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The Worldwide Apiculture Industry is Projected to Reach $11 Billion by 2026
May 17, 2021 05:43 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The apiculture market is evaluated at US$8.943 billion for the year 2019 and is projected to grow at a CAGR of 3.02%, reaching a market size of US$ 11.015 billion by the year 2026.
Apiculture refers to the management of bees to extract honey and beeswax from their beehives by applying scientific and commercial techniques. The place where the beehives are kept and managed for the production of honey, wax, propolis, etc. is called an Apiary. The growing awareness about the health benefits of honey has made it popular which is anticipated to surge the apiculture market growth in the coming years. Also, there is increased support from the governments of various countries around the world and incentives are being provided by them to p
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The publisher brings years of research experience to the 6th edition of this report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Apiculture Market to Reach $9.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Apiculture estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$9.5 Billion by 2027, growing at a CAGR of 1.8% over the analysis period 2020-2027.
Honey, one of the segments analyzed in the report, is projected to record a 1.9% CAGR and reach US$8.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Beeswax segment is readjusted to a revised 1.5% CAGR for the next 7-year period.
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ResearchAndMarkets.com s offering.
The publisher brings years of research experience to the 6th edition of this report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Apiculture Market to Reach $9.5 Billion by 2027
Amid the COVID-19 crisis, the global market for Apiculture estimated at US$8.4 Billion in the year 2020, is projected to reach a revised size of US$9.5 Billion by 2027, growing at a CAGR of 1.8% over the analysis period 2020-2027.
Honey, one of the segments analyzed in the report, is projected to record a 1.9% CAGR and reach US$8.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Beeswax segment is readjusted to a revised 1.5% CAGR for the next 7-year period.
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