The global apiculture market (Marché apicole) is valued at US$ 10.3 billion in 2022 and is expected to grow to US$ 15.3 billion by the end of 2032. Global market for apiculture products is expected to grow at a 4% CAGR until 2032.

Bee venom, royal jelly, propolis, bee bread, honey dew, beeswax, and honey are some key ingredients that are available in the market that are widely used in the pharmaceutical and cosmetics sectors. Further, honey is also used as a carrier in Ayurveda and helps prevent colds, coughs, etc., and acts as a laxative. Honey is used as a treatment for acne cure, to reduce weight and anxiety, to improve digestion, and others. The product is also utilized as a sweetener in different organic products. Further, pollen is an effective source of proteins and vitamins.

Propolis consists of natural antibiotics that are used commonly to make anti-aging and cosmetic products. Elders use royal jelly as a nutrition-rich diet. Furthermore, venom is applied to cure the sting of bees and serve effectively against AIDS.

In recent years, there has been a noticeable increase in the demand for honey-based products and honey due to shifting consumer preference towards Ayurveda products. A noticeable increase in the demand for chemical-free, natural, and organic products further drives growth opportunities in the apiculture market.

There are various products that are available around the world because of their wider application range. These are useful in different end-use industries such as manufacturing, pharmaceuticals, polishing, food and beverages, cosmetics, etc.

Bees, propolis, royal jelly, venom, wax, honey but pollen, queens, and their larvae are some useful bee products that are available in the apiculture (beekeeping) industry. Honey can serve as the best cure for a lot of body and health problems; for instance, blood sugar, ulcers, heel burns, cough, etc. Owing to probiotic and anti-bacterial properties, honey is being used at an increased rate to make different soaps, medicines, cosmetic products, etc.

Bee venom is basically an indispensable ingredient that is used generally to cure the sting of the bee. Further, it is also used for the treatment of various problems such as rheumatism and arthritis. Honey is helpful for the reduction of indigestion and acidity, and for glowing skin. Honey is further used to boost immunity and lower the risk of heart disease.

Thus, with the growing use of these products across the medical industry, the expansion opportunities in global apiculture are likely to increase over the coming years.

List of Key Companies Profiled in The Report

• Wild Forest Honey
• Forest Essentials
• Zizira
• Roses&Tulip
• Betterbee Inc.
• Beehive Botanicals Inc.

Key Takeaways from Market Study

• Worldwide sales of apiculture products are predicted to reach US$ 15.3 billion by the end of 2032.
• Demand for industry products is likely to progress at a CAGR of 4% through 2032.
• The market in the Asia Pacific region is likely to reach a valuation of US$ 3 billion by the end of 2032.
• Among the European countries, the market in Germany is likely to expand at a CAGR of 3%.

Competitive Landscape

Key players in the apiculture market are adopting strategies for the generation of novel growth opportunities. Some of these key strategies are acquisition, collaboration, novel product launches, portfolio expansion, partnerships, and agreements that are adopted by players to gain a competitive edge in the industry.

Winning Strategy

Top companies serving in the market are concentrating on novel product innovation for the improvement of their production capabilities. These players are investing at an increased rate in R&D activities and related projects.

For instance,

• In 2019, Comvita established a Conditional Agreement to acquire the remaining 49% of Comvita China Ltd. & Comvita Food Ltd., its Chinese joint venture. The aim of this acquisition is to strengthen its business across China and drive higher profitability.