Global Apiculture Market Insights Forecasts to 2032
- The Global Apiculture Market Size was valued at USD 11.5 Billion in 2022.
- The market is growing at a CAGR of 4.9% from 2022 to 2032
- The global Apiculture Market is expected to reach USD 16.4 billion by 2032
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Apiculture Market Size is expected to reach USD 16.4 billion by 2032, at a CAGR of 16.4% during the forecast period 2022 to 2032.
Apiculture is the Latin term for a honey gatherer. It plays a significant role in agriculture and is responsible for pollinating over 100 types of flowering plants, which together produce more than 30% of the world's food. Apiculture is the feeding and maintenance of bee colonies in order to harvest a variety of products, including honey, royal jelly, propolis, flower pollen, and bee pollen.
Impact Of COVID 19 On Global Apiculture Market
The COVID 19 pandemic has disrupted the supply chain with processing plants closing owing to lockdown. Apart from this, restrictions in transportation, shortages of labour, and closure of international borders have affected the growth of the market. Not only this but also there has been a significant rise in the demand for the apiculture products, especially honey. People who are in search of healthier alternatives to sugar usually prefer honey because it helps in boosting the immunity of the apiculture sectors. Furthermore, the key market players involved in the apiculture market have a chance in capitalizing on the demand, supplier should also ensure consistent supply of products. Hence, COVID 19 is anticipated to do huge impact on the overall apiculture market.
Key Market Drivers
Most of the people across the world have started shifting towards the use of Ayurvedic product since the past few years. This factor is going to increase the demand for honey and some other products that are produced by using honey. The products that are produced with the help of Apiculture are highly used in various Industries such as chemical and paints, Pharmaceuticals, cosmetics, agriculture, food and beverages, and others. The companies involved in this industries have started investing in Apiculture practices in order to meet the increasing requirement of the consumers. Not only this but also the requirement of natural, chemical-free, and organic product are constantly increasing by different end users. This type of product are easily available across the world due to the increasing application. Wax and honey are the important products that are produced through Apiculture. Honey is widely used due to it's different benefits such as it helps to cure different health issues such as ulcers, blood sugar, and cough. Mode of word it helps in reducing acidity, improves immunity, lowers the risk of heart disease, and offers glowing skin which is going to increase the demand in the Global market.
Over the past few years, consumer have started gaining awareness related to different health benefits of honey waste products. This is why they are inclined towards the use of organic and nutritious food products. Further mod the increasing Government support from various countries across the world with higher investment in order to promote beekeeping is anticipated to increase the sales opportunities for Apiculture.
Global Apiculture Market Report Coverage
|Market Size in 2022:||USD 11.5 Billion|
|Forecast Period:||2022 - 2032|
|Forecast Period 2022 - 2032 CAGR:||4.9%|
|2032 Value Projection:||USD 16.4 Billion|
|Historical Data for:||2018 - 2021|
|No. of Pages:||212|
|Tables, Charts & Figures:||125|
|Segments covered:||By Product, By End Use, By Region|
|Companies Covered:||Betterbee, Dabur India Ltd., Miler’s Honey company, Thomas Apiculture, Georgia Honey Farm, ClearSkys, Beehive Botanicals, Bartnik, EURL Atlantic Apiculture & other.|
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Key Market Challenges
The market opportunities in the Apiculture market is hampered due to the rising adulteration in honey. Not only this but also the decrease in the number of beehives and beekeepers are also going to decrease the growth opportunities of the Global Apiculture market. In order to maintain the purity of the honey the market players need to invest lot of amount which is going to provide direct impact on the cost of honey that reduces the sales opportunities. Apart from this lack of efficient and advanced equipment which is used in the Apiculture process is anticipated to affect the manufacturing process of quality products.
Honey segment is dominating the market with the largest market share over the forecast period
Based on the product, the global apiculture market is segmented into honey, honey dew, beeswax. Among these, honey segment is dominating the market with the largest market share over the forecast period. The growth is attributed to the increasing awareness among the consumers related to the harmful impact of sugar on the overall health of human beings. Apart from this increasing awareness among people also results into rise in the demand for honey as an effective substitute to artificial sweetners in different end use industries. Some of the key features of honey such as excellent antioxidant, antibacterial and anti inflammatory properties with higher shelf life are going to increase the adoption at an alarming rate. Honey is widely used in jams, jellies, cereals, beverages, processed foods, and spreads. Hence, all these factors ae anticipated to increase its sales across the world.
Food and Beverages segment holds the highest market share over the forecast period
On the basis of application, the global apiculture market is segmented into cosmetics, agriculture, pharmaceuticals, industrial, food and beverages. Food and beverages segment holds the highest market share over the forecast period. The key manufacturers involved in the food and beverages industry have shifted towards the use of better alternatives to sugar in order to meet the requirements. Apart from this the increasing inclination of the consumers to opt for calorie and low fat meals, confectionery items, organic baked products, and drinks is anticipated to play an important role to increase the consumption of honey in the form of sweetner and flavouring agent. Apart from this the increasing demand for honey in the pharmaceutical industry for manufacturing liquid food supplement and cough syrup is anticipated to drive the demand of the segment.
North America is dominating the market with the largest market share over the forecast period
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North America is dominating the Apiculture market over the forecast period. The growth of the market is attributed to the rising consumption oof bee products, specifically honey by people staying in the country due to the increasing awareness about their health benefits.
Asia Pacific, on the other hand is anticipated to witness the fastest market growth over the forecast period. The world's largest producer of honey is China. The world's largest beekeeping, exporter of honey, and consumer of honey is China. China exports propolis, honey, and other apiculture-related goods to Japan, the United States, Europe, and other Asian nations. Due to its unusual texture, best described as "gunk," the chemical-free product has been gaining appeal as a natural balm throughout the Asia-Pacific area. The combination of pine resin, wax flakes, and pollen that bees gather and carry to the hive, where customers purchase the product in convenient little bottles, gives the texture.
Recent Market Developments
- In September 2022, Amul Honey has introduced an item of GCMMF and this initiative is under the cooperation with NBB.
- Hilltop has introduced an original apiculture lip balm which comprises of natural emulsifiers that helps in hydrating lips and provide protection from UV rays.
List of Key Companies
- Dabur India Ltd.
- Miler’s Honey company
- Thomas Apiculture
- Georgia Honey Farm
- Beehive Botanicals
- EURL Atlantic Apiculture
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Apiculture Market based on the below-mentioned segments:
Apiculture Market, Product Analysis
Apiculture Market, Application Analysis
- Food and Beverages
Apiculture Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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