Growing honey market in East European region offers new opportunity for honey exporters in developing countries; estimated to reach $9,525.6m by 2020
According to the report “Apiculture Market Analysis: By Products (Honey, Beeswax, Live Bees); By Applications (Food & Beverage, Agriculture, Military, Medicine, Cosmetic and Chemical) and By Geography – Forecast (2015 – 2020)”, published by IndustryARC, the apiculture market is estimated to reach $ 9,525.6 Million by 2020 at a high CAGR.
Browse 98 Market Tables, 22 Figures spread through 167 Pages and an in-depth TOC on “Apiculture Market (2015 – 2020)”:
The rising demand for sustainable living, inclination towards healthy food and environmental issues have been supporting the growth of apiculture market. Maintenance of good hive health and protection of bees from infections and diseases arising from mites and other parasites or predators are the key challenges in apiculture. The apiculture market is segmented on the basis of product type, applications, and geography. By product type, the market is divided into honey, beeswax, live bees and others. By applications, the market has been segmented into food & beverages, agriculture, medical, cosmetics, chemicals and paints and others. Global apiculture market is estimated to grow at a CAGR of 2.6% to reach $9,525.6 Million by 2020. China, Europe, Turkey, Ukraine are the top producers of apiculture products. The report analyzes the apiculture related products in various applications and covers the market demand for respective regions.
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Honey markets in East European countries (such as Poland and Romania) are small but rapidly growing, offering opportunities to exporters from developing countries. However, exporters are subjected to stiff competition from unorganized traders. This trend is clearly reflected by the volume of imports from these countries. Certainly, honey imports from developing countries increased significantly between 2010 and 2014, to around 178 thousand tonnes. Europe has been a major honey consuming region, 48% of total honey imports were directed to the EU in 2014. Henceforth, growing honey market in East European regions offers new opportunity for honey exporters in developing countries.
The Key Players in this Market Include:
- Betterbee, Inc
- Bartnik, Llc
- Beehive Botanicals, Inc
- Seldom Fools Apiculture
- Miller’s Honey Company
Food & beverages is the single largest segment for bee products, mainly due to their wide application base as an ingredient as well as supplement. Food & beverages accounted for over 82.2% of the global apiculture market in terms of revenue in 2014. The applications of honey has expanded at a rapid pace in the food & beverages industry and is primarily driven by the demand for healthy and natural products in developed as well as developing nations. Acquisitions and expansions are few of the growth strategies employed by the key players in this industry to gain competitive advantage over their peers.
Various end-use applications included in the report are:
- Food & beverages
- Chemicals and paints
The overall market is also presented from the perspective of different geographic regions and the key countries of each region.
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