From USD 525.3 million in 2022 to USD 829.1 million by 2031, the worldwide propolis market is estimated to expand at a CAGR of 5.1%. Over the project duration, Europe is expected to control the market.
Growing consumer knowledge of natural health products and the growing demand for organic and natural components in many different sectors are driving consistent increase in the propolis market. Made by bees, propolis—a resin-like material—is becoming more and more well-known for its antibacterial, antioxidant, and anti-inflammatory action. Its adaptability in food and beverages, cosmetics, and medications is fueling worldwide market growth.
Market Trend: Rising need for functional foods and natural health supplements
Functional foods and natural health supplements are clearly on trend in the propolis industry. Demand for functional meals and propolis-based supplements is rising as consumers search natural substitutes for synthetic goods. Growing health consciousness and a taste for preventative healthcare methods drive this trend. Because of its immune-boosting and antioxidant qualities, propolis is now included into a lot of products including lozenges, capsules, and fortified foods. To meet this demand, manufacturers are creating propolis-infused goods ranging from snack bars to even pet feeds and energy beverages. Where customers are ready to pay premium rates for natural health goods, developed regions like North America and Europe show especially significant trends. This tendency is predicted to get more strong as studies reveal fresh possible advantages of propolis, so opening chances for product diversification and market expansion.
Market Driver: Growing uses in the sectors of cosmetics and pharmaceuticals
The growing uses in the cosmetics and medicinal sectors are main drivers of the propolis market. Therapeutic qualities of propolis—including antibacterial, anti-inflammatory, and wound-healing actions—have attracted a lot of interest. Propolis is being developed in pharmaceuticals as natural antibiotics, oral hygiene products, and therapies for different skin disorders under direction. Its promise in combating antibiotic-resistant bacteria has spurred interest in propolis-based drug development and study. Propolis's antioxidant and anti-aging qualities have driven its increased inclusion into skincare products, hair care formulas, and natural cosmetics in the cosmetics sector. The need for propolis in this industry has been further increased by growing customer inclination for natural and organic cosmetic products. Pharmaceutical and cosmetic firms are probably going to boost their investment in propolis-based product development as more scientific studies confirm the effectiveness of propolis in these uses, therefore stimulating market growth.
Market Restraint: Variations in propolis quality and composition raise issues.
The variation in the composition of propolis and related quality issues constitute a major obstacle in the market. Geographic location, plant sources accessible to bees, and seasonal fluctuations can all dramatically affect propolis composition. Standardizing and consistent product development find difficulties with this variety. Variations in bioactive chemicals found in different forms of propolis will influence their medicinal effectiveness and market worth. Particularly in areas with less strict environmental laws, quality issues also surface from possible pesticide or heavy metal contamination. These problems could compromise consumer confidence and result in different product performance. Furthermore confusing regulatory compliance and international trade is the absence of uniform quality criteria for propolis products. Manufacturers find it difficult to guarantee batch-to-- batch consistency and satisfy various regulatory criteria over several markets. Overcoming these quality and standardizing challenges calls for major research, quality control, and maybe synthetic alternative development expenditure in order to affect market growth and profitability.
Raw Propolis Runs Ahead on the Market
In the propolis market, raw propolis has the highest share. The great concentration of bioactive substances and adaptability of this section help to explain its predominance Manufacturers favor raw propolis because of its potency and purity, which let for several uses in different sectors. Among the several propolis-based products—including extracts, tinctures, and powders—raw propolis is the main component. Its appeal derives from consumers' increased taste for minimally processed natural goods. Raw propolis's unadulterated therapeutic qualities especially appeal to the nutraceutical and pharmaceutical industries, which help to explain its market leadership.
Europe Leads the Global Propolis Market
Driven by a large consumer base that appreciates natural and organic products, Europe leads the world propolis industry. High knowledge of propolis advantages, established natural health product businesses, and strict quality standards are among the various reasons the area is so dominant. Propolis has extensive history in European nations, especially Germany, France, and Italy, used in apitherapy and traditional medicine. The strong cosmetics and pharmaceutical sectors of the area actively include propolis into different products, therefore accelerating market expansion. Furthermore, European customers clearly choose natural substitutes for personal care and medical treatments, which fits quite nicely for propolis uses. Key companies in the industry and advanced research facilities all around Europe also help to explain its market leadership. Further confirming Europe's place in the global propolis market are regulatory backing for natural products and growing investment in organic beekeeping methods.
The mix of existing firms and new businesses defining the propolis industry results in a competitive and dynamic environment. Important players in the market are big nutraceutical and pharmaceutical firms as well as specialized propolis manufacturers. Product quality, diversity of uses, and geographical reach all influence competitiveness. From beekeeping to end-product manufacture, major firms are concentrating on vertical integration to guarantee quality control and supply chain effectiveness. Key competitive strategy is innovation in extraction methods and product compositions; corporations fund research and development to increase propolis uses. Similar features of replacement natural items create rivalry for the market as well. Aiming to test health claims and create new uses, cooperation between propolis manufacturers and research organizations is increasingly typical. Particularly in areas with great market potential, mergers and acquisitions are becoming a trend of consolidation as the market expands.
Apis Flora
Wax Green
Comvita
MN Propolis
Polenectar
King's Gel
Evergreen
Ponlee
Uniflora
Manuka Health New Zealand
Zhifengtang
Wang's
In 2023, Comvita launched a new line of propolis-based immune support supplements, targeting the growing demand for natural health products.
In 2022, Apis Flora expanded its production capacity to meet the increasing global demand for high-quality propolis extracts.
1. INTRODUCTION
1.1. Market Definition
1.2. Study Scope
1.3. Currency Conversion
1.4. Study Period (2022- 2031)
1.5. Regional Coverage
2. RESEARCH METHODOLOGY
2.1. Primary Research
2.2. Secondary Research
2.3. Company Share Analysis
2.4. Data Triangulation
3. EXECUTIVE SUMMARY
3.1. Global Propolis Market (2018 – 2022)
3.2. Global Propolis Market (2023 – 2031)
3.2.1. Market Segment By Type (2023 – 2031)
3.2.2. Market Segment By Application (2023 – 2031)
3.2.3. Market Segment By Form (2023 – 2031)
3.2.4. Market Segment By Distribution Channel (2023 – 2031)
4. MARKET DYNAMICS
4.1. Market Trends
4.1.1. Growing demand for natural health supplements and functional foods
4.1.2. Increasing use of propolis in oral care products
4.1.3. Rising popularity of propolis-based skincare solutions
4.2. Market Drivers
4.2.1. Increasing applications in pharmaceuticals and cosmetics industries
4.2.2. Growing awareness of propolis health benefits
4.2.3. Rising demand for natural preservatives in food industry
4.3. Market Restraints
4.3.1. Variability in propolis composition and quality concerns
4.3.2. Limited availability and high production costs
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Buyers/Consumers
4.4.3. Bargaining Power of Suppliers
4.4.4. Threat of Substitute Products
4.4.5. Intensity of Competitive Rivalry
4.5. Supply Chain Analysis
4.6. Pricing Analysis
4.7. Regulatory Analysis
4.8. Pipeline Analysis
5. BY TYPE (MARKET VALUE (US$ MILLION) – 2022-2031*)
5.1. Raw Propolis
5.2. Extracted Propolis
6. BY APPLICATION
6.1. Food & Beverages
6.2. Pharmaceuticals
6.3. Cosmetics
6.4. Others
7. BY FORM
7.1. Liquid
7.2. Powder
7.3. Capsules
8. BY DISTRIBUTION CHANNEL
8.1. Online
8.2. Offline
9. GEOGRAPHY
9.1. North America
9.1.1. United States
9.1.2. Canada
9.1.3. Mexico
9.2. South America
9.2.1. Brazil
9.2.2. Argentina
9.2.3. Rest of South America
9.3. Europe
9.3.1. Germany
9.3.2. United Kingdom
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. Australia
9.4.5. South Korea
9.4.6. Rest of Asia-Pacific
9.5. Middle-East
9.5.1. UAE
9.5.2. Saudi Arabia
9.5.3. Turkey
9.5.4. Rest of Middle East
9.6. Africa
9.6.1. South Africa
9.6.2. Egypt
9.6.3. Rest of Africa
10. COMPETITIVE LANDSCAPE
10.1. Key Developments
10.2. Company Market Share Analysis
10.3. Product Benchmarking
11. SWOT ANALYSIS
12. COMPANY PROFILES
12.1. Apis Flora
12.2. Wax Green
12.3. Comvita
12.4. MN Propolis
12.5. Polenectar
12.6. King's Gel
12.7. Evergreen
12.8. Ponlee
12.9. Uniflora
12.10. Manuka Health New Zealand
12.11. Zhifengtang
12.12. Wang's (*LIST NOT EXHAUSTIVE)
13. MARKET OPPORTUNITIES
By Type:
Raw Propolis
Extracted Propolis
By Application:
Food & Beverages
Pharmaceuticals
Cosmetics
Others
By Form:
Liquid
Powder
Capsules
By Distribution Channel:
Online
Offline
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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