Global Propolis Market 2024-2028

Global Propolis Market 2024-2028


The propolis market is forecasted to grow by USD 135.13 mn during 2023-2028, accelerating at a CAGR of 3.75% during the forecast period. The report on the propolis market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by health benefits of consuming propolis, availability of propolis dietary food supplements, and growing preference for online shopping.

Technavio's propolis market is segmented as below:

By Application
  • Healthcare
  • Personal care and cosmetics
  • Food and beverages
By Distribution Channel
  • Offline
  • Online
By Geographical Landscape
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the increase in research activities to enhance propolis production in beehives as one of the prime reasons driving the propolis market growth during the next few years. Also, blogging and digital media influencing propolis consumption and restoration of natural bee habitats will lead to sizable demand in the market.

The report on the propolis market covers the following areas:
  • Propolis market sizing
  • Propolis market forecast
  • Propolis market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading propolis market vendors that include Apis Flora Industrial e Comercial Ltda., Associated British Foods Plc, Bio Botanica Inc., Comvita Ltd., Country Life Vitamins LLC, Hi Tech Natural Products India Ltd, iHerb LLC, INW Manufacturing LLC, Laprell Beehive Products Inc., Manuka Health New Zealand Ltd., Natural Factors Nutritional Products Ltd., NaturaNectar LLC, Natures Goodness Australia, NOW Health Group Inc., Nutraceutical Corp., Sunyata Productos Alternativos Ltda., Uniflora Nutraceutica Ltda., Wax Green USA, YS Organic Bee Farms, and Herb Pharm. Also, the propolis market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Application
      • Table Executive Summary – Chart on Market Segmentation by Distribution Channel
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global propolis market 2018 - 2022
      • Table Historic Market Size – Data Table on global propolis market 2018 - 2022 ($ million)
    • Application Segment Analysis 2018 - 2022
      • Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • Distribution Channel Segment Analysis 2018 - 2022
      • Table Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Application
    • Market segments
      • Table Chart on Application - Market share 2023-2028 (%)
      • Table Data Table on Application - Market share 2023-2028 (%)
    • Comparison by Application
      • Table Chart on Comparison by Application
      • Table Data Table on Comparison by Application
    • Healthcare - Market size and forecast 2023-2028
      • Table Chart on Healthcare - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Healthcare - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Healthcare - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
    • Personal care and cosmetics - Market size and forecast 2023-2028
      • Table Chart on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
    • Food and beverages - Market size and forecast 2023- 2028
      • Table Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application ($ million)
      • Table Data Table on Market opportunity by Application ($ million)
  • Market Segmentation by Distribution Channel
    • Market segments
      • Table Chart on Distribution Channel - Market share 2023-2028 (%)
      • Table Data Table on Distribution Channel - Market share 2023-2028 (%)
    • Comparison by Distribution Channel
      • Table Chart on Comparison by Distribution Channel
      • Table Data Table on Comparison by Distribution Channel
    • Offline - Market size and forecast 2023-2028
      • Table Chart on Offline - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Offline - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • Online - Market size and forecast 2023-2028
      • Table Chart on Online - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Online - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Online - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Online - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Distribution Channel
      • Table Market opportunity by Distribution Channel ($ million)
      • Table Data Table on Market opportunity by Distribution Channel ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • Canada - Market size and forecast 2023-2028
      • Table Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Health benefits of consuming propolis
      • Availability of propolis dietary food supplements
      • Growing preference for online shopping
    • Market challenges
      • Declining number of honey bee colonies
      • Improper storage facilities may lead to decomposition of propolisbased products
      • Adulteration of propolis products
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Increase in research activities to enhance propolis production in beehives
      • Blogging and digital media influencing propolis consumption
      • Restoration of natural bee habitats
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Apis Flora Industrial e Comercial Ltda.
      • Table Apis Flora Industrial e Comercial Ltda. - Overview
      • Table Apis Flora Industrial e Comercial Ltda. - Product / Service
      • Table Apis Flora Industrial e Comercial Ltda. - Key offerings
    • Associated British Foods Plc
      • Table Associated British Foods Plc - Overview
      • Table Associated British Foods Plc - Business segments
      • Table Associated British Foods Plc - Key offerings
      • Table Associated British Foods Plc - Segment focus
    • Comvita Ltd.
      • Table Comvita Ltd. - Overview
      • Table Comvita Ltd. - Business segments
      • Table Comvita Ltd. - Key offerings
      • Table Comvita Ltd. - Segment focus
    • Herb Pharm
      • Table Herb Pharm - Overview
      • Table Herb Pharm - Product / Service
      • Table Herb Pharm - Key offerings
    • Hi Tech Natural Products India Ltd
      • Table Hi Tech Natural Products India Ltd - Overview
      • Table Hi Tech Natural Products India Ltd - Product / Service
      • Table Hi Tech Natural Products India Ltd - Key offerings
    • INW Manufacturing LLC
      • Table INW Manufacturing LLC - Overview
      • Table INW Manufacturing LLC - Product / Service
      • Table INW Manufacturing LLC - Key news
      • Table INW Manufacturing LLC - Key offerings
    • Laprell Beehive Products Inc.
      • Table Laprell Beehive Products Inc. - Overview
      • Table Laprell Beehive Products Inc. - Product / Service
      • Table Laprell Beehive Products Inc. - Key offerings
    • Manuka Health New Zealand Ltd.
      • Table Manuka Health New Zealand Ltd. - Overview
      • Table Manuka Health New Zealand Ltd. - Product / Service
      • Table Manuka Health New Zealand Ltd. - Key offerings
    • NaturaNectar LLC
      • Table NaturaNectar LLC - Overview
      • Table NaturaNectar LLC - Product / Service
      • Table NaturaNectar LLC - Key offerings
    • Natures Goodness Australia
      • Table Natures Goodness Australia - Overview
      • Table Natures Goodness Australia - Product / Service
      • Table Natures Goodness Australia - Key offerings
    • NOW Health Group Inc.
      • Table NOW Health Group Inc. - Overview
      • Table NOW Health Group Inc. - Product / Service
      • Table NOW Health Group Inc. - Key offerings
    • Nutraceutical Corp.
      • Table Nutraceutical Corp. - Overview
      • Table Nutraceutical Corp. - Product / Service
      • Table Nutraceutical Corp. - Key offerings
    • Sunyata Productos Alternativos Ltda.
      • Table Sunyata Productos Alternativos Ltda. - Overview
      • Table Sunyata Productos Alternativos Ltda. - Product / Service
      • Table Sunyata Productos Alternativos Ltda. - Key offerings
    • Wax Green USA
      • Table Wax Green USA - Overview
      • Table Wax Green USA - Product / Service
      • Table Wax Green USA - Key offerings
    • YS Organic Bee Farms
      • Table YS Organic Bee Farms - Overview
      • Table YS Organic Bee Farms - Product / Service
      • Table YS Organic Bee Farms - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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