Apiculture Market - Forecast(2023 - 2028)

The global Apiculture market is estimated to be worth $8,819 million and is anticipated to further grow at a CAGR of 2.6%. The North America apiculture market generated $1,043.4 million in revenues in 2017. Increasing inclination towards healthy food, growing demand for sustainable living and environmental issues are the factors favoring the market growth. However, protection of bees and maintenance of their health are the restraining factors for Apiculture market. Based on products, live bees segment is likely to acquire the highest market share due to their importance in pollination in the agricultural fields.

Apiculture means ‘honey gatherer’. It plays an important role in the agriculture and are responsible for more than 30% of the world’s food supply by providing pollination in about 100 flowering plant species.  Apiculture includes maintenance of bee colonies for the collection of different products like honey, beeswax, propolis, flower pollen, bee pollen and royal jelly. These have satisfying number of applications in various industries and are constantly increasing in number due to the surging awareness on benefits of these products.

The various end users assessed includes Food & Beverages, Agriculture, Military, Medicine, and Cosmetic, Paints and Chemical and others. Propolis, which consists of a range of plant resins collected by the bees and used to seal holes in the hive, has been used for a variety of purposes. It is now known to have a diverse range of pharmacological properties, including anti-inflammatory, anti-oxidant, anti-bacterial, anti-fungal, anti tumour and some anti-viral properties. Royal Jelly is widely used as a food supplement, and whilst there is some evidence that Royal Jelly may have some cholesterol-lowering, anti-inflammatory, wound-healing, and antibiotic effects.

The companies referred to in the market research report includes Betterbee, Bartnik, Beehive Botanicals, Seldom Fools Apiculture, Miller’s Honey Company, Shandong Bokang Apiculture, Dabur India Limited, Arnold Honeybee, Chengdu Feng’s Apiculture, EURL Atlantic Apiculture, Thomas Apiculture and more 20 other companies.

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2017-2023.

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