In 2023, the global bee venom extract market is estimated at USD 378.0 million. The market is likely to reach nearly USD 618.6 million by 2033, with a growing CAGR of 5.0% from 2023 to 2033.bee venom extract market is estimated at USD 378.0 million. The market is likely to reach nearly USD 618.6 million by 2033, with a growing CAGR of 5.0% from 2023 to 2033.
The demand for bee venom in modern-day medicine is growing steadily as it has anti-inflammatory properties. It claims it can treat rheumatoid arthritis, psoriasis, acne, nerve pain, multiple sclerosis, and scarring from skin cancer. American Apitherapy Association says that Apitherapy or bee therapy is a therapeutic use of products made from honeybees such as bees and bee venoms.
Ailments that usually do not respond to traditional Western medicine are treated using bee venom.The demand for bee venom in modern-day medicine is growing steadily as it has anti-inflammatory properties and claims that it can treat rheumatoid arthritis, psoriasis, acne, nerve pain, multiple sclerosis, and scarring from skin cancer.
American Apitherapy Association says that Apitherapy or bee therapy is a therapeutic use of products made from honeybees such as bees and bee venoms. Ailments that usually do not respond to traditional Western medicine are treated using bee venom treatment.
Driving Forces in the Bee Venom Extract Industry
Challenges for Companies and Manufacturers in the Bee Venom Extract Industry
Investment Opportunities in the Bee Venom Extract Industry
Latest Trends in the Bee Venom Extract Industry
| Report Attribute | Details |
|---|---|
| Bee Venom Extract Market Value (2023) | USD 378.0 million |
| Bee Venom Extract Market Anticipated Value (2033) | USD 618.6 million |
| Bee Venom Extract Projected Growth Rate (2023 to 2033) | 5.0% |
Nearly 10000 bee stings make as little as one gram of bee venom. Therefore, bee venom is almost seven times more valuable than gold. The bee venom extracts market growth is credited to increasing demand for enhancing healthcare infrastructure in several countries like India, the USA, and other European countries.
One of the key market-driving factors of bee venom extract is the increasing prevalence of individuals suffering from hormonal disorders. bee stings make as little as one gram of bee venom, therefore bee venom is almost seven times more valuable than gold.
The bee venom extract market growth is credited to increasing demand for enhancing healthcare infrastructure in several countries like India, the USA, and several other European countries. One of the key market-driving factors of bee venom extract is the increasing prevalence of individuals suffering from hormonal disorders.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Bee venom is widely used in the pharmaceutical industry, and this is one of the primary factors for the growth of this market. Bee venom has been proven to benefit when used therapeutically. For instance, bee venom extracts have been extensively used in Europe for a long time for treating rheumatic infections. Bee venom, as well as live bees, are used for the treatment.
Apitherapy is a substitutive therapy that depends on the use of honeybee products, especially bee venom extracts, for treating several diseases.
The demand for bee venom is steadily surging considering its several beneficial properties, as they contain various active molecules such as enzymes and peptides that can potentially treat inflammation and central nervous system diseases such as Alzheimer's disease, Parkinson's disease, and amyotrophic lateral sclerosis.Alzheimer’s disease, Parkinson’s disease, and amyotrophic lateral sclerosis.
The bee venom extract market is showing promising growth globally, as it has benefitted the cancer segment of the medical industry. Bee venom is said to benefit various cancer types along with its anti-viral activity. It is even likely to challenge the immunodeficiency virus (HIV).
There has been an increasing adoption of bee venom extracts in the cosmetic and skin care industry. Some cosmetic applications of bee venom are facial wrinkles, psoriasis, atopic dermatitis, wound healing, vitiligo, acne vulgaris, androgenetic alopecia, etc.
Researchers say that bee venom and other bee-derived ingredients could be promising agents as skin care actives to aim for nourishment, smoothness, and brightness. However, commercialization will need thorough attention given allergenicity concerns.
Bee venom as a cosmetic ingredient is swiftly increasing and gaining popularity owing to its potential to fool the skin into believing it has been stung. This increases collagen production and blood circulation.
Researchers say that bee venom and other bee-derived ingredients could be promising agents as skin care actives to aim for nourishment, smoothness, and brightness, though commercialization will need thorough attention given allergenicity concerns.
Bee venom as a cosmetic ingredient is swiftly increasing and gaining popularity owing to its potential to fool the skin into believing that it has been stung. This increases collagen production and blood circulation.
Principal Consultant
The North American bee venom extract market is accountable for 32.1% market share in the global market. This region's market growth is anticipated to be sluggish but steady compared to other regions.
The factors such as growing consumer awareness about the health benefits of beef byproducts, increasing need for nutritious food products, and growing application of bee venom in the healthcare industry are propelling the growth of the bee venom extracts market in North America.
The health benefits of beef byproducts, increasing need for nutritious food products, and growing application of bee venom in the healthcare industry are propelling the growth of the bee venom extracts market in North America.
Some factor resisting the growth of bee venom is not much availability of beehives in the USA. Owing to the absence of honeybees, bee venom is in shortage, and therefore no applicable clinical testing or analysis can be done.
Some factor resisting the growth of bee venom is not much availability of beehives in the USA, owing to the absence of honeybees, bee venom is in shortage, and therefore no applicable clinical testing or analysis can be done.
The Europe region is attributable to 27.9% market share in the global bee venom market. This region's market is dominating and is anticipated to remain in a steady position during the forecast period. The growth is attributed to significant use for treating rheumatic diseases, and bee venom extracts and love honeybees both are used for medical treatments in Europe.
Europe is widely incorporating apitherapy owing to the accessibility of wide-ranging products. European countries have broad applications of bee venom. These countries have apitherapy which is unique owing to the availability of a wide range of products.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
A Dunedin, New Zealand-based skincare start-up Bee, you are making a buzz in the rising competitive world of natural cosmetic skin products. The primary foundation of Bee Yu's skincare range is active manuka honey and bee venom, along with botanicals such as harakeke, kiwifruit, and total extract sourced from New Zealand.
A nutraceutical company, Alaron in Nelson, is manufacturing, and the brand is being welcomed locally, and in the United Kingdom, most of the sales are derived online
Some of the key players in the bee venom extract market are Bee Whisper, ApiHealth NZ Ltd, Fernz, Abeeco Pure, Citeq Biologics, and Others. A 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 organizations in emerging countries to gain a strong foothold in the market.
ApiHealth Launched two new bee venom products in the market - Ultra Lifting Firming Mask and Platinum Wrinkle Solution Mask were successfully registered onto the European Cosmetics Products Notification Portal (CPNP). ApiHealth also has a significant bee venom product, i.e., bee venom cream ApiVENZ™ Relief for individuals suffering from muscle and joint pain. Individuals who have strained tendons or sports injuries greatly benefit from this.
Recent Developments
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Bee Whisper; ApiHealth NZ Ltd; Fernz; Abeeco Pure; Cited Biologics |
| Customization | Available Upon Request |
The net extraction of bee venom is forecasted to surge at 5% CAGR until 2033..
The net worth of all commercial bee venom extract available in 2023 is around USD 378 million.
Sales of bee venom extracts in North America was around 32.1% of the global sales in 2022.
The European countries altogether contributed for almost 29% of the global market.
Bee venom extract is primarily used in niche cosmetics and skincare products..
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Liquid 5.2. Powder 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Pharmaceutical 6.2. Cosmetic & Personal care 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. ApiHealth NZ Ltd. 17.2. Bee Health Limited 17.3. Nelson Honey & Marketing (NZ) Ltd. 17.4. Comvita Limited 17.5. Nature's Health Products NZ Ltd. 17.6. BeeVital GmbH 17.7. Queen Bee Parfums 17.8. Bee Venom Lab 17.9. Nature's Aid 17.10. Vitabeez 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Food and Beverage Insights
View Reports
Bee Venom Extract Market
