Beeswax Market 2020 – Revenue Status & Forecast Report 2027
Beeswax Market To Reach USD 653.7
Million By 2027
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Market Summary
The key demand of Beeswax comes primarily from
the food, pharmaceutical, and cosmetic industries.
Market Size – USD 531.1 Million in 2019, Market
Growth - CAGR of 2.8%, Market Trends – High
demand from developing nations.
M a Orkuetr S Aumpmparroyach
The Beeswax Market is forecast to reach USD 653.7 Million by 2027, according to a new report by Reports
and Data. The major factor for the increase in demand for Beeswax includes the food industry,
pharmaceutical, and cosmetic industry. The surge in demand from food confectioners & food manufacturers,
increase in consciousness for its therapeutic effects among consumers, the rise in cash flow, awareness
among consumers about the benefits of natural ingredients in their personal care are all anticipated to drive
the beeswax market in the forecasted duration.
The primary restraining factor is its several aftereffects on health when consumed in higher quantities. It can
cause intestinal occlusion and its allergic reactions, especially in people who are allergic to honey and its
products.
The growing awareness for beeswax in its natural and moreover organic form and its intense application in
skincare products is the rising drift in the personal care industry like in lip care, treating eczema, acne, dry
skin, and in reducing stretch marks.
Key participants include Dabur India Ltd., Seidler Chemicals Co., Bulk Apothecary, Pacific Coast
Chemicals, Jedwards International Inc., Frank B Ross Co., Hase Petroleum Wax Co., TMC Industries,
Shandong Bokang Apiculture Co. Ltd., Aroma Naturals.
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M a r kOeut Sru Ampmparyoach
Distribution Channel Outlook (Revenue, USD Million; 2017-2027)
• Direct Sale
• Retail Sale
• Hypermarket / Supermarket
• Grocery stores
• Online retailers
• Others
Application Outlook (Revenue, USD Million; 2017-2027)
• Cosmetic & Personal Care
• Pharmaceutical
• Sculptures and Consumer Goods
• Food and Confectionary
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M a r kOeut Sru Ampmparyoach
Colour Outlook (Revenue, USD Million; 2017-2027)
• White Beeswax
• Yellow Beeswax
End-Use Outlook (Revenue, USD Million; 2017-2027)
• Commercial
• Processed Fruits
• Chewing Gums
• Food Additives
• Household
M a r kOeut Sru Ampmparyoach
Further key findings from the report suggest
• Direct sales mean to direct selling of Beeswax as an additive to other industries. Beeswax is broadly used
as a waterproofing agent for wood and leather, and for strengthening threads; it is used in rural industries
such as candle-making and as an additive in ointments, medicines, soaps, and polishes. Beeswax is in
substantial demand in the world market.
• Beeswax works as an excellent additive to cosmetics, for several reasons. When used in lotions and
creams, beeswax produces a blockage that helps to seal moisture into the skin. This blockage also helps to
prevent the skin from environmental toxins and irritants.
• Asia, North America, and Europe are expected to be the largest markets for Beeswax over the projected
period due to the rapid development in pharmaceutical and wide use in the cosmetic industry.
• Key participants include Dabur India Ltd., Seidler Chemicals Co., Bulk Apothecary, Pacific Coast Chemicals,
Jedwards International Inc., Frank B Ross Co., Hase Petroleum Wax Co., TMC Industries, Shandong Bokang
Apiculture Co. Ltd., Aroma Naturals.
Read More @ https://www.reportsanddata.com/report-detail/beeswax-market
A b oOuutr U Aspproach
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