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Propolis Market

Propolis Market Size, Share and Segmentation by Product Type (Capsules and Tablets, Liquids, Creams, and Other Product Types), by Distribution Channel (Offline Retail Stores and Online Retail Stores), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/F&B/1518 | May 2022 | Region: Global | 125 Pages

Propolis Market Overview:

The Propolis Market Size was valued at USD 638.9 million in 2021 and is expected to reach USD 764.6 million by 2028, and grow at a CAGR of 2.6% over the forecast period 2022-2028.

Propolis is a resinous combination made by bumblebees utilizing substances gathered from various pieces of plants, buds, and exudates. It for the most part contains dust, waxes, rejuvenating ointments, flavonoids, phenolic acids, and different natural mixtures, including sugars, steroids, nutrients, ketones, lactones, benzoic corrosive, and unsaturated fat esters. It is hard, fragile, lipophilic, and turns out to be delicate, flexible, sticky, and tacky after warming. It has a wonderful and trademark sweet-smelling scent and fluctuates in variety from yellow-green to dim brown as per its age and beginning. As propolis has cancer prevention agents and sedative and wound recuperating properties, fortifying the resistant system is broadly consumed.

Propolis Market Revenue Graph

It is a characteristic defense system made by honey bees to shield their hive from defilement. It capacities as a repairman and, subsequently, keeps the microbial improvement inside the hive taken care of. In light of propolis' expansive antibacterial, antifungal, antiviral, cytotoxic, quieting, and malignant growth counteraction specialist properties, it is generally utilized in the individual consideration, drug, and food and drink ventures.

Market Dynamics:

Driving Factors:

  • Developing extension interest from the clinical area.

  • Superstar supports and further developed bundling efforts.

Restraining Factors:

  • Rising instances of extreme touchiness because of propolis use.

Opportunities:

  • New item dispatches and item combinations.

Challenges:

  • The absence of normalization across different brands.

Impact of Covid-19:

The COVID-19 pandemic prompted the expanded interest in propolis for its practical properties. Notwithstanding, the inventory network of the market examined was tremendously impacted by the falling creation of propolis as a fixing. The COVID-19 lockdown has introduced a particular issue for beekeepers and honey bees. As nations go into broadened lockdowns, the development of unimportant vehicles has halted. Therefore, honey bee ranchers found it challenging to move their honey bee boxes starting with one spot and then onto the next, both cross country and globally, which brought about honey bees starving to death. This decreased honey bee fertilization and the creation of propolis. Additionally, the accessibility of restricted work power influenced the creation of finished results negatively affecting the propolis market.

Market Estimation:

The containers and tablets fragment ruled the market and represented the most noteworthy income share. These are generally liked by the clients as it is the least complex item sort of propolis. These are utilized to treat different illnesses and help in supporting the safe framework. The fluid item type fragment is supposed to enroll the most elevated development rate over the conjecture period because of expanding requests. Rising interest in fluid propolis items, developing dispensable salaries, and changing ways of life are different variables driving the business development. It likewise helps in further developing assimilation issues.

The retail location portion ruled the market and represented the most noteworthy income share in 2021. The interest for propolis is developing among clients because of more assortment presented by this retail location than some other conveyance channel types. Thus the portion is projected to show development during the evaluation time frame. The internet-based dissemination channel section is assessed to enlist the quickest CAGR from 2022 to 2028. Propolis can be bought at a low cost on a web-based dissemination channel. It additionally offers different advantages, for example, limits, coupon benefits, and different offers. Moreover, an assortment of propolis items with various brands can be effectively accessible on the internet-based stage. Thus, the fragment is assessed to show development over the figure period.

Key Market Segmentation:

By Product type:

  • Capsules & tablets

  • Spray

  • Extract

  • Others

By Distribution channel:

  • Store-based

  • Supermarkets & hypermarkets

  • Convenience stores

  • Others

  • Non-store-based

By Category:

  • Alcohol-based

  • Alcohol-free

By Application:

  • Food and beverages

  • Healthcare

  • Personal care

  • Cosmetics

  • Other

By Type:

  • Supercritical extraction co2 (sfe)

  • Ethanol extracted propolis (eep)

  • Glycol extracted propolis (gep)

  • Other

Propolis Market Segment Chart

Regional Analysis:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

North America overwhelmed the market and represented the biggest income share in 2021 because of the appeal for propolis in the U.S. also, Canada. Because of expanding instances of genital herpes in the U.S., its interest is seen ascending around here. The U.S. is among the top driving nations that have the most noteworthy instances of genital herpes and other herpes infections. Additionally, because of rising import interest, the business is supposed to observe earth-shattering development over the conjecture period.

In the Asia Pacific, the market is supposed to observe a CAGR of 3% from 2022 to 2028. This can be credited to the developing interest for propolis around here. An ascent in discretionary cash flow is further driving business sector development. Moreover, expanding instances of disease are additionally expected to speed up provincial market development. Subsequently, the propolis market is assessed to show development around here during the figure time frame.

Key Players:

Apiário Polenectar, Sunyata Pon Lee, Apis Flora, Sunyata Pon Lee, Bee Health Limited, Zhifengtang, Laprell's Beehive Products, Inc., Comvita Limited and its subsidiaries, Wax Green, Manuka Health New Zealand.

Propolis Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 638.9 Million
Market Size by 2028 US$ 764.6 Million
CAGR CAGR 2.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product Type (Capsules and Tablets, Liquids, Creams, and Other Product Types)
• by Distribution Channel (Offline Retail Stores and Online Retail Stores)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Apiário Polenectar, Sunyata Pon Lee, Apis Flora, Sunyata Pon Lee, Bee Health Limited, Zhifengtang, Laprell's Beehive Products, Inc., Comvita Limited and its subsidiaries, Wax Green, Manuka Health New Zealand.
Key Drivers •Developing extension interest from the clinical area.
•Superstar supports and further developed bundling efforts.
Market Challenges: •The absence of normalization across different brands.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 Covid 19 Impact Analysis

4.2 Impact of the Ukraine and Russia war

 

5. Value chain analysis

 

6. Porter’s 5 forces model

 

7. PEST analysis

 

8. Global Propolis Market segmentation, Product type:

8.1 Capsules & tablets

8.2 Spray

8.3 Extract

8.4 Others

 

9.  Global Propolis Market segmentation, Distribution channel:

9.1 Store-based

9.2 Supermarkets & hypermarkets

9.3 Convenience stores

9.4 Others

9.5 non-store-based

 

10.  Global Propolis Market segmentation, Category:

10.1 Alcohol-based

10.2 Alcohol-free

 

11.  Global Propolis Market segmentation, Application:

11.1 Food and beverages

11.2 Healthcare

11.3 Personal care

11.4 Cosmetics

11.5 Other

 

12.  Global Propolis Market segmentation, Type:

12.1 Supercritical extraction co2 (sfe)

12.2 Ethanol extracted propolis (eep)

12.3 Glycol extracted propolis (gep)

12.4 Other

 

13. Global Propolis Market, by region/ country

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14. Company profiles

14.1 Apiário Polenectar

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 Swot Analysis

14.1.4 The SNS View

14.2 Sunyata Pon Lee

14.3 Apis Flora

14.4 Sunyata Pon Lee

14.5 Bee Health Limited

14.6 Zhifengtang

14.8 Laprell's Beehive Products, Inc.

14.9 Comvita Limited and its subsidiaries

14.10 Wax Green

14.14 Manuka Health New Zealand

 

15. Competitive Landscape

15.1 Competitive Bench Marking

15.2 Market Share Analysis

15.3 Recent Developments

 

16. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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