Apiculture Market: The Impact of Climate Change on Honeybee Populations
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. Moreover, beeswax is utilized in the pharmaceutical industry as a binding agent and a time-release mechanism for medications, enhancing the efficacy of drug delivery systems. The ongoing research into the medicinal properties of these products continues to unveil new applications, further solidifying their place in modern healthcare. The demand for bee products, particularly ...