Latin America Apiculture Market

Latin America Apiculture Market Size, Growth, Trends and Forecast:

Latin America Apiculture Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.

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 of hives is 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.

Latin America Apiculture Market Drivers:

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 decreasing number of beehives and beekeepers and rising incidence of adulteration of honey among others.

The Latin America Apiculture Market is segmented and sub-segmented into 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 is expected to grow at the fastest rate due to growing importance and need for pollination in agricultural fields.

Latin America Apiculture Market - By Application:

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

The Market is Geographically divided into:

Latin America:

• Brazil
• Argentina
• Chile
• Peru

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

Key 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.)