Beekeeping in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: January 2024
NAICS 11291Revenue
$624.2m
Past 5-Year Growth
Profit
$XX.Xm
Employees
16,814
Businesses
14,858
Wages
$XXX.Xm
Beekeeping in the US industry analysis
According to data from the US Department of Agriculture (USDA), the number of honey-producing colonies in the Beekeeping industry in the US has decreased slightly in 2022 by 1.1%. Despite shrinking production volumes due to reduced farm and consumer demand, honey prices exhibited a 12.0% increase in 2022. A sharp rebound in consumer demand for agriculture products sparked increased demand from farms for pollination services. According to the USDA, which started collecting data on pollination services in 2015, revenue from that segment has supported industry revenue growth, until 2020 when it exhibited a 17.5% decline, causing industry revenue to fall 11.7% in 2020 alone. Reduced demand for pollination services caused industry revenue to decline 10.3% in 2022. Industry revenue has been falling at a CAGR of 6.7% over the past five years, and is expected to reach $624.2 million in 2023. This includes a 1.2% increase in 2023 as farm demand for pollination services continues to increase driven by consumer demand.Due to the rising cost of pollination services, industry profit has decreased during the same period, while it should be noted here that the USDA stopped collecting data on beekeepers with less than five hives in 2019. This industry contends with stiff import competition, with imports accounting for 56.1% of domestic demand in 2023. Large declines in imports are mostly attributable to the US Department of Immigration and Customs Enforcement's seizure of nearly $500.0 million in illegal honey imports from China, while a surge in 2021 comes as a result of the increased import competition from Argentina. Overall, since industry products are priced in cents per pound, percent swings in industry trade values tend to be wide.IBISWorld expects industry revenue to decline at a CAGR of 0.8% over the next five years, reaching an estimated $601.1 million in 2028. The industry is expected to experience hardship as agriculture prices are forecast to fall and consumer demand for honey stabilizes. Agricultural producers demand honeybees for pollination services, and these services will likely drive industry performance over the next five years. Still, industry operators are expected to be wary of colony collapse disorder, as well as other factors affecting the livelihoods of bee populations.
Trends and Insights
- The Beekeeping industry raises bees and gathers honey, while also selling bee, pollen and other products. Similar to much of the Agriculture, Forestry, Fishing and Hunting sector, the Beekeeping industry is influenced by weather patterns, import competition and the threat of disease outbreak.
- The two major product categories in the Beekeeping industry are honey and pollination services. Honey imports satisfy the majority of domestic demand for the product.
- Beekeepers' production largely depends on weather conditions. In general, regions with fruitful crop-producing areas and sufficient rainfall are prerequisites for operators.
- The Beekeeping industry is highly fragmented. It is primarily made up of a large number of small farms and a few larger operations and cooperatives.Many beekeepers are owner-operators that devote productive resources to other farming activities. As such, no individual honey producer accounts for more than 5.0% of industry revenue.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 6.7 % over the past five years, to reach an estimated $624.2m in 2024.
Trends and Insights
US beekeepers have begun to report unusually high losses of hives
- Originally thought to be a part of standard winter die-offs, the phenomenon has been dubbed colony collapse disorder (CCD).
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
There are certain factors that interfere with the operations of beekeepers
- Unpredictable weather patterns will continue to affect revenue, as is the case with most agricultural industries.
Biggest companies in the Beekeeping in the US
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 | Profit ($short_0)
2023 | Profit Margin (%)
2023 |
|---|
There are no companies that hold a large enough market share in the Beekeeping in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Honey, Pollination services and Other products. Honey is the largest segment of the Beekeeping in the US.
Trends and Insights
Per capita consumption of honey in the United States has remained relatively constant
- Honey is purchased directly by food manufacturers as an ingredient in other food products, and also by consumers.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Corn Farming in the US
- Vegetable Farming in the US
- Sugarcane Harvesting in the US
Complementors
- Fruit & Nut Farming in the US
International industries
- Global Sugar Manufacturing
- Beekeeping in Australia
- Beekeeping in New Zealand
Table of Contents
About this industry
Industry definition
Operators in this industry raise bees. They collect and gather honey and sell bees, royal jelly, beeswax, propolis, pollen, venom and other bee products.
What's included in this industry?
Bee productionBeeswax productionQueen bee productionHoneybee productionPropolis productionBee pollen collectionCompanies
Purchase this report to view all major companies in this industry.
Related Terms
PROPOLISROYAL JELLYNUCLEUS COLONIESCOOPERATIVE (CO-OP)COLONY COLLAPSE DISORDER (CCD)Industry Code
NAICS 11291 - Beekeeping in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The Beekeeping industry raises bees and gathers honey, while also selling bee, pollen and other products. Similar to much of the Agriculture, Forestry, Fishing and Hunting se...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The two major product categories in the Beekeeping industry are honey and pollination services. Honey imports satisfy the majority of domestic demand for the product.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Beekeepers' production largely depends on weather conditions. In general, regions with fruitful crop-producing areas and sufficient rainfall are prerequisites for operators.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The Beekeeping industry is highly fragmented. It is primarily made up of a large number of small farms and a few larger operations and cooperatives.Many beekeepers are owner-...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Beekeeping industry is highly fragmented with many small-scale beekeepers operating independently. The nature of beekeeping, with its reliance on natural ecosystems and u...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulation of the Beekeeping industry generally occurs at the state level. Among other things, state-run departments of agriculture operate apiary inspection programs.Due to ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Cost structures vary among operators in the Beekeeping industry, depending on geographic climate conditions and the size of the operation. Larger operators usually earn highe...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Beekeeping in the US industry in United States in 2024?
The market size of the Beekeeping in the US industry in United States is $624.2m in 2024.
How many businesses are there in the Beekeeping in the US industry in 2024?
There are 14,858 businesses in the Beekeeping in the US industry in United States, which has grown at a CAGR of 5.1 % between 2019 and 2024.
Has the Beekeeping in the US industry in United States grown or declined over the past 5 years?
The market size of the Beekeeping in the US industry in United States has been declining at a CAGR of 6.7 % between 2019 and 2024.
What is the forecast growth of the Beekeeping in the US industry in United States over the next 5 years?
Over the next five years, the Beekeeping in the US industry in United States is expected to decline.
What does the Beekeeping in the US in United States include?
Bee production and Beeswax production are part of the Beekeeping in the US industry.
How competitive is the Beekeeping in the US industry in United States?
The level of competition is high and steady in the Beekeeping in the US industry in United States.
