Global Beeswax Market size was valued at USD 581.38 million in 2023 and the total revenue is expected to grow at 3.87% through 2024 to 2032, reaching nearly USD 818.23 million.
The global beeswax market is anticipated to grow at a considerable CAGR of 3.87% during the forecast period. The cosmetic industry holds prominent share of the global beeswax market, as it is highly used in the cosmetic and skin care products. Due to the high consumption of beeswax in cosmetics, beeswax market is expected to grow during the forecast period. It is used in manufacturing cosmetics products such as lip balms, gels, creams, butters, and others, due to which several market players are inclined towards expanding their businesses in cosmetic product line. As a result of which, the companies are coming up with innovative products to attract the people and to increase their customer base.
Top Key Players Covered in The Global Beeswax Market
Beeswax Co. (US), Wedderspoon (New Zealand), Burt's Bees (US), Bee Harmony (US), Scotsburn Honey (Canada), Bee & Flower (China), Ecosoapia (UK), Thymes (US), Waxelene (US), Apiario Silvestre (Brazil), Weleda (Switzerland), Moom (US), Rosebud Perfume Co. (US), Ecco Bella (US), Waxing Kara (US), Highland Bee Company (Scotland), Honey Candles (Canada), Taiga Company (Russia), Toratai (Australia), Bee Natural (South Africa), Beeswax Industries (India), Nyco Products Co. (US), Everglow (Germany), Kamill (Germany), Natroma (UK) and Other active players
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Segmentation:
By Type
· Organic
· Conventional
By Form
· Raw beeswax
· Beeswax Blocks
· Beeswax Pellets
· Beeswax Sheets
By Application
· Cosmetics
· Skincare Products
· Lubricants
· Water Proofing
· Candles
· Packaging
By Distribution Channel
· Retail Stores
· Supermarkets
· Wholesale Distributor
· Online Stores
By End-user
· Cosmetics and Personal Care industry
· Candle Manufacturing Industry
· Food industry
· Others
Key Developments in the Beeswax Market:
Growing Demand for Natural Products: As consumers increasingly prefer natural and organic products, there has been a surge in demand for beeswax, which is a natural and renewable resource.
Expansion of End-Use Industries: Beeswax finds applications across various industries such as cosmetics, pharmaceuticals, food, and candles. The expansion of these industries, driven by changing consumer preferences and innovation, has led to increased demand for beeswax.
Sustainable Beekeeping Practices: With growing awareness about environmental conservation and sustainability, there is a greater emphasis on sustainable beekeeping practices. This includes measures to protect bee populations, promote habitat conservation, and ensure ethical sourcing of beeswax.
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
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