Produced by honeybees, beeswax honeycomb is used to hold food and baby bees. Wax honeycomb is white when first formed in the hive and darkens over time. An important resource of the hive, wax is highly valued by beekeepers. In fact, on a per pound basis beeswax is more valuable than honey. After harvesting honey, the extra beeswax can be used for many purposes. Some of the uses for this bee-produced product: candles, waterproofing, beauty products, soap etc.