Propolis Market Industry Outlook, Size, Growth Factors, and Forecast To, 2029

Propolis Market is expected to reach USD 0.96 Bn by 2029, at a CAGR of 5.48% during the forecast period.

Propolis Market Report Scope and Research Methodology

Scope of the Report:

This report provides a comprehensive analysis of the Global Propolis Market, including market values and trends, the impact of COVID-19, market dynamics, key trends, market segments, and regional insights.

Research Methodology:

The report establishes 2022 as the baseline year for forecasting market trends from 2023 to 2029, incorporating real-world data, industry insights, and COVID-19 implications. A team of analysts monitors the global situation and offers insights for the market's post-COVID-19 scenario.

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What are Propolis Market Dynamics?

Drivers: Health Benefits and Expanding Application

Propolis, rich in active organic compounds, is renowned for its health benefits, including anti-tumoral and anticancer properties. It is used in the treatment of conditions such as nose and throat cancer due to its effectiveness in restricting cancer cell multiplication. Additionally, propolis extracts are increasingly used in various cosmetic products. Surging demand in the healthcare and pharmaceutical sectors has contributed to the high CAGR of the Propolis Market.

Restraints: Allergies and Quality Transparency

While propolis offers numerous benefits, it can cause allergies in a small portion of the population allergic to bee products. Medications containing propolis can affect blood clotting and may result in excessive bleeding during surgery. The lack of standardized information across brands is a challenge, hindering the market's growth.

Propolis Market Segmentation?

by Form

Capsules
Sprays
Extracts

by Alcohol content

Alcohol-containing
Alcohol-free

by Application

Food and Beverages
Healthcare
Personal Care and Cosmetics

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Who are Propolis Market Key Players?

1.Apis Flora
2.Wax Green
3.Comvita Limited
4.MN Propolis
5.Apiario Polenectar
6.King's Gel
7.Evergreen Healthfoods Ltd.
8.Sunyata Pon Lee
9.Polenectar
10.Ponlee
11.Uniflora
12.Manuka Health New Zealand
13.Zhifengtang
14.Wang's
15.Bricaas
16.Beijing Baihua Apiculture Technology Development Corp.
17.Beewords
18.Zhonghong Biological
19.Baoshengyuan
20.Jiangshan Hengliang
21.Health & Love
22.Hongfa
23.Jiangsu Rigao Bee Products

Table of content for the Propolis Market includes:

Part 01: Executive Summary

Part 02: Scope of the Propolis Market Report

Part 03: Global Propolis Market Landscape

Part 04: Global Propolis Market Sizing

Part 05: Global Propolis Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia Pacific led the market in 2022 and is anticipated to maintain a substantial market share throughout the forecast period. Major producers are situated in China and Brazil, with most of Brazil's propolis production exported to Japan. Asian export markets are expanding, with significant sales to China, Taiwan, Japan, and Korea. New Zealand is also emerging as a prominent propolis market, with a growing customer base.

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