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Bee Venom Extract Market Size, Opportunities, Industry 2031

Global Bee Venom Extract Market

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Segments - by Product Types (Liquids and Powders), Applications (Cosmetic and Personal Care and Pharmaceuticals), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

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Author :

Raksha Sharma

Fact-checked by :

Vineet Pandey

Editor :

Vishal Golekar

Report Description

The global bee venom extract market is anticipated to expand during the forecast period, between 2021 and 2028. Growing adoption of bee venom extracts in the pharma industry and increasing use for skincare purposes among women is boosting the market.

Bee venom is made by bees; it is a colorless acidic liquid, which is the poison that makes bee stings painful. It contains both inflammatory and anti-inflammatory compounds including sugar, amino acids, enzymes, and minerals. Bee venom is used to make medicines for many years and is given as a shot for bee sting allergy.

It is used as a natural treatment for a variety of ailments such as Parkinson's disease, neurological diseases, nerve pain, osteoarthritis, multiple sclerosis (MS), and reducing inflammation to treat chronic illnesses. Bee venom is used in the form of extracts, moisturizers, supplements, lotions, serums, and lozenges. Moreover, bee venom extract offers benefits to the skin such are being used as an anti-aging treatment, improving facial wrinkle, protecting from sun damage, and giving skin its youthful elasticity.

Bee Venom Extract Market Trends, Drivers, Restraints, and Opportunities

Rising awareness among manufacturers related to the profitability and source of income in the bee venom extract business is boosting the market.
Growing adoption of bee venom extracts as in numerous therapeutic applications and other medical purposes are driving the market.
Significant benefits offered by bee venom extract such as maintaining heat and muscle and controlling the cholesterol level of the body. Hence, fueling the market.
High cost associated with bee venom extracts and lack of awareness among consumers related to the advantages of bee venom extract is hindering the market.
Complexities in handling the venom collector equipment are hampering the bee venom extract market.
Growing innovation and technological advancement in the bee extraction equipment that ease the extraction process is creating opportunities for the market.

Scope of Bee Venom Extract Market Report

The report on the global bee venom extract market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Bee Venom Extract Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Product Types (Liquids and Powders), Applications (Cosmetic and Personal Care and Pharmaceuticals)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, Divers, restraints, opportunities, and revenue forecast
Key Players Covered in the Report	Apihealth NZ Ltd, Abeeco Ltd, Bee Rx, Bee Venom Lab LLC, BEEFARM.CO.IN, Citeq Biologics, FERNZ, and IGK Electronics Ltd.

Bee Venom Extract Market Segment Insights

Powder segment to hold significant market share

On the basis of product types, the global bee venom extract market is segmented into liquids and powders. The powder segment is expected to hold a significant market share during the forecast period, due to the growing usage in skincare and cosmetic application. Bee venom powder contains anti-fungal, anti-bacterial, and anti-inflammatory properties. Moreover, the availability and production of bee extract powder are more as compared to liquid, which is expected to boost the segment during the forecast period.

Pharmaceuticals segment to grow in the forecasted period

Based on applications, the global bee venom extract market is segregated into cosmetic and personal care, and pharmaceuticals. The pharmaceuticals segment is expected to hold a significant share of the market during the forecast period, due to growing awareness related to benefits provided by bee venom extract. Bee venom helps in treating medical conditions such as nerve pain, rheumatoid arthritis, multiple sclerosis (MS), reducing the bee sting reacting (venom therapy), treating muscle conditions such as enthesitis, and fibromyositis, and swollen tendons. These factors are anticipated to propel the pharmaceutical segment during the forecast period.

Europe dominates the global market

In terms of regions, the global bee venom extract market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Europe constituted a significant share of the market in 2020. In Europe, bee venom extract is used for treating rheumatic disease for several years. The market in Europe is projected to expand at a significant CAGR during the forecast period, due to the availability of a wide range of products for performing apitherapy, which is promoting the market growth in the region.

Segments

By Product Types

Liquids
Powders

By Applications

Cosmetic and Personal Care
Pharmaceuticals

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

Apihealth NZ Ltd
Abeeco Ltd
Bee Rx
Bee Venom Lab LLC
BEEFARM.CO.IN
Citeq Biologics
FERNZ
IGK Electronics Ltd.

Competitive Landscape

Key players in the global bee venom extract market include Apihealth NZ Ltd, Abeeco Ltd, Bee Rx, Bee Venom Lab LLC, BEEFARM.CO.IN, Citeq Biologics, FERNZ, and IGK Electronics Ltd. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bee Venom Extract Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bee Venom Extract Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bee Venom Extract Market - Supply Chain
  4.5. Global Bee Venom Extract Market Forecast
     4.5.1. Bee Venom Extract Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bee Venom Extract Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Bee Venom Extract Market Absolute $ Opportunity
5. Global Bee Venom Extract Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Bee Venom Extract Market Size and Volume Forecast by Applications
     5.3.1. Cosmetic and Personal Care
     5.3.2. Pharmaceuticals
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Bee Venom Extract Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Bee Venom Extract Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Bee Venom Extract Demand Share Forecast, 2019-2026
7. North America Bee Venom Extract Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Bee Venom Extract Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Bee Venom Extract Market Size and Volume Forecast by Applications
     7.4.1. Cosmetic and Personal Care
     7.4.2. Pharmaceuticals
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Bee Venom Extract Demand Share Forecast, 2019-2026
8. Latin America Bee Venom Extract Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Bee Venom Extract Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Bee Venom Extract Market Size and Volume Forecast by Applications
     8.4.1. Cosmetic and Personal Care
     8.4.2. Pharmaceuticals
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Bee Venom Extract Demand Share Forecast, 2019-2026
9. Europe Bee Venom Extract Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Bee Venom Extract Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Bee Venom Extract Market Size and Volume Forecast by Applications
     9.4.1. Cosmetic and Personal Care
     9.4.2. Pharmaceuticals
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Bee Venom Extract Demand Share Forecast, 2019-2026
10. Asia Pacific Bee Venom Extract Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Bee Venom Extract Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Bee Venom Extract Market Size and Volume Forecast by Applications
     10.4.1. Cosmetic and Personal Care
     10.4.2. Pharmaceuticals
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Bee Venom Extract Demand Share Forecast, 2019-2026
11. Middle East & Africa Bee Venom Extract Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Bee Venom Extract Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Bee Venom Extract Market Size and Volume Forecast by Applications
     11.4.1. Cosmetic and Personal Care
     11.4.2. Pharmaceuticals
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Bee Venom Extract Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Bee Venom Extract Market: Market Share Analysis
  12.2. Bee Venom Extract Distributors and Customers
  12.3. Bee Venom Extract Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Apihealth NZ Ltd
     12.4.2. Abeeco Ltd
     12.4.3. Bee Rx
     12.4.4. Bee Venom Lab LLC
     12.4.5. BEEFARM.CO.IN
     12.4.6. Citeq Biologics
     12.4.7. FERNZ
     12.4.8. IGK Electronics Ltd.

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