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

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...read more.

Industry Statistics & Market Size
Revenue
$348m
Annual Growth 11-16
4.4%
Forecast Growth 16-21
Profit
Employment
32,151
Businesses
29,484
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Despite new markets, imports will place pressure on prices and hurt industry revenue
  • Food and beverage producers are increasingly looking for low-cost imports of honey
  • Farmers will be forced to lower prices, as low-priced imports continue to enter the United States
  • Industry Report - Starting a New Business Chapter

    Barriers to entry into the Beekeeping industry are moderate. The equipment required to enter the industry is not expensive and initial stock is relatively easy to obtain, with many established apiarists offering “nucleus colonies” for sale. Therefore, capital requirements do not impede new entrants into the industry.However, state regulations may limit potential industry entrants. Beehives must be registered with state departments of agriculture and are subject to inspections. Furthermore, honey bees must be certified for shipment between states. Additionally, a small degree of technical knowledge is required by beekeepers to keep their hives well maintained and ensure optimal growth...purchase to read more.

    Additional Insights for the Beekeeping Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beekeeping Industry are

  • Ability to raise revenue from additional sources
  • Must comply with government regulations
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Per capita sugar and sweetener consumption and Demand from crop production in the Beekeeping industry impact industry performance..

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    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
  • Honey
  • Other products
  • Pollination services
  • Industry Activities
  • Bee production
  • Beeswax production
  • Queen bee production
  • Honeybee production
  • Propolis production
  • Bee pollen collection
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita sugar and sweetener consumption
  • Demand from crop production
  • External competition for the Beekeeping industry
  • Per capita disposable income
  • Trade-weighted index
  • World price of sugar

  • Current Performance
  • Less honey, more money
  • Import competition
  • Changing landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Import penetration
  • Product development and niche markets
  • Table: Beekeeping Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Beekeeping Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cereal Production
  • Candy Production
  • Ice Cream Production
  • Meat, Beef & Poultry Processing
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Miscellaneous Product Manufacturing

  • Key Selling Industries
  • Farm Supplies Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling

  • Products & Services
  • Honey
  • Pollination services
  • Other products
  • Chart: Beekeeping Industry Products and Services Segmentation

  • Demand Determinants
  • Honey
  • Honey and byproducts
  • Pollination services

  • Major Markets
  • Cooperatives and private processors
  • Farmers
  • Other
  • Retailers
  • Exports
  • Apiculturists
  • Chart: Major Market Segmentation for the Beekeeping Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and Other Costs
  • Chart: Cost Structure Benchmarking – Sector vs Beekeeping

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beekeeping Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Beekeeping Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Beekeeping Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Honey Production (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Colony Collapse Disorder (Ccd)
  • A disease that has resulted in the mysterious disappearance of many US honeybee colonies.
  • Cooperative
  • A jointly owned, vertically integrated organization, also referred to as a co-op, which produces and distributes goods for the benefit of the owners.
  • Nucleus Colonies
  • Consists of frames and bees.
  • Propolis
  • A resinous material of waxy consistency collected by bees from the buds of trees and used as a cement in the hive. This product can be used in a variety of medicines.
  • Royal Jelly
  • A highly nutritious substance secreted by nurse bees that is fed to queen and the very young larvae in a colony.
  • Why buy this report?

    IBISWorld’s Beekeeping Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Beekeeping industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Beekeeping:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Beekeeping market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Beekeeping, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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