Beeswax is derived from honeycombs and
contains higher fatty acids, high carbon paraffin, cerotic acid, and myricyl
palmitate. Beeswax
offers remittance
to hydrolysis, is soluble and a natural oxidant making it ideal for the food
& beverage, pharmaceutical, and candle making industry. Beeswax raises the
water holding capacity of creams and functions as a stable emulsifier. Beeswax
also contributes to consistency, colour stabilization, and sheen making it a
popular ingredient in lip balms, lipsticks, and hair conditioners. The natural
origin and extraction of beeswax allow it to perfectly align with the shift
towards sustainability in the cosmetics industry.
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Beeswax Wrapping Film Satisfies Customer
Demand for Chemical-free Organic Goods
Candles consume beeswax in massive quantities
and account for nearly a fifth of the global beeswax market. Beeswax candles
are typically more popular in developed than developing countries. Another
significant end-user of beeswax is the food industry. Beeswax is particularly
useful as a wrapping film for chewing gum, cheese, and confectionaries to add
lustre. As consumers demand chemical-free products in greater quantities, the
demand for beeswax should only grow.
Lack of Purity Regulations Allow Pervasive
Adulteration with Paraffin in Beeswax Market
The limited availability of beeswax coupled
with its ever-increasing demand make it an expensive product. In addition,
ill-defined purity norms and constrained supply make beeswax ripe for
adulteration with cheap paraffin being the biggest culprit. Furthermore,
consumer concerns around animal welfare have made them seek out plant-based
alternatives such as palm wax and soy wax. All these factors are likely to
constrain growth in the beeswax market over the forecast period.
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Ethiopian Farmers Export Huge Volumes of
Beeswax to Cater to Europe Candle Market
Ethiopia, China, Mexico, and Turkey are the
largest beeswax producing countries in that respective order. More than one
million farmers are engaged in apiculture in Ethiopia alone and it is one of
the country’s key agricultural exports. However, the maximum consumption of
beeswax continues to be in Europe as it comprises 2/3rd of the
global candle market. Churches, restaurants, and home décor are important
segments on the continent that consume beeswax.
Virgin Form of White Beeswax Ensures its
Popularity Among Cosmetic Manufacturers
Beeswax can be primarily classified into two
types – yellow and white beeswax with the latter accounting for the largest
share of the global beeswax market. White beeswax is especially sought after in
soaps and lotions. White beeswax is a virgin form of beeswax that enables
cosmetics companies to add various colours for achieving a specific outcome.
Thus, white beeswax is perfectly suited to premium cosmetics and this is
expected to drive growth in the beeswax market.
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Companies studied in this exhaustive report on
the beeswax market include Gustav Heess
Oleochemische Erzeugnisse GmbH, Wild Bee Land Inc, Golla Bee Producs PLC, Shree
Giri Corporation, Koster Keunen, Inc., Poth Hille & Co Ltd, Henan Shengchao
Apiculture Co., Ltd., Local Honey Man, Tropical Forest Products, and Arjun
Beeswax.
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