Global Propolis Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
The global propolis market is projected to grow at a CAGR of 5.63% during the forecast period.
– Propolis is a unique combination of plant bio-actives and bee ingenuity. Propolis is used to protect and sterilize the beehive, where it acts as the immune defense mechanism for the whole hive.
– Propolis intake strengthens the immune system, simultaneously serving as an antioxidant, anesthetic, and a wound healer, which makes it an important component of the pharmaceutical sector.
– One of the challenges while purchasing Propolis is the lack of standardization across available brands. Many brands state they are made from 20% pure Propolis, however this does not inform the consumer of the quality of that 20%. Such a drawback in information transparency might restrain the growth of the market.
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Market competition by Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the Top players including-
Apis Flora, Wax Green, Comvita Limited, MN Propolis, Apiario Polenectar, King’s Gel, Evergreen Healthfoods Ltd., Sunyata Pon Lee, Uniflora.US
Market segment by Regions/Countries, this report covers
North America (U.S., Canada, Mexico)
Global (Germany, UK, France, Rest of Global)
Asia Pacific (China, India, Japan, Rest of Asia Pacific)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa
Key Market Trends
Propolis is the New Alternative Income Source for Beekeepers
In addition to honey, bees also produce propolis, also known, bee glue by mixing saliva and beeswax with exudate gathered from tree buds, sap flows, or other botanical sources. Propolis is antibacterial, antiviral, antifungal, and anti-inflammatory. and is thus used in traditional medicine treating abscesses and healing wounds. Owing to the rising demand due to multiple benefits, beekeepers have got an opportunity to come up with a unique revenue source, propolis production. For example, Siirt Beekeepers’ Association from Turkey has set up a project for the production, processing, and marketing of propolis, pollen, and royal jelly in order to boost up the revenue as one kilogram of propolis is sold at TRY 200 (almost USD36).
Asia Pacific is the Most Rapidly Growing Propolis Market
China is the largest consumer of propolis and hence the competitive platform for propolis-based products is also vast. There are numerous players, both small and large who are extracting propolis, for commercial use in different industrial purposes. Seaweed evolved as a unique source of propolis extraction after the large-scale commercialization. In present times, propolis is being domestically produced in China and is widely used as a component for cosmetic products and herbal treatments. Other countries of the Asia Pacific like Japan and India have also realized the benefits of propolis and have started including it in the products.
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Major points covered in this research are:-
─Propolis Market Overview, Segment by Type (Product Category), by Application, by Region (2020-2025), Competition by Manufacturers
─Global Market Size (Value) of Propolis (2020-2025)
─Global Propolis Capacity, Production, Revenue (Value), Supply (Production), Consumption, Export, Import by Region (2020-2025)
─Global Propolis Production, Revenue (Value), Price Trend by Type
─Global Propolis Market Analysis by Application
─Global Propolis Manufacturers Profiles/Analysis
─Propolis Manufacturing Cost Analysis
─Industrial Chain, Sourcing Strategy and Downstream Buyers
─Marketing Strategy Analysis, Distributors/Traders
─Market Effect Factors Analysis
─Global Propolis Market Forecast (2020-2025)
─Research Findings and Conclusion
Finally, this Propolis report covers the market scenario and its development prospects over the coming years. Report likewise manages the type analysis, contrasting it with the significant application, recent Propolis product development and gives an outline of the potential Global market.
Irfan Tamboli (Sales)
Phone: + 1704 266 3234