Latin America Apiculture Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Product, Application, And By Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis From 2024 to 2029

Updated On: January, 2024
ID: 3853
Pages: 145

Latin America Apiculture Market Size (2024 to 2029):

The Latin American apiculture market size is expected to reach USD 0.92 billion in 2024 and reach USD 1.27 billion by 2029, growing at a CAGR of 6.65% from 2024 to 2029.

Apiculture is a branch of agriculture that involves the breeding of honey bees to make use of the products of the beehive, chiefly honey. The beekeeper must provide the apiary with care, shelter and care for its environment. This field is found in all the continents, but the activity changes according to the varieties of bees, the level of economic development and the climate. It is an activity in which ancestral methods such as the harvesting of honey by pressing hives are used, but also modern methods like extraction by artificial insemination, centrifugal force, or the study of the path traced by the bees, which are equipped with radar micro-reflectors.

The driving factors of Latin America apiculture market are rising awareness about apiculture and its benefits, growing demand for products obtained from bees such as propolis, honey, beeswax, pollen and royal jelly and growing application in various fields among others. However, the market is constrained by factors like the decreasing number of beehives and beekeepers and the rising incidence of adulteration of honey, among others.

This research report on the Latin American apiculture market is segmented and sub-segmented into the following categories:

Latin America Apiculture Market - By products:

  • beeswax
  • honey
  • live bees
  • others.

Honey has the largest market share in the segment, while live bees are expected to grow at the fastest rate due to the growing importance and need for pollination in agricultural fields.

Latin America Apiculture Market - By Application:

  • agriculture
  • food and beverages
  • medical
  • chemical
  • paints
  • cosmetics

Latin America Apiculture Market – By Country:

  • Brazil
  • Mexico
  • Chile
  • Argentina
  • Rest of Latin America

Factors such as rising awareness about apiculture and rising demand for bee-based products are expected to drive market growth in the region.

KEY MARKET PLAYERS:

Betterbee Inc. (U.S.), Miller’s Honey Company (U.S.), Dabur India Limited (India), Shangdong Bokang Apiculture Co. Ltd. (China), Beehive Botanicals Inc. (U.S.). These are some of the market players dominating the Latin America apiculture market.

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