Beeswax Market by Product and Geography - Forecast and Analysis 2020-2024

Global Beeswax Market: About this market
The beeswax market analysis considers sales from both conventional beeswax and organic beeswax. Our report also provides a detailed analysis of the market in APAC, Europe, MEA, North America, and South America. In 2019, the conventional beeswax segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the low price and health benefits will play a vital role in influencing the conventional beeswax segment’s market position. Also, our global beeswax market report looks at factors such as the growing awareness about the benefits of beeswax, expansion of organized retailing, and restoration of natural bee habitats. However, the declining number of honeybee colonies, availability of substitutes, and the increasing popularity of DIY beeswax-based products may hamper the growth of the beeswax industry over the forecast period.

Global Beeswax Market: Overview

Growing awareness about the benefits of beeswax
Beeswax helps in eliminating airborne pollutants when burnt, soothes and hydrates skin, promotes healthy hair growth, and protects foods from the effect of acids, which makes it ideal for use in various applications. With the growing awareness about these benefits, market vendors are offering beeswax in different sizes and particles for industry-specific applications. Thus, the growing awareness will lead to the expansion of the global beeswax market at a CAGR of over 2% during the forecast period.

Increasing popularity of beeswax product kits
The growing demand for assorted cosmetic kits among consumers encourages vendors to manufacture beeswax-based body lotions and lipsticks. For instance, the cosmetic kit offered by The Naked Bee includes a hand and body lotion made from lavender and absolute beeswax. Additionally, there are numerous product kits available on e-commerce platforms with various combinations of beeswax products such as multi-color candles, candle sheets, and food wrappers. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global beeswax market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading beeswax product manufacturers, that include Akrochem Corp., Beeswax Co. LLC, Frank B. Ross Co. Inc., Kahl GmbH & Co. KG, Koster Keunen, New Zealand Beeswax Ltd., Norevo GmbH, Paramold Manufacturing LLC, Poth Hille & Co Ltd., and Strahl & Pitsch Inc.

Also, the beeswax market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface
Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 04: MARKET SIZING

Market definition
Market sizing 2019
Market outlook
Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Market segmentation by product
Comparison by product
Conventional beeswax - Market size and forecast 2019-2024
Organic beeswax - Market size and forecast 2019-2024
Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
Key leading countries
Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 11: MARKET TRENDS

Growth of e-commerce market
Increasing popularity of beeswax product kits
Emergence of private-label brands

PART 12: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors
Akrochem Corp.
Beeswax Co. LLC
Frank B. Ross Co. Inc.
Kahl GmbH & Co. KG
Koster Keunen
New Zealand Beeswax Ltd.
Norevo GmbH
Paramold Manufacturing LLC
Poth Hille & Co Ltd.
Strahl & Pitsch, Inc.

PART 14: APPENDIX

Research methodology
List of abbreviations
Definition of market positioning of vendors

List of Exhibits

Exhibit 01: Vendors: Key Offerings
Exhibit 02: Segments of global agricultural products market
Exhibit 03: Global agricultural products market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2019
Exhibit 08: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 10: Five forces analysis 2019
Exhibit 11: Five forces analysis 2024
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2019
Exhibit 18: Product - Market share 2019-2024 (%)
Exhibit 19: Comparison by product
Exhibit 20: Conventional beeswax - Market size and forecast 2019-2024 ($ millions)
Exhibit 21: Conventional beeswax - Year-over-year growth 2020-2024 (%)
Exhibit 22: Organic beeswax - Market size and forecast 2019-2024 ($ millions)
Exhibit 23: Organic beeswax - Year-over-year growth 2020-2024 (%)
Exhibit 24: Market opportunity by product
Exhibit 25: Customer landscape
Exhibit 26: Market share by geography 2019-2024 (%)
Exhibit 27: Geographic comparison
Exhibit 28: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 29: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 30: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 31: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 32: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 33: North America - Year-over-year growth 2020-2024 (%)
Exhibit 34: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 35: South America - Year-over-year growth 2020-2024 (%)
Exhibit 36: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 37: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 38: Key leading countries
Exhibit 39: Market opportunity
Exhibit 40: Impact of drivers and challenges
Exhibit 41: Vendor landscape
Exhibit 42: Landscape disruption
Exhibit 43: Vendors covered
Exhibit 44: Vendor classification
Exhibit 45: Market positioning of vendors
Exhibit 46: Akrochem Corp. - Vendor overview
Exhibit 47: Akrochem Corp. - Product segments
Exhibit 48: Akrochem Corp. - Key offerings
Exhibit 49: Beeswax Co. LLC - Vendor overview
Exhibit 50: Beeswax Co. LLC - Product segments
Exhibit 51: Beeswax Co. LLC - Key offerings
Exhibit 52: Frank B. Ross Co. Inc. - Vendor overview
Exhibit 53: Frank B. Ross Co. Inc. - Product segments
Exhibit 54: Frank B. Ross Co. Inc. - Key offerings
Exhibit 55: Kahl GmbH & Co. KG - Vendor overview
Exhibit 56: Kahl GmbH & Co. KG - Business segments
Exhibit 57: Kahl GmbH & Co. KG - Organizational developments
Exhibit 58: Kahl GmbH & Co. KG - Key offerings
Exhibit 59: Koster Keunen - Vendor overview
Exhibit 60: Koster Keunen - Business segments
Exhibit 61: Koster Keunen - Key offerings
Exhibit 62: New Zealand Beeswax Ltd. - Vendor overview
Exhibit 63: New Zealand Beeswax Ltd. - Product segments
Exhibit 64: New Zealand Beeswax Ltd. - Key offerings
Exhibit 65: Norevo GmbH - Vendor overview
Exhibit 66: Norevo GmbH - Business segments
Exhibit 67: Norevo GmbH - Key offerings
Exhibit 68: Paramold Manufacturing LLC - Vendor overview
Exhibit 69: Paramold Manufacturing LLC - Business segments
Exhibit 70: Paramold Manufacturing LLC - Key offerings
Exhibit 71: Poth Hille & Co Ltd. - Vendor overview
Exhibit 72: Poth Hille & Co Ltd. - Business segments
Exhibit 73: Poth Hille & Co Ltd. - Key offerings
Exhibit 74: Strahl & Pitsch Inc. - Vendor overview
Exhibit 75: Strahl & Pitsch Inc. - Business segments
Exhibit 76: Strahl & Pitsch Inc. - Key offerings
Exhibit 77: Validation techniques employed for market sizing
Exhibit 78: Definition of market positioning of ven

Executive Summary

The following companies as the key players in the global beeswax market: Akrochem Corp., Beeswax Co. LLC, Frank B. Ross Co. Inc., Kahl GmbH & Co. KG, Koster Keunen, New Zealand Beeswax Ltd., Norevo GmbH, Paramold Manufacturing LLC, Poth Hille & Co Ltd., and Strahl & Pitsch Inc.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing popularity of beeswax product kits.”

According to the report, one of the major drivers for this market is the growing awareness about the benefits of beeswax.

Further, the report states that one of the major factors hindering the growth of this market is the increasing popularity of DIY beeswax-based products.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.