A quantitative study of the Canadian Honey Industry

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Introduction

An important part of Canada’s economy and its standing in the international market is the honey companies. Importantly, thorough quantitative research is required to understand the complex dynamics of this booming industry. To unravel the complex web that is Canada’s honey business, Assignment help Canada and this article sets out on a quantitative investigation. With a focus on statistical analysis, production patterns, market dynamics, on economic repercussions, this research aims to provide a thorough and evidence-based examination of a sector that has a significant influence on Canada’s economy and the world market at large.

Discussion

Overview of the Canadian Honey Industry

In addition to honey along with other hive products, beekeepers in Canada provide crucial pollination services for farmers who grow orchard fruits, berries, vegetables, fodder, and hybrid canola seed. Transportation and travel delays caused by the COVID-19 outbreak impacted the beekeeping season in 2020 as they had the year before. Annual and temporary foreign workers, who are vital to many beekeeping businesses, were either unable to arrive on time or had their travel choices severely limited (Borba et al., 2022). Every spring, beekeepers in Canada augment their local bee supply by importing queen bees and packaged bees, which consist of a couple of kilos of bees that work and a mated queen. Beekeepers rely on these migratory bees to quickly replenish monarch and hive losses that occur throughout the winter and to expand their operations throughout the season.

Figure 1: Canada Honey province by share

Quantitative Analysis of Production Trends

From 2022–2028, the worldwide market for honey processing plant equipment is anticipated to grow from a value of USD million in 2022 through USD million in 2028, with a compound annual growth rate (CAGR) of percent (Ahmed et al., 2023). Beekeepers overcame these obstacles and increased the number of colonies of honey bees by 6.0%, reaching a record high of 810,496. In 2021, the amount of honey produced in Canada increased by 7.9% from the previous year, reaching 89.8 million pounds (Bixby et al., 2021). The total worth of the 2021 harvest increased by 39.4 percent (compared to 2020) to $278.0 million, driven by increased quantities and continued strong honey prices.

Figure 2: Canada’s top 10 honey export destination

 Market Analysis and Consumption Patterns

  • Because of factors including evolving customer tastes and new technologies, the honey industry is experiencing a period of profound change. Following a chilly and rainy summer and spring on the Prairies, honey output in Canada dropped 15.4% from the previous year, reaching 80.4 million lbs in 2019 (MERDAN, 2021).
  • It has not been this low in seven years. With a decrease of 10.7% from 2021 to 2022, honey output in Alberta, Canada’s leading producer was 30.4 million pounds in 2022. output fell further in Manitoba (-17.4%) and Saskatchewan (-31.5%).
  • Due to weakening colonies caused by a severe winter that swept over the Prairies, output yields during the 2022 crop season were lower than expected (Smith et al., 2021). A whopping 80% of Canada’s honey comes from the Prairies.
  • A comprehensive analysis of the present state, size, volume, and share of the honey manufacturing equipment market is included in the just published “Honey Production Equipment Market” Report of 2024.
  • Those in the marketing profession in today’s rapidly evolving business climate would do well to familiarize themselves with the “Honey Production Equipment Market” research.

Economic Impact and Future Projection

  • The worldwide honey market, which was valued at $9098.5 million in 2022, is expected to reach $11870 million by 2028, expanding at a CAGR of 4.5% from 2022 to 2028, impacted by factors such as the COVID-19 epidemic and the Russia-Ukraine war.
  • Until the conclusion of 2023, the worldwide honey food market is expected to be driven by the rising number of advancements in the honey-collecting method (Chirsanova et al., 2021). There has been a plethora of new developments in honey collecting techniques developed by R&D departments, which have increased both the quantity and the caliber of the end product.
  • The proliferation of beekeeping software that uses Economics homework help Toronto infrared sensors that are passive to gauge hive condition and strength, enhance hive health from home, and ensure beekeepers’ safety is another factor that will drive the worldwide honey food market’s rise in the next years.
  • Every year, Canada receives commercial shipments of honey bees in bulk packages and queens’ bees. Dividing a current colony and inserting a queen bee is called a split or nucleus hive. Another purpose for queen bees is to replace weaker queens. Annually, fewer than ten percent of beekeepers in Canada breed queen bees.

Conclusion

Honey food makers from across the world are the centre of attention in this regionally classified market, which is further subdivided by application and end user. Various elements Assignment Help Toronto that contribute to the development of industries have been thoroughly examined in the research. Additionally, this report offers a comprehensive overview of several areas and applications that have the potential to shape the business going forward. Researchers polled a cross-section of Canadian beekeepers in the coming autumn and winter of 2020/21 to find out how COVID-19 affected apiculture in the country. The “Canadian Honey Council (CHC)” sent the survey to its email list and all provincial apiculture professionals for regional dissemination. In 2019, beekeepers in Canada made approximately $173 million from 80 million lbs of honey, and honey bees helped $4–5.5 billion into the Canadian economy every year via pollination services. Consequently, the monetary effect on the beekeeping industry from the interrupted supply of honeybees and labor must be comprehended. Be that as it may, producing and transporting live bees for honey is a delicate operation that demands punctuality. According to new research, queens’ fertility rates may be impacted by temperature changes during transportation, particularly when the process is prolonged and the temperature is too high.

Reference

Ahmed, A., Tul-Noor, Z., Lee, D., Bajwah, S., Ahmed, Z., Zafar, S., Syeda, M., Jamil, F., Qureshi, F., Zia, F. and Baig, R., 2023. Effect of honey on cardiometabolic risk factors: a systematic review and meta-analysis. Nutrition Reviews, 81(7), pp.758-774. https://academic.oup.com/nutritionreviews/article-abstract/81/7/758/6827512

Bixby, M.E., Polinsky, M., Scarlett, R., Higo, H., Common, J., Hoover, S.E., Foster, L.J., Zayed, A., Cunningham, M. and Guarna, M.M., 2021. Impacts of COVID-19 on Canadian beekeeping: Survey results and a profitability analysis. Journal of Economic Entomology, 114(6), pp.2245-2254. https://academic.oup.com/jee/article/114/6/2245/6373167

Borba, R.S., Hoover, S.E., Currie, R.W., Giovenazzo, P., Guarna, M.M., Foster, L.J., Zayed, A. and Pernal, S.F., 2022. Phenomic analysis of the honey bee pathogen-web and its dynamics on colony productivity, health and social immunity behaviors. Plos one, 17(1), p.e0263273. https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0263273

Chirsanova, C.A., Capcanari, T., Boiştean, A. and Khanchel, E.M.I., 2021. Bee honey: History, characteristics, properties, benefits and adulteration in the beekeeping sector. Journal of Social Sciences, (3), pp.98-114. https://ibn.idsi.md/sites/default/files/imag_file/98-114_1.pdf

MERDAN, K., 2021. Analysis of bee products in terms of global production, consumption, and international trade. Research & reviews in agriculture, forestry and aquaculture sciences-ii, p.111. https://www.researchgate.net/profile/Arif-Konukcu/publication/354858820_TRANSPARENT_WOOD_A_NEW_APPROACH_FOR_FUNCTIONAL_AND_STRUCTURAL_APPLICATIONS/links/6152d522522ef665fb659499/TRANSPARENT-WOOD-A-NEW-APPROACH-FOR-FUNCTIONAL-AND-STRUCTURAL-APPLICATIONS.pdf#page=119 Smith, K.E., Weis, D., Scott, S.R., Berg, C.J., Segal, Y. and Claeys, P., 2021. Regional and global perspectives of honey as a record of lead in the environment. Environmental Research, 195, p.110800. https://drive.google.com/file/d/1LKnjwchh4M4UBk6QsH4erW035_FfRMlX/view

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