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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 | Jan 2017

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
Industry Statistics & Market Size
Revenue
$348m
Annual Growth 11-16
4.4%
Annual Growth 16-21
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Profit
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Employment
32,151
Businesses
29,484
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 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.

Honey

Honey 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.

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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
HoneyOther productsPollination services
 
Industry Activities
Bee productionBeeswax productionQueen bee productionHoneybee productionPropolis productionBee pollen collection


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