The global apiculture market is expected to grow from $11.71 billion in 2022 to $12.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.57%.

The market is expected to reach $17.92 billion in 2027 at a CAGR of 8.70%. [source: New York, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com]

The apiculture market includes revenues earned by entities through services like pollination services, apiary management, and beekeeping training services.The market value includes the value of related goods sold by the service provider or included within the service offering.

The apiculture market consists of sales of bee products like beeswax, honey, and bee pollen.

Asia-Pacific was the largest region in the apiculture market in 2022.North America is expected to be the fastest-growing region in the forecast period.

The main types of apiculture products are honey, beeswax, live bees, and others. Honey is a sweet, viscous substance produced by honey bees from the nectar of flowers. (some people mistake that honey is from the pollen of flowers but this is not accurate. Flowers use their nectar to attract pollinators in order to transfer pollen.)

It is used in various applications such as food and beverages, medicals, cosmetics, and others.They are farmed through traditional beekeeping and modern beekeeping.