Propolis Market Growth Probability, Leading Vendors and Future Scenario up to 2030

𝐏𝐫𝐨𝐩𝐨𝐥𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 (2023-2030)

The global Propolis Market was valued at USD 0.69 billion in 2023 and is projected to reach USD 1.01 billion by 2030, growing at a CAGR of 5.48% during the forecast period. This comprehensive analysis explores the impact of COVID-19 on the market, key dynamics, market segmentation, regional insights, and major players in the industry.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/54379/

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-19 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐫𝐨𝐩𝐨𝐥𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The COVID-19 pandemic has significantly affected the global economy, including the propolis market. The pandemic has disrupted production and demand, causing supply chain issues and financial strain on businesses and financial markets. Despite these challenges, our analysts believe that the propolis market will present lucrative opportunities for producers in the post-pandemic era.

𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐏𝐫𝐨𝐩𝐨𝐥𝐢𝐬

Propolis is a resinous substance collected by bees from living plants to construct and adapt their nests. Renowned for its beneficial biological activities, propolis is widely used in folk medicine and is available in various forms such as capsules, tablets, creams, sprays, and lozenges. It is commonly used as a food supplement, in biopharmaceuticals, and in (bio)cosmetics. Propolis acts as a sealing agent, helping to control microbial growth within the hive.

Due to its wide-ranging antibacterial, antifungal, antiviral, cytotoxic, anti-inflammatory, and antioxidant properties, propolis is extensively utilized in the personal care, pharmaceuticals, and food & beverage industries. As a result, the global propolis market is expected to experience significant growth. Major producers include countries like China and Brazil, with prominent companies such as Apis Flora, Wax Green, MN Propolis, Apiario Polenectar, King's Gel, and Ponlee in Brazil, and Beijing Baihua Apiculture Technology Development Corp. and Zhifengtang in China.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

Propolis, also known as bee glue, contains active organic compounds such as flavonoids, aromatic acids, amino acids, and essential oils. It is used in treating cancer of the nose and throat due to its anti-tumoral and anticancer properties. Propolis restricts the multiplication of cancerous cells and blocks pathways used by cancer cells to communicate. Additionally, propolis extract is widely used in cosmetic products like anti-acne soaps, lotions, shampoos, and anti-dandruff conditioners. The increasing demand for propolis in healthcare and pharmaceutical sectors is a key factor driving the market's high CAGR.

However, propolis can cause allergies in individuals sensitive to bee products and may slow blood clotting, leading to excessive bleeding in some surgical patients. These side effects are expected to hinder market growth. Additionally, the lack of standardization across brands poses a challenge for consumers. Many brands claim to contain 20% pure propolis, but the quality of that 20% is often unclear, affecting consumer trust and potentially restraining market growth.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/54379/


𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Propolis as a New Revenue Source for Beekeepers

In addition to honey, bees produce propolis by mixing saliva and beeswax with exudate gathered from tree buds, sap flows, or other botanical sources. Propolis is known for its antibacterial, antiviral, antifungal, and anti-inflammatory properties and is used in traditional medicine to treat abscesses and heal wounds. The increasing demand for propolis offers beekeepers a unique revenue source. For example, the Siirt Beekeepers' Association in Turkey has initiated a project for the production, processing, and marketing of propolis, pollen, and royal jelly, enhancing their revenue as one kilogram of propolis sells for around TRY 200 (approximately USD 36).

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

The healthcare segment held a significant market share in 2023, driven by the antifungal, antibacterial, and antioxidative properties of propolis. This trend is expected to continue over the forecast period. Factors such as the health benefits of consuming propolis, the availability of propolis dietary supplements, and the growing preference for online shopping will contribute to the healthcare segment maintaining its market position.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

The Asia Pacific region held the largest share of the global propolis market in 2023 and is expected to maintain its leading position during the forecast period. Major producers in the region include China and Brazil. Brazil's propolis production is primarily exported to Japan, with continuous market growth. Other significant producers include Russia, the US, Spain, Romania, Argentina, and Chile. The total annual commercial production of raw propolis is estimated to be between 1,800 and 2,400 tons.

Propolis was not well-known among New Zealand consumers, but its profile and consumption are increasing. New Zealand has a significant domestic customer base in its in-bound tourism sector, particularly among Asian tourists who purchase propolis products at airport stores. The Asian export market for New Zealand propolis products is growing, with dominant sales to China, Taiwan, Japan, and Korea. New Zealand propolis is also exported to Southeast Asia (Thailand, Malaysia, and Singapore), Europe (UK, Germany, and Eastern Europe), and North America.

Demand from Asian markets for propolis is increasing, with expected growth from East Asian markets including China, Japan, and Korea. These markets are investing in research to better understand the therapeutic benefits of propolis, often comparing New Zealand propolis to that sourced from China and Brazil. New Zealand propolis has distinctive flavonoid characteristics that stand out against propolis from other countries. However, New Zealand's propolis production is insufficient to meet market demand, leading to imports of low-cost propolis from China and Uruguay to meet manufacturing needs. New Zealand typically imports between 20 and 25 tons of propolis from China and an additional 10 to 12 tons from Uruguay.

Conclusion

The objective of this report is to present a comprehensive analysis of the global propolis market, including all industry stakeholders. The report provides an analysis of the past and current status of the industry, along with forecasted market size and trends. It covers all aspects of the industry, including key players, market leaders, followers, and new entrants. The report includes PORTER, SVOR, and PESTEL analysis, highlighting the potential impact of micro-economic factors on the market.

By analyzing both external and internal factors that could affect the industry, the report provides a clear futuristic view for decision-makers. The report also offers an understanding of global propolis market dynamics, structure, and segmentation, projecting the market size. It includes a competitive analysis of key players based on application, price, financial position, product portfolio, growth strategies, and regional presence, making it an investor's guide.

𝐏𝐫𝐨𝐩𝐨𝐥𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞:

Report Coverage Details
Base Year: 2023
Forecast Period: 2024-2030
Historical Data: 2018 to 2023
Market Size in 2023: USD 0.69 Bn
Forecast Period 2024 to 2030 CAGR: 5.48%
Market Size in 2030: USD 1.01 Bn
Segments Covered:
• By Form: Capsules and Tablets, Sprays, Extract, Others
• By Application: Food and Beverages, Healthcare, Personal Care and Cosmetics
• By Distribution Channel: Online Sales, Offline Sales

• 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• North America: United States, Canada, Mexico
• Europe: UK, France, Germany, Italy, Spain, Sweden, Austria, Rest of Europe
• Asia Pacific: China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan, Rest of APAC
• Middle East and Africa: South Africa, GCC, Egypt, Nigeria, Rest

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/54379/

• 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
1. Apis Flora
2. Wax Green
3. Comvita Limited
4. Evergreen Healthfoods Ltd.
5. Sunyata Pon Lee
6. Uniflora
7. Manuka Health New Zealand
8. Wang's
9. Jiangshan Hengliang
10. Health & Love

𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-propolis-market/54379/

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