Global Propolis Market 2024-2028

The propolis market is forecasted to grow by USD 135.13 mn during 2023-2028, accelerating at a CAGR of 3.75% during the forecast period. The report on the propolis market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by health benefits of consuming propolis, availability of propolis dietary food supplements, and growing preference for online shopping.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	3.25%
CAGR	3.75%
Incremental Value	$135.13mn

Technavio's propolis market is segmented as below:

By Application

Healthcare
Personal care and cosmetics
Food and beverages

By Distribution Channel

Offline
Online

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the increase in research activities to enhance propolis production in beehives as one of the prime reasons driving the propolis market growth during the next few years. Also, blogging and digital media influencing propolis consumption and restoration of natural bee habitats will lead to sizable demand in the market.

The report on the propolis market covers the following areas:

Propolis market sizing
Propolis market forecast
Propolis market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading propolis market vendors that include Apis Flora Industrial e Comercial Ltda., Associated British Foods Plc, Bio Botanica Inc., Comvita Ltd., Country Life Vitamins LLC, Hi Tech Natural Products India Ltd, iHerb LLC, INW Manufacturing LLC, Laprell Beehive Products Inc., Manuka Health New Zealand Ltd., Natural Factors Nutritional Products Ltd., NaturaNectar LLC, Natures Goodness Australia, NOW Health Group Inc., Nutraceutical Corp., Sunyata Productos Alternativos Ltda., Uniflora Nutraceutica Ltda., Wax Green USA, YS Organic Bee Farms, and Herb Pharm. Also, the propolis market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71788

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global propolis market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global propolis market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Distribution Channel Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Healthcare - Market size and forecast 2023-2028
Exhibit 34: Chart on Healthcare - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Healthcare - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Healthcare - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
6.4 Personal care and cosmetics - Market size and forecast 2023-2028
Exhibit 38: Chart on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
6.5 Food and beverages - Market size and forecast 2023-2028
Exhibit 42: Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Application
Exhibit 46: Market opportunity by Application ($ million)
Exhibit 47: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
Exhibit 50: Chart on Comparison by Distribution Channel
Exhibit 51: Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
Exhibit 52: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
Exhibit 56: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
Exhibit 60: Market opportunity by Distribution Channel ($ million)
Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 63: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 64: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 65: Chart on Geographic comparison
Exhibit 66: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ million)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Apis Flora Industrial e Comercial Ltda.
Exhibit 115: Apis Flora Industrial e Comercial Ltda. - Overview
Exhibit 116: Apis Flora Industrial e Comercial Ltda. - Product / Service
Exhibit 117: Apis Flora Industrial e Comercial Ltda. - Key offerings
12.4 Associated British Foods Plc
Exhibit 118: Associated British Foods Plc - Overview
Exhibit 119: Associated British Foods Plc - Business segments
Exhibit 120: Associated British Foods Plc - Key offerings
Exhibit 121: Associated British Foods Plc - Segment focus
12.5 Comvita Ltd.
Exhibit 122: Comvita Ltd. - Overview
Exhibit 123: Comvita Ltd. - Business segments
Exhibit 124: Comvita Ltd. - Key offerings
Exhibit 125: Comvita Ltd. - Segment focus
12.6 Herb Pharm
Exhibit 126: Herb Pharm - Overview
Exhibit 127: Herb Pharm - Product / Service
Exhibit 128: Herb Pharm - Key offerings
12.7 Hi Tech Natural Products India Ltd
Exhibit 129: Hi Tech Natural Products India Ltd - Overview
Exhibit 130: Hi Tech Natural Products India Ltd - Product / Service
Exhibit 131: Hi Tech Natural Products India Ltd - Key offerings
12.8 INW Manufacturing LLC
Exhibit 132: INW Manufacturing LLC - Overview
Exhibit 133: INW Manufacturing LLC - Product / Service
Exhibit 134: INW Manufacturing LLC - Key news
Exhibit 135: INW Manufacturing LLC - Key offerings
12.9 Laprell Beehive Products Inc.
Exhibit 136: Laprell Beehive Products Inc. - Overview
Exhibit 137: Laprell Beehive Products Inc. - Product / Service
Exhibit 138: Laprell Beehive Products Inc. - Key offerings
12.10 Manuka Health New Zealand Ltd.
Exhibit 139: Manuka Health New Zealand Ltd. - Overview
Exhibit 140: Manuka Health New Zealand Ltd. - Product / Service
Exhibit 141: Manuka Health New Zealand Ltd. - Key offerings
12.11 NaturaNectar LLC
Exhibit 142: NaturaNectar LLC - Overview
Exhibit 143: NaturaNectar LLC - Product / Service
Exhibit 144: NaturaNectar LLC - Key offerings
12.12 Natures Goodness Australia
Exhibit 145: Natures Goodness Australia - Overview
Exhibit 146: Natures Goodness Australia - Product / Service
Exhibit 147: Natures Goodness Australia - Key offerings
12.13 NOW Health Group Inc.
Exhibit 148: NOW Health Group Inc. - Overview
Exhibit 149: NOW Health Group Inc. - Product / Service
Exhibit 150: NOW Health Group Inc. - Key offerings
12.14 Nutraceutical Corp.
Exhibit 151: Nutraceutical Corp. - Overview
Exhibit 152: Nutraceutical Corp. - Product / Service
Exhibit 153: Nutraceutical Corp. - Key offerings
12.15 Sunyata Productos Alternativos Ltda.
Exhibit 154: Sunyata Productos Alternativos Ltda. - Overview
Exhibit 155: Sunyata Productos Alternativos Ltda. - Product / Service
Exhibit 156: Sunyata Productos Alternativos Ltda. - Key offerings
12.16 Wax Green USA
Exhibit 157: Wax Green USA - Overview
Exhibit 158: Wax Green USA - Product / Service
Exhibit 159: Wax Green USA - Key offerings
12.17 YS Organic Bee Farms
Exhibit 160: YS Organic Bee Farms - Overview
Exhibit 161: YS Organic Bee Farms - Product / Service
Exhibit 162: YS Organic Bee Farms - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations