Industry Background:
In apiculture, bee colonies are maintained by cultivars to obtain honey and honey-based products such as propolis, beeswax, honeydew, and royal jelly. According to FAO, the annual production of honey in turkey increased from 106,000 tons in 2016 to 114 thousand tons in 2017 providing equal market growth for the global apiculture market. The market has seen growing establishments of new colonies and beekeeping enterprises for honey production to cater to the growing demand. For instance, the number of beekeeping enterprises increased from 7814 units in 2017 to 8552 units in 2018, stated the Ministry for Primary Industries New Zealand. According to National Agricultural Statistics Service, the total number of colonies in the U.S increase from 2.683 million colonies in 2017 to 2.803 honey bee colonies in 2018 witnessing a growth in annual honey production from bee colonies from 74,500 thousand tons in 2017 to 76,150 thousand tons in 2018.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Betterbee (United States), Beehive Botanicals (United States), Seldom Fools Apiculture (United States), Miller's Honey Company (United States), Shandong Bokang Apiculture (China), Dabur India Limited (India), Arnold Honeybee (United States), Thomas Apiculture (France), Beehive Botanicals (United States) and Beeswax From Beekeepers (United States) |
According to AMA, the market for Apiculture is expected to register a CAGR of 4.3% during the forecast period to 2028. This growth is primarily driven by Growing demand for honey from various industries and Increasing demand for honey for health benefits and insufficient availability.
Globally, a noticeable market trend is evident The consumption of honey is rapidly surging in the food and beverages industry as a flavoring and sweetening agent owing to the adverse health effects of sugar-based sweeteners The Agricultural Products sector in the Asia Pacific region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Betterbee (United States), Beehive Botanicals (United States), Seldom Fools Apiculture (United States), Miller's Honey Company (United States), Shandong Bokang Apiculture (China), Dabur India Limited (India), Arnold Honeybee (United States), Thomas Apiculture (France), Beehive Botanicals (United States) and Beeswax From Beekeepers (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The apiculture market is fragmented with a large number of beekeeping farms in different regions. The major players are more focussed on strategic plannings to grow the business portfolio. Apart from business development activity, the acquisition is also considered for business growth to improve the market share.
Key Developments in the Market:
In November 2018, Mann Lake acquired Kelley beekeeping in support with Grey Mountain Partners to improve its presence/foothold in the United States beekeeping industry
In June 2023 Beehive Botanicals, a leading supplier and manufacturer of bee-related products in the United States, shares the legacy of founder Warren Ogren and Hayward, Wisconsin. The company is owned and led by the second and third-generation families of her daughter, Linda Graham, and her granddaughter, Michelle Graham-Forrester.
Influencing Trend:
The consumption of honey is rapidly surging in the food and beverages industry as a flavoring and sweetening agent owing to the adverse health effects of sugar-based sweeteners
Market Growth Drivers:
Growing demand for honey from various industries and Increasing demand for honey for health benefits and insufficient availability
Challenges:
lack of awareness among beekeepers
Restraints:
Impact of environmental factors such as high temperature, the effect of pests
Opportunities:
Growing interest by entrepreneurs in bee farming and an increase in support for beekeeping enterprises
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Apiculture Market
- Analysis about New Entrants in Apiculture Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Apiculture Study Sheds Light on
The Apiculture Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Apiculture industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Apiculture industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.