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.

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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.

The universal Beeswax market research report endows with a significant and meaningful market insights for the business by taking into consideration various factors. Even a number of steps have been utilized in this report for gathering, analysing and recording the data and information. With a systematic problem analysis, model building and fact-finding, this market report lends a hand to businesses in decision-making and managing marketing of goods and services. Beeswax marketing report gives illustrations of the CAGR values for the historic year 2020, the base year 2021, and the forecast for the year 2022-2029.

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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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.
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  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.

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