The global apiculture market size was estimated at USD 8.95 billion in 2023 and is projected to grow at a CAGR of 4.0% from 2024 to 2030, owing to the versatility of bee products extends beyond food and beverages. They are integral to various sectors, including pharmaceuticals, cosmetics, and agriculture. For instance, honey and royal jelly are commonly used in dietary supplements, while beeswax is a popular ingredient in skincare products. This broad applicability enhances the market’s resilience and growth potential as different industries increasingly invest in bee-related products to meet consumer demands.
Type Insights
Honey product dominated the market with a revenue share of 50.2% in 2023. Honey is the most prominent product in the apiculture market, known for its natural sweetness and numerous health benefits. Initially valued primarily for its medicinal properties, honey has evolved into a staple ingredient in the food and beverage industry. Its popularity is driven by a rising consumer preference for natural sweeteners over artificial alternatives, leading to increased exploration and innovation within the honey sector.
End-use Insights
Food & beverages end use dominated the market with a revenue share of 43.3% in 2023.The food and beverage sector remains the largest end-use application for bee products, particularly honey. As consumers become more health-conscious, there is a notable shift from artificial sweeteners to natural alternatives, with honey being a preferred choice due to its rich flavor and health benefits.
Regional Insights
Asia Pacific Apiculture Market Trends
Asia Pacific dominated the market segment with a revenue share of 35.6% in 2023. The demand for honey is surging in the Asia Pacific region, fueled by a shift towards natural sweeteners in food and beverages.
Key Apiculture Companies:
The following are the leading companies in the apiculture market. These companies collectively hold the largest market share and dictate industry trends.
- Capilano Honey Ltd.
- Organic Bee Farms
- Dabur Ltd.
- NOW Foods
- Koster Keunen LLC
- Barkman Honey
- Heavenly Organics
- Strahl & Pitsch Inc.
- Miller’s Honey
- Durham’s Bee Farm
- Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2030)
- Honey
- Beeswax
- Propolis
- Others
- End Use Outlook (Volume, Kilotons; Revenue, USD Million; 2018–2030)
- Medical
- Food & Beverages
- Cosmetics
- Others
