Sticky situation: Affordable imports will limit growth, but new uses of honey will offset some losses

Like much of the US agricultural sector, the Beekeeping industry is influenced by weather patterns, import competition and the threat of disease outbreak. Of these, the threat of disease has particularly defined the industry in recent years. As a result, hives died because they could not sustain themselves without worker bees. This has wiped out much of the domestic capacity for honey production over the past five years. The industry is not expected to experience much structural change over the five years to 2022. However, industry revenue is anticipated to decelerate. This slowdown in revenue growth is largely attributable to sluggish growth in per capita sugar and sweetener consumption...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Despite new markets, rising imports will place pressure on prices and industry revenue
  • The price disparity between US and foreign honey has kept exports of US honey low
  • Unpredictable weather patterns will continue to set the tone for revenue spikes and drops
  • Industry Report - Industry Products Chapter

    The two major product categories in this industry are honey and pollination services. Over the past five years, the percentage of income from pollination services has increased relative to honey. Honey imports satisfy the majority of domestic demand for the product.HoneyHoney is purchased directly by the food manufacturing industry, as an ingredient in other food products, and directly by consumers. Per capita consumption of honey in the US has remained relatively constant over the past several decades at about one pound per year. However, domestic honey production accounts for a shrinking portion of consumption as plentiful, lower-cost imports continue to penetrate the domestic market. Roughly 51.0% of industry revenue is derived from the sale of honey products...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's in this report

    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
  • Balancing supply and demand
  • 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
    ProfitPurchasesWagesDepreciation 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
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-Weighted Index (2008-2022)

  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Beekeeping provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
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    • 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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