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Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Nov 24, 2023
Length 140 Pages
SKU # IMRC18361791

Description

Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


The global propolis market size reached US$ 664 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 906 Million by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2022-2028.

Propolis is a resinous mixture made by honey bees using substances collected from different parts of plants, buds, and exudates. It usually comprises pollen, waxes, essential oils, flavonoids and phenolic acids, and various organic compounds, including sugars, steroids, vitamins, ketones, lactones, benzoic acid, and fatty acid esters. It is hard, brittle, lipophilic, and becomes soft, pliable, gummy, and sticky upon heating. It possesses a pleasant and characteristic aromatic fragrance and varies in color from yellow-green to dark brown according to its age and origin. As propolis has antioxidants and anesthetic and wound healing properties, it is widely consumed to strengthen the immune system.

Propolis Market Trends:
Propolis offers various health benefits, which include improving digestive health and reducing wrinkles and other early signs of aging. As a result, there is a rise in the utilization of raw materials and secondary products comprising propolis in the healthcare and personal care sector worldwide. Moreover, as propolis assists in decreasing the risk of cancer, its utilization is extensively increasing around the world on account of the growing prevalence of the disease. Additionally, the high fatality of coronavirus disease (COVID-19) and the absence of antiviral treatment are positively influencing the sales of natural agents with immune-strengthening potential. This is strengthening the growth of the market as propolis is rich in antioxidants and bioactive compounds and offers antimicrobial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory properties. Apart from this, leading manufacturers are providing numerous propolis-based product variants that cater to different medical needs. They are also engaging in packaging improvement and promotional campaigns like celebrity endorsements to retain a competitive edge and expand their market reach.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global propolis market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, category, distribution channel and application.

Breakup by Product Type:

Capsules and Tablets
Liquids
Creams
Others

Breakup by Category:

Alcohol-based
Alcohol-free

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Pharmacies and Drugstores
Online Stores
Others

Breakup by Application:

Food and Beverages
Healthcare
Personal Care and Cosmetics
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apiário Polenectar, Apis Flora, Bee Health Limited (INW), Comvita Limited, Herb Pharm, Manuka Health New Zealand, Natural Factors Nutritional Products Ltd., NaturaNectar, NOW Foods, Nutraceutical International Corporation, Sunyata Alternative Products Ltd, Uniflora Nutraceutica Ltda and Wax Green.

Key Questions Answered in This Report:
How has the global propolis market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global propolis market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the category?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global propolis market and who are the key players?
What is the degree of competition in the industry?

Table of Contents

140 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Propolis Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Capsules and Tablets
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Liquids
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Creams
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Category
7.1 Alcohol-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Alcohol-free
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmacies and Drugstores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Online Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Application
9.1 Food and Beverages
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Healthcare
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Personal Care and Cosmetics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Apiário Polenectar
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Apis Flora
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bee Health Limited (INW)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Comvita Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Herb Pharm
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Manuka Health New Zealand
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Natural Factors Nutritional Products Ltd.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 NaturaNectar
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 NOW Foods
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Nutraceutical International Corporation
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Sunyata Alternative Products Ltd
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Uniflora Nutraceutica Ltda
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Wax Green
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio

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