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