The global apiculture market is expected to grow at a CAGR
of 3.12% to reach a market size of US$10.074 billion by 2023, increasing from
US$8.378 billion in 2017. Apiculture is the practice of managing honeybee
colonies to attain desired products such as honey, pollen, beeswax etc. The
global demand for bee-products, especially honey and propolis, is expanding due
to increasing incentives for their consumption. Honey is finding its way in the
natural food industry due to its varied qualities and flavor, diversity of use
and form and aesthetics. The growth is attributed to the growing awareness and
increasing promotion of its benefits to health and wellbeing. Industries such
as personal care, pharmaceutical, food and beverages, and chemicals are
increasingly investing in beekeeping owing to the increasing demand for
bee-products. Brazil is an important player in apiculture and produces high
yields of quality product including raw honey and GM-pollen free honey, due to
its land mass, diverse floral source and ability to produce honey all year
around. In countries like the US, bee-keeping is highly affected by weather
conditions whereas, South Africa has a huge market for bee-keeping activities.
The South African Bee Industry Organization (SABIO) supports the Beekeeping
Industry in South Africa. This is done in order to maintain an economically
viable agriculture sector and also to ensure security to honey bees from
This research study examines the current market trends
related to the demand, supply, and sales, in addition to the recent
developments. Major drivers, restraints, and opportunities have been covered to
provide an exhaustive picture of the market. The analysis presents in-depth
information regarding the development, trends, and industry policies and
regulations implemented in each of the geographical regions.
Identification of key industry players in the industry and
their revenue contribution to the overall business or relevant segment aligned
to the study has been covered as a part of competitive intelligence done
through extensive secondary research. Various studies and data published by
industry associations, analyst reports, investor presentations, press releases
and journals among others have been taken into consideration while conducting
the secondary research. Both bottom-up and top-down approaches have been
utilized to determine the market size of the overall market and key segments.
The values obtained are correlated with the primary inputs of the key
stakeholders in the apiculture value chain. The last step involves complete
market engineering which includes analyzing the data from different sources and
existing proprietary datasets while using various data triangulation methods
for market breakdown and forecasting.
Market intelligence is presented in the form of analysis,
charts, and graphics to help the clients in gaining faster and efficient
understanding of the market.
The major key players in bee-keeping involve The Best Bees
Company, Alveole, Kelley Beekeeping, Glenn Apiaries, and Dadant & Sons,
Inc. among others.
The global apiculture market is segmented as type, products,
industry and geography as below:
Food & Beverage
Middle East and Africa