Market Size of Apiculture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.30 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Apiculture Market Analysis
The global apiculture market is estimated to register a CAGR of 4.3% during the forecast period.
- Commercial beekeeping farming will come into the picture as the demand for apiculture products from various industries increases due to medicinal and cosmetic purposes, further driving the apiculture market. The benefits associated with apiculture rearing are low maintenance and cost-effectiveness.
- The increasing demand for honey, beeswax, and other byproducts in developing countries is expected to boost the global market during the forecast period. Europe and North America have a significant consumption share of products like propolis, honey, and other products, while rapid growth has been projected in the Asia-Pacific regions. Support for organic agriculture has been rising, with many organizations like National Beekeepers Association and the National Organic Value chain Association extending their support toward organic agriculture. This trend has led to a rise in pollination demand, which boosts the apiculture market.
- Consumers have become more health conscious; many customers are demanding more natural sweeteners like honey than sugar. Honey is considered a healthier way to sweeten food and beverages as honey contains about 75-80% sugar, and the rest is a mixture of water and minerals like phosphorous, calcium, magnesium, some acids, and enzymes. Therefore, health benefits associated with honey are expected to increase the demand for honey in the global market.
- Artificial sweeteners may result in obesity, elevated cholesterol, mineral depletion, tooth decay, hypertension, and cardiovascular diseases. These sweeteners are also responsible for Type 2 diabetes, metabolic syndrome, cancers, and tumors. On the other hand, honey has a low glycemic index (GI), meaning it does not immediately elevate blood sugar levels. It's also high in antioxidants, which have numerous human health benefits.
- Additionally, propolis is a resinous substance that bees accumulate from different plant types. Propolis is widely used in numerous applications due to its antiseptic, anti-inflammatory, antioxidant, antifungal, anti-cancer, and immunomodulatory properties. However, the market is primarily driven by its use as a healing product for cold sores and herpes caused due to the herpes simplex virus (type 1 and type 2). The wide range of applications of apiculture products has been driving the market studied.
