Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A4682
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Market Overview:

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.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Propolis Market Trends:

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.

Key Market Segmentation:

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:

 

 
 

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  • Capsules and Tablets
  • Liquids
  • Creams
  • Others
     

Breakup by Category:

  • Alcohol-based
  • Alcohol-free
     

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Pharmacies and Drugstores
  • Online Stores
  • Others
     

Breakup by Application:

  • Food and Beverages
  • Healthcare
  • Personal Care and Cosmetics
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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)

 

Key Questions Answered in This Report:

  • How has the global propolis market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global propolis market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the category?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global propolis market and who are the key players?
  • What is the degree of competition in the industry?

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Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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