Apiculture Market in India : Size, Share & Forecast Report 2023-28

According to the latest report by IMARC Group, titled "Indian Apiculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The Indian apiculture market size reached INR 23,060.5 Million in 2022. Looking forward, IMARC Group expects the market to reach INR 44,814.7 Million by 2028, exhibiting a growth rate (CAGR) of 11.65% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists, and all those who are planning to foray into the market in any form.

What is apiculture?

Apiculture, also known as beekeeping, is the study and practice of cultivating bees on a commercial scale to produce products such as honey, propolis, royal jelly, and beeswax. Apiculture involves the mass breeding of bees in apiaries where beehives are set up and placed in areas with a high concentration of flowering plants. Apis Indica, or Indian bee, is the most commonly reared and domesticated bee species in India due to its high yield of honey every year. Honey, produced by bees using the nectar or sugary secretions of plants, serves as a vital ingredient in various food dishes, and cosmetics, and pharmaceutical products. Apart from this, the beeswax obtained from beehives is used in the manufacturing of candles and polishes for footwear and furniture.

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Indian Apiculture Market Trends and Drivers:

The growing ayurvedic industry in India is one of the key factors driving the market growth. Ayurveda is the ancient Indian medicinal system which prescribes extensive usage of honey owing to its medicinal properties. Rising awareness among the masses regarding the benefits of honey has shifted their preference to Ayurveda as a more natural alternative science of healing. People are now widely incorporating honey in their daily diet to ensure maintaining a healthy immune system.

Additionally, honey is a known remedy for the treatment of various respiratory, skin and vision issues without any side-effects, which is also augmenting the consumption of honey in the country. Consequently, manufacturers in the food and beverage industry are launching varied products with honey as the key ingredient. Furthermore, owing to the medicinal benefits of honey and beeswax, industries such as pharmaceutical, and beauty, and personal well-being are extensively utilizing them in the manufacturing of their products, thus contributing significantly to the market growth. On account of the aforementioned factors, the Indian apiculture market is expected to reach a value of INR 44,814.7 Million by 2028, expanding at a CAGR of 11.65% during 2023-2028.

Indian Apiculture Market 2023-2028 Analysis and Segmentation:

The report has segmented on the basis of product type, application, and region.

Breakup by Product Type:

Honey
Bbeeswa

Breakup by Application:

Food and beverages
Pharmaceuticals
Cosmetics

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Breakup by Region:

North India
South India,
East India
West India

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Related Reports By IMARC Group:

Greenhouse Horticulture Market: https://www.imarcgroup.com/greenhouse-horticulture-market

Agricultural Films Market: https://www.imarcgroup.com/agricultural-films-market

Fertilizer Market: https://www.imarcgroup.com/fertilizer-market

United States Feed Additives Market: https://www.imarcgroup.com/united-states-feed-additives-market

Europe Biofertilizer Market: https://www.imarcgroup.com/europe-biofertilizer-market

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