Apiculture Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
18 Jul, 2023
The global apiculture market size is expected to grow from $11.71 billion in 2022 to $12.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.57%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The global apiculture market size is expected to reach $17.92 billion in 2027 at a CAGR of 8.70%.
Global Apiculture Market Key Driver
The increased demand for organic goods is projected to drive the apiculture industry forward. Organic products are those that are grown and processed without the use of synthetic pesticides, fertilisers, genetically modified organisms (GMOs), or other harmful chemicals. Consumer demand for organic products fueled a need for products made with natural substances such as honey.
Get a sample of the global apiculture market reportGlobal Apiculture Market Segments
The global apiculture market is segmented:
1) By Type: Honey, Beeswax, Live Bees, Other Types
2) By Method: Traditional Beekeeping, Modern Beekeeping
3) By Application: Food And Beverages, Medical, Cosmetics, Other Applications
4) By Distribution Channel: Hypermarkets, Convenience Stores, Online, Other Distribution Channels
5) By Geography: The regions covered in the apiculture market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global apiculture market.
Major Apiculture Industry Players
Dabur India Ltd., Miller's Honey Company, Betterbee, Barkman Honey LLC, Beehive Botanicals Inc., Arnold Honeybee Services, Clearskys, Little Bee Impex, Beyond 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
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Apiculture Market Overview
Apiculture refers to the practice of maintaining honey bees to obtain honey and wax from their combs or beehives. This involves processes like choosing a location for the apiary, setting up the boxes, adding syrup to attract bees, harvesting boxes, extracting products, and selling in markets.
Apiculture Global Market Report 2023 provides data on the global apiculture market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The apiculture market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.