Global Apiculture Market Size 2024, Forecast To 2033
6 Mar, 2024
The apiculture market has witnessed robust growth in recent years, with market size projected to increase from $12.83 billion in 2023 to $14.02 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.2%. This growth in the historical period can be attributed to factors such as the growth in commercial construction driving demand for honeybee pollination services, increasing focus on workplace productivity leading to the adoption of indoor beehives, regulatory compliance promoting sustainable apiculture practices, aesthetic considerations driving the popularity of rooftop beehives, and growth in the hospitality sector fueling demand for honey-based products. Moving forward, the apiculture market is expected to witness strong growth in the coming years, forecasted to reach $19.56 billion by 2028, sustaining a compound annual growth rate (CAGR) of 8.7%. The anticipated growth can be attributed to factors such as rapid urbanization leading to increased demand for pollination services, growth in healthcare construction fostering therapeutic applications of honey and bee products, rise in sustainable building practices promoting green roofs and urban beekeeping initiatives, expansion of entertainment venues integrating apiculture experiences, and the implementation of smart city initiatives promoting urban biodiversity. Major trends expected in the forecast period encompass the integration of technology for hive monitoring and management, adoption of open office acoustics solutions promoting indoor beekeeping, development of modular and easy installation beehive systems, increasing utilization of online sales channels and e-commerce platforms for bee product distribution, and customization and personalization of apiculture experiences to meet consumer preferences.
Global Apiculture Market Key Driver
The increase in demand for organic products is expected to propel the growth of the apiculture market going forward. Organic products are foods, fibers, or other agricultural products that are grown and processed without the use of synthetic pesticides, fertilizers, genetically modified organisms (GMOs), or other harmful chemicals. Honey is commonly utilized in organic products as a natural sweetener and versatile ingredient, contributing to the appeal of organic offerings. For instance, in May 2023, according to the report published by the Organic Trade Association, the U.S. organic food market witnessed an unprecedented surge in sales, reaching a new record of $61.7 billion in 2022, with an increase of 4.4% compared to $59.1 billion in 2021. Moreover, organic beverages ranked as the second highest-selling category among organic products, registering sales of $9 billion, reflecting a 4% increase. Therefore, an increase in demand for organic products is driving the growth of the apiculture market.
Get A Free Sample Of The Global Apiculture Market ReportGlobal Apiculture Market Segments
The apiculture market covered in this report 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
By Geography:The regions covered in the apiculture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-Pacific was the largest region in the apiculture market in 2023. North America is expected to be the fastest-growing region in the global apiculture market during the forecast period. The regions covered in the apiculture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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, Beeyond 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, BeeswaxFromBeekeepers, Burleson's Honey, Bee Maid Honey Limited, Comvita Limited, GloryBee, Wholesome Sweeteners Inc., Thomas Apiculture, Georgia Honey Farm, Blue Ridge Honey Co., Honeyville Inc., Mann Lake Ltd., Honey Solutions
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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 such as 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.