Global Apiculture Market to Reach $11.8 Billion by 2026

News provided by

Mar 23, 2022, 06:10 ET

SAN FRANCISCO, March 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Apiculture - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

Global Apiculture Market to Reach $11.8 Billion by 2026

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to our digital archives and MarketGlass Research Platform
Complimentary updates for one year

Edition: 7; Released: February 2022
Executive Engagements: 369
Companies: 142 - Players covered include Arnold Honeybee Services; Gospodarstwo Pasieczne "Sadecki Bartnik" sp. z o.o.; Beehive Botanicals Inc; Beeswax From Beekeepers; Betterbee; Burleson`s Honey; Dabur India Limited; Gloden bees Ltd; Mann Lake Ltd; Miller`s Honey Company; Seldom Fools Apiculture; Shandong Bokang Apiculture; Thomas Apiculture and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Honey, Beeswax, Other Product Segments); Application (Food & Beverage, Agriculture, Medical, Cosmetics, Other Applications)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Turkey; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

ABSTRACT-

Global Apiculture Market to Reach $11.8 Billion by 2026
Apiculture represents the practice of maintaining colonies of honey bees for obtaining different products, including honey, beeswax, propolis, royal jelly, honeydew and pollen among others. Demand for these bee products is continuously expanding worldwide because of the increased awareness among consumers about their beneficial features. Honey is now one of the main ingredients for the thriving natural foods industry. Honey has a variety of flavors and qualities because of which, it is used by a number of end-use industries besides food and beverages, including pharmaceutical, chemicals and personal care among others. Food and beverages has been the dominant end-user of bee products, especially honey, for long and would continue to be so for many more years to come. The industry uses honey as sweetening agent and for flavoring. With adverse effects of sugar sweeteners on health becoming more obvious demand for honey is increasing. Growing liking among consumers for low calorie, healthy and natural sweeteners is anticipated to help demand growth for honey from this end-user industry remain steady.

Growth in the global market is set to be fueled by strong demand for honey and other bee products demand worldwide combined with the factor of insufficient availability. Prominence for commercial beekeeping would increase as several new industries start using honey and other bee products. Cosmetic and medicinal uses of bee products would especially drive demand. Manuka, honey for instance, is fast gaining popularity for its antimicrobial, anti-inflammatory and antibacterial properties. New bee colonies are established constantly in all major producing countries for keeping up with the growing demand for bee products. Going forward, there would also be a stronger awareness about sustainable practices for bee keeping. Growing awareness about importance of bees for our ecosystem would compel breeders to practice sustainable methods such as maintaining native bee population, using top bar hives, giving more control to bees etc.

Amid the COVID-19 crisis, the global market for Apiculture estimated at US$10.3 Billion in the year 2022, is projected to reach a revised size of US$11.8 Billion by 2026, growing at a CAGR of 3.6% over the analysis period. Honey, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach US$11 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Beeswax segment is readjusted to a revised 3.1% CAGR for the next 7-year period. This segment currently accounts for a 7% share of the global Apiculture market.

The U.S. Market is Estimated at $1.2 Billion in 2022, While China is Forecast to Reach $2.8 Billion by 2026
The Apiculture market in the U.S. is estimated at US$1.2 Billion in the year 2022. The country currently accounts for a 12.02% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.8 Billion in the year 2026 trailing a CAGR of 4.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR while Rest of European market (as defined in the study) will reach US$2.9 Billion by the end of the analysis period. Both production and consumption of bee products has been growing at a strong pace in Asia-Pacific region. Consumers in the region are becoming more aware about the wellness and health benefits of bee products, especially honey. Asian countries are also major exporters of honey and other bee products to developed nations. China represents the largest honey producing nation, with a 30% share in the global production. Brazil also represents one of the important regions for apiculture. The nation produces high quality yields of different varieties of honey. Brazil is also known for producing honey that is GM-pollen free.

By Application, Food & Beverage Segment to Reach $4.7 Billion by 2026
Driven by rising levels of awareness and health concerns, F&B manufacturers are also increasingly seeking better alternatives to sugar, to meet sweetener requirements in mass-produced foods and beverages. Future growth in the market will be driven by growing demand from the food and beverage industry for meeting the increasing consumer preference for all-natural, organic, low-fat, and low-cal food and beverage products. In the global Food & Beverage (Application) segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.3 Billion will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$982 Million by the year 2026, while Latin America will expand at a 5.2% CAGR through the analysis period. More

MarketGlass™ Platform
Our MarketGlass™ Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include - enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

LINKS
Join Our Expert Panel
https://www.strategyr.com/Panelist.asp