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Beekeeping in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Beekeeping Market Research Report | NAICS 11291 | Dec 2015

Sticky situation: Affordable imports will hurt revenue, but new uses of honey will offset some losses

IBISWorld’s Beekeeping market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$380m
Annual Growth 10-15
3.7%
Annual Growth 15-20
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Profit
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Employment
28,061
Businesses
6,345
Industry Analysis & Industry Trends

The industry has experienced volatile patterns, with rising import volumes and the threat of colony collapse disorder adversely affecting its performance. In particular, the increasing penetration of imports will place downward pressure on the price of US honey. Growth will remain stunted over the next five years, though an expansion into territories like medicine and pollination services will help offset major revenue declines... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The growing value of imports is keeping domestic industry growth limited. Nevertheless, over the 10 years to 2020, industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow an annualized 2.1%, matching the projected 2.2% growth of GDP over the same period. Although domestic honey production is being increasingly substituted by lower-priced imports, US prices are expanding rapidly in response to growing demand from downstream markets, especially in the light of poor weather conditions. In fact, the average price per pound of honey has increased from $1.62 in 2010 to $2.16 in 2014 (latest data available), thus driving up industry revenue.

Honey is also widely used and relatively unchanging... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Beekeeping Industry?

Operators in this industry raise bees. They may collect and gather honey, sell bees, royal jelly, bees' wax, propolis, pollen, venom and other bee products.

Industry Products
HoneyBeeswaxLive beesOther productsPollination services
 
Industry Activities
Bee productionBeeswax productionQueen bee productionHoneybee productionPropolis productionBee pollen collection


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