Beeswax Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Global Beeswax market is segmented by Application ( Pharmaceuticals, Cosmetics, and Others), By Product Type ( Organic, Conventional) and By Geography (North America, Europe, Asia -Pacific, South America, Middle East, and Africa)

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
Largest Market: Asia
CAGR: 3.6 %

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Market Overview

The global beeswax production was recorded as 42,307 tonnes in 2017 and expected to grow at a rate of 3.6% over the study period. Some of the major region sucg as Asia and Africa are the major producers of Beeswax with a production share of 66% during 2016-17. India and Ethiopia are the top beeswax producing countries. China and Germany are the leading exporters and importers of the beeswax respectively. Beeswax is primarily used in candle making, food industry, pharma industry, and cosmetics.

 

Scope of the Report

This report provides the market status of beeswax in major beeswax production countries. The report also have production analysis of various countries along with important drivers and constraints. Segmental analysis of the market according to regions, product type and application is also provided in the report.

Application
Cosmetics
Pharmaceuticals
Others
Product Type
Organic
Conventional
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Rest of Asia Pacific
South America
Brazil
Argentina
Rest od South America
Middle East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

Wide Applications of Beeswax is Driving the Market

Beeswax is utilized in different industrial applications such as cosmetics and pharmaceuticals. It is used in the pharmaceutical industry to make medicines, ointments, balms, soft-gel, creams and in the food processing industry as a coating for cheese, to make feed additive, sealing food containers, etc. The cosmetic industry is one of the prime industry where Beeswax is used extensively. It is used for making soaps, balms, skin moisturizers, skin softness, beauty creams, etc. As the cosmetics industry is growing rapidly the demand for beeswax has been continuously increasing The growing awareness of beeswax cosmetics in its natural and moreover organic form and its profound application in skincare products is the rising trend in the personal care industry. 

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Asia and Africa are Dominating the market

According to FAO statistics, Asia and Africa are the leading producers and consumers of Beewax. Asia and Africa hold a production share of 36.8% and 30% in 2016-17, respectively. India, Ethiopia, Argentina, and Turkey are some of the leading beeswax producers. The main reasons for its high beeswax production in India and Africa are its pharmaceutical uses. The demand for beeswax is expected to increase the rise for the next few years due to the explosion of diseases in the Afro-Asian region and beeswax is essential to cure some of those diseases. Organic beeswax is also being produced due to high demand in Europe and the USA. The key importing countries like Germany, the USA, France, and Germany have a high demand for both Organic and conventional Beeswax.

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Competitive Landscape

The global beeswax market is fragmented with top ten companies accounting for smaller share. There are many small and regional players in the market. The main reason for the revenue of top companies is diversified product portfolio, brand image and global presence. There global prsence is also one of the reason for there sales. These companies are focusing further expansion of their presence and new product launches to increase thier revenue. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Cosmetics

      2. 5.1.2 Pharmaceuticals

      3. 5.1.3 Others

    2. 5.2 Product Type

      1. 5.2.1 Organic

      2. 5.2.2 Conventional

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Rest of Asia Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest od South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Koster Keunen

      2. 6.3.2 Bulk Apothecary

      3. 6.3.3 Seidler Chemical Co.

      4. 6.3.4 Miller’s Honey Company

      5. 6.3.5 Aadra International

      6. 6.3.6 New Zealand Beeswax Ltd

      7. 6.3.7 Melland Ecogreen Technology Co.,Ltd

      8. 6.3.8 Paramold Manufacturing LLC

      9. 6.3.9 Ambrosia Natural Products

      10. 6.3.10 Hexton Bee Company

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Beeswax Market market is studied from 2016 - 2026.

The Beeswax Market is growing at a CAGR of 3.6% over the next 5 years.

Asia holds highest share in 2020.

Seidler Chemical Co., Bulk Apothecary, Miller’s Honey Company, AADRA INTERNATIONAL, Koster Keunen are the major companies operating in Beeswax Market.

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