So also, some bee farmers require extracting equipment and bottling materials for honey production. Frames and containers are a necessary requirement for bee farming, and producers may also purchase nucleus colonies, which already consist of frames and bees, enabling a hassle-free establishment of a hive. They also estimated that for every dollar spent on labor, bee farmers invest $0.96 in capital equipment. Research carried out by IBISWORLD shows that the Bee Framing industry has a high level of capital intensity. It is important to state that there is no establishment with a lion share of the available market in this industry it is an open market suitable for competitions. The industry rakes in a whooping sum of $380million annually with an annual growth rate projected at 3.7 percent. Statistics has it that in the United States of America alone, there are about 6,345 licensed and registered bee farms cum production companies directly responsible for employing about 28,061 employees and indirectly responsible for employing several thousands of people as well. The Bee Farming Industry is indeed a very large industry and pretty much thriving in all parts of the world especially in countries such as United States of America, Canada, United Kingdom, Germany, Australia, Nigeria, Ethiopia, Kenya, south africa and Ukraine et al. Growth will continue to struggle over the next five years, though an expansion into territories like medicine and pollination services will help offset major revenue declines in this industry. A closer study shows that the bee farming cum bee keeping industry has experienced volatile patterns, with rising import volumes and the threat of colony collapse disorder adversely affecting its performance.įor instance, with the increasing penetration of imports of honey and bee products, there will definitely be a downward pressure on the price of bees and honey produced in the united states of America. Sustainability and Expansion Strategyįarmers cum businesses in the bee farming industry raise bees and also collect and gather honey, sell live bees, royal jelly, bees’ wax, propolis, pollen, venom and other related bee products.

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