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.
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.
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.
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