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Bee Venom Extract Market to Record an Impressive Growth By 2024

Global Bee Venom Extract Market: Overview

Apitoxin is the alternate name for the bee venom; it is a bitter colorless liquid. As per the American Apitherapy Association, Apitherapy is the therapeutic way to use the products that are made by the honeybees such as bee venom and honey. The ailments where western medicines do not work the bee venom treatment is used where the venom from the bees are used for the purpose of treatment.

Global Bee Venom Extract Market: Segmentation

The market for bee venom market is globally fragmented into application and form. Based on the application, the market is segregated into cosmetic & personal care and pharmaceutical. On the basis of form, the market is categorized into liquid and powder.

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Global Bee Venom Extract Market: Growth Factors

The key factor that is driving the bee venom market is the wide use of the bee venoms in the medicinal products. The business of the bee venom is the most profitable and the people are increasingly entering this business. The collectors in this market are earning almost double. The other factor that is driving the market is the technological advancements that are made in the equipment which makes it easy for the manufacturers to extract the venom very easily from the beehive. There are restraining factors that are affecting the bee venom market negatively such as the holder techniques of the bee venom result in the death of the honey bees if proper care is not taken. Previously, the bees were caught when they used to return to their hive. They were given electric shocks and were pressed amid the rolls so that they could sting. In this process, many bees are crushed thus contaminating the venom and causing the death of the bees. Another method includes triggering the bees so that they sting into the rubber or plastic dam.

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Global Bee Venom Extract Market: Regional Analysis

The geographical segmentation of the global bee venom market is diversified into North America, Western Europe, Asia-Pacific, Eastern Europe, the Middle East and Africa, and Latin America. The region that is dominating the bee venom market is Europe. For the treatment of rheumatic diseases, the venom is used extensively in the European region. Live honey bees and their venom extracts both are used for the medical treatments in the Europe. The regions such as Russia, New Zealand, Japan along with some of the Eastern countries have wide applications of the bee venom. It is in these regions where apitherapy is unique owing to the availability of the wide range of products. In the North American region, the market growth will be sluggish. In the U.S. there is not much usage of the bee venom. The factor that restrains the market is that there is not much availability of the bee hives in this country. Due to the lack of availability of honey bees, there is a lack of availability of venoms; thus no proper clinical testing or analysis can be done.

Global Bee Venom Extract Market: Competitive Players

The key market players that are involved in the bee venom extract market include ApiHealth NZ Ltd., Abeeco Pure, Bee Whisper, Fernz, and others.

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Global Bee Venom Extract Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany