Global Propolis Market to Reach US$722.4 Million by 2030
The global market for Propolis estimated at US$661.1 Million in the year 2024, is expected to reach US$722.4 Million by 2030, growing at a CAGR of 1.5% over the analysis period 2024-2030. Capsules & Tablets, one of the segments analyzed in the report, is expected to record a 1.1% CAGR and reach US$411.7 Million by the end of the analysis period. Growth in the Liquids segment is estimated at 2.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$180.1 Million While China is Forecast to Grow at 2.8% CAGR
The Propolis market in the U.S. is estimated at US$180.1 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$131.1 Million by the year 2030 trailing a CAGR of 2.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.6% and 1.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.
Propolis, a resinous substance produced by bees, has gained significant attention in the natural health and skincare industries due to its antimicrobial, antioxidant, and anti-inflammatory properties. Traditionally used in alternative medicine, propolis is now being incorporated into dietary supplements, skincare products, oral care formulations, and wound-healing treatments. Its ability to support immune function, fight infections, and promote tissue regeneration has made it a sought-after ingredient in functional health products. The growing consumer preference for natural and organic remedies over synthetic pharmaceuticals has further fueled demand for propolis-based formulations. Additionally, the rise of clean beauty and botanical skincare has encouraged the use of propolis in serums, creams, and balms, offering natural solutions for acne, sensitive skin, and anti-aging treatments. As research continues to validate the therapeutic benefits of propolis, its applications across health, wellness, and personal care industries are expanding, driving market growth and product innovation.
Despite its growing popularity, the propolis market faces several challenges related to sourcing, standardization, and regulatory compliance. One of the key barriers is the variability in propolis composition, as its chemical properties depend on the geographic location, climate, and plant sources utilized by bees. This inconsistency makes standardization difficult, affecting product formulation and efficacy. Additionally, ethical and sustainable sourcing remains a concern, as overharvesting of bee products can impact pollinator populations and biodiversity. The presence of contaminants such as pesticides and heavy metals in raw propolis also raises quality control challenges, requiring rigorous testing and purification processes. Regulatory hurdles further complicate market expansion, as propolis-based health products must meet stringent guidelines for safety, labeling, and health claims in different regions. Overcoming these challenges requires investment in sustainable beekeeping practices, enhanced quality assurance protocols, and greater consumer education on the benefits and responsible sourcing of propolis-based products.
Advancements in extraction techniques and formulation science are transforming the propolis industry, improving product potency, bioavailability, and consumer appeal. The development of supercritical CO2 extraction and ultrasonic-assisted extraction methods is enabling manufacturers to obtain high-purity propolis extracts without compromising its active compounds. Nanoencapsulation technology is further enhancing the delivery of propolis in dietary supplements, ensuring better absorption and sustained release of beneficial compounds. Additionally, the rise of water-soluble propolis formulations is expanding its use in functional beverages, making it more accessible for daily health routines. In skincare, biotech-driven fermentation techniques are refining propolis extracts to enhance their efficacy for sensitive and acne-prone skin. Sustainable packaging innovations, such as biodegradable tubes and glass containers, are also aligning with the growing consumer preference for eco-friendly products. As these technological advancements continue, propolis is becoming a more versatile, effective, and widely accepted natural health ingredient across multiple industries.
The growth in the propolis market is driven by several factors, including increasing consumer demand for natural health solutions, expanding research on its therapeutic properties, and rising applications in nutraceuticals and skincare. The surge in immune-boosting supplements following the COVID-19 pandemic has heightened interest in propolis as a natural antiviral and antibacterial agent. The growing emphasis on holistic wellness and botanical medicine is further accelerating market expansion, with consumers seeking alternatives to synthetic drugs. Additionally, the rise of functional foods and beverages is creating new opportunities for propolis-infused products, from honey blends to herbal teas. The clean beauty movement is also contributing to demand, as brands formulate propolis-based skincare for consumers prioritizing organic and sustainable ingredients. As scientific validation of propolis continues to grow and companies invest in sustainable sourcing and innovation, the market is poised for sustained expansion, reinforcing propolis as a leading natural health and skincare ingredient.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
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APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
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