CATEGORY

Beewax

Globally, prices of beeswax could rise due to lower bee productivity in some regions. Honey productivity in China is however rising, which implies a sustainable beeswax supply as well

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Beewax.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo
Meet Abi

The World’s first Digital Market Analyst

    Schedule a Demo
    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Beewax Suppliers

    Beewax Supplier

    Find the right-fit beewax supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    29
    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82
    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Beewax market frequently asked questions

    When there's an acute shortage of Beeswax supply from the local (Brazil) region, China with its competitive pricing can present itself as a reliable source for Beeswax.

    According to the beeswax market report by Beroe, Asia-Pacific holds the biggest market share for Beeswax with nearly 52.4% of the global beeswax production share.

    As per Beroe, India, China, and Ethiopia are the leading producers of beeswax. The report also indicates that India's net production capacity can easily touch the valuation of 25,000 MT on an annual basis.

    According to Beroe's beeswax market growth report, China's annual production is approximately 13,000 MT every year.

    As per Beroe's analysis, beekeeping accounts for nearly 1.3% of Ethiopia's GDP, and it's a major market.

    After China, most buyers in the beeswax market look at the LATAM region, Argentina in particular, when it comes to outsourcing of beeswax. The shortage in Brazil further aggravates the demand.

    As per the beeswax market trends, it can be concluded that LATAM (Latin ' America) is the second biggest region after APAC (Asia ' Pacific) in terms of global beeswax production. The contributing factor is the rapid growth of beekeeping in Argentina and Brazil that paves the way for sustainable growth of beeswax in these regions over time.

    According to the beeswax market size report shared by Beroe, the LATAM region holds 13.2% of global beeswax production.

    As per reports, Argentina is the biggest beeswax producer in the LATAM region and holds the fourth position globally. Brazil and Uruguay are additional producers of beeswax from the LATAM area since beekeeping is continuously growing in Brazil, which assures promising growth.

    The end-to-end competition from the pharmaceutical and cosmetic companies makes it hard for the beeswax industry to source the end product.

    Producing beeswax is quite cheaper which increases the demand; however, the market growth is directly challenged by the high beeswax market price compared to that of synthetic waxes. The beeswax market forecast report also indicates that the demand for beeswax use will rise in the cosmetic industry which will further drive the market growth.

    As per Beroe's analysis, beeswax is majorly used in blush, eye shadow, lip gloss, moisturizers, and lip balm. It is also used in soap, and as hair pomades and mustache wax.

    Beewax market report transcript

    Global Market Outlook on Beeswax

    Buyer Insights: Industry can consider China as an ideal region for sustainable sourcing of Beeswax in case of local (Brazil) supply shortage, as it is reported to offer competitive prices.

    Category Takeaway: Asia-Pacific is the dominant region accounting for about 52.4% of global beeswax production share. India and China are likely to show sustained production growth in the future.

    Global Supply

    • Data for beeswax production is not available in its entirety. Some countries likely do not maintain accurate records of volume
    • India, China and Ethiopia are the leading producers. India can reach a potential 25,000 MT of production on an annual basis
    • China is a major exporter of beeswax and produces approx. 13,000 MT on an annual basis, though production is rarely reported
    • Beekeeping accounts for 1.3% of Ethiopia's GDP and is a major market

    LATAM Beeswax Market: Supply

    Buyer Insights: Besides China, the industry can consider Argentina as the most ideal LATAM region for sourcing beeswax, in case of shortage in Brazil.

    Category Takeaway: LATAM is the largest region next to Asia-Pacific for global beeswax production. Beekeeping is growing in regions, like Argentina and Brazil, which could allow for future growth of beeswax production.

    Estimated Global Market Share of LATAM Beeswax Producers ~ 8578 MT (2016)

    • LATAM region accounts for ~13.2% of global production. Argentina ranks fourth in the world and is the largest LATAM producer
    • Brazil and Uruguay are the major LATAM producers. Bee-keeping is increasing in Brazil and hence, beeswax production can grow
    • Ecuador and Paraguay produce very minor quantities, and hence are not significant players in the region

    Global Beeswax Market: Demand

    Buyer Insights: Industry mainly faces end-use competition from pharmaceutical and cosmetic companies while sourcing beeswax.

    Category Takeaway: The low cost of producing beeswax can increase demand, but the challenge faced by market growth is high market price as compared to synthetic waxes.

    • Demand for use of beeswax in cosmetic products is likely to drive market growth
    • Beeswax is used in blush, eye shadow, lip gloss, lip balm, and moisturizers
    • It is used in soap and also as hair pomades and mustache wax