Apiculture Market is forecasted to reach a value of US$ 15.3 billion by 2032

The global apiculture market (Marché apicole) is valued at US$ 10.3 billion in 2022 and is expected to grow to US$ 15.3 billion by the end of 2032. Global market for apiculture products is expected to grow at a 4% CAGR until 2032.

Bee venom, royal jelly, propolis, bee bread, honey dew, beeswax, and honey are some essential components on the market that are commonly employed in the pharmaceutical and cosmetic industries. Furthermore, honey is utilised as a carrier in Ayurveda, preventing colds, coughs, and other ailments, as well as acting as a laxative. Honey is used to treat acne, lose weight, reduce anxiety, and enhance digestion, among other things. The substance is also used as a sweetener in many organic products. Furthermore, pollen is a good source of protein and vitamins.

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Propolis consists of natural antibiotics that are used commonly to make anti-aging and cosmetic products. Elders use royal jelly as a nutrition-rich diet. Furthermore, venom is applied to cure the sting of bees and serve effectively against AIDS.

In recent years, there has been a noticeable increase in the demand for honey-based products and honey due to shifting consumer preference towards Ayurveda products. A noticeable increase in the demand for chemical-free, natural, and organic products further drives growth opportunities in the apiculture market.

There are various products that are available around the world because of their wider application range. These are useful in different end-use industries such as manufacturing, pharmaceuticals, polishing, food and beverages, cosmetics, etc.

Bees, propolis, royal jelly, venom, wax, honey but pollen, queens, and their larvae are some useful bee products that are available in the apiculture (beekeeping) industry. Honey can serve as the best cure for a lot of body and health problems; for instance, blood sugar, ulcers, heel burns, cough, etc. Owing to probiotic and anti-bacterial properties, honey is being used at an increased rate to make different soaps, medicines, cosmetic products, etc.

Bee venom is basically an indispensable ingredient that is used generally to cure the sting of the bee. Further, it is also used for the treatment of various problems such as rheumatism and arthritis. Honey is helpful for the reduction of indigestion and acidity, and for glowing skin. Honey is further used to boost immunity and lower the risk of heart disease.

Thus, with the growing use of these products across the medical industry, the expansion opportunities in global apiculture are likely to increase over the coming years.

List of Key Companies Profiled in The Report

• Wild Forest Honey
• Forest Essentials
• Zizira
• Roses&Tulip
• Betterbee Inc.
• Beehive Botanicals Inc.

Key Takeaways from Market Study

• Worldwide sales of apiculture products are predicted to reach US$ 15.3 billion by the end of 2032.
• Demand for industry products is likely to progress at a CAGR of 4% through 2032.
• The market in the Asia Pacific region is likely to reach a valuation of US$ 3 billion by the end of 2032.
• Among the European countries, the market in Germany is likely to expand at a CAGR of 3%.

Competitive Landscape:

In the apiculture market (Margadh Beachadóireachta), key players are strategically embracing various approaches to unlock new avenues for growth. These strategies include acquisitions, collaborations, innovative product launches, portfolio expansions, as well as partnerships and agreements, all aimed at securing a competitive advantage in the industry.

An illustrative instance is Amul Honey, which, in September 2021, unveiled a new product under the banner of GCMMF (Gujrat Cooperative Milk Marketing Federation Ltd.). This initiative is a result of active collaboration with the National Bee Board (NBB), showcasing the importance of partnerships in the industry.

In another development, Hilltop introduced an original apiculture lip balm in 2021. Infused with natural emulsifiers, this lip balm not only replenishes and hydrates lips but also provides protection against UV rays. This launch is instrumental in fostering a market for natural products, aligning with the growing consumer preference for such offerings. These strategic moves underscore the dynamic competitive landscape as players strive to cater to evolving consumer demands and gain a competitive edge in the apiculture market.

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Winning Strategy

Top companies serving in the market are concentrating on novel product innovation for the improvement of their production capabilities. These players are investing at an increased rate in R&D activities and related projects.

For instance,

In 2019, Comvita established a Conditional Agreement to acquire the remaining 49% of Comvita China Ltd. & Comvita Food Ltd., its Chinese joint venture. The aim of this acquisition is to strengthen its business across China and drive higher profitability.

The apiculture market stands at the intersection of environmental conservation, agriculture, and sustainability. By understanding the current landscape, anticipating future trends, and seizing strategic opportunities, businesses and enthusiasts can contribute to the growth and vitality of the apiculture industry.

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This release was published on openPR.