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The global propolis market reached a value of US$ 625.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 864.1 Million by 2027, exhibiting a CAGR of 5.64% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Propolis is a resinous mixture made by honey bees using substances collected from different parts of plants, buds, and exudates. It usually comprises pollen, waxes, essential oils, flavonoids and phenolic acids, and various organic compounds, including sugars, steroids, vitamins, ketones, lactones, benzoic acid, and fatty acid esters. It is hard, brittle, lipophilic, and becomes soft, pliable, gummy, and sticky upon heating. It possesses a pleasant and characteristic aromatic fragrance and varies in color from yellow-green to dark brown according to its age and origin. As propolis has antioxidants and anesthetic and wound healing properties, it is widely consumed to strengthen the immune system.
Propolis offers various health benefits, which include improving digestive health and reducing wrinkles and other early signs of aging. As a result, there is a rise in the utilization of raw materials and secondary products comprising propolis in the healthcare and personal care sector worldwide. Moreover, as propolis assists in decreasing the risk of cancer, its utilization is extensively increasing around the world on account of the growing prevalence of the disease. Additionally, the high fatality of coronavirus disease (COVID-19) and the absence of antiviral treatment are positively influencing the sales of natural agents with immune-strengthening potential. This is strengthening the growth of the market as propolis is rich in antioxidants and bioactive compounds and offers antimicrobial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory properties. Apart from this, leading manufacturers are providing numerous propolis-based product variants that cater to different medical needs. They are also engaging in packaging improvement and promotional campaigns like celebrity endorsements to retain a competitive edge and expand their market reach.
IMARC Group provides an analysis of the key trends in each sub-segment of the global propolis market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, category, distribution channel and application.
Breakup by Product Type:
Breakup by Category:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apiário Polenectar, Apis Flora, Bee Health Limited (INW), Comvita Limited, Herb Pharm, Manuka Health New Zealand, Natural Factors Nutritional Products Ltd., NaturaNectar, NOW Foods, Nutraceutical International Corporation, Sunyata Alternative Products Ltd, Uniflora Nutraceutica Ltda and Wax Green.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Category, Distribution Channel, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Apiário Polenectar, Apis Flora, Bee Health Limited (INW), Comvita Limited, Herb Pharm, Manuka Health New Zealand, Natural Factors Nutritional Products Ltd., NaturaNectar, NOW Foods, Nutraceutical International Corporation, Sunyata Alternative Products Ltd, Uniflora Nutraceutica Ltda and Wax Green|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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