The global beeswax market is anticipated to grow at a considerable CAGR of 3.2% during the forecast period (2022-2028). The cosmetic industry holds prominent share of the global beeswax market, as it is highly used in the cosmetic and skin care products. Due to the high consumption of beeswax in cosmetics, beeswax market is expected to grow during the forecast period. It is used in manufacturing cosmetics products such as lip balms, gels, creams, butters, and others, due to which several market players are inclined towards expanding their businesses in cosmetic product line. As a result of which, the companies are coming up with innovative products to attract the people and to increase their customer base.
Browse the full report description of “Beeswax Market Size, Share & Trends Analysis Report by Type (Organic and Conventional), and by Application (Pharmaceuticals, Cosmetics, Food & confectionery, and Others) Forecast 2022-2028” at https://www.omrglobal.com/industry-reports/beeswax-market
For instance, in December 2021, VedaOils launched DIY kits for the beauty conscious consumers. As the cosmetic industry market is heavily dominated with the chemical-based beauty products which deteriorates the quality of skin. Thus, the people are inclined towards adopting various natural DIY kits.
Furthermore, in June 2020, Burt's Bees partnered with PopSockets to launche PopGrip Lips PopSockets with lip balm to ensure that users always have lip balm on hand. PopGrip Lips feature a flip-top lid which is filled with burt's bees original beeswax lip balm. PopGrip Lips x Burt's Bees will be offered in five unique patterns for $19.99 and includes two pans of Burt's Bees lip balm. The product has been launched on PopSockets.com, Burtsbees.com and in Target stores across the US.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Koster Keunen, Natural Products (I) Pvt. Ltd., Arjun Bees Wax Industries, Bill’s Bees Inc., Nunya Beeswax Candles, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Beeswax Market Report Segment
By Type
By Application
Global Beeswax Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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