The Global Propolis Market size is expected to reach $743.9 million by 2030, rising at a market growth of 2.6% CAGR during the forecast period.
The rising prevalence of antioxidants in beauty and health supplements, propolis capsules, and extracts is expected to gain traction as more consumers are willing to incorporate antioxidants into their daily diets. Therefore, capsules & tablets segment would capture approximately 3/5th share of the market by 2030. In the past few years, there has been an increase in demand for various health supplements worldwide due to a greater understanding of health benefits. In addition, propolis contains polyphenols known as flavonoids, which are a source of antioxidants. Some of the factors impacting the market are increasing demand for propolis for developing cancer-related applications, rising awareness of bee products, and side-effects such as allergies caused due to use of propolis.
The growing demand for propolis in cancer-related applications reflects the increasing interest in complementary and integrative cancer prevention and treatment approaches. Its unique composition and potential health benefits make it an intriguing subject of research and an attractive option for individuals seeking natural ways to support their health and well-being. The demand for natural antioxidants like propolis has risen as individuals seek ways to reduce their cancer risk. Hence, these elements will aid in the expansion of the market throughout the forecast period. Bee products, including honey, royal jelly, bee pollen, and propolis, have gained attention for their nutritional and potential health benefits. Increasing consumer awareness of health and wellness has fuelled the demand for natural and functional foods, supplements, and remedies. As people become more health conscious, they are seeking natural alternatives to support their well-being. Additionally, effective marketing and promotion campaigns by producers and brands have raised awareness about the benefits of bee products and their diverse uses. Therefore, the rising awareness of the benefits of various bee products, including propolis, is expected to drive the market.
However, while propolis is generally considered safe, it can cause specific side effects in some individuals, particularly those allergic to bee products or particular components found in propolis. Allergic reactions to propolis can vary from mild to severe intensity and may include symptoms such as skin itching, redness, hives, swelling, and sometimes difficulty breathing or anaphylaxis. In addition, the topical application of its products can, in rare instances, cause contact dermatitis. This presents as redness, itching, and skin irritation. These side effects act as a restraining factor for the market during the forecast period.
Product Type Outlook
On the basis of product, the market is divided into capsules & tablets, liquids, and others. The liquids segment captured a significant revenue share in the market 2022. Increasing demand for liquid propolis products, rising disposable incomes, and a shift in lifestyles are additional factors driving industry expansion. Additionally, it improves digestive issues. Because of this, its demand is anticipated to increase in the near future. Consequently, segment growth is expected over the forecast period.
Distribution Channel Outlook
By distribution channel, the market is segmented into retail store, online, and others. The retail store segment accounted for the highest revenue share in the market in 2022. Retail store offers a greater selection of propolis than any other distribution channel, resulting in a rising demand from customers. Some stores may provide samples or testers of propolis products, allowing consumers to try them before purchasing. This can help them in determining which product suits their preferences and needs. Consequently, the segment is expected to expand in the coming years.
Regional Outlook
Based on region, the market is analyzed into North America, Europe, Asia Pacific, and LAMEA. The North America region garnered the highest revenue share in the market in 2022. As the demand is high in the US and Canada, North America dominates the market. Due to the expanding incidence of genital herpes in the United States, its demand is anticipated to rise in this region. The United States is among the countries with the highest incidence of genital herpes and other herpes viruses. In addition, due to expanding import demand, the market is expected to experience significant growth over the forecast period.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Apis Flora Industrial e Comercial Ltda., Herb Pharm, LLC, Bee Health Limited (INW Manufacturing, LLC), YS Organic Bee Farms, Comvita Limited, Wax Green, Apiario Polenectar, Uniflora Nutraceutica Ltda, Sunyata Produtos Alternativos Ltda, and NOW Health Group, Inc.
Scope of the Study
Market Segments covered in the Report:
By Product Type
- Capsules & Tablets
- Liquids
- Others
By Distribution Channel
- Retail Store
- Online
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Apis Flora Industrial e Comercial Ltda.
- Herb Pharm, LLC
- Bee Health Limited (INW Manufacturing, LLC)
- YS Organic Bee Farms
- Comvita Limited
- Wax Green
- Apiario Polenectar
- Uniflora Nutraceutica Ltda
- Sunyata Produtos Alternativos Ltda
- NOW Health Group, Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Propolis Market, by Product Type
- 1.4.2 Global Propolis Market, by Distribution Channel
- 1.4.3 Global Propolis Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Propolis Market by Product Type
- 4.1 Global Capsules & Tablets Market by Region
- 4.2 Global Liquids Market by Region
- 4.3 Global Others Market by Region
Chapter 5. Global Propolis Market by Distribution Channel
- 5.1 Global Retail Store Market by Region
- 5.2 Global Online Market by Region
- 5.3 Global Others Market by Region
Chapter 6. Global Propolis Market by Region
- 6.1 North America Propolis Market
- 6.1.1 North America Propolis Market by Product Type
- 6.1.1.1 North America Capsules & Tablets Market by Country
- 6.1.1.2 North America Liquids Market by Country
- 6.1.1.3 North America Others Market by Country
- 6.1.2 North America Propolis Market by Distribution Channel
- 6.1.2.1 North America Retail Store Market by Country
- 6.1.2.2 North America Online Market by Country
- 6.1.2.3 North America Others Market by Country
- 6.1.3 North America Propolis Market by Country
- 6.1.3.1 US Propolis Market
- 6.1.3.1.1 US Propolis Market by Product Type
- 6.1.3.1.2 US Propolis Market by Distribution Channel
- 6.1.3.2 Canada Propolis Market
- 6.1.3.2.1 Canada Propolis Market by Product Type
- 6.1.3.2.2 Canada Propolis Market by Distribution Channel
- 6.1.3.3 Mexico Propolis Market
- 6.1.3.3.1 Mexico Propolis Market by Product Type
- 6.1.3.3.2 Mexico Propolis Market by Distribution Channel
- 6.1.3.4 Rest of North America Propolis Market
- 6.1.3.4.1 Rest of North America Propolis Market by Product Type
- 6.1.3.4.2 Rest of North America Propolis Market by Distribution Channel
- 6.2 Europe Propolis Market
- 6.2.1 Europe Propolis Market by Product Type
- 6.2.1.1 Europe Capsules & Tablets Market by Country
- 6.2.1.2 Europe Liquids Market by Country
- 6.2.1.3 Europe Others Market by Country
- 6.2.2 Europe Propolis Market by Distribution Channel
- 6.2.2.1 Europe Retail Store Market by Country
- 6.2.2.2 Europe Online Market by Country
- 6.2.2.3 Europe Others Market by Country
- 6.2.3 Europe Propolis Market by Country
- 6.2.3.1 Germany Propolis Market
- 6.2.3.1.1 Germany Propolis Market by Product Type
- 6.2.3.1.2 Germany Propolis Market by Distribution Channel
- 6.2.3.2 UK Propolis Market
- 6.2.3.2.1 UK Propolis Market by Product Type
- 6.2.3.2.2 UK Propolis Market by Distribution Channel
- 6.2.3.3 France Propolis Market
- 6.2.3.3.1 France Propolis Market by Product Type
- 6.2.3.3.2 France Propolis Market by Distribution Channel
- 6.2.3.4 Russia Propolis Market
- 6.2.3.4.1 Russia Propolis Market by Product Type
- 6.2.3.4.2 Russia Propolis Market by Distribution Channel
- 6.2.3.5 Spain Propolis Market
- 6.2.3.5.1 Spain Propolis Market by Product Type
- 6.2.3.5.2 Spain Propolis Market by Distribution Channel
- 6.2.3.6 Italy Propolis Market
- 6.2.3.6.1 Italy Propolis Market by Product Type
- 6.2.3.6.2 Italy Propolis Market by Distribution Channel
- 6.2.3.7 Rest of Europe Propolis Market
- 6.2.3.7.1 Rest of Europe Propolis Market by Product Type
- 6.2.3.7.2 Rest of Europe Propolis Market by Distribution Channel
- 6.3 Asia Pacific Propolis Market
- 6.3.1 Asia Pacific Propolis Market by Product Type
- 6.3.1.1 Asia Pacific Capsules & Tablets Market by Country
- 6.3.1.2 Asia Pacific Liquids Market by Country
- 6.3.1.3 Asia Pacific Others Market by Country
- 6.3.2 Asia Pacific Propolis Market by Distribution Channel
- 6.3.2.1 Asia Pacific Retail Store Market by Country
- 6.3.2.2 Asia Pacific Online Market by Country
- 6.3.2.3 Asia Pacific Others Market by Country
- 6.3.3 Asia Pacific Propolis Market by Country
- 6.3.3.1 China Propolis Market
- 6.3.3.1.1 China Propolis Market by Product Type
- 6.3.3.1.2 China Propolis Market by Distribution Channel
- 6.3.3.2 Japan Propolis Market
- 6.3.3.2.1 Japan Propolis Market by Product Type
- 6.3.3.2.2 Japan Propolis Market by Distribution Channel
- 6.3.3.3 India Propolis Market
- 6.3.3.3.1 India Propolis Market by Product Type
- 6.3.3.3.2 India Propolis Market by Distribution Channel
- 6.3.3.4 South Korea Propolis Market
- 6.3.3.4.1 South Korea Propolis Market by Product Type
- 6.3.3.4.2 South Korea Propolis Market by Distribution Channel
- 6.3.3.5 Singapore Propolis Market
- 6.3.3.5.1 Singapore Propolis Market by Product Type
- 6.3.3.5.2 Singapore Propolis Market by Distribution Channel
- 6.3.3.6 Malaysia Propolis Market
- 6.3.3.6.1 Malaysia Propolis Market by Product Type
- 6.3.3.6.2 Malaysia Propolis Market by Distribution Channel
- 6.3.3.7 Rest of Asia Pacific Propolis Market
- 6.3.3.7.1 Rest of Asia Pacific Propolis Market by Product Type
- 6.3.3.7.2 Rest of Asia Pacific Propolis Market by Distribution Channel
- 6.4 LAMEA Propolis Market
- 6.4.1 LAMEA Propolis Market by Product Type
- 6.4.1.1 LAMEA Capsules & Tablets Market by Country
- 6.4.1.2 LAMEA Liquids Market by Country
- 6.4.1.3 LAMEA Others Market by Country
- 6.4.2 LAMEA Propolis Market by Distribution Channel
- 6.4.2.1 LAMEA Retail Store Market by Country
- 6.4.2.2 LAMEA Online Market by Country
- 6.4.2.3 LAMEA Others Market by Country
- 6.4.3 LAMEA Propolis Market by Country
- 6.4.3.1 Brazil Propolis Market
- 6.4.3.1.1 Brazil Propolis Market by Product Type
- 6.4.3.1.2 Brazil Propolis Market by Distribution Channel
- 6.4.3.2 Argentina Propolis Market
- 6.4.3.2.1 Argentina Propolis Market by Product Type
- 6.4.3.2.2 Argentina Propolis Market by Distribution Channel
- 6.4.3.3 UAE Propolis Market
- 6.4.3.3.1 UAE Propolis Market by Product Type
- 6.4.3.3.2 UAE Propolis Market by Distribution Channel
- 6.4.3.4 Saudi Arabia Propolis Market
- 6.4.3.4.1 Saudi Arabia Propolis Market by Product Type
- 6.4.3.4.2 Saudi Arabia Propolis Market by Distribution Channel
- 6.4.3.5 South Africa Propolis Market
- 6.4.3.5.1 South Africa Propolis Market by Product Type
- 6.4.3.5.2 South Africa Propolis Market by Distribution Channel
- 6.4.3.6 Nigeria Propolis Market
- 6.4.3.6.1 Nigeria Propolis Market by Product Type
- 6.4.3.6.2 Nigeria Propolis Market by Distribution Channel
- 6.4.3.7 Rest of LAMEA Propolis Market
- 6.4.3.7.1 Rest of LAMEA Propolis Market by Product Type
- 6.4.3.7.2 Rest of LAMEA Propolis Market by Distribution Channel
Chapter 7. Company Profiles
- 7.1 Apis Flora Industrial e Comercial Ltda.
- 7.1.1 Company Overview
- 7.1.2 SWOT Analysis
- 7.2 Herb Pharm, LLC
- 7.2.1 Company Overview
- 7.2.2 SWOT Analysis
- 7.3 Bee Health Limited (INW Manufacturing, LLC)
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 YS Organic Bee Farms
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Wax Green
- 7.5.1 Company Overview
- 7.5.2 SWOT Analysis
- 7.6 Apiario Polenectar
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Uniflora Nutraceutica Ltda
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Sunyata Produtos Alternativos Ltda
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 NOW Health Group, Inc.
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. Comvita Limited
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
- 7.10.5 Recent strategies and developments:
- 7.10.5.1 Partnerships, Collaborations, and Agreements:
- 7.10.5.2 Acquisition and Mergers:
- 7.10.6 SWOT Analysis
Chapter 8. Winning Imperative for Propolis Market