Bees Wax Market Growth 2019-2024
Beeswax is the creamy coloured substance used by bees to build the comb that forms the structure of their nest. Very pure beeswax is white, but the presence of pollen and other substances cause it to become yellow. On the basis of type, White Wax, Yellow Wax and others, Yellow Wax is the largest segment with around65.32% production share of the total market in 2016. Meanwhile, White Wax is more expensive, also account for about 25.69% market share in terms of production. On the basis of geography, the global Bees Wax market is segmented into regions, namely, North America, Asia, Europe and Africa. In 2016, Asia is the largest as well as the steady growing regional market for Bees Wax and held 68.04% share in the global market in 2016.
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The global Bees Wax market comprises numerous players offering broad range of products. Lots of manufactures of Bees Wax offer a wide range of Bees Wax solutions to fit aftermarket requirements. The concentration of the market is very low, among those manufacturers, Roger A Reed is the biggest manufacturer in USA, Henan Weikang and Henan Dongyang are relatively bigger companies in China.
According to this study, over the next five years the Bees Wax market will register a 5.6% CAGR in terms of revenue, the global market size will reach US$ 650 million by 2024, from US$ 470 million in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Bees Wax market by product type, application, key manufacturers and key regions and countries. This study considers the Bees Wax value and volume generated from the sales of the following segments:
Segmentation by product type:
- White Wax
- Yellow Wax
- Other
Segmentation by application:
- Food
- Cosmetics
- Pharmaceuticals
- Other
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- Korea
- Southeast Asia
- India
- Australia
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Spain
- Middle East & Africa
- Egypt
- South Africa
- Israel
- Turkey
- GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report:
- Roger A Reed
- Strahl & Pitsch
- Akrochem
- Poth Hille
- Paramold
- Adrian
- Bee Natural Uganda
- Bill’s Bees
- New Zealand Beeswax
- Frank B Ross
- Arjun Bees Wax Industries
- Henan Weikang
- Henan Dongyang
- Dongguang Jinding
- Dongguang Longda
- Dongguang Henghong
- Dongguang Yiyuan
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global Bees Wax consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Bees Wax market by identifying its various subsegments.
- Focuses on the key global Bees Wax manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Bees Wax with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Bees Wax submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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