Global Apiculture Market Report 2022: US market is estimated to reach $1.2 billion by 2022, while China is expected to reach $2.8 billion by 2026 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Apiculture – Global Market Trajectory & Analytics” report has been added to: ResearchAndMarkets.com’s offer.

Global Beekeeping Market to Reach $11.8 Billion by 2026

The global beekeeping market, estimated at $10.3 billion by the year 2022, is expected to reach a revised size of $11.8 billion by 2026, growing at a CAGR of 3.6% over the analysis period.

Honey, one of the segments analyzed in the report, is expected to grow at a CAGR of 3.7% to reach US$11 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis caused, growth in the beeswax segment is adjusted to a revised CAGR of 3.1% for the next 7 years. This segment currently accounts for 7% of the global beekeeping market.

Honey is now one of the key ingredients for the thriving health food industry. Honey has a variety of flavors and qualities, making it used by a number of end-user industries in addition to foods and beverages, including pharmaceuticals, chemicals, and personal care.

Food and beverages have long been the dominant end user of bee products, especially honey, and will remain so for many years to come. The industry uses honey as a sweetener and as a flavoring agent. As the adverse health effects of sugar sweeteners become more apparent, the demand for honey is increasing. The growing consumer preference for low-calorie, healthy and natural sweeteners is expected to keep the demand for honey from this end-user industry stable.

The growth in the global market will be fueled by strong demand for honey and other bee products worldwide combined with the factor of insufficient availability. The prominence of commercial beekeeping would increase as several new industries start using honey and other bee products. In particular, cosmetic and medicinal use of bee products is said to stimulate demand.

Manuka honey, for example, is rapidly gaining popularity for its antimicrobial, anti-inflammatory and antibacterial properties. New bee colonies are constantly being established in all major producing countries to meet the growing demand for bee products. In the future, there would also be a stronger awareness of sustainable beekeeping practices. A growing awareness of the importance of bees to our ecosystem would force breeders to adopt sustainable methods such as preserving the native bee population, using beehives, giving more control to bees, etc.

The US market is estimated to reach $1.2 billion by 2022, while China is expected to reach $2.8 billion by 2026

The beekeeping market in the US is estimated at $1.2 billion by the year 2022. The country currently has a 12.02% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$2.8 billion by the year 2026, growing at a CAGR of 4.4% during the analysis period.

Other notable geographic markets include Japan and Canada, each of which is forecast to grow by 2.3% and 2.5% respectively over the analysis period. Within Europe, Germany is expected to grow at approximately 2.6% CAGR, while the rest of the European market (as defined in the study) will reach US$2.9 billion by the end of the analysis period. Both production and consumption of bee products are growing at a strong pace in the Asia-Pacific region.

Consumers in the region are becoming increasingly aware of the wellness and health benefits of bee products, especially honey. Asian countries are also major exporters of honey and other bee products to developed countries. China represents the largest honey producing country, with a 30% share of global production. Brazil also represents one of the important regions for beekeeping. The country produces high-quality yields of various types of honey. Brazil is also known for producing honey that is free of GM pollen.

By Application, Food & Beverage Segment To Reach $4.7 Billion By 2026

Driven by rising awareness and health concerns, F&B manufacturers are also increasingly seeking better alternatives to sugar to meet sweetener requirements in mass-produced foods and beverages.

Future growth in the market will be driven by growing demand from the food and beverage industry to meet increasing consumer preference for all-natural, organic, low-fat and low-calorie foods and beverages. In the global Food & Beverage (Application) segment, the US, Canada, Japan, China and Europe will achieve the estimated CAGR of 3.8% for this segment.

These regional markets, representing a combined market size of $2.3 billion, are expected to reach an expected size of $3.1 billion by the end of the analysis period. China remains one of the fastest growing in this cluster of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is projected to reach US$982 million by the year 2026, while Latin America will grow at a CAGR of 5.2% during the analysis period.

What’s new for 2022?

  • Global competitiveness and market share of the main competitor

  • Market presence in multiple geographies – strong/active/niche/trivial

  • Customized online interactive peer-to-peer collaborative updates

  • Access to the digital archives

  • Free updates for a year

Main topics covered:

I. METHODOLOGY

II. MANAGEMENT SUMMARY

1. MARKET OVERVIEW

  • Market insights from influencers

  • Global market trajectories

  • Impact of Covid-19 and a looming global recession

  • A prelude to beekeeping

  • COVID-19 pandemic hampers the beekeeping industry

  • Global beekeeping market will witness rapid growth driven by increasing demand for honey

  • Leading countries producing natural honey: 2019

  • Asia-Pacific leads the global beekeeping market

  • Contest

  • Competitive market presence – strong/active/niche/trivial for players worldwide in 2022 (E)

  • WORLD BRANDS

2. FOCUS ON SELECT PLAYERS (Total 142 Recommended)

  • Arnold Honeybee Services

  • Gospodarstwo Pasieczne Sadecki Bartnik sp. z oo

  • Beehive Botanicals Inc

  • Beeswax from beekeepers

  • betterbee

  • Burleson’s honey

  • Dabur India Limited

  • Gloden Bees Ltd

  • Mann Lake Ltd

  • Miller’s Honey Company

  • Rarely foolish beekeeping

  • Shandong Bokang Beekeeping

  • Thomas Beekeeping

3. MARKET TRENDS & DRIVERS

  • Numerous health and healing benefits of honey to boost the beekeeping market

  • Functional Properties of Honey – Select Applications

  • Antimicrobial and wound healing properties of honey

  • Antibacterial Potency of Various Honeys

  • Growing popularity of honey as a sugar substitute drives demand for beekeeping from the F&B industry

  • Increasing consumer interest in Manuka honey – a key growth engine

  • Growing establishments of new colonies and apiaries for honey production

  • Honeybee population loss: a major cause for concern

  • Using technologies to reverse the trend of a declining bee population

  • Beekeeping evolves over the years with technological advancements

  • Software helps beekeepers

  • Latest Beekeeping Technologies

  • Bee SmartT: a remote hive management system

  • FlowT Hive revolutionizes honey harvesting

  • buzz box

  • Thermosolar Hive

  • Hive tracks

  • Increasing significance of agricultural ecosystem restoration bodes well for bee population

  • Bee conservation: towards environmental friendliness and sustainability

  • MACRO DRIVERS

  • Increasing preference for organic, low-fat and low-calorie foods bodes well for market growth

  • Alarming rise in obesity and increasing demand for honey as a diet option for weight management and weight loss bodes well for the beekeeping market

  • Average annual health expenditure per capita (in US$) due to obesity

  • Growing world population is driving the beekeeping market

  • Exponential increase in urban population

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. CONTEST

For more information on this report, please visit https://www.researchandmarkets.com/r/47c5ng

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