USD 0.7 billion
Propolis Market Size, Share, Growth Analysis, By Type(Capsules And Tablets, Liquids, Others), By Category(Alcohol-based, Alcohol-free), By Application(Food and Beverages, Healthcare, Personal Care and Cosmetics, Others), By Distribution Channel(Online, Offline (Supermarkets and Hypermarkets, Pharmacies and Drugstores, Others)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2163 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
118
|Figures:
77
Propolis Market Insights
Propolis Market size was valued at USD 0.7 billion in 2022 and is poised to grow from USD 0.75 billion in 2023 to USD 1.25 billion by 2031, growing at a CAGR of 6.67% in the forecast period (2024-2031).
Propolis has a variety of compounds, including flavonoids, phenolic acids, and terpenes, which contribute to its antimicrobial, anti-inflammatory, and antioxidant properties. It has been shown to be effective in treating various conditions, such as colds, sore throat, dental cavities, and skin injuries. However, it may cause allergic reactions in some individuals and should be used with caution. The global market growth is driven by the increasing demand for natural health products. Propolis is used in a wide range of applications, including food and beverages, pharmaceuticals, and cosmetics, due to its antibacterial and anti-inflammatory properties. The rise in health consciousness and awareness of the benefits of natural products is also contributing to the growth of the propolis market. The top producers and exporters of propolis are Brazil, China, and Europe. A small number of dominant large companies compete against a large number of numerous small-scale producers in this highly fragmented market. Due to the significant demand for natural and organic products in this region, North America is anticipated to dominate the market. The Asia-Pacific region is expected to witness the fastest growth due to the increasing awareness about the health benefits of propolis, rising disposable income, and the growing demand for natural personal care and healthcare products in countries such as China, Japan, and India.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Raw Propolis
Fastest Growth
Powder Propolis
Growth Rate
6.67% CAGR
Global Propolis Market ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Propolis Market Segmental Analysis
Global Propolis Market is segmented by Type, Category, Application, Distribution Channel and Region. Based on Type, the market can be segmented into Capsules And Tablets, Liquids, Others. Based on Category, the market is segmented into Alcohol-based, Alcohol-free. Based on Application, the market is segmented into Food and Beverages, Healthcare, Personal Care and Cosmetics, Others. Based on Distribution Channel, the market is segmented into Online, Offline (Supermarkets and Hypermarkets, Pharmacies and Drugstores, Others). Based on Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Propolis Market Analysis by Type
By type, the market can be segmented into raw propolis and powder propolis. Raw propolis is expected to dominate the market due to its high demand in the food and beverage industry as a natural food preservative and flavor enhancer. On the other hand, powder propolis is anticipated to grow at the fastest rate due to its expanding use in the pharmaceutical and cosmetic industries.
The growing demand for natural and organic products in the pharmaceutical and cosmetic industries is driving the demand for powder propolis. Additionally, powder propolis is easier to handle and store than raw propolis, which is further contributing to its growing popularity.
Propolis Market Analysis by Application
By application, the market can be segmented into food and beverages, and cosmetics and personal care. The food and beverages segment dominated the market due to the growing demand for natural food preservatives and flavor enhancers. Propolis is widely used in the food and beverage industry as a natural preservative, and its antioxidant properties make it a popular ingredient in functional foods and beverages.
While the demand for natural and organic personal care products is on the rise, the cosmetics and personal care segment is anticipated to grow at the fastest CAGR. Because of its antibacterial and anti-inflammatory qualities, propolis is a well-liked component in skincare products like creams, lotions, and serums.
Global Propolis Market Size By Type (%)
To get detailed analysis on other segments, Request For Free Sample Report
Propolis Market Regional Insights
North America dominated the global propolis market due to the rising demand for natural and organic products in the region. The United States and Canada are the key contributors to the growth of the market in North America. The region's strong economy, high disposable income, and rising health consciousness among consumers are driving the demand for natural products, including propolis. Additionally, the presence of several key players in the region is contributing to the market growth.
The Asia Pacific region is expected to grow at the significant CAGR. The growing demand for natural personal care and healthcare products, rising disposable income, and increasing awareness about the health benefits of propolis are driving the market growth in the region. Countries such as China, Japan, and India are expected to contribute significantly to the growth of the market in the APAC region.
Global Propolis Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Propolis Market Dynamics
Propolis Market Drivers
Increasing demand for natural and organic products
- One of the major drivers of the global propolis market is the increasing demand for natural and organic products in various industries, including food and beverage, cosmetics, and healthcare. Propolis, being a natural and organic ingredient, is gaining popularity among consumers due to its health benefits, which is driving the demand for propolis-based products. Additionally, propolis is being widely used as a natural food preservative and flavor enhancer in the food and beverage industry, further contributing to the market's growth.
Propolis Market Restraints
Limited availability of propolis
- One of the major restraints of the global propolis market is the limited availability of propolis. Propolis is produced by bees and its availability depends on the weather, season, and geographical location. The production of propolis is also affected by the decline in bee populations, which is a major concern for the industry. Furthermore, the high cost of propolis extraction and processing is also limiting the market growth. These factors are contributing to the limited supply of propolis and hindering the market's growth potential.
Request Free Customization of this report to help us to meet your business objectives.
Propolis Market Competitive Landscape
The global propolis market is highly competitive, with a large number of small-scale producers and a few large companies operating in the market. To increase their market presence and customer base, these companies are concentrating on strategies like mergers and acquisitions, partnerships, and the launch of new products. To meet the growing demand for natural and organic products, businesses are also making significant investments in R&D initiatives to create fresh and inventive propolis-based products. Additionally, factors like cost, quality, and the availability of raw materials influence the market competition.
Propolis Market Top Player’s Company Profiles
- API Health
- Comvita Limited
- B Natural
- Bee Health Limited
- Wax Green
- Zhifengtang Pharmaceutical Co. Ltd.
- MN Propolis
- Ponlee
- Ponlee Bee
- Sunyata Pon Lee Bee
- Zhonghong Biological Group Co., Ltd.
- Bee & Health Co. Ltd.
- Honey Pacifica
- Honey Gardens
- Beekeeper's Naturals
- Beehive Botanicals Inc.
- Durham's Bee Farm
- Y.S. Eco Bee Farms
- Royal Jelly Australia
- NaturaNectar LLC.
Propolis Market Recent Developments
-
In March 2024, Mānuka Health, a top-notch brand known for its high-quality mānuka honey products, is thrilled to introduce three new product lines, including their very first skincare range. These new collections are all about harnessing the full power of raw mānuka honey, propolis, and royal jelly to boost vitality, strengthen resilience, and promote overall wellbeing. They're designed to work together seamlessly, providing a complete system to support your health and beauty needs.
-
In May 2023, Youth Fund joined forces with Savannah Honey to help young people in Kenya create opportunities to earn money. This partnership is all about giving young entrepreneurs in the honey industry the chance to get funding and learn how to run their own businesses.
-
In June 2023, Beekeeper's Naturals shared that they've successfully raised $14 million in funding. The funding round was supported by Devonshire Investors, CAVU Consumer Partners, Vibrant Ventures, and Muse Capital. This new investment comes after their previous Series B funding in 2020, which was also led by CAVU Consumer Partners.
Propolis Key Market Trends
- The rising demand for propolis-based products in the cosmetics and personal care sectors is one of the major market trends in the propolis market. Propolis is a great ingredient for skincare products because of its antibacterial and anti-inflammatory qualities. The propolis market in this sector is expanding due to the rising demand for natural and organic skincare products. Propolis is increasingly being used in functional foods and dietary supplements due to its potential health advantages.
Propolis Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global propolis market analysis, the market growth is driven by increasing demand for natural and organic products across various industries. The market is segmented by type into raw propolis and powder propolis, with the latter expected to dominate the market due to its ease of use and higher demand in the cosmetics industry. The cosmetics and personal care segment to be the fastest-growing segment due to the rising demand for natural and organic skincare products. North America dominated the global market due to the increasing demand for natural food preservatives and flavor enhancers. However, limited availability of propolis due to the decline in bee populations and the high cost of extraction and processing is hindering the market growth potential.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 0.7 billion |
| Market size value in 2031 | USD 1.25 billion |
| Growth Rate | 6.67% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Propolis Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Propolis Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Propolis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Propolis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Propolis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Propolis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Propolis Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
