Global Bee Venom Extract Industry size is expected to reach nearly US$ 1.38 Bn by 2032 with the CAGR of 5.4% during the forecast period.

Definition of Bee Venom Extract:

Bee venom also recognized as apitoxin is a colorless and bitter liquid. Along with American Apitherapy Association, bee therapy or Apitherapy is the therapeutic usage of products made by honeybees such as bee venom and bees. Almost 10,000 bee stings are required to make one gram of bee venom. This makes venom almost seven times more valuable than gold.

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Market Dynamics:

The primary driver of the global market expansion for bee venom extract is the extensive application of bee venom in the pharmaceutical sector. The technological advancements in the equipment that enable the makers to readily extract the venom from the beehive are another driver propelling the market.

The market for honey bee venom, which is widely used in therapeutic products, is expanding significantly, especially in Europe. For instance, honey bee venom has been utilized extensively for a very long time in Europe, primarily to treat rheumatic illnesses.

On the other hand, the holder techniques of the bee venom result in the death of the honey bees if proper care is not taken is the main restraint for the bee venom extract market during the estimated period.

Market Segment Overview:

by Form

Powder
Liquid

by Application

Pharmaceutical
Cosmetic & Personal care

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Regional Insights

Europe is the dominant market for bee venom and is expected to remain in a steady position in the market during the forecast period. The growth is attributed to extensively use for the treatment of rheumatic diseases, and live honey bees and their venom extracts both are used for medical treatments in Europe.

In the North American region, the market growth is expected to slow as compared to another region. The factor that restrains the market is that there is not much availability of the beehives in the U.S., due to the absence of availability of honey bees, there is a lack of availability of venoms, thus no appropriate clinical testing or analysis can be done.

Thus, the countries such as Russia, New Zealand, and Japan with some of the Eastern countries have wide-ranging applications of bee venom. It is in these countries where apitherapy is unique because of the availability of the varied products.

Global Bee Venom Extract Market, Key Players are

1. Bee Whisper
2. ApiHealth NZ Ltd
3. Fernz
4. Abeeco Pure
5. Citeq Biologics
6. Others

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