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Market Research Report

Propolis Market - Growth, Trends and Forecast (2020 - 2025)

Published by Mordor Intelligence LLP Product code 922168
Published Content info 100 Pages
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Propolis Market - Growth, Trends and Forecast (2020 - 2025)
Published: April 1, 2020 Content info: 100 Pages
Description

Market Overview

The global propolis market is projected to grow at a CAGR of 5.63% during the forecast period.

  • Propolis is a unique combination of plant bio-actives and bee ingenuity. Propolis is used to protect and sterilize the beehive, where it acts as the immune defense mechanism for the whole hive.
  • Propolis intake strengthens the immune system, simultaneously serving as an antioxidant, anesthetic, and a wound healer, which makes it an important component of the pharmaceutical sector.
  • One of the challenges while purchasing Propolis is the lack of standardization across available brands. Many brands state they are made from 20% pure Propolis, however this does not inform the consumer of the quality of that 20%. Such a drawback in information transparency might restrain the growth of the market.

Scope of the Report

The global propolis market is segmented by form into capsules, sprays, and extracts. By Alcohol Content, the market is divided into alcohol-containing and alcohol-free propolis. Based on application, the propolis market is differentiated by the use of food and beverages, healthcare, and personal care and cosmetics industries. The market is further segmented by geography.

Key Market Trends

Propolis is the New Alternative Income Source for Beekeepers

In addition to honey, bees also produce propolis, also known, bee glue by mixing saliva and beeswax with exudate gathered from tree buds, sap flows, or other botanical sources. Propolis is antibacterial, antiviral, antifungal, and anti-inflammatory. and is thus used in traditional medicine treating abscesses and healing wounds. Owing to the rising demand due to multiple benefits, beekeepers have got an opportunity to come up with a unique revenue source, propolis production. For example, Siirt Beekeepers' Association from Turkey has set up a project for the production, processing, and marketing of propolis, pollen, and royal jelly in order to boost up the revenue as one kilogram of propolis is sold at TRY 200 (almost USD36).

Asia Pacific is the Most Rapidly Growing Propolis Market

China is the largest consumer of propolis and hence the competitive platform for propolis-based products is also vast. There are numerous players, both small and large who are extracting propolis, for commercial use in different industrial purposes. Seaweed evolved as a unique source of propolis extraction after the large-scale commercialization. In present times, propolis is being domestically produced in China and is widely used as a component for cosmetic products and herbal treatments. Other countries of the Asia Pacific like Japan and India have also realized the benefits of propolis and have started including it in the products.

Competitive Landscape

The use of propolis is taking place at an enlarged scale since the disclosing of associated healthcare benefits. The manufacturers from countries like Brazil, New Zealand, China, Russia, and Turkey are introducing the extraction of propolis at industrial scale and the products are visible in the market in the form of capsules, sprays, and extracts. The major players of the market are Comvita, Wax Green, Apis Flora, Apiario Polenectar, and MN Propolis.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 67660

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

  • 3.1 Market Overview

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Form
    • 5.1.1 Capsules
    • 5.1.2 Sprays
    • 5.1.3 Extracts
  • 5.2 By Alcohol content
    • 5.2.1 Alcohol-containing
    • 5.2.2 Alcohol-free
  • 5.3 By Application
    • 5.3.1 Food and Beverages
    • 5.3.2 Healthcare
    • 5.3.3 Personal Care and Cosmetics
  • 5.4 Geography
    • 5.4.1 North America
      • 5.4.1.1 United States
      • 5.4.1.2 Canada
      • 5.4.1.3 Mexico
      • 5.4.1.4 Rest of North America
    • 5.4.2 Europe
      • 5.4.2.1 Spain
      • 5.4.2.2 United Kingdom
      • 5.4.2.3 Germany
      • 5.4.2.4 France
      • 5.4.2.5 Italy
      • 5.4.2.6 Russia
      • 5.4.2.7 Rest of Europe
    • 5.4.3 Asia Pacific
      • 5.4.3.1 China
      • 5.4.3.2 Japan
      • 5.4.3.3 India
      • 5.4.3.4 Australia
      • 5.4.3.5 Rest of Asia-Pacific
    • 5.4.4 South America
      • 5.4.4.1 Brazil
      • 5.4.4.2 Argentina
      • 5.4.4.3 Rest of South America
    • 5.4.5 Middle East and Africa
      • 5.4.5.1 South Africa
      • 5.4.5.2 Saudi Arabia
      • 5.4.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Most Adopted Strategies
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Apis Flora
    • 6.3.2 Wax Green
    • 6.3.3 Comvita Limited
    • 6.3.4 MN Propolis
    • 6.3.5 Apiario Polenectar
    • 6.3.6 King's Gel
    • 6.3.7 Evergreen Healthfoods Ltd.
    • 6.3.8 Sunyata Pon Lee
    • 6.3.9 Uniflora.US

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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