Future Market Insights
Global Bee venom extract Market: Summary
The market for bee venom extract has been gaining significant traction across the world, thanks to the technological advancements. This report analyzes and predict the future status of the bee venom extract market at the global and regional level. The market has been assessed over the period from 2012 to 2016. The study includes drivers and restraints of the global bee venom extract market. It also covers impact of these drivers and restraints on demand for bee venom extract during the forecast period.
It also provides the actual market size of bee venom extract for 2017 and estimated market size for 2027 with forecast for the next ten years. The global bee venom extract market has been provided in terms of revenue. The market volume has been defined in kilo tons, while revenue has been provided in US$ Mn.The market numbers have been estimated on the basis of product type and application of bee venom. The market size has been provided in terms of global, regional, and country level markets.
Bee venom also known as apitoxin is a colorless and bitter liquid. According to American Apitherapy Association, bee therapy or Apitherapy is the therapeutic usage of products made by honeybees such as bee venom and bees. The bee venom treatment uses the venom commencing the bees to treat ailments that do not respond to traditional western medicine. Few of the functions of bee venom are curing arthritis, anti-inflammatory, pain relief, and other claims include acne, psoriasis, and scarring from skin cancer. Almost 10,000 bee stings are required to make one gram of bee venom. This makes venom almost seven times more valuable than gold.
Global Bee Venom Extract Market: Drivers and Restraints
One of the major factor driving the bee venom market is the extensive usage of the medicinal products. For instance, bee venom is used majorly in Europe from several decades especially for the treatment of rheumatic diseases. The live bees, as well as the venom extracts, are used for the treatment in Europe.
People are also entering the bee venom business as it is one of the most profitable companies and the collector can increase his income by almost 200%. Another major factor, affecting the bee venom market is the innovation in the bee extraction equipment’s which makes it easy for the manufacturers to extract the bee venom from the hive. The device fits under brood chamber of a colony of the bees. However, the major restraint while collecting the bee venom is the holder techniques and this results in the death of the bee if not handled properly. As a result, dropping its stinger in the collecting device. Earlier the bees were caught when the bees return to their hive. They are given shock waves with electricity and pressed between the rolls so that they sting. However, during this process many of the bees are crushed and also the venom gets contaminated. In another method, the bees are triggered to sting into the plastic or rubber dam.
Global Bee Venom Extract Market: Segmentation
Cosmetic & Personal care
Global Bee Venom Extract Market: Segmentation Overview
The Bee venom is used in the recovery of many diseases, and few of the major diseases are completely healed. The bee venom is used for the treatment of rheumatic diseases, multiple sclerosis, rheumatic fever, high blood pressure, sciatica, psoriasis, hematomas, various skin conditions, and burns, among other. According to the Russian Institute, the bee venom cures cancer and destroy the AIDS virus. The powder form of venom is gaining traction in the market. The venom bee is costlier and costs around $ 80 per gram. Bee venom has numerous therapeutic applications. The bee venom has a stimulating effect on the heart muscles and also controls the cholesterol levels of the body. Bee venom also has antibiotic properties.
Global Bee Venom Extract Market: Regional Outlook
The global bee venom market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia-Pacific excluding Japan (APEJ), and Japan. Bee venom is not much used in the U.S. The primary reason being the lack of availably of beehives in the country. Honey bees are never available in sufficient quantities in the country for analysis and clinical testing. Bee venom is mostly used in Russia, Japan, America, New Zealand, and in the eastern countries where their apitherapy is irreplaceable owing to the variety of products offered.
Global Bee Venom Extract Market: Prominent vendors
Few of the prominent players in the global bee venom extract market are Bee Whisper, ApiHealth NZ Ltd, Fernz, and Abeeco Pure, among others. Few of the strategies adopted by the key players in the market are partnership and collaboration with other operators, expansion into the untapped market, and joint ventures with the organizations in emerging countries to gain the strong foothold in the market.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.