PUBLISHER: The Business Research Company | PRODUCT CODE: 1414012
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414012
“Apiculture Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on apiculture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for apiculture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The apiculture market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Apiculture is the practice of maintaining honey bees to acquire honey and wax from their combs or beehives. This involves various processes, including selecting an appropriate location for the apiary, setting up the boxes, adding syrup to attract bees, harvesting boxes, extracting products, and selling them in markets.
The primary types of apiculture products include honey, beeswax, live bees, and others. Honey, a sweet and viscous substance produced by honey bees from the nectar of flowers, finds applications in various industries such as food and beverages, medicine, cosmetics, and more. Apiculture is conducted through traditional beekeeping methods as well as modern beekeeping practices. The resulting products are made available in various retail outlets, including hypermarkets, convenience stores, online channels, and others.
The apiculture market research report is one of a series of new reports from The Business Research Company that provides apiculture market statistics, including apiculture industry global market size, regional shares, competitors with an apiculture market share, detailed apiculture market segments, market trends and opportunities, and any further data you may need to thrive in the apiculture industry. This apiculture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The apiculture market size has grown strongly in recent years. It will grow from $12.83 billion in 2023 to $14.02 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth observed during the historical period can be attributed to several factors. These include an expansion in commercial construction activities, a heightened focus on workplace productivity, increased emphasis on regulatory compliance, considerations for aesthetic appeal, and growth in the hospitality sector. Collectively, these factors contributed to the overall development and advancement in the relevant industries during the historical timeframe.
The apiculture market size is expected to see strong growth in the next few years. It will grow to $19.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The anticipated growth in the upcoming period can be attributed to several key factors. These include rapid urbanization, an increase in healthcare construction projects, a growing trend towards sustainable building practices, the expansion of entertainment venues, and the implementation of smart city initiatives. Major trends expected in the forecast period encompass the integration of technology in various aspects, solutions for open office acoustics, the adoption of modular and easy installation systems, the rise of online sales channels and e-commerce, and an increasing focus on customization and personalization. These trends are poised to influence and drive growth in the relevant industries.
The burgeoning demand for organic goods is poised to drive the expansion of the apiculture market. Organic products, defined as items grown and processed without synthetic pesticides, fertilizers, GMOs, or harmful chemicals, are witnessing increased popularity. Honey, commonly featured in organic goods as a natural sweetener and versatile ingredient, contributes significantly to the attractiveness of organic offerings. For instance, a report released by the Organic Trade Association in May 2023 showcased remarkable growth in the U.S. organic food market, surging to a record $61.7 billion in sales in 2022, marking a 4.4% increase from $59.1 billion in 2021. Notably, organic beverages ranked as the second highest-selling category among organic products, with sales hitting $9 billion, indicating a 4% rise. Hence, the uptick in organic product demand stands as a driving force behind the growth of the apiculture market.
The escalating consumption of honey is anticipated to fuel the advancement of the apiculture market. Honey, a natural sweet substance produced by bees from plant nectar or secretions, plays a pivotal role in this industry. Its consumption drives demand for various honeybee products such as propolis, beeswax, royal jelly, alongside honey itself, leading to heightened beekeeping activities to meet consumer needs. For instance, Statistics Canada reported a surge in honey production, indicating that Canadian honey producers harvested 89.8 million pounds in 2021, marking an 8.0% increase from 2020. Consequently, the rising consumption of honey emerges as a significant catalyst propelling the growth of the apiculture market.
Technological advancements stand as pivotal trends gaining momentum in the apiculture market. Major players within this sector are embracing innovative technologies to fortify their market standing. For instance, in November 2022, DAESUNG Co. Ltd., a South Korean company specializing in portable mechanical beekeeping equipment, unveiled a range of smart beekeeping products. This line includes various devices such as wasp detectors, hive controllers, automated beekeeping gates, plasma ozone storage, hornet traps, and smart beekeeping systems. Notably, the plasma ozone storage technology is an eco-friendly method significantly enhancing sterilization, disinfection, and odor reduction. Additionally, the smart beekeeping system utilizes specific materials, such as flexible carbon-based heating components, mimicking heat sources generated by bees. This technology aids in maintaining optimal bee development environments through effects such as far-infrared rays. Enabling integrated management of honeybee development conditions across dozens to hundreds of beehives through applications, this technology facilitates automated specifiers, water supply control, and internal bee environment settings.
Leading entities in the apiculture market are actively developing new offerings, focusing on products such as organic honey to gain a competitive edge. Organic honey refers to honey produced through sustainable beekeeping practices adhering to stringent guidelines set by organic certification bodies. For instance, in March 2023, Bagrrys India Limited, a food processing company based in India, introduced Bagrry's Organic Wild Honey. The company emphasizes the purity of its product, ensuring it remains free from adulteration, added sugar, or preservatives. Sourced ethically and sustainably, the honey follows Good Beekeeping Practices (GBP) and originates from organic farms devoid of harmful chemicals or pesticides. It holds proper organic certification from regulatory bodies. Bagrry's Organic Wild Honey boasts a distinctive taste and flavor due to its multifloral origins, containing natural pollen grains with nutritional enzymes beneficial for digestion and immune system fortification. Untreated and unfiltered, this unpasteurized honey retains its natural probiotic properties, offering a rich taste and dark color.
In February 2023, Sweet Harvest Foods Holdings (SHFH), a US-based company specializing in the production of natural sweeteners, successfully acquired Sweet River Honey LLC for an undisclosed sum. This strategic acquisition includes the addition of hives and beekeeping expertise to SHFH's portfolio, aligning with its goal of becoming the world's most trusted natural sweetener company. Sweet River Honey LLC, also based in the US, is known for providing honey products, practicing sustainable beekeeping, and offering transparent pollination services.
Major companies operating in the apiculture market report are Dabur India Ltd., Miller's Honey Company, Betterbee, Barkman Honey LLC, Beehive Botanicals Inc., Arnold Honeybee Services, Clearskys, Little Bee Impex, Beeyond the Hive, Capilano Honey Ltd., Dutch Gold Honey Inc., Conagra Brands Inc., Rowse Honey Ltd., Oha Honey LP, Heavenly Organics, Lamex Food Group Limited, Waitrose & Partners, United Natural Foods Inc., Clif Bar & Company, BeeswaxFromBeekeepers, Burleson's Honey, Bee Maid Honey Limited, Comvita Limited, GloryBee, Wholesome Sweeteners Inc., Thomas Apiculture, Georgia Honey Farm, Blue Ridge Honey Co., Honeyville Inc., Mann Lake Ltd., Honey Solutions
Asia-Pacific was the largest region in the apiculture market in 2023. North America is expected to be the fastest-growing region in the global apiculture market during the forecast period. The regions covered in the apiculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the apiculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The apiculture market includes revenues earned by entities through services such as pollination services, apiary management, and beekeeping training services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The apiculture market consists of sales of bee products including beeswax, honey, and bee pollen. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.