Comprehensive Report on Global Apiculture Market by Knowledge Sourcing Intelligence
The global apiculture is projected to grow at a CAGR of 3.12%, to reach a market size of US$10.074 billion by 2023, from US$8.378 billion in 2017. Apiculture is the care and management of honey bees for the production of honey and wax. The apiculture market is primarily driven by the growing consumption of bee products such as Honey and propolis across industries that include cosmetics, food and beverage, pharmaceutical and etc. The industry is growing at a decent pace owing to a number of investments taking place in the beekeeping sector. Significant return on investment (ROI) and less requirements for land and labor are the key factors that are attracting a number of investors in this field. Rising awareness among consumers regarding the benefits of honey intake is playing an important role in the increasing production of honey in many countries. According to Agriculture and Agri-Food Canada, the total honey production in Canada has increased from 76,468 thousand pounds in 2013 t