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PUBLISHER: IMARC | PRODUCT CODE: 1390817
PUBLISHER: IMARC | PRODUCT CODE: 1390817
Propolis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 140 Pages
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Abstract
The global propolis market size reached US$ 664 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 906 Million by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2022-2028.
Propolis is a resinous mixture made by honey bees using substances collected from different parts of plants, buds, and exudates. It usually comprises pollen, waxes, essential oils, flavonoids and phenolic acids, and various organic compounds, including sugars, steroids, vitamins, ketones, lactones, benzoic acid, and fatty acid esters. It is hard, brittle, lipophilic, and becomes soft, pliable, gummy, and sticky upon heating. It possesses a pleasant and characteristic aromatic fragrance and varies in color from yellow-green to dark brown according to its age and origin. As propolis has antioxidants and anesthetic and wound healing properties, it is widely consumed to strengthen the immune system.
Propolis Market Trends:
Propolis offers various health benefits, which include improving digestive health and reducing wrinkles and other early signs of aging. As a result, there is a rise in the utilization of raw materials and secondary products comprising propolis in the healthcare and personal care sector worldwide. Moreover, as propolis assists in decreasing the risk of cancer, its utilization is extensively increasing around the world on account of the growing prevalence of the disease. Additionally, the high fatality of coronavirus disease (COVID-19) and the absence of antiviral treatment are positively influencing the sales of natural agents with immune-strengthening potential. This is strengthening the growth of the market as propolis is rich in antioxidants and bioactive compounds and offers antimicrobial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory properties. Apart from this, leading manufacturers are providing numerous propolis-based product variants that cater to different medical needs. They are also engaging in packaging improvement and promotional campaigns like celebrity endorsements to retain a competitive edge and expand their market reach.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global propolis market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, category, distribution channel and application.
Breakup by Product Type:
Capsules and Tablets
Liquids
Creams
Others
Breakup by Category:
Alcohol-based
Alcohol-free
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Pharmacies and Drugstores
Online Stores
Others
Breakup by Application:
Food and Beverages
Healthcare
Personal Care and Cosmetics
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apiario Polenectar, Apis Flora, Bee Health Limited (INW), Comvita Limited, Herb Pharm, Manuka Health New Zealand, Natural Factors Nutritional Products Ltd., NaturaNectar, NOW Foods, Nutraceutical International Corporation, Sunyata Alternative Products Ltd, Uniflora Nutraceutica Ltda and Wax Green.
Key Questions Answered in This Report:
- How has the global propolis market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global propolis market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the category?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global propolis market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A4682
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Propolis Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Capsules and Tablets
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Liquids
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Creams
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Category
- 7.1 Alcohol-based
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Alcohol-free
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Supermarkets and Hypermarkets
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Pharmacies and Drugstores
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Online Stores
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Application
- 9.1 Food and Beverages
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Healthcare
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Personal Care and Cosmetics
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Apiario Polenectar
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Apis Flora
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Bee Health Limited (INW)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Comvita Limited
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 Herb Pharm
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Manuka Health New Zealand
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Natural Factors Nutritional Products Ltd.
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 NaturaNectar
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 NOW Foods
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 Nutraceutical International Corporation
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Sunyata Alternative Products Ltd
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.12 Uniflora Nutraceutica Ltda
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.13 Wax Green
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.1 Apiario Polenectar
Product Code: SR112023A4682
List of Figures
- Figure 1: Global: Propolis Market: Major Drivers and Challenges
- Figure 2: Global: Propolis Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Propolis Market: Breakup by Product Type (in %), 2022
- Figure 5: Global: Propolis Market: Breakup by Category (in %), 2022
- Figure 6: Global: Propolis Market: Breakup by Distribution Channel (in %), 2022
- Figure 7: Global: Propolis Market: Breakup by Application (in %), 2022
- Figure 8: Global: Propolis Market: Breakup by Region (in %), 2022
- Figure 9: Global: Propolis (Capsules and Tablets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Propolis (Capsules and Tablets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Propolis (Liquids) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Propolis (Liquids) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Propolis (Creams) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Propolis (Creams) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Propolis (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Propolis (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Propolis (Alcohol-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Propolis (Alcohol-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Propolis (Alcohol-free) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Propolis (Alcohol-free) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Propolis (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Propolis (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Propolis (Pharmacies and Drugstores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Propolis (Pharmacies and Drugstores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Propolis (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Propolis (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Propolis (Other Distribution Channels) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Propolis (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Propolis (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Propolis (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Propolis (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Propolis (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Propolis (Personal Care and Cosmetics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Propolis (Personal Care and Cosmetics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Propolis (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Propolis (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: North America: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: North America: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: United States: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: United States: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Canada: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Canada: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Asia-Pacific: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Asia-Pacific: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: China: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: China: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Japan: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Japan: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: India: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: India: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: South Korea: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: South Korea: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Australia: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Australia: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Indonesia: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Indonesia: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Others: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Others: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Europe: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Europe: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Germany: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Germany: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: France: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: France: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: United Kingdom: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: United Kingdom: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Italy: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Italy: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Spain: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Spain: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Russia: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Russia: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Others: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Others: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Latin America: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Latin America: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Brazil: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Brazil: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Mexico: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Mexico: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Middle East and Africa: Propolis Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Middle East and Africa: Propolis Market: Breakup by Country (in %), 2022
- Figure 85: Middle East and Africa: Propolis Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Global: Propolis Industry: SWOT Analysis
- Figure 87: Global: Propolis Industry: Value Chain Analysis
- Figure 88: Global: Propolis Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Propolis Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Propolis Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Propolis Market Forecast: Breakup by Category (in Million US$), 2023-2028
- Table 4: Global: Propolis Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 5: Global: Propolis Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Propolis Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Propolis Market: Competitive Structure
- Table 8: Global: Propolis Market: Key Players
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