NEWARK, Del, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The global bee venom extract market is projected to reach a valuation of US$ 540 Mn in 2032, with the market growing at a moderate CAGR of 5.1% over the forecast period of 2022 to 2032. Valued at an estimated US$ 327.5 Mn in 2022, the bee venom extract market is predicted to be driven by the demand for bee venom in modern medicine. The bee venom extract has anti-inflammatory properties along with assertions that it can treat rheumatoid arthritis, psoriasis, acne, nerve pain, multiple sclerosis, and scarring from skin cancer.
The demand and application of bee venom extract in the pharmaceutical industry are one of the key drivers of the target market. Therapeutic usage of bee venom has been proven to be very effective which is why the demand for the product is especially high in the pharmaceutical sector. Apitherapy, a substitutive therapy, makes extensive usage of bee venom extract to treat several diseases. Furthermore, bee venom is said to be effective against various cancer types.
In the last few years, bee venom has registered increasing applications in the cosmetic and skin care industry. Bee venom is used to combat wrinkles, psoriasis, atopic dermatitis, wound healing, vitiligo, acne vulgaris, androgenetic alopecia, and many others. Bee venom extract has been observed to be a promising skin care agent that nourishes, smoothens, and brightens the skin.
To Get Sample Copy Visit@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3991
The product is gaining momentum in the skin care industry as it can fool the skin into believing that it has been stung which increases collagen production and increases blood circulation. All of these factors promote an environment of growth for the bee venom extract market during the assessment period.
"Applications in the cosmetic and skin care industry along with the product's medicinal value are expected to propel the market growth of bee venom extract over the forecast period," says an FMI analyst.
Bee Whisper, ApiHealth NZ Ltd, Fernz, and Abeeco Pure, Citeq Biologics, and others are some of the major players in the bee venom extract market that are profiled in the full version of the report.
Major market players are focusing on tactics like partnerships and collaborations with other enterprises to expand and enter emerging markets. Joint ventures within an organization in emerging economies are another popular tactic to strengthen market position. Some of the other businesses in the market are keen on exploring the bee venom extract application in nutraceuticals and different cosmetic skin care goods.
Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-3991
More Insights into the Bee Venom Extract Market Report
In its latest report, FMI offers an unbiased analysis of the global bee venom extract market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of type (liquid, powder), application (pharmaceutical, cosmetic and personal care), and region.
According to the latest FMI reports, based on region, the bee venom extract market in North America is expected to undergo substantial growth. The regional market is expected to account for 32.1% of the global market share. The growing awareness of product-related health benefits, rising need for nutritious food items, and the growing application of bee venom in the healthcare sector in this region are responsible for the regional market growth.
The bee venom extract market in Europe is expected to hold about 27.9% of the global market share. Market growth in this region is predicted to remain steady over the forecast period. The product is particularly used for treating rheumatic diseases and for other medical treatments in Europe. The popularity of apitherapy and different medical applications of the product propel the market growth in this region from 2022 to 2032.
Use promo code ->> FMITODAY to get flat 20% discount
Request a Complete TOC of this Report with figures@ https://www.futuremarketinsights.com/toc/rep-gb-3991
Explore FMI's related ongoing Coverage on Food and Beverage Domain
Amla Extract Market Share: Amla extract market was valued at US$ 39.8 Billion. The market is expected to reach approximately US$ 77.34 Billion by 2032, with a growing CAGR of 6.9% from 2022 to 2032.
Yucca Extract Market Trends: Yucca Extract Analysis market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape.
Rosemary Extract Market Growth: Rosemary extracts market is valued at nearly US$ 800 million in 2021. Rosemary extracts market is set to grow at 4.8% CAGR through 2027.
Spirulina Extracts Market Analysis: Demand for spirulina extract is expected to grow at a 14.6% CAGR over the assessment period, according to Future Market Insights (FMI).
Grape Seed Extract in Pet Food Application Market Size: Grape seed extract is an ingredient commonly used in pet food formulations as an antioxidant and polyphenol, which helps to improve immune responses and nerve functionality.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-845-579-5705 For Sales Enquiries: sales@futuremarketinsights.com Browse latest Market Reports: https://www.futuremarketinsights.com/reports
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.