Global Propolis Market Growth 2023-2029

Global Propolis Market Growth 2023-2029

Propolis is a resinous substance collected from the buds of certain trees by bees and used as a cement or sealant in the construction of their hives.

The raw and unprocessed propolis commonly consists of roughly 55 percent resinous compounds and balsam, 30 percent beeswax, 10 percent ethereal and aromatic oils, and 5 percent bee pollen. Its constituents and color, ranging from golden brown to reddish to almost black, depends on the tree source of collection, the most common being dark brown. Propolis is sticky at and above room temperature, 20 °C (68 °F). At lower temperatures, it becomes hard and very brittle.

Until now, over 200 chemical compounds have already been identified in the propolis including flavonoids, terpenoids, aldehydes, aromatic acids, aliphatic alcohols and ethers, amino acids, sugars etc.

The Propolis market covers Propolis Capsules, Propolis Liquids, etc. The typical players include Apis Flora, Wax Green, Comvita, MN Própolis, etc.

LPI (LP Information)' newest research report, the “Propolis Industry Forecast” looks at past sales and reviews total world Propolis sales in 2022, providing a comprehensive analysis by region and market sector of projected Propolis sales for 2023 through 2029. With Propolis sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Propolis industry.

This Insight Report provides a comprehensive analysis of the global Propolis landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Propolis portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Propolis market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Propolis and breaks down the forecast by type, by sales channel, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Propolis.

The global Propolis market size is projected to grow from US$ 530.8 million in 2022 to US$ 799 million in 2029; it is expected to grow at a CAGR of 799 from 2023 to 2029.

The major players in global Propolis market include Comvita, Zhifengtang, Apis Flora, etc. The top 3 players occupy about 15% shares of the global market. Asia Pacific and Americas are main markets, they occupy about 80% of the global market. Propolis Liquids is the main type, with a share about 50%. Offline Retails is the main application, which holds a share about 75%.

This report presents a comprehensive overview, market shares, and growth opportunities of Propolis market by product type, sales channel, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Propolis Capsules

Propolis Liquids

Propolis Spray

Other

Segmentation by sales channel

Online Retails

Offline Retails

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Apis Flora

Wax Green

Comvita

MN Própolis

Apiário Polenectar

King’s Gel

Evergreen

Sunyata – Pon Lee

Uniflora

Manuka Health New Zealand

Zhifengtang

Wang’s

Bricaas

Baihua

Beewords

Zhonghong Biological

Baoshengyuan

Jiangshan Hengliang

Health & Love

Jiangsu Rigao Bee Products

Hubei Small Forest

Healthy Care

Swisse

Nature's Answer

Apis Familia

By-Health

Spring Leaf

TangChao

YiShanKangBao

Zirkulin

TongRenTang

Nature's Care

Key Questions Addressed in this Report

What is the 10-year outlook for the global Propolis market?

What factors are driving Propolis market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Propolis market opportunities vary by end market size?

How does Propolis break out type, sales channel?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.