government support across different countries worldwide with massive investments in promoting beekeeping is also driving the global market.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) | 3.2% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, France, Italy, UK, Russia | |
| Asia-Pacific: China, India, Japan, South Korea, Australia | |
| South America: Brazil | |
| Middle East & Africa: Saudi Arabia, Israel, Turkey | |
| Key Companies Profiled | Alvéole, Arnold Honeybee Services, Beehive Botanicals, Beeswax From Beekeepers, Betterbee, Dabur, Mann Lake Bee & Ag Supply, Miller’s Honey Company, Pastili Limited, Sadecki Bartnik, The Best Bees Company, Tiwana Bee Farm, Others |
| Unit Denominations | USD Million/Billion |
With shifting consumer preference toward Ayurveda products, the demand for honey & other bee products has significantly increased globally. These products have a wide range of applications across many industries like food & beverages, cosmetics, agriculture, chemical & paints, pharmaceutical, etc., which are investing substantially in apiculture practices to meet the burgeoning consumer requirements.
Moreover, the rising awareness about the health benefits of honey owing to its anti-microbial & anti-inflammatory properties has made it immensely popular worldwide. As a result, it is being used increasingly as a substitute for sugar or other artificial sweeteners, which, in turn, is fueling the overall market growth.
Furthermore, bee products, especially honey, are also rich in antioxidants that help lower blood pressure levels, which leads to a reduced risk of heart attacks, strokes, & other cardiovascular diseases. Hence, the worldwide recognition of these health benefits associated with honey consumption projects profitable opportunities for the Global Apiculture Market in the coming years.
