Propolis Market to Exhibit a Remarkable Growth of USD 1352.91 million by 2029, at a CAGR of 6.31%, Size, Share, Trends, Demand, Future Growth and New Opportunities
“An influential Propolis Market report contains the most recent market information, allowing companies to conduct in-depth analysis of the Propolis Market industry and future trends. It also helps gauge brand awareness and insights among potential customers, uncovering uncertainties that may arise due to changes in business activities or the introduction of new products to the market. This market analysis report is a detailed study of the Propolis Market industry, explaining market definitions, classifications, applications, engagements, and global industry trends. The Propolis Market research report serves as a significant component of business strategy.
Furthermore, for businesses, understanding consumer demands, preferences, attitudes, and changing tastes regarding specific products is crucial. This valuable information can be gleaned from the credible Propolis Market report. The report also sheds light on the various inhibitors and motivators of the product market in both quantitative and qualitative approaches, providing accurate information. The Propolis Market report also presents an analysis of prime manufacturers, trends, opportunities, marketing strategies, market impact factors, and consumer needs across major regions, types, and applications globally, while considering the past, present, and future state of the Propolis Market industry.
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Market Analysis and Size
Propolis is a natural safeguard framework created by bumble bees to protect their hive from contamination. It functions as a repairman and, as a result, keeps the microbial development inside the hive under control. Because of propolis’s broad antibacterial, antifungal, antiviral, cytotoxic, calming, and cancer prevention agent properties, it is widely used in the personal care, pharmaceutical, and food and beverage industries.
Data Bridge Market Research analyses that the propolis market was valued at USD 829.23 million in 2021 and is expected to reach the value of USD 1352.91 million by 2029, at a CAGR of 6.31% during the forecast period of 2022 to 2029.
Market Definition
Propolis is a resinous mixture produced by honey bees from various portions of plants, buds, and exudates. Pollen, waxes, essential oils, flavonoids and phenolic acids, and different chemical substances such as sugars, steroids, vitamins, ketones, lactones, benzoic acid, and fatty acid esters are commonly found in it. It is hard, brittle, and lipophilic, but when heated, it softens, becomes flexible, gummy, and sticky. It has a nice and distinctive aromatic fragrance and ranges in color from yellow-green to dark brown according on age and origin. Propolis is extensively used to improve the immune system since it contains antioxidants, anesthetics, and wound healing capabilities.
Report Scope and Market Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2019 – 2014) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Product Type (Capsules & Tablets, Spray, Extract, Others), Category (Alcohol-Based, Alcohol-Free), Distribution Channel (Store-Based, Non-Store-Based), Application (Food and Beverages, Healthcare, Personal Care and Cosmetics, Other), Type (Supercritical Extraction CO2 (SFE), Ethanol Extracted Propolis (EEP), Glycol Extracted Propolis (GEP), Other) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Apiário Polenectar (Brazil), Sunyata Pon Lee (Brazil), Apis Flora (Brazil), Sunyata Pon Lee (Brazil), Bee Health Limited (UK), Zhifengtang (China), Laprell’s Beehive Products, Inc. (Canada), Comvita Limited and its subsidiaries (New Zealand), Wax Green (Brazil), Manuka Health New Zealand (New Zealand) |
| Opportunities |
|
Propolis Market Dynamics
Drivers
- Growing expansion interest from the medical sector
The expansions of interest in propolis in the medical services and medicine sectors as well as the development of awareness about its therapeutic properties are regarded as the primary drivers of the propolis market. These factors are expected to play a significant role in the growth and development of the propolis Industry in the coming years. Propolis-based products are being offered by major manufacturers to meet specific health needs. As a result, the various medical benefits, in addition to the ease of access to items containing propolis extracts, are one of the major factors driving propolis interest in the global market.
- Celebrity endorsements and improved packaging campaigns
The high fatality rate of coronavirus disease (COVID-19) and the lack of antiviral treatment are driving up sales of natural agents with immune-strengthening properties. Propolis is high in antioxidants and bioactive compounds and it has antimicrobial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory properties, which are fuelling market growth. Aside from that, leading manufacturers offer a plethora of propolis-based product variants to meet a variety of medical needs. To maintain a competitive edge and expand their market reach, they are also investing in packaging improvements and promotional campaigns such as celebrity endorsements.
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The propolis market is segmented on the basis of product type, category, distribution channel, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Capsules & tablets
- Spray
- Extract
- Others
Distribution channel
- Store-based
- Supermarkets & hypermarkets
- Convenience stores
- Others
- Non-store-based
Category
- Alcohol based
- Alcohol free
Application
- Food and beverages
- Healthcare
- Personal care
- Cosmetics
- Other
Type
- Supercritical extraction co2 (sfe)
- Ethanol extracted propolis (eep)
- Glycol extracted propolis (gep)
- Other
Key Coverage in the Propolis Market Report:
- Detailed analysis of Global Propolis Market by a thorough assessment of the technology, product type, application, and other key segments of the report
- Qualitative and quantitative analysis of the market along with CAGR calculation for the forecast period
- Investigative study of the market dynamics including drivers, opportunities, restraints, and limitations that can influence the market growth
- Comprehensive analysis of the regions of the Propolis Market and their futuristic growth outlook
- Competitive landscape benchmarking with key coverage of company profiles, product portfolio, and business expansion strategies
Core Objective of Propolis Market:
Every firm in the Propolis Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
Size of the Propolis Market and growth rate factors.
- Important changes in the future Propolis Market.
- Top worldwide competitors of the Propolis Market.
- Scope and product outlook of Propolis Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in Propolis Market.
Global Propolis Market top manufacturers profile and sales statistics.
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