Propolis Market Synopsis

Propolis Market Size Was Valued at USD 679.42 Million in 2023 and is Projected to Reach USD 909.99 Million by 2032, Growing at a CAGR of 3.30% From 2024-2032.

Propolis is also known as bee glue, which is a resinous substance collected by bees from plant sources and concentrated by the addition of enzymes from their saliva. One of the most crucial roles they play is in utilization of this substance to fill up all the crevices in the hive. Propolis contains flavonoids and phenolic acids, and its applications include antimicrobial, antioxidant, and anti-inflammatory effects. People all over the world have also employed propolis for ages for different medicinal purposes citing potential health benefits such as healing of wounds and boosting the immune system.

• The global market for propolis has been in a continuous growth path and is expected to grow in the future with the consumers gaining more knowledge about its health benefits and increased utilization of the product in other sectors. Propolis is a product of bees that is collected from tree buds, grazed sap, and other plant materials and is used chiefly as a defensive agent of beehives. The bio-molecules present in are flavonoids, phenolic acids, and terpenes which make it possess antimicrobial, antioxidant, and anti-inflammatory constituents.
• In addition to this, the various uses of propolis in the pharmaceutical, food and beverages, cosmetics, and the nutraceutical markets are one of the biggest driver to the growth of the propolis market. As mentioned earlier and in pharmaceuticals, the use of propolis is potential cure for many ailments including wound healing activity, oral health products and nutrients dietary supplements. The implications of using propolis in the nutraceutical products are due to the known antimicrobial and anti-inflammatory properties inherent in natural health products.
• Food and beverages industries have also incorporated propolis in foods and beverages in order to enhance preservation by acting as a natural preservative besides having various health benefits. Propolis extracts serve as natural ingredients incorporated into functional foods and functional beverages to address the growing demand of consumer’s preferences for more natural and eco-friendly products.
• Cosmetics and personal care products constitute another vital market segment for propolis and its products. Because it is a rich antioxidant and antimicrobial in nature, it finds use in creams, lotions, and scrubs. Propolis is used for skin because it has implications on skin health and offers skin protection against excessive stress from the environment.
• On a geographical basis, the market for propolis is growing all over the world, its primary production is witnessing growth in areas like South America, Europe and Asia Pacific. For example, Brazil is one of the largest producers of propolis; green propolis, in particular, which originate from the Baccharis dracunculifolia plant. Other European countries such as Poland and Greece are also key players in propolis production due to the diversification as well as the growth in beekeeping in the region.
• Other factors that are driving the market growth include the rising global trends of consuming natural products, the rising R&D investment in introducing new products developed from propolis, and the increasing availability of propolis through various channels. On this note, the advancement of e-business platforms affords propolis-based products’ enhanced accessability to consumers globally.
• But weaknesses continue to persist in the market including PUV which states that propolis contains varying chemical compositions depending on the geographic and botanical sources thereby affecting the standardization and quality of the product. Since propolis-based products would require market access, standardization as well as quality control points are crucial in order to supply safe products.
• Moving forward, the growth of the propolis market is expected to remain constant over the medium to long-term due to the constant research about propolis, augmented use of natural and organic products, and increased acceptance in other industries. Given that there is a tendency for various governments to accept NHPs and with the expansion of its usage into diverse industries, propolis will become more embraced as an ingredient with high market potential.

Propolis Market Trend Analysis

Growing Awareness of Health Benefits and Traditional Medicinal Uses

• The use and application of propolis has been increasing due to the increased information dissemination on the health enhancing and traditional medical uses. Propolis, a complex substance of bees that are created from various plant substances such as tree buds, sap flows and others have become widely-used due to their reputed antioxidant, antibacterial, and antirheumatic functions. The trend of consumers toward propolis is due to its presumed immunostimulative activity and its application in cosmetic products due to its favourable wound healing characteristics.
• Also, propolis contains documented ethnopharmacological significance whereby it has been employed in traditional medicine for many years for use in wound, infection, and other illnesses. Along with the increase in the popularity of relying on natural cures from around the world, propolis is being introduced into numerous forms of health, cosmetic products and the nutritional supplements and functional foods. science substantiation of the market increasing therapeutic application also contributes to the opening of new retail stores and attracts the audience as well as manufacturers tended to the growing trend in the consumption of natural remedies for health problems.

Expansion of Applications Beyond Traditional Uses

• The market need for propolis is increasing because the product has many uses not only in the food industry. Derived from bees, propolis has been traditionally used in conventional medicine and nutritional supplements for its health benefits and is now being incorporated into cosmetics and personal care products for its antioxidant, antimicrobial and anti-inflammatory properties. Furthermore, there is an increasing trend of using propolis as a natural preservative and functional ingredient in food and beverage markets. It is also used in agriculture and veterinary field in disease control and management for sustainable farming.
• Further, regarding pharmaceuticals use, propolis is viewed as a component in drug preparations for different health issues. With growing consumer interest in natural remedies and sustainability the market for propolis remains particularly promising in these non-traditional sectors due to the bioactive composition of product and its possible positive effect on human health.

Propolis Market Segment Analysis:

Propolis Market Segmented based on Product Type and Distribution Channel.

By Product Type, Capsules And Tablets segment is expected to dominate the market during the forecast period

• The market categorization of propolis can be done by its form of packaging, that includes capsules and tablets followed by liquids, and other miscellaneous products. Hence capsules and tablet formats of propolis are well received by consumers due to its portability and accuracy in dosing; useful for individuals who are looking for a specific amount of propolis intake for aspects such as immune boost or for wound healing.
• HHCs in liquid form include tinctures and extracts and is used in beer and wine, skincare products, and in therapies that entail topical application. They satisfy consumers who seek to modify the dose, or those who need their product with propolis to remain in liquid form. The last subgroup known as ‘other’ normally contains forms like the powder form, lozenges, and spray forms that capture some peculiarities of the specific target market in the field of personal health enhancement. These subcategories of propolis are primarily targets user needs, and supported the propolis market development and segmentation as the propolis market grows progressively in global scale.

By Distribution Channel , Retail Store segment held the largest share in 2023

• The Propolis market share analysis by distribution channels mainly includes retail shops, online channels, and other distribution points. Conventional shops are shops that physically enable customers to touch and make purchases of propolis products individual stores have various products and the clients can have an opportunity to have a word with amiable proprietors. The online platforms remain a clearly defined and rapidly developing category that is now available to any consumer due to cooperating e-shops. This particular distribution channel enables consumers to shop for propolis products conveniently from the comfort of their houses, and it also offers consumers the opportunity to comparison shop and select from various brands of propolis and the different forms in which the product is available.
• The ‘other’ segment includes the places of purchasing products in direct selling, specialty stores, and health-oriented stores, which offers products or serve the markets that are distinct and dissimilar from the regular retailers or online platforms. It is evident that each distribution channel has value within the context of the global Propolis market, which is as a whole is concerned with the accessibility and availability of propolis and products based thereon to consumers.

Propolis Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is expected to continue to reign supreme in the market for propolis by the end of the forecast timespan owing to certain factors. This growth can be attributed to the rising consumer awareness and demand for natural health products wherein propolis is positioned to be highly sought after due to its health benefits such as antioxidant, antimicrobial and anti–inflammatory properties among others. The gradual expansion in the consumption of health and nutritional supplements across the North American Continent driven by the increasing interest in non-pharmacological health solutions has also brightened the propolis-derived product market.
• Further on, the region has well-developed pharma and dietic ceremony supplement industries, thus facilitating the distribution of products containing propolis. In addition, the constant and continuous R&D projects focused on developing new uses of propolis in other areas of the economy also is a factor that boosts the market. So, North America is envisaged to continue to lead the propolis market during the forecast period because of the favourable consumer trends, industry development and government support in consumers’ health products based on natural products.

Active Key Players in the Propolis Market

• Apis Flora (Brazil)
• Herb Pharm LLC (USA)
• Bee Health Limited (UK)
• YS Organic Bee Farms (USA)
• Comvita Ltd (New Zealand)
• Wax Green (China)
• Apiary Polenecter (Ukraine)
• Uniflora Health Foods (Brazil)
• Sunyata Pon Lee (Thailand)
• NOW Foods (USA), Other Key Players.

Key Industry Developments in the Propolis Market

• In 2023, Comvita Ltd, a trusted source for genuine Mānuka honey, announced the launch of Immune Bee Propolis which contained twice the actives in one daily dose.
• In 2021, Bee Health, a supplement manufacturer, announced that it has been acquired by INW, Innovations in Nutrition + Wellness, a leader in custom R&D to expand in the market.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Propolis Market by Product Type
 4.1 Propolis Market Snapshot and Growth Engine
 4.2 Propolis Market Overview
 4.3 Capsules & Tablets
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Capsules & Tablets: Geographic Segmentation Analysis
 4.4 Liquids
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Liquids: Geographic Segmentation Analysis

Chapter 5: Propolis Market by Distribution Channel
 5.1 Propolis Market Snapshot and Growth Engine
 5.2 Propolis Market Overview
 5.3 Retail Store
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Retail Store: Geographic Segmentation Analysis
 5.4 Online
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Online: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Propolis Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 APIS FLORA (BRAZIL)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 HERB PHARM LLC (USA)
 6.4 BEE HEALTH LIMITED (UK)
 6.5 YS ORGANIC BEE FARMS (USA)
 6.6 COMVITA LTD (NEW ZEALAND)
 6.7 WAX GREEN (CHINA)
 6.8 APIARY POLENECTER (UKRAINE)
 6.9 UNIFLORA HEALTH FOODS (BRAZIL)
 6.10 SUNYATA PON LEE (THAILAND)
 6.11 NOW FOODS (USA)
 6.12 OTHER KEY PLAYERS

Chapter 7: Global Propolis Market By Region
 7.1 Overview
 7.2. North America Propolis Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Product Type
   7.2.4.1 Capsules & Tablets
   7.2.4.2 Liquids
  7.2.5 Historic and Forecasted Market Size By Distribution Channel
   7.2.5.1 Retail Store
   7.2.5.2 Online
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Propolis Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Product Type
   7.3.4.1 Capsules & Tablets
   7.3.4.2 Liquids
  7.3.5 Historic and Forecasted Market Size By Distribution Channel
   7.3.5.1 Retail Store
   7.3.5.2 Online
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Propolis Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Product Type
   7.4.4.1 Capsules & Tablets
   7.4.4.2 Liquids
  7.4.5 Historic and Forecasted Market Size By Distribution Channel
   7.4.5.1 Retail Store
   7.4.5.2 Online
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Propolis Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Product Type
   7.5.4.1 Capsules & Tablets
   7.5.4.2 Liquids
  7.5.5 Historic and Forecasted Market Size By Distribution Channel
   7.5.5.1 Retail Store
   7.5.5.2 Online
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Propolis Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Product Type
   7.6.4.1 Capsules & Tablets
   7.6.4.2 Liquids
  7.6.5 Historic and Forecasted Market Size By Distribution Channel
   7.6.5.1 Retail Store
   7.6.5.2 Online
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Propolis Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Product Type
   7.7.4.1 Capsules & Tablets
   7.7.4.2 Liquids
  7.7.5 Historic and Forecasted Market Size By Distribution Channel
   7.7.5.1 Retail Store
   7.7.5.2 Online
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research