The Indian apiculture market attained a value of almost INR 18,836.2 million in the year 2019. The industry is further expected to grow at a CAGR of 12.4% over the forecast period of 2020-2025 to reach a value of INR 37,235.9 million by 2025.
The Indian apiculture market is being driven by the rising consumer demand for natural and nutritious products. The rising consumer awareness regarding the various health benefits of honey consumption is aiding the Indian apiculture market.
The growing consumer shift towards Ayurveda is leading to the growth in the demand for honey, a more natural alternative with several medicinal benefits. Thus, among different product types, honey currently accounts for the largest share in the apiculture industry in India. Honey is considered as the best natural moisturiser, especially for dry skin. Thus, manufacturers are adopting it to produce various cosmetic products. The increasing demand for cruelty-free and organic and natural cosmetic products will provide further impetus to the industry growth. Further, South India is the leading regional market in the industry.
Get a Free Sample Report with Table of Contents - Download Now
Apiculture refers to the practice of beekeeping to produce natural honey. Along with honey, several other by-products are also produced, which include beeswax, propolis, royal jelly, and honeycomb, among others.
On the basis of product types, the Indian apiculture market has been bifurcated into honey and beeswax.
Based on applications, the industry is divided into:
The report covers the major regional markets in the Indian apiculture market, which include North India, South India, East India, and West India.
The Indian apiculture market is being driven by the growing production of honey in the region and the rising consumer demand for natural products. Raw honey has been adopted as a folk remedy in the region since ancient times as it provides a variety of health benefits. Owing to the medicinal benefits of honey and beeswax, industries such as pharmaceutical and beauty and personal well-being are increasingly adopting them to manufacture several product types. The growing demand for honey in the ayurvedic industry, which is expanding at a healthy pace in the region, is expected to drive the growth of the apiculture industry over the forecast period.
Further, the growing consumer awareness regarding the consumption of sugar and its harmful effect on health is driving the demand for honey. Honey is used as an alternative to sugar in various dishes and food recipes. The honey found in grocery stores is pasteurised, improving the colour and texture of the honey and eliminating unwanted yeast from the same. Manufacturers are continuously enhancing their production process, further aiming to extend the shelf life of the product, which is expected to aid the industry in the future. Currently, the direct consumption of honey is not very high in the region, but growing consumer awareness regarding the benefits of honey is expected to provide various growth opportunities to the industry over the forecast period.
Owing to its low cost, farmers prefer beekeeping as an important subsidiary occupation, which provides high returns as honey, bee wax, bee venom, propolis, and others. The growing government support to enhance the honey production in India through enhanced commercialisation and innovation and exports are expected to contribute significantly to the industry growth in the coming years.
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model along with giving a SWOT analysis. The report by EMR covers the macro and micro aspects of the industry. It also assesses the key demand and price indicators of the industry.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Indian Apiculture Market Analysis
8.1 Key Industry Highlights
8.2 Indian Apiculture Historical Market (2015-2019)
8.3 Indian Apiculture Market Forecast (2020-2025)
8.4 Indian Apiculture Market by Product Type
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2015-2019)
188.8.131.52 Forecast Trend (2020-2025)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2015-2019)
18.104.22.168 Forecast Trend (2020-2025)
8.5 Indian Apiculture Market by Application
8.5.1 Direct Consumption
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2015-2019)
188.8.131.52 Forecast Trend (2020-2025)
8.5.2 Food and Beverages
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2015-2019)
18.104.22.168 Forecast Trend (2020-2025)
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2015-2019)
188.8.131.52 Forecast Trend (2020-2025)
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2015-2019)
18.104.22.168 Forecast Trend (2020-2025)
8.6 Indian Apiculture Market by Region
8.6.1 Market Share
22.214.171.124 North India
126.96.36.199 South India
188.8.131.52 East India
184.108.40.206 West India
9 Regional Analysis
9.1 North India
9.1.1 Historical Trend (2015-2019)
9.1.2 Forecast Trend (2020-2025)
9.2 South India
9.2.1 Historical Trend (2015-2019)
9.2.2 Forecast Trend (2020-2025)
9.3 East India
9.3.1 Historical Trend (2015-2019)
9.3.2 Forecast Trend (2020-2025)
9.4 West India
9.4.1 Historical Trend (2015-2019)
9.4.2 Forecast Trend (2020-2025)
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players' Market Share
12.3 Company Profiles
12.3.1 Company Overview
12.3.2 Product Portfolio
12.3.3 Demographic Reach and Achievements
12.3.4 Financial Summary
13 Industry Events and Developments
List of Figures and Tables
1. Indian Apiculture Market: Key Industry Highlights, 2015 and 2025
2. Indian Apiculture Historical Market: Breakup by Product Type (INR Million), 2015-2019
3. Indian Apiculture Market Forecast: Breakup by Product Type (INR Million), 2020-2025
4. Indian Apiculture Historical Market: Breakup by Application (INR Million), 2015-2019
5. Indian Apiculture Market Forecast: Breakup by Application (INR Million), 2020-2025
6. Indian Apiculture Historical Market: Breakup by Region (INR Million), 2015-2019
7. Indian Apiculture Market Forecast: Breakup by Region (INR Million), 2020-2025
8. Indian Apiculture Market Structure
In 2019, the Indian apiculture market reached a value of nearly INR 18,836.2 million.
In the forecast period of 2020-2025, the industry is projected to expand at a CAGR of 12.4%.
By 2025, the market in India is estimated to reach a value of INR 37,235.9 million.
The major drivers of the industry such as rising disposable incomes, increasing population, increasing health consciousness, growing demand for organic products, favourable government policies, and rising consumer avoidance of sugar are expected to aid the market growth.
The rising commercialisation and the growing demand for cruelty free organic cosmetics are the major trends guiding the industry growth in India.
North, South, East, and West India are the leading regions in the market, with South India accounting for the largest market share.
Honey is the major product type in the industry.
The significant application sectors in the industry are direct consumption, food and beverages, pharmaceuticals, and cosmetics, among others.
The Indian apiculture market attained a value of INR 18,836.2 million in 2019 driven by the rising health consciousness among the consumers. Aided by the growing commercialisation and exports of honey, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 12.4%. The Indian apiculture market is projected to reach INR 37,235.9 million by 2025.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product types, the regional market can be segmented into honey and beeswax, with honey accounting for the largest market share. On the basis of application, the industry is segmented into direct consumption, food and beverages, pharmaceuticals, and cosmetics, among others. The major regional markets for North India, South India, East India, and West India, with South India accounting for the largest share of the market.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
Single User License
Five User License
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.