the Global beeswax market size was valued at $581.38 million in 2023, and is projected to reach $818.23 million by 2032, registering a CAGR of 3.87% from 2024 to 2032.
The beeswax market globally has witnessed substantial growth in recent years, driven by factors such as growing awareness about the benefits of natural ingredients like beeswax and rising demand for natural ingredients in cosmetics and personal care products.
The market expansion has been fuelled by the rising popularity of beeswax in skincare products such as lip balms, lotions, and creams due to its natural properties of locking the moisture and forming a protective barrier on the skin. It can also be used for coating fruits and vegetables, sealing jars, polishing, and waterproofing.
One of the key drivers is the rising demand for natural ingredients. There is a growing awareness about the benefits of using natural ingredients such as beeswax in various industries. It is a non-toxic and hypoallergenic ingredient mainly used in the cosmetics and personal care industry. It can also be used as a natural barrier on the surface of fruits and vegetables to increase their shelf life.
There is a high demand for beeswax in the cosmetics industry for the manufacturing of lip balms, lipsticks, and lip glosses as a natural ingredient. It is used for enhancing water-resistant properties, in sunscreen formulations. Beeswax is a low-cost, natural, and easily accessible ingredient. It has a natural honey-like fragrance that can be used in the perfume industry.
Global Beeswax Market, Segmentation
The Beeswax market is segmented based on Type, Form, Application, Distribution Channel, End-user, and Region.
Type:
Conventional beeswax is produced by traditional beekeeping methods hence it is readily available in large quantities with consistent quality and properties that are useful in the manufacturing industries like cosmetics, and food industry. It may be more cost-effective compared to organic beeswax and can remain dominant due to its lower price and various health benefits. Along with these, well-established infrastructure for conventional beekeeping, including equipment, expertise, and supply chains supports the efficient production, processing, and distribution of conventional beeswax.
Form:
Beeswax pellets are small, bead-like forms of beeswax that are convenient for melting and use in formulations.Due to its ease of use in product formulation, it is widely used in the cosmetics and personal care industry. It is convenient for handling and measuring and has a higher surface area-to-volume ratio which facilitates faster melting and mixing when added to formulations resulting in time-saving and cost reduction. Beeswax pellets are well-suited for international trade and export due to their standardized packaging and ease of handling.
Country:
The country analysis of the Global beeswax market highlights the dominance of Asia Pacific. Countries like China, India, and Thailand, have a rich tradition of beekeeping which results in abundant availability of beeswax. The government of some countries provides training programs, incentives, and subsidies to increase the production of honey and its by-products. There is a growing consciousness among consumers regarding their appearance, and demand for natural ingredients in this region. Wide export chances, and wide processing industries also drive the demand for beeswax in the market.
Some of The Active Market Players Are-
- Beeswax Co. (US)
- Wedderspoon (New Zealand)
- Burt's Bees (US)
- Bee Harmony (US)
- Scotsburn Honey (Canada)
- Bee & Flower (China)
- Ecosoapia (UK)
- Thymes (US)
- Waxelene (US)
- Apiario Silvestre (Brazil)
- Weleda (Switzerland)
- Moom (US)
- Rosebud Perfume Co. (US)
- Ecco Bella (US)
- Waxing Kara (US)
- Highland Bee Company (Scotland)
- Honey Candles (Canada)
- Taiga Company (Russia)
- Toratai (Australia)
- Bee Natural (South Africa)
- Beeswax Industries (India)
- Nyco Products Co. (US)
- Everglow (Germany)
- Kamill (Germany)
- Natroma (UK) and Other active players
Key Industry Developments
- In 2023, One Good Thing company (UK) launched the ‘world’s first’ wrapper-free snack bars. These snack bars are coated with edible beeswax and other ingredients which act as a replacement for plastic wrappers.
- In October 2022, NUXE, a cosmetic brand launched its honey-based lip balm collection with 100% natural ingredients, including beeswax, honey, and sunflower oil.
- In October 2022, Sproutlings, a crayon maker company launched a made with a natural soy and beeswax blend, food-grade color pigments.
- In February 2022, Lush, a cosmetics retailer, launched a series of moisturizers and cleansers that contain gentle oil, rosewater emulsion, and beeswax and help to remove dirt and keep the skin soft.
Key Findings of the Study
- Global beeswax market growth driven by rising the demand for natural ingredients in the food and cosmetics industry.
- Beeswax is widely used in the cosmetics and personal care industry due to its various properties like non-toxic and hypoallergenic.
- Beeswax pellets ensure convenience, and ease when handling, measuring, and transporting.
- Asia Pacific stands out due to tradition of beekeeping, abundant supply of raw material and export opportunities.
