Press release
Propolis Market to Reach USD 1.01 Billion by 2030, Growing at a CAGR of 5.48%
Propolis Market
The global Propolis Market is projected to witness significant growth, driven by increasing applications in pharmaceuticals, cosmetics, and food products. According to the latest market research, the global propolis market was valued at USD 700 million in 2023 and is expected to grow at a CAGR of 5.8% from 2024 to 2030, reaching approximately USD 1.1 billion by 2030. This growth is underpinned by advancements in healthcare products and rising awareness of natural remedies.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/54379/
Country-Specific Analysis
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's propolis market is expanding due to increasing investments in pharmaceutical and cosmetic industries. The government's support for sustainable beekeeping practices has boosted the availability of raw materials. Recent mergers, such as ๐๐๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ'๐ฌ collaboration with local producers, have further enhanced market penetration.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand is emerging as a significant player in the propolis market, thanks to its thriving natural products industry. The country has seen recent developments like ๐๐๐ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐๐ฌ partnering with research institutions to develop advanced propolis-based health supplements. The market size is expected to grow at a CAGR of 6.2% during the forecast period.
๐๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's focus on innovative healthcare products has propelled the demand for propolis. Companies like ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are actively launching products targeting aging populations. The market is also witnessing significant R&D investments, positioning Japan as a key hub for propolis innovation.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/54379/
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
In South Korea, the use of propolis in cosmetics is driving market growth. Leading companies like ๐๐๐ ๐๐ญ๐. have introduced skincare lines infused with propolis, catering to the growing demand for natural and organic products. Mergers and acquisitions among local and global players are further consolidating the market.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's market growth is fueled by high consumer awareness and demand for premium healthcare products. ๐๐๐ ๐๐ง๐. has recently acquired a local distributor, strengthening its supply chain and expanding its product offerings. Singapore serves as a regional hub for propolis distribution in Southeast Asia.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The US remains a key market for propolis, driven by its extensive application in health supplements and functional foods. Companies like ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง have focused on launching organic-certified propolis products. Recent developments include partnerships with e-commerce platforms to increase market reach.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/54379/
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's propolis market is characterized by stringent quality standards and high demand for natural remedies. Major players like ๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ are expanding their product portfolios to include propolis-based supplements and cosmetics. Recent mergers between GHI Group and ๐๐๐ ๐๐ง๐ญ๐๐ซ๐ฉ๐ซ๐ข๐ฌ๐๐ฌ have strengthened market leadership in the region.
๐๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐ ๐จ๐ซ๐ฆ
Capsules and tablets
Sprays
Extract
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Food and Beverages
Healthcare
Personal Care and Cosmetics
๐๐ฒ ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ
Online Sales
Offline Sales
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/global-propolis-market/54379/
๐๐ซ๐จ๐ฉ๐จ๐ฅ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
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
11. Herb Pharm LLC
12. Bee Health Limited
13. Y.S. Organic Bee Farms
14. NOW Foods
15. Bio Botanica Inc.
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
โฆ India Food Additives Market https://www.maximizemarketresearch.com/market-report/india-food-additives-market/21469/
โฆ Global Fermented Beverages Market https://www.maximizemarketresearch.com/market-report/global-fermented-beverages-market/97972/
โฆ Jelly Pudding Market https://www.maximizemarketresearch.com/market-report/jelly-pudding-market/228958/
โฆ Australia Nutritional Supplements Market https://www.maximizemarketresearch.com/market-report/australia-nutritional-supplements-market/225042/
โฆ India Cocoa Butter Market https://www.maximizemarketresearch.com/market-report/india-cocoa-butter-market/46333/
โฆ Mexico Nutritional Supplements Market https://www.maximizemarketresearch.com/market-report/mexico-nutritional-supplements-market/225062/
โฆ Global Perilla Leaf Extract Market https://www.maximizemarketresearch.com/market-report/global-perilla-leaf-extract-market/110040/
โฆ Global Baking Enzymes Market https://www.maximizemarketresearch.com/market-report/global-baking-enzymes-market/78754/
โฆ Hops Market https://www.maximizemarketresearch.com/market-report/hops-market/200296/
โฆ Global Leavening Agents Market https://www.maximizemarketresearch.com/market-report/global-leavening-agents-market/112423/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/104828/โฆ
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