Propolis Market, By Product Type (Capsules and Tablets, Liquids, Creams, and Other Product Types), By Distribution Channel (Retail Store, Online, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

The global propolis market is estimated to be valued at USD 683.5 Mn in 2024 and is expected to reach USD 806.9 Mn by 2031, growing at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 683.5 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	2.40%	2031 Value Projection:	US$ 806.9 Mn

Figure. Propolis Market Share (%), By Region, 2024

Propolis is a resinous substance collected by honey bees from tree buds and sap which is used as a sealant for unwanted open spaces in the hive. It is a waxy substance with antibacterial, antiviral, and antifungal properties. With growing awareness about propolis as a functional ingredient in foods, dietary supplements, and personal care products, the global propolis market is witnessing steady growth. Propolis is known to boost immunity and aid respiratory health. The expanding nutraceuticals sector and demand for natural ingredients are driving increased production and commercial extraction of propolis.

Market Dynamics:

The global propolis market is driven by the increasing demand for natural and herbal products owing to rising health consciousness among consumers. Propolis acts as a potent antioxidant and studies show it supports overall wellness through anti-inflammatory properties. This is boosting its use in functional foods, dietary supplements, and cosmetic products. However, volatile agricultural costs and scarcity of raw materials pose challenges to market players. Market opportunities lie in research and development to develop standardized extraction processes and new application areas. Geographically, Asia Pacific is a major consumer as well as producer of propolis extracts owing to traditional use in Ayurveda and Chinese medicine.

Key Features of the Study:

This report provides an in-depth analysis of the global propolis market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global propolis market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include MN Propolis, Comvita Limited, API Health, B Natural, Bee Health Limited, Wax Green, Zhifengtang Pharmaceutical Co. Ltd., 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, and NaturaNectar LLC.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global propolis market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global propolis market.

Detailed Segmentation-

By Product Type:
- Capsules and Tablets
- Liquids
- Creams
- Other Product Types
By Distribution Channel:
- Retail Store
- Online
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- MN Propolis
- Comvita Limited
- API Health
- B Natural
- Bee Health Limited
- Wax Green
- Zhifengtang Pharmaceutical Co. Ltd.
- 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.

Product Code: CMI5415

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Propolis Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Propolis Market
Impact Analysis

5. Global Propolis Market, By Product Type, 2019-2031, (US$ Mn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, - 20312019
- Segment Trends
Capsules and Tablets
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Liquids
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Creams
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Other Product Types
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

6. Global Propolis Market, By Distribution Channel, 2019-2031, (US$ Mn & KT)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Retail Store
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Online
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends

7. Global Propolis Market, By Region, 2019-2031, (US$ Mn & KT)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn & KT)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Mn & KT))
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn & KT)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn & KT)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn & KT)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Mn & KT)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031 (US$ Mn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Mn & KT)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- MN Propolis
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Comvita Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- API Health
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- B Natural
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Bee Health Limited
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Wax Green
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Zhifengtang Pharmaceutical Co. Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ponlee
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Ponlee Bee
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Sunyata Pon Lee Bee
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Zhonghong Biological Group Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Bee & Health Co. Ltd.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Honey Pacifica
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Honey Gardens
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Beekeeper's Naturals
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Beehive Botanicals Inc.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Durham's Bee Farm
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Y.S. Eco Bee Farms
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- Royal Jelly Australia
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- NaturaNectar LLC.
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Propolis Market" - Global forecast to 2031.