Global Beeswax Market By Type (Yellow Beeswax, White Beeswax, Others) Product Type (Organic, Conventional) Application (Cosmetic & Personal Care, Pharmaceuticals, Food, Agriculture, Metal Casting Molding, Candle Manufacturing, Wood & Leather Finishes, Industrial Lubricants, Waterproofed Textiles) – Industry Trends and Forecast to 2029
Market Analysis and Size
Beeswax is commonly used in both household and commercial applications such as glazing agents, cheese coating, chewing gums, food additives, and processed fruits. Beeswax is regarded as a pure and natural ingredient in food, beverage, cosmetics, personal care, and pharmaceutical products. With the advancement of science and technology, beeswax can be used in various other products in the food and beverage industries.
Data Bridge Market Research analyses that the beeswax market which was growing at a value of 0.53 billion in 2021 and is expected to reach the value of USD 0.67 billion by 2029, at a CAGR of 3.0% during the forecast period of 2022-2029.
Market Definition
Beeswax is a natural wax produced by Apis mellifera honey bees. Eight wax-producing glands in the abdominal segments of worker bees form the wax into scales, which are then discarded in or near the hive. All types of honeybees produce beeswax, though the waxes produced by different species have slightly different physical and chemical properties.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Yellow Beeswax, White Beeswax, Others) Product Type (Organic, Conventional) Application (Cosmetic & Personal Care, Pharmaceuticals, Food, Agriculture, Metal Casting Molding, Candle Manufacturing, Wood & Leather Finishes, Industrial Lubricants, Waterproofed Textiles)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Heavenly Organics (U.S.), Nature Nate's (U.S.), YS organics (U.S.), Manuka Health (New Zealand), Barkman Honey, LLC (U.S.), Wedderspoon Organic (U.S.), Rowse Honey (U.K), Hilltop Honey (Wales), Madhava Ltd. (U.S.), GloryBee (U.S.), Wholesome Sweeteners Inc (U.S.), Lamex Food Group Limited (U.K), UTMT (India), Amish Honey (India), Little Bee Impex (India), Organic Valley (U.S.), Waitrose & Partners (U.K), United Natural Foods, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Clif Bar & Company (U.S.), The Kraft Heinz Company (U.S.)
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Opportunities
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Beeswax Market Dynamics
Drivers
- Various applications of beeswax in agriculture industry
In agriculture, beeswax is used for a variety of purposes. It has the potential to be used as an insecticide, fungicide, and pollinator attractant. It can also be made into candles, lip balm, and other products. Beeswax is a natural product produced by bees. It is made of honeycomb and keeps the honeycomb safe from the elements.
- Increase in the demand for organic meat
The consumer trend toward healthier lifestyles through organic products has been one of the main drivers of the increase in natural products. In the minds of consumers, good health is often associated with all things wild, whereas chemicals are thought to be the source of side effects. As a result of these perceptions, there is a demand for natural additives and ingredients used in cosmetics. Furthermore, consumer trends are expected to pave the way for the expansion of eco-conscious and naturally-derived cosmetic enhancements, opening new opportunities in the near future.
Opportunity
Increased concern about carbon footprints is also expected to encourage manufacturers to seek out new environmentally friendly resources, develop new products, and introduce new packaging solutions. Similarly, the demand for organic goods is shaped by consumers' desire for products made with natural ingredients. Due to beeswax's coating properties and rising demand for organic and natural ingredients in various products, pharmaceutical industry applications are expected to grow further, rapidly driving revenue growth in the pharmaceuticals segment.
Restraints
The main limitation is that it has specific adverse health effects when consumed in large quantities. It can cause intestinal blockage and allergic reactions, especially in allergic people to honey and its products. Less product awareness will act as a restraint further challenging the growth of the beeswax market during the forecast period.
This beeswax market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the beeswax market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Beeswax Market
Since the movement of non-essential vehicles has been prohibited, extended lockdowns are expected to be a major disadvantage for beekeepers. Farmers in India have found it difficult to transport their massive beehive boxes from one state to another, or even within each state. Global food production, which is heavily reliant on bee pollination, is expected to be harmed as a result of COVID-19-related lockdowns in various countries. The indefinite global lockdown has created unprecedented health risks for people. Although beeswax is a potential antimicrobial in numerous research studies, it has been considered a good alternative for antiviral drugs in the treatment of some viral infections.
Recent Development
- Hilltop launched an original beeswax lipbalm in 2021, which contains natural emulsifiers that hydrate and replenish and protects against UV rays. It establishes a market for natural products that have recently gained popularity among consumers.
- Bacofoil will introduce new beeswax wraps made from organic beeswax in 2021. It allows consumers to choose a more sustainable food wrap option from a brand that is synonymous with high-quality product performance.
- Charlotte Tilbury launched her magic lip scrub in 2021, which contains natural ingredients like shea butter and beeswax to buff away dead skin cells. It is generating a sizable market for organic products.
Global Beeswax Market Scope
The beeswax market is segmented on the basis of type, product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Yellow Beeswax
- White Beeswax
- Others
Product type
- Organic
- Conventional
Application
- Cosmetic & Personal Care
- Pharmaceuticals
- Food
- Agriculture
- Metal Casting Molding
- Candle Manufacturing
- Wood & Leather Finishes
- Industrial Lubricants
- Waterproofed Textiles
Beeswax Market Regional Analysis/Insights
The beeswax market is analysed and market size insights and trends are provided by country, source, type, end-user and distribution channel as referenced above.
The countries covered in the beeswax market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
Beewax is primarily produced and consumed in Asia and Africa. India, Ethiopia, Argentina, and Turkey are among the leading beeswax producers. The pharmaceutical uses of beeswax are the primary reasons for its high production in India and Africa. which is attributed to the rising prevalence of lifestyle-related diseases that cause skin-related conditions, the onset of ageing symptoms on the skin and hair, and rising disposable income among consumers in the region The demand for beeswax is expected to rise in the coming years due to an increase in diseases in the Afro-Asian region, and beeswax is required to cure some of these diseases.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Beeswax Market Share Analysis
The beeswax market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to beeswax market.
Some of the major players operating in the beeswax market are:
- Heavenly Organics (U.S.)
- Nature Nate's (U.S.)
- YS organics (U.S.)
- Manuka Health (New Zealand)
- Barkman Honey, LLC (U.S.)
- Wedderspoon Organic (U.S.)
- Rowse Honey (U.K)
- Hilltop Honey (Wales)
- Madhava Ltd. (U.S.)
- GloryBee (U.S.)
- Wholesome Sweeteners Inc (U.S.)
- Lamex Food Group Limited (U.K)
- UTMT (India)
- Amish Honey (India)
- Little Bee Impex (India)
- Organic Valley (U.S.)
- Waitrose & Partners (U.K)
- United Natural Foods, Inc. (U.S.)
- Conagra Brands, Inc. (U.S.)
- Clif Bar & Company (U.S.)
- The Kraft Heinz Company (U.S.)
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