The global demand for Propolis Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
Propolis is a sticky, greenish-brown compound produced by bees by combining their sap with their discharges and wax. The compositions vary depending on the location of the bees and trees and flowers they have access to. Bees use it to build their hives. Researchers have identified more than 300 compounds in propolis. The majority of these compounds are forms of polyphenols, an antioxidant that fights disease and damage in the body. It is known to have antibacterial, antiviral, antifungal, and anti-inflammatory properties. It is found in fruits, green tea, vegetables, and red wine. Other than food and medicinal use, it is used for in musical instruments as varnish ingredients and as a wax in-car application to fats and oils into automobile wax during application.
Demand for propolis will keep on rising due to its multiple health benefits. The majority of propolis is utilized for food and medicinal use. It is commercialized internationally for therapeutic purposes and as complementary and functional food. Russia, China, and Brazil are major propolis producing countries. Propolis is researched for several studies, particularly the effectiveness of propolis against bacterial pathogens. Many health benefits derived from propolis have been pointed out and are still further studied for more potential. Currently, propolis finds its application in tinctures, sprays, candies, ointments, creams, and toothpaste. Recently, propolis has been suggested to have a role in treating certain cancers. Favorable results from studies will create opportunities for the propolis market. New species have recently acquired economic relevance, although their taxonomic status is still pending. Despite being a product of value, it's used is significantly neglected by some parts, which is restraining the market's growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of propolis.
The entire Propolis market has been sub-categorized into type, application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Supercritical Extraction CO2 (SFE)
- Ethanol Extracted Propolis (EEP)
- Glycol Extracted Propolis (GEP)
- Food Industry
- Cosmetic Industry
- Pharmaceutical Industry
This section covers regional segmentation which accentuates on current and future demand for propolis market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Propolis Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the propolis market include Apis Flora, Wax Green, Comvita, MN Propolis, Polenectar, King's Gel, Evergreen, Ponlee, Uniflora, Manuka Health New Zealand, Zhifengtang. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.