IMARC Group, a leading market research company, has recently releases report titled “Indian Apiculture Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the Indian apiculture market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Indian apiculture market?
The Indian apiculture market size reached INR 23,060.5 Million in 2022. Looking forward, IMARC Group expects the market to reach INR 44,814.7 Million by 2028, exhibiting a growth rate (CAGR) of 11.65% during 2023-2028.
What is apiculture?
Apiculture is the practice of beekeeping, which involves the rearing and management of bees for various purposes. It is primarily focused on the cultivation and maintenance of honey bee colonies for the production of honey, beeswax, royal jelly, pollen, and other bee-related products. Apiculture encompasses tasks such as providing suitable hives for bees, ensuring their health and welfare, managing their reproduction, and harvesting the products they produce. Beekeepers play a crucial role in maintaining the bee populations, supporting pollination in agriculture, and supplying honey and other bee-derived products to meet consumer demands. Apiculture is not only a productive agricultural activity but also contributes to ecological balance and biodiversity.
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What are the growth prospects and trends in the Indian apiculture industry?
The Indian apiculture industry has promising growth prospects and is experiencing several trends. Firstly, there is an increasing demand for honey and other bee products due to rising health consciousness among consumers and the growing popularity of natural and organic products. This demand is fueled by a shift towards healthier and sustainable alternatives.
Secondly, the government's initiatives to promote beekeeping as an agricultural activity have led to an expansion of the apiculture sector. Schemes and subsidies are provided to encourage beekeeping practices and improve beekeeping infrastructure. Furthermore, the role of bees in pollination has gained recognition, and beekeeping is now seen as a means to enhance agricultural productivity. This has led to the adoption of beekeeping by farmers for improved crop yields and quality.
Moreover, there is a growing interest in value-added products like beeswax, royal jelly, and propolis, which offer additional revenue streams for beekeepers. With favorable market conditions, government support, and increasing awareness about the importance of bees, the Indian apiculture industry is expected to witness significant growth in the coming years.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Honey
- Beeswax
Application Insights:
- Direct Consumption
- Food and Beverages
- Pharmaceuticals
- Cosmetics
- Others
Regional Insights:
- North India
- South India
- East India
- West India
Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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