Beeswax Market
Global Beeswax Market was valued US$ XX Mn in 2019 and is expected to grow at a CAGR of XX % during a forecast period. The global beeswax market holds potential to reach US$XX billion by 2027, driven by factors like its wide usages in polishing materials, assembly of sports equipment, , components of modeling waxes and cosmetic Industry.
Beeswax is a popular product, which comes from bees. It contains fatty acid esters and long-chained alcohols. It is used in hair care and skincare products because of its soothing and hydrating properties. It assisting in repairing and controlling skin damage and promotes healthy hair growth.
Global Beeswax Market, Dynamics:
Beeswax is one of the major sources of income for small scale farmers and enterprises across developing countries. An increase in consumer awareness about the benefits of beeswax is encouraging key players to offer a beeswax products for end-user specific applications, which is expected to drive the global beeswax market growth. Government policy is geared towards promising the development of the beeswax sector with the objective of generating additional income for smallholders, employment in rural and urban areas that will boost the market growth. The report covers the detail analysis of the drivers and restraints by region because every region has different growth dynamics. The supply side and demand side drivers are also covered in separate chapters in the report.
• Demand Side Drivers:
o XX Tons Beeswax production is expected globally by 2027
o Expansion of the Pharmaceuticals industry and demand for cosmetic products among young population across the developed and developing economies are the driving factors.
• Supply Side Drivers:
o Government is promoting Beekeeping as part of its aim to double farmers’ income
o The India has a potential of about XX million bee colonies. Increase in the number of bee colonies increase the production of bee-related products and also boost overall agricultural and horticultural productivity.
Covid-19 Impact on the Global Beeswax Market:
The demand for across the organic chemicals sector has experienced a slump growth during the pandemic. It has also led to the imbalance in supply demand dynamics. The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.
Global Beeswax Market, Segment Analysis:
Cosmetic industry is expected to contribute XX% share in the global beeswax market. The Beeswax in bath and body products is taking the spotlight over similar skin protectants like petroleum jelly. It also has medicinal benefits to its use in cosmetic products. It is a common ingredient for many of the cosmetics women use every day like lip balms, lip sticks, lip gloss, eye shadow, eye liner, and even blush. An increase in the demand for lip balm products are expected to boost the production of the beeswax.
Global Beeswax Market1
Global Beeswax Market, Regional Analysis:
The Asia Pacific region is expected to hold the US$ XX Mn value in the global beeswax market. According to the supply side indicator, the availability of the abundant source is expected to increase the production of the beeswax. Beekeepers in the Asia Pacific region are set to benefit from a beeswax production that also helps to improve the productivity and profitability of smallholder beekeeping.
Global Beeswax Market, Competitive Analysis:
The global beeswax market is highly fragmented. Some of the prominent players of beeswax market includes Roger A Reed, Pothe Hille, Strahl and Pitsch, Akrochem and Adrian. The report covers the clear representation of competitive analysis of key players by application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Beeswax Market.
The objective of the report is to present a comprehensive analysis of the Global Beeswax Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Beeswax Market dynamics, structure by analyzing the market segments and projects the Global Beeswax Market size.
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Scope of the Global Beeswax Market
Global Beeswax Market, By Product Type
• Organic
• Conventional
Global Beeswax Market, By Application
• Pharmaceuticals
• Cosmetics
• Others
Global Beeswax Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Beeswax Market
• Roger A Reed
• Pothe Hille
• Strahl and Pitsch
• Akrochem
• Adrian
• Bee Natural Uganda
• Bills Bees
• New Zealand Beeswax
• Frank B Ross
• Arjun Bees Wax Industries
• Dabur India Ltd.
• Bulk Apothecary
• Paramold
• Dabur India Ltd.
• TMC Industries
This Report Is Submitted By : Maximize Market Research Company
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