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Propolis Market Size Worth $954.37 Million | Opportunity Analysis By 2032 at 4.90% CAGR

04-22-2024 07:30 AM CET | Food & Beverage

Press release from: Polaris Market Research

Propolis Market

Propolis Market

The increased demand for propolis in the healthcare and pharmaceutical sectors, owing to its versatile applications, has been an influential factor in driving the revenue and growth of the industry. By product type analysis, the capsules and tablets segment held the largest share in 2022. By region analysis, North America held the largest share and dominated the global market.

๐—š๐—ฒ๐˜ ๐—˜๐˜…๐—ฐ๐—น๐˜‚๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—ฃ๐—ฎ๐—ด๐—ฒ๐˜€ ๐—ผ๐—ณ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ @ https://www.polarismarketresearch.com/industry-analysis/propolis-market/request-for-sample

๐—ž๐—ฒ๐˜† ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ฆ๐˜๐—ฎ๐˜๐˜€

โ€ข The global Propolis Market was valued at USD 622.64 million in 2023 and is expected to grow to USD 954.37 million by 2032.
โ€ข The industry is anticipated to exhibit a steady compound annual growth rate (CAGR) of 4.90% over the forecast period.
โ€ข The market is primarily segmented based on product type, distribution channel, and region.
โ€ข Asia Pacific is projected to grow at a rapid pace in the market.

๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„

Propolis is a resinous mixture made by bees. Honeybees produce it by mixing saliva and beeswax with exudate collected from the buds of poplar and cone-bearing trees. Bees typically use it to build and seal unwanted spaces in hives, meaning it may contain beehive products. Propolis is known to help fight against some viruses, bacteria, and fungi. Also, its anti-inflammatory properties may help skin heal. Individuals commonly use propolis for conditions such as cold sores, diabetes, and mouth sores. Also, it may be helpful in treating cancer sores, burns, and genital herpes. To cater to the diverse market needs, industry participants offer propolis in several forms, including capsules, tablets, powder, extract, and lozenge.

๐—•๐˜‚๐˜† ๐—ก๐—ผ๐˜„ ๐—ง๐—ต๐—ถ๐˜€ ๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜‚๐—บ ๐—ฅ๐—ฒ๐˜€๐—ฒ๐—ฎ๐—ฟ๐—ฐ๐—ต ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜๐˜€ @ https://www.polarismarketresearch.com/buy/2704/2

๐—–๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐˜ƒ๐—ฒ ๐—Ÿ๐—ฎ๐—ป๐—ฑ๐˜€๐—ฐ๐—ฎ๐—ฝ๐—ฒ
โ€ข Apis Flora
โ€ข Apiary Polenecter
โ€ข Bee Health
โ€ข Comvita
โ€ข Herb Pharm
โ€ข NOW Foods
โ€ข Sunyata Pon Lee
โ€ข Uniflora Health Foods
โ€ข Wax Green
โ€ข YS Organic Bee Farms.

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€

With the high demand for propolis in countries such as the U.S. and Canada, the North American region dominates the propolis market. Besides, the rising number of genital herpes cases in the U.S. is also supporting the increased demand in the region. The market in Asia Pacific is anticipated to grow at a rapid pace with the rise in disposable income and the growing prevalence of cancer cases.

๐—ฆ๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐—ข๐˜ƒ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฒ๐˜„

Polaris Market Research has segmented the propolis market report based on product type, distribution channel, and region:
Propolis, Source Outlook (Revenue - USD Million, 2023 - 2032)
Capsules And Tablets
Liquids
Others
Propolis, Distribution Channel Outlook (Revenue - USD Million, 2023 - 2032)
Retail Store
Online
Others

๐—˜๐˜…๐—ฝ๐—น๐—ผ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ ๐—–๐—ผ๐—บ๐—ฝ๐—น๐—ฒ๐˜๐—ฒ ๐—–๐—ผ๐—บ๐—ฝ๐—ฟ๐—ฒ๐—ต๐—ฒ๐—ป๐˜€๐—ถ๐˜ƒ๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—›๐—ฒ๐—ฟ๐—ฒ @ https://www.polarismarketresearch.com/industry-analysis/propolis-market

๐—ฃ๐—ฟ๐—ผ๐—ฝ๐—ผ๐—น๐—ถ๐˜€ ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€

โ€ข Capsules & tablets segment held the largest share, as they are the preferred choice among consumers and health practitioners
โ€ข Retail stores dominated the market, owing to the discount being offered by the consumers
โ€ข APAC region will grow at the rapid pace, owing to huge population seeking better treatment options
โ€ข The global key market players include Apiary Polenecter, Apis Flora, Herb Pharm, Uniflora Health Foods, Bee Health, Wax Green, Sunyata Pon Lee, an NOW Foods

๐™ˆ๐™ค๐™ง๐™š ๐™๐™ง๐™š๐™ฃ๐™™๐™ž๐™ฃ๐™œ ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ๐™จ ๐™—๐™ฎ ๐™‹๐™ค๐™ก๐™–๐™ง๐™ž๐™จ ๐™ˆ๐™–๐™ง๐™ ๐™š๐™ฉ ๐™๐™š๐™จ๐™š๐™–๐™ง๐™˜๐™:

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https://www.openpr.com/news/3426107/food-safety-testing-market-trends-research-report-growth
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https://www.openpr.com/news/3426110/alcoholic-beverages-market-2024-industry-forecasts-analysis
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https://www.openpr.com/news/3426111/cheese-powder-market-size-overview-business-strategies
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https://www.openpr.com/news/3426115/baking-ingredients-market-2024-industry-size-growth-revenue
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https://www.openpr.com/news/3426120/l-carnitine-market-2024-industry-analysis-size-share

Contact Us:

Polaris Market Research

Phone: +1-929-297-9727

Email: sales@polarismarketresearch.com

ย About Us:

Polaris Market Research is a worldwide market research and consulting organization.
We give unmatched nature of offering to our customers present all around the globe across industry verticals.
Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation,
next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

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