Bee Venom Extract Market Outlook (2023 to 2033)

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

  • Growing Demand for Natural and Organic Skincare: Bee venom extract is gaining popularity as a natural ingredient in skincare products due to its potential anti-aging and anti-inflammatory properties.
  • Increasing Awareness of Bee Venom Benefits: Consumers are becoming more aware of the therapeutic benefits of bee venom, including its potential for pain relief and arthritis management.
  • Rise in Sustainable and Ethical Beauty Practices: With a focus on sustainability, bee venom extraction methods that prioritize the well-being of bees and support beekeeping practices are becoming more prevalent.

Challenges for Companies and Manufacturers in the Bee Venom Extract Industry

  • Ensuring Quality and Authenticity: Maintaining high-quality standards and ensuring the authenticity of bee venom extract products can be challenging, considering the risk of counterfeit or adulterated products in the market.
  • Sustainable Sourcing and Beekeeping Practices: Companies must prioritize responsible beekeeping practices and sustainable sourcing to meet the demand for bee venom extract while protecting bee populations and habitats.
  • Regulatory Compliance and Safety Standards: Adhering to strict regulatory requirements and safety standards is crucial to ensure consumer safety and build trust in the bee venom extract industry.

Investment Opportunities in the Bee Venom Extract Industry

  • Research and Development: Investing in research and development to further explore the potential therapeutic applications of bee venom extract can lead to developing new products and treatments.
  • Expansion of Production and Extraction Facilities: Increasing production capacities and developing advanced extraction methods can cater to the growing demand for bee venom extract in various industries, including skincare, pharmaceuticals, and alternative medicine.
  • Collaborations and Partnerships: Companies can explore collaborations with beekeepers, research institutions, and cosmetic manufacturers to strengthen their supply chains, enhance product development, and expand market reach.

Latest Trends in the Bee Venom Extract Industry

  • Niche Cosmetics and Skincare Products: The emergence of niche brands focusing on bee venom extract-infused cosmetics and skincare products, offering unique and targeted solutions for specific skin concerns.
  • Combination Formulations: Companies are exploring innovative formulations by combining bee venom extract with other natural ingredients known for their skincare benefits, creating potent and multifunctional products.
  • Sustainable Packaging Solutions: A growing trend in the industry is adopting sustainable and eco-friendly packaging materials, reflecting the overall shift towards more sustainable practices.
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.

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Bee Venom A Boon to Modern Day Medicine

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).

Bee Venom Extract a Promising Antioxidant Prototype in Cosmetic & Skin Care

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.

Nandini Roy Choudhury
Nandini Roy Choudhury

Principal Consultant

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North America Market is Slow but Steady

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.

Adoption of Bee Venom Extracts is Rising in Europe

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.

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Start-ups Working on Bee Extracts

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

Key Players Benchmarking the Bee Venom Extract Market

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

  • BeeandYou, America's only propolis producer, wins International Excellent Taste award and a silver medal in June 2023
  • NaturaNectar sources the highest quality Brazilian ultra-green and brown propolis and deal in products like Red Bee Propolis, Green Bee Propolis, and Brown Bee Propolis.

Report Scope

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

Key Segments of the Bee Venom Extract Market

By Type:

  • Liquid
  • Powder

By Application:

  • Pharmaceutical
  • Cosmetic & Personal care

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe

Frequently Asked Questions

What is Yearly Growth Rate in Extraction of Bee Venom on a Global Level?

The net extraction of bee venom is forecasted to surge at 5% CAGR until 2033..

What is the Value of Total Bee Venom Extracts Available in 2023?

The net worth of all commercial bee venom extract available in 2023 is around USD 378 million.

What is the Current Market Size for Bee Venom Extracts in North America?

Sales of bee venom extracts in North America was around 32.1% of the global sales in 2022.

How Big is the Bee Venom Extracts Market in Europe?

The European countries altogether contributed for almost 29% of the global market.

What are the Prominent Application Areas of Bee Venom Extract?

Bee venom extract is primarily used in niche cosmetics and skincare products..

Table of Content
  • 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
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