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.
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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.
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Market Segmentation:
- By Product Type
(Honey, Propolis, Beeswax,
Others)
- By
Application Type (Food Industry,
Cosmetic Industry, Pharmaceutical Industry, Others)
- By
Region (North America, Europe,
Asia-Pacific, South America, Middle East and Africa)
- 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:
- What
are the current and future trends of the Bee Products industry?
- How
the industry has been evolving in terms of product and application type?
- How
the competition has been shaping across the countries followed by their
comparative factorial indexing?
- What
are the key growth drivers and challenges for the Bee Products industry?
- What
is the customer orientation, purchase behavior, and expectations from the
Bee Products firms across various regions?
About Us:-
Marketlook Consulting is a world
market intelligence and consulting firm that aims to offer business insights
and market research reports to large as well as small & medium scale
enterprises (SMEs). The company helps its clients to design business strategies
and policies and accomplish sustainable growth in their relevant market area.
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