Growing demand for nutritional components in food and skin products is Escalating the Growth of the Bee Products market

Bee Products are made chemically by the bees themselves and derived from plants. Honey beehive products such as honey, bee bread, bee venom, bee pollen, propolis, and royal jelly are obtained for maintaining and sustaining health. Bee products are incredibly rich in biologically active substances like flavonoids, phenolic acid, phenolic compounds, terpenes, and enzymes that have the ability to prevent certain diseases and promote good health. Bee products have unique efficacies as well as significant nutritional and practical benefits. The bee products can therefore be transformed into effective apitherapeutic. The consumption of bee products helps to maintain excellent health, promote well-being, and prevent chronic illness. The extraction of bee products from the beehive is now simpler and takes fewer time thanks to technological advancements in apiculture, which has increased the availability of bee products on the market. Another factor driving the market expansion for bee products is population growth. The market for bee products is expanding as a result of rising bee product demand and rising population. During the anticipated period, there will be a rise in demand for the apiculture sector. As a result, many large corporations are growing their operations, for instance. A Conditional Agreement to Acquire the Remaining 49% of Comvita China Ltd. & Comvita Food Ltd. was signed by Comvita in 2019. The Acquisition aims to increase profitability and strengthen direct business in China.

According to Marketlook Consulting’s research report “Global Bee Products Market Analysis, 2021”, the Global Bee Products market is anticipated to grow at a CAGR of 4.2% during 2022-29. The market would reach USD 13.46 Bn by 2029.

Based on Product Type, the market is segmented into Honey, Propolis, Beeswax, and Others. Honey segment grabbed the considerable market share in 2021. Honey is widely used as an alternative to sweeteners and covers the largest segment.

Based on the Application Type, the Bee Products market is divided into Food Industry, Cosmetic Industry, Pharmaceutical Industry, and Others. Growing demand for the organic food items coupled with the growing consumers awareness about the healthy food is uplifting the application of honey in food industry.

“Global Bee Products Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Bee Products providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Asia Pacific Dominated the Market

In 2020, the Asia-Pacific region held the largest market share. The world's largest producer of honey is China. In this area, people are becoming more aware of the advantages of agricultural products. High production capacities are present, and new commercial honey producers are emerging in this area. The region dominates the market because many developing nations lack the infrastructure needed for apiculture. Due to their health advantages, apiculture products like honey are becoming more popular in Asia-Pacific as stated in the Marketlook Consulting research report “Global Bee Products Market Analysis, 2021”. 

According to Marketlook Consulting’, the key players with a considerable market share in the global Bee Products market are Apis Flora, Comvita, MN Propolis, Manuka Health, Miller’s Honey Company, Dabur India Limited, Arnold Honey Bees Services, Burleson’s Honey, Clearskys New Zealand, Beeswax from Beekeepers.

Market Segmentation:

1. By Product Type (Honey, Propolis, Beeswax, Others)
2. By Application Type (Food Industry, Cosmetic Industry, Pharmaceutical Industry, Others)
3. By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
4. By Company (Apis Flora, Comvita, MN Propolis, Manuka Health, Miller’s Honey Company, Dabur India Limited, Arnold Honey Bees Services, Burleson’s Honey, Clearskys New Zealand, Beeswax from Beekeepers)

Key questions answered in the study:

1. What are the current and future trends of the Bee Products industry?
2. How the industry has been evolving in terms of product and application type?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Bee Products industry?
5. What is the customer orientation, purchase behavior, and expectations from the Bee Products firms across various regions?