A12010 | Pages: NA | Jul 2022 | 941 Views | ||
Author(s) : Roshan Deshmukh | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Beeswax Market
Request Now !The beeswax market is experiencing a significant growth, and is anticipated to experience growth in the next few years. The beeswax is regarded as the natural wax, extracted from honeybees. Beeswax is extracted from the honey laid down by the worker bees in the hive. It is rich in fatty acids and long chained alcohols. It is used as lubricants and cleaning & flavoring agents. It is used in cosmetics for making makeup products such as lip balm and eye shadow. Moreover, the lower cost of production is the second factor contributing toward the growth of the beeswax industry.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020–2030 |
Base Year Considered | 2020 |
Forecast Period | 2021–2030 |
Forecast Unit | Value (USD) |
Regions Covered | North America, Europe, Asia-Pacific, LAMEA |
Segments Covered | Application, Product Type, Distribution Channel, and Region |
Companies Covered | Dabur India Ltd., Seidler Chemical Co., Bulk Apothecary, Pacific Coast Chemicals, Jedwards International Inc., Frank B Ross Co, City Chemical LLC, TMC Industries, Shandong Bokang Apiculture Co., Ltd., Roger A Reed Inc., Alfa Chemical Corp, Hase Petroleum Wax Co., Aroma Naturals Inc., Chengdu Feng’s Apiculture Co., Ltd, Thomas Apiculture SAS, Luberon Apiculture, Glenn Apiaries, Dutch Gold Honey, and Miller’s Honey Company.
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COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Wide variety of usage of beeswax
Beeswax is used in various industries such as cosmetics, pharmaceuticals, and confectionery. It is used to make various ointments, gels, balms, and creams, in the pharmaceutical industry. It is used as a coating to cheese and providing sealing to the food containers in the food industry.
It is used for making beauty creams, soaps, and moisturizers, in the cosmetic industry. Using beeswax in the cosmetic products make it a natural beauty product for the consumer and hence increases the demand for beeswax in the market
Asia and Africa are the dominators in the market
Asia and Africa are the biggest producers and consumers of beeswax in the market because of high usage of beeswax for pharmaceutical purposes. The rise in the demand for beeswax in these regions boosts the growth of the beeswax market.
Moreover, the companies are further trying to focus on the expansion of the products due to the above mentioned reasons.
Key Segments Covered
Application
Product Type
Distribution Channel
Region
Key Benefits of the Report
Questions answered in the Report
Key Market Segments
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Key Market Players
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