Overview

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

IBISWorld’s Beekeeping market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

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

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

  • shopping_cartBUY NOW TO READ MORE

    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...

    shopping_cartBUY NOW TO READ MORE

    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.

    ..

    shopping_cartBUY NOW 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..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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 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.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear