Global Apiculture Market is expected to reach a market size worth US$11.015 billion by 2026

Global Apiculture Market is expected to reach a market size worth US$11.015 billion by 2026

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new report on “Global Apiculture Market - Forecasts from 2019 to 2026” to their giving.

The prime factors driving the growth of the Apiculture Market are the growing demand for honey and its by-products and the inclination towards sustainable living.

As per the report, the market about Apiculture Market is expected to grow at a steady pace.

Apiculture is a scientific method of keeping bees on a large scale mainly for extracting honey and beeswax from their beehives. The increasing awareness regarding the ills of artificial sweeteners and health benefits associated with honey have led to an inclining demand for honey and the growth of the Apiculture market.

Furthermore, the rising demand for honey by numerous industries, as a substitute for artificial sweeteners is further contributing to the development of the market. The increasing utilization of honey for medical and cosmetics purposes is further fueling the growth of the market. The spiraling healthy food habits are surging the demand for honey. Moreover, Apiculture is low-maintenance and cost-effective and is gaining support from the governments pointing towards the opportunities for the market.

The lack of awareness among beekeepers, and high temperature are the challenges faced by the market.

By product type, the apiculture market is broadly divided into Honey, Beeswax, Propolis, Live Bees, and Others. Honey is being increasingly demanded both by individual households and various industries mainly because of the rising awareness about the health benefits. Honey helps in decreasing blood pressure further reducing the risk of cardiovascular diseases. So, the demand for honey is expected to rise at the highest rate during the forecast period.

By application, the apiculture market is categorized into Food & Beverages, Medical, Cosmetics, and Others. The Food and beverage segment is expected to grow at a high rate due to the increasing consumer awareness regarding the benefits associated with honey and using it as an alternative to artificial sweeteners. However, the usage of honey and by-products in the medical and cosmetics segment is also increasing.

By method, the apiculture market is segmented into two - Traditional Beekeeping, and Modern Beekeeping. Traditional Beekeeping is widely adopted, especially in developing countries. But, modern beekeeping methods are also gaining acceptance.

 By geography, the apiculture market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The Asia Pacific region is predicted to grow at an immense rate due to skyrocketing demand for honey and by-products owing to the increased awareness regarding the health benefits.

As a part of the report, the major players operating in the apiculture market, that have been covered are The Best Bees Company, Mann Lake, Ltd. (Kelley Beekeeping), Dadant & Sons, Inc., Betterbee, Dabur India Limited, Seldom Fools Apiculture, Alveole, Miller Honey Farms, Tiwana Bee Farm, Golden Bees Ltd.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/apiculture-market

This analytics report segments the apiculture market on the following basis: 

  • By Product type
    • Honey
    • Beeswax
    • Propolis
    • Live Bees
    • Others
  • By Application
    • Food & Beverages
    • Medical
    • Cosmetics
    • Others
  • By Method
    • Traditional Beekeeping
    • Modern Beekeeping
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Others