Apiculture Market Analysis, Scope, Future Trends and Opportunities During 2018-2024
According to a
recent report published by Fast Market Research, titled, Global Apiculture Market 2018: Market Size, Trends, Opportunity, Forecast 2018-2024, the
global apiculture market accounted for USD XX Million in 2018 and is estimated
to reach USD 16,182.9 Million by 2024. Moreover, it is anticipated to flourish
at a CAGR of 2.8% during the forecast period i.e. 2019-2024.
The global
apiculture market has been segmented based on product and application. Based on
the product, this market has been segmented into honey, beeswax, live wax, and
others. Honey segment accounted for highest market share in 2018 and is
anticipated to continue its dominance during the forecast period. In developing
countries, honey consumption has witnessed significant growth in the past few
decades. Further, it is anticipated to increase in the years ahead. This can be
attributed to growing awareness regarding the benefits of honey in diets.
In application
segment, food & beverages market captured significant share of overall
market in 2018. Addition to that, global apiculture market by application has
been segmented into agriculture, cosmetics, medical and others.
Growing
Inclination of Consumers towards Health and Wellness Foods
Rising consumer
preference for natural sweeteners such as honey is anticipated to positively
impact the growth of global apiculture market. Furthermore, rising awareness
regarding health benefits of honey over other artificial sweeteners is driving
widespread demand for honey which in turn is aiding the growth of global
apiculture market.
Increasing
Application in Food & Beverages Products
The future growth
of apiculture market is anticipated to be driven by both i.e. food and non-food
applications. Various non-food end use applications include agriculture,
cosmetics, medical and others. Further, growing usage of honey in these end use
applications is anticipated to intensify the growth of global apiculture market.
Regional
Outlook:
In terms of
geography, the apiculture market is segregated into North America, Europe, Asia
Pacific, Middle East & Africa, and Latin America. Asia Pacific accounted
for the major share of the global apiculture market. Moreover, Europe
apiculture market is expected to showcase lucrative growth in the upcoming
years. U.S., India and China are some of the major countries witnessing the
augmenting demand for apiculture market.
Competitive
Landscape:
The report also
covers detailed competitive analysis of major market players of the global
apiculture market, such as Betterbee, Bartnik, Miller’s Honey Company, Dabur
India Limited, Arnold Honeybee, Mann Lake Ltd., Beehive Botanicals, Inc.,
Thomas Apiculture SAS, Beehive Botanicals Inc. and other key & niche
players. The apiculture market is witnessing a wide range of industry
activities such as product launch, acquisition, mergers, and expansion across
the globe.
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+1 (518) 300-1215
Email: sales@fastmr.com
Website: www.fastmr.com
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