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