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. Essentially, due to this slow growth in consumption, IBISWorld expects demand for honey to remain static. Nevertheless, the growing need for honeybees for pollination services will underpin industry revenue growth over the next five years.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.