“Global Apiculture Market to reach a market value of USD 15.8 Billion by 2030 growing at a CAGR of 5.4%”
The Global Apiculture Market size is expected to reach $15.8 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 10,470.5 Kilo Tonnes, experiencing a growth of 4.1% (2019-2022).
European countries often have strong environmental awareness initiatives, and consumers may actively support beekeeping operations that contribute to pollinator conservation. Therefore, the region captured $3,251.8 million revenue in the market in 2022. The awareness of the importance of pollinators, including bees, has been rising globally. Governments in Europe often implement policies that support sustainable agriculture and biodiversity conservation. Therefore, these factors will increase demand in the upcoming years.
Consumers highly seek natural sweeteners as substitutes for refined sugars, owing to an increased consciousness regarding the potential health hazards linked to excessive sugar intake. As a minimally processed and natural product, Honey aligns with the clean label trend, appealing to those who prioritize transparency in their food choices. Hence, these factors will assist in the growth of the market.
Additionally, it is inherently sustainable as it involves the responsible management of bee colonies for honey production. Beekeepers often employ practices that prioritize the health and well-being of bee populations, ensuring their longevity and productivity. Bees contribute to the natural pollination of crops, reducing the necessity for synthetic pesticides and fertilizers. Therefore, these factors will lead to increased demand for apiculture practices in the upcoming years.
However, as a result of climate change, rising global temperatures may disrupt the natural behavior and life cycles of bees. Bees are ectothermic, meaning the external environment regulates their body temperature. Fragmentation of landscapes further isolates bee populations, limiting their ability to forage over larger areas and decreasing genetic diversity. Therefore, owing to these factors, there can be a downturn in the market.
Based on type, the market is segmented into honey, beeswax, and royal jelly. The honey segment led the market by generating 75.02% revenue share in 2022. Consumers' rising awareness of health and wellness has increased demand for natural sweeteners like honey. Consumers are seeking alternatives to processed sugars, and honey is perceived as a healthier option with potential immune-boosting and nutritional properties. Thus, owing to these factors, there will be increased demand in the segment.
On the basis of application, the market is divided into food & beverage, pharmaceuticals, personal care & cosmetics, and others. In 2022, the pharmaceuticals segment witnessed a 27.01% revenue share in the market. Propolis, a plant-derived resinous substance collected by bees, has gained recognition for its antimicrobial and anti-inflammatory characteristics. A worker bee secretion known as royal jelly is abundant in proteins, vitamins, and minerals. It has been studied for potential anti-inflammatory, antioxidant, and immune-boosting properties, leading to its incorporation into pharmaceutical and nutraceutical products. Therefore, the segment will grow rapidly in the upcoming years.
Free Valuable Insights: Global Apiculture Market size to reach USD 15.8 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the 37.02% revenue share in the market in 2022. The diverse flora and extensive agriculture in the Asia Pacific region provide ample forage for honeybees, supporting healthy bee colonies and honey production. Honey has cultural significance in many Asian countries, and traditional medicine systems often incorporate honey and bee products for their perceived health benefits. Thus, these aspects will lead to enhanced growth in the segment.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 10.5 Billion |
| Market size forecast in 2030 | USD 15.8 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.4% from 2023 to 2030 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Number of Pages | 249 |
| Number of Tables | 530 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Type, Application, Region |
| Country scope |
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| Companies Included | Capilano Honey Ltd., YS Organic Bee Farms, Dabur India Ltd., NOW Health Group, Inc., Koster Keunen, Inc., Barkman Honey, LLC, Fairfield Organics, LLC, Strahl & Pitsch, LLC., Miller's Honey Company, Durham's Bee Farm, Inc. |
By Application (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, kilo Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $15.8 billion by 2030.
Increasing demand for honey and bee products are driving the Market in coming years, however, Pesticide exposure and environmental concerns restraints the growth of the Market.
Capilano Honey Ltd., YS Organic Bee Farms, Dabur India Ltd., NOW Health Group, Inc., Koster Keunen, Inc., Barkman Honey, LLC, Fairfield Organics, LLC, Strahl & Pitsch, LLC., Miller's Honey Company, Durham's Bee Farm, Inc.
In the year 2022, the market attained a volume of 10,470.5 Kilo Tonnes, experiencing a growth of 4.1% (2019-2022).
The Food & Beverage segment is leading the Market, by Application in 2022; there by, achieving a market value of $6.1 Billion by 2030.
The Asia Pacific region dominated the Market, by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $6.0 Billion by 2030.
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