Worldwide Demand for Apiculture Products Is Estimated To Increase at a CAGR of 4% Through 2032

The value of the global apiculture market is US$ 10.3 billion in 2022 and the same is projected to reach US$ 15.3 billion by 2032-end. Worldwide demand for apiculture products is estimated to increase at a CAGR of 4% through 2032.

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Apiculture is a technical term that is used for 'beekeeping'. It plays a vital role in our agriculture system and the same is responsible for supplying around 31% of food while providing pollination for over 100 species of flowering plants.

Competitive Landscape

Key players in the apiculture market are adopting strategies for the generation of novel growth opportunities. Some of these key strategies are acquisition, collaboration, novel product launches, portfolio expansion, partnerships, and agreements that are adopted by players to gain a competitive edge in the industry.

• Amul Honey, in September 2021, launched an item of GCMMF (Gujrat Cooperative Milk Marketing Federation Ltd.). This initiative is under active cooperation with NBB (National Bee Board).

• In 2021, Hilltop launched an original apiculture lip balm. It contains natural emulsifiers that replenish and hydrate lips and provide protection against UV rays. This launch provides assistance to establish a market for natural products that are gaining popularity among consumers.

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Key Companies Profiled:

• Wild Forest Honey
• Forest Essentials
• Zizira
• Roses&Tulip
• Betterbee Inc.
• Beehive Botanicals Inc.

"Rising Consumer Preference for Ayurveda Products will Drives The Demand for Apiculture"

The rising consumer preference for ayurveda products is driving the demand for apiculture. Apiculture is the practice of beekeeping and the production of honey, beeswax, and other products derived from bees. The demand for apiculture is increasing due to the growing popularity of ayurvedic products.

Ayurvedic products are made from natural ingredients, which are often derived from bee products such as honey, beeswax, and propolis. The increasing demand for ayurvedic products has led to an increase in the number of beekeepers in India. Beekeepers are now able to produce more honey and other bee-derived products, which are then used in ayurvedic products. This has resulted in an increase in the number of apiculture-related businesses in India. The increasing demand for ayurvedic products has also led to an increase in the number of beekeepers in other countries as well. This has resulted in an increase in the global production of honey and other bee-derived products, which are then used in ayurvedic products.

In conclusion, the rising consumer preference for ayurveda products is driving the demand for apiculture. This has resulted in an increase in the number of beekeepers, research and development activities related to apiculture, and the global production of honey and other bee-derived products. All these factors have contributed to the growth of apiculture-related businesses around the world.

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Key Segments:

• By Product:

o Honey

 Liquid Honey
 Comb Honey
 Creamed Honey
 Floral Honey

o Honey Dew
o Beeswax
o Bee Venom/Apitoxin
o Royal Jelly
o Propolis/Bee Glue

• By End Use:

o Cosmetics
o Agriculture
o Pharmaceuticals
o Food & Beverages

 Alcoholic Beverages

 Non-alcoholic Beverages

o Industrial

• By Region:

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.