Propolis Market Overview:
Propolis Market Size was valued at USD 655.51 million in 2022 and is expected to reach USD 804.93 million by 2030, and grow at a CAGR of 2.6% over the forecast period 2023-2030.
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.
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.
Developing extension interest from the clinical area.
Superstar supports and further developed bundling efforts.
Rising instances of extreme touchiness because of propolis use.
New item dispatches and item combinations.
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.
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
By Distribution channel:
Supermarkets & hypermarkets
Food and beverages
Supercritical extraction co2 (sfe)
Ethanol extracted propolis (eep)
Glycol extracted propolis (gep)
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
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.
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.
Apis Flora-Company Financial Analysis
|Market Size in 2022||US$ 655.51 Million|
|Market Size by 2030||US$ 804.93 Million|
|CAGR||CAGR 2.6% From 2023 to 2030|
|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.|
Propolis is a resinous combination made by bumblebees utilizing substances gathered from various pieces of plants, buds, and exudates.
The future value of the Propolis market is USD 804.93 million by 2030.
The CAGR of 2.6% over the forecast period 2023-2030.
Propolis has anticancer, antioxidant, antiseptic, antibacterial, anti-inflammatory, and antifungal properties.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Propolis Market segmentation, Product type:
8.1 Capsules & tablets
9. Global Propolis Market segmentation, Distribution channel:
9.2 Supermarkets & hypermarkets
9.3 Convenience stores
10. Global Propolis Market segmentation, Category:
11. Global Propolis Market segmentation, Application:
11.1 Food and beverages
11.3 Personal care
12. Global Propolis Market segmentation, Type:
12.1 Supercritical extraction co2 (sfe)
12.2 Ethanol extracted propolis (eep)
12.3 Glycol extracted propolis (gep)
13. Global Propolis Market, by region/ country
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company profiles
14.1 Apiário Polenectar
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
14.8 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
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