According to the latest report by IMARC Group, titled “Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.' the global propolis market reached a value of US$ 625.5 Million in 2021.Looking forward, IMARC Group expects the market to reach US$ 864.1 Million by 2027, exhibiting a CAGR of 5.64% during 2022-2027.

Propolis, also known as bee glue, is a resinous mixture produced by honey bees using beeswax, saliva, and exudate gathered from tree buds, sap flows, or other botanical sources. It possesses a pleasant aromatic fragrance and varies in color from yellow-green to dark brown according to age and origin. Moreover, it is widely consumed to strengthen the immune system as it has antioxidant, anesthetic and wound healing properties.

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Global Propolis Market Trends:

The market is primarily driven by the increasing applications of propolis in the health care and personal care sector due to its numerous health benefits, such as improving digestive health, reducing wrinkles, and decreasing cancer risk. In addition, the high fatality of coronavirus disease (COVID-19) is escalating the demand for natural agents with immune-strengthening properties. This is contributing to the market growth as propolis offers antimicrobial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory properties. Furthermore, leading manufacturers are introducing several propolis-based product variants to suit different medical needs. They are also adopting advanced packaging techniques and promotional campaigns to expand their market reach. On account of these factors, the market is expected to create a favorable market outlook across the globe.

Propolis Market Trends, Share, Size and Forecast 2022-2027

Propolis Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the propolis market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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
Wax Green.

Key Market Segmentation:

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)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market

Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

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Propolis Market Trends, Share, Size and Forecast 2022-2027