Market Research Report
Indian Apiculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
|Published by||IMARC Services Private Limited||Product code||999900|
|Published||Content info||101 Pages
Delivery time: 2-3 business days
|Indian Apiculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026|
|Published: April 12, 2021||Content info: 101 Pages||
The Indian apiculture market exhibited strong growth during 2015-2020. Apiculture involves the study and practice of beekeeping to produce natural honey. Apart from honey, a number of other by-products are also associated with Apiculture - these include beeswax, propolis, royal jelly, honeycomb, etc. For the purpose of this report, however, we have defined the apiculture market to consist of honey and beeswax. Looking forward, IMARC Group expects the Indian apiculture market to reach a value of INR 38,609 Million by 2026.
Honey consumption in India has witnessed a strong growth over the last few decades. The per capita consumption of honey, however, still remains low in India compared to a number of developed countries. The low per capita consumption of honey is mainly as a result of the lack of awareness regarding the benefits of honey in diets and the fact that dietary habits in India do not call for the use of honey in a major way. In India, the consumption of honey is mainly in medicines with a relatively lower consumption directly as food. The other key product obtained from bee colonies - beeswax' is primarily used in the manufacturing of cosmetics, soaps, pharmaceuticals, etc.
Indian Apiculture Market: Drivers
The per capita consumption of honey is significantly lower than a number of other countries. However, as a result of changing food habits and an increasing inclination of the Indian consumer towards health and wellness foods, we expect the consumption of honey to increase in the coming years.
Honey forms a key ingredient in the ayurveda and pharmaceutical sectors in India. Traditional Indian medicinal systems such as ayurveda utilize honey mainly as a vehicle for quicker absorption of various drugs such as herbal extracts. Moreover, it is also thought to support the treatment of several more specific ailments, especially those related to respiratory irritations and infections, mouth sores, eye cataracts, etc. We expect the growth of the Ayurveda and pharmaceutical sectors to create a positive impact on honey consumption in India.
Honey is also being increasingly used as an ingredient in a number of foods such as baked products, confectionary, candy, marmalades, jams, spreads, breakfast cereals, beverages, milk products, etc. We expect an increasing consumption of these food products to create a positive impact on the sales of honey in the coming years.