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

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.

𝗚𝗲𝘁 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝘃𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗮𝗴𝗲𝘀 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.polarismarketresearch.com/industry-analysis/propolis-market/request-for-sample

𝗞𝗲𝘆 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝘁𝗮𝘁𝘀

• 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.
• The industry is anticipated to exhibit a steady compound annual growth rate (CAGR) of 4.90% over the forecast period.
• The market is primarily segmented based on product type, distribution channel, and region.
• Asia Pacific is projected to grow at a rapid pace in the market.

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄

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.

𝗕𝘂𝘆 𝗡𝗼𝘄 𝗧𝗵𝗶𝘀 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 @ https://www.polarismarketresearch.com/buy/2704/2

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲
• Apis Flora
• Apiary Polenecter
• Bee Health
• Comvita
• Herb Pharm
• NOW Foods
• Sunyata Pon Lee
• Uniflora Health Foods
• Wax Green
• YS Organic Bee Farms.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

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.

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝗹 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄

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

𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝘁𝗵𝗲 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗲𝗿𝗲 @ https://www.polarismarketresearch.com/industry-analysis/propolis-market

𝗣𝗿𝗼𝗽𝗼𝗹𝗶𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀

• Capsules & tablets segment held the largest share, as they are the preferred choice among consumers and health practitioners
• Retail stores dominated the market, owing to the discount being offered by the consumers
• APAC region will grow at the rapid pace, owing to huge population seeking better treatment options
• 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

𝙈𝙤𝙧𝙚 𝙏𝙧𝙚𝙣𝙙𝙞𝙣𝙜 𝙍𝙚𝙥𝙤𝙧𝙩𝙨 𝙗𝙮 𝙋𝙤𝙡𝙖𝙧𝙞𝙨 𝙈𝙖𝙧𝙠𝙚𝙩 𝙍𝙚𝙨𝙚𝙖𝙧𝙘𝙝:

Food Safety Testing Market
https://www.openpr.com/news/3426107/food-safety-testing-market-trends-research-report-growth
Alcoholic Beverages Market
https://www.openpr.com/news/3426110/alcoholic-beverages-market-2024-industry-forecasts-analysis
Cheese Powder Market
https://www.openpr.com/news/3426111/cheese-powder-market-size-overview-business-strategies
Baking Ingredients Market
https://www.openpr.com/news/3426115/baking-ingredients-market-2024-industry-size-growth-revenue
L-Carnitine Market
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

 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.

This release was published on openPR.