Global Beeswax Market was valued US$ XX Mn in 2019 and is expected to grow at a CAGR of XX %
during a forecast period. The global beeswax market holds potential to reach US$XX billion by 2027,
driven by factors like its wide usages in polishing materials, assembly of sports equipment, ,
components of modeling waxes and cosmetic Industry.
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Beeswax is a popular product, which comes from bees. It contains fatty acid esters and long-chained
alcohols. It is used in hair care and skincare products because of its soothing and hydrating
properties. It assisting in repairing and controlling skin damage and promotes healthy hair growth.
Global Beeswax Market, Dynamics:
Beeswax is one of the major sources of income for small scale farmers and enterprises across
developing countries. An increase in consumer awareness about the benefits of beeswax is
encouraging key players to offer a beeswax products for end-user specific applications, which is
expected to drive the global beeswax market growth. Government policy is geared towards
promising the development of the beeswax sector with the objective of generating additional
income for smallholders, employment in rural and urban areas that will boost the market growth.
The report covers the detail analysis of the drivers and restraints by region because every region has
different growth dynamics. The supply side and demand side drivers are also covered in separate
chapters in the report.
• Demand Side Drivers:
o XX Tons Beeswax production is expected globally by 2027
o Expansion of the Pharmaceuticals industry and demand for cosmetic products among young
population across the developed and developing economies are the driving factors.
• Supply Side Drivers:
o Government is promoting Beekeeping as part of its aim to double farmers’ income
o The India has a potential of about XX million bee colonies. Increase in the number of bee colonies
increase the production of bee-relate