Honey and beeswax are two distinct substances produced by bees: Honey is a sweet, edible substance created when bees process nectar from flowers. continue Beeswax is a natural wax produced by bees in the form of tiny flakes through specialized wax-producing glands on their abdomens. It is used for constructing and repairing the honeycomb structure where honey is stored and larvae develop. In summary, honey is an edible, sweet substance, while beeswax serves a structural purpose in the beehive.