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The propolis market size is forecast to increase by USD 135 million, at a CAGR of 3.3% between 2024 and 2029.
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, driven by ongoing research and development in various sectors. Propolis, a resin-like substance collected by bees from tree buds, bark, or other botanical sources, is known for its antioxidant activity and diverse bioactive compounds, including flavonoids, phenolic acids, and phenolic esters. These compounds contribute to propolis' antiviral, antifungal, antibacterial, antioxidant, anti-inflammatory, and wound healing properties. Standardization of propolis is a critical aspect of the market, ensuring consistent total phenolic content and bioactive compound profiles. Extraction methods, such as water, ethanol, and supercritical CO2, influence the chemical composition and quality of propolis extracts. Regulatory compliance and safety assessment are essential considerations for propolis products, which are available in various dosage forms, including tinctures, capsules, ointments, and topical applications.
Consumer products, such as propolis lozenges, lip balms, and sprays, offer convenience and versatility. However, potential adverse effects and allergic reactions necessitate careful quality control and ethical sourcing. Ongoing clinical trials explore the therapeutic potential of propolis in drug delivery systems, pharmacokinetic studies, and wound healing applications. HPLC analysis and GC-MS provide valuable insights into the complex chemical composition of propolis, contributing to its continued market growth and dynamism.
The propolis industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
The healthcare segment is estimated to witness significant growth during the forecast period.
Propolis, a natural resin produced by honey bees, is renowned for its antioxidant, antiviral, antifungal, and antibacterial properties. Derived from various plants and buds, this complex mixture of resin, wax, essential oils, pollens, and minerals is widely used in the healthcare industry for developing new drugs. Propolis drugs, available in the market, are utilized to treat ailments such as diabetes, throat cancer, oral health issues, and tuberculosis. Companies like NaturaNectar provide standardized propolis supplements with added vitamin and vitamin C, enhancing their bioavailability through bioflavonoids. Extraction methods, such as water, ethanol, and supercritical CO2, are employed to obtain raw propolis, which is then standardized to ensure consistent quality.
Propolis extracts undergo HPLC analysis to determine their total phenolic content and bioactive compounds, including phenolic acids and flavonoids. Propolis products are available in various dosage forms, including capsules, creams, ointments, sprays, lozenges, and lip balms, catering to diverse consumer preferences and applications. Despite its numerous benefits, propolis may cause allergic reactions in some individuals. Adherence to regulatory compliance and ethical sourcing is crucial to ensure product safety and efficacy. Propolis's chemical composition and storage conditions significantly impact its shelf life and potency. Ongoing research explores propolis's potential in wound healing, drug delivery systems, and clinical trials.
The Healthcare segment was valued at USD 345.40 million in 2019 and showed a gradual increase during the forecast period.
North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The North American market for propolis, a resin-like substance collected by bees, is experiencing growth due to the increasing number of honey bee colonies in countries like the US, Canada, and Mexico. According to the US Department of Agriculture, the total number of bee colonies for operations in the US reached approximately 2.7 million as of January 2024. This growth in bee populations is anticipated to boost the supply of raw propolis, which is used in various industries, including healthcare, personal care and cosmetics, and food and beverages. Propolis is known for its antioxidant activity, antiviral and antifungal properties, and anti-inflammatory effects.
It contains flavonoids, phenolic acids, and other bioactive compounds, making it a valuable ingredient in health supplements, topical applications, and food products. The extraction methods, such as water, ethanol, and supercritical CO2, are crucial in ensuring standardization and maintaining the chemical composition of propolis. Quality control measures and regulatory compliance are essential to ensure the safety and efficacy of propolis products. Despite its numerous benefits, adverse effects, such as allergic reactions, may occur in some individuals. Propolis is used in various dosage forms, including capsules, creams, ointments, sprays, lozenges, and tinctures. Propolis extracts undergo HPLC analysis to determine their total phenolic content and bioactive compounds.
Clinical trials have shown propolis to be effective in wound healing and drug delivery systems. Propolis's geographical origin and ethical sourcing are also essential factors in its market value. Propolis resin, royal jelly, and bee propolis are other related products with similar properties and uses. The shelf life and storage conditions of propolis products must be carefully managed to preserve their quality.
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The propolis market is flourishing due to the versatile applications of propolis, a natural resin collected by bees, valued for its antibacterial properties, anti-inflammatory effects, antioxidant benefits, antiviral properties, and therapeutic efficacy. Products like raw propolis, propolis extract, propolis capsules, propolis tablets, propolis tinctures, propolis sprays, propolis creams, propolis ointments, propolis powder, alcohol-free propolis, propolis lozenges, propolis gummies, propolis-based supplements, and organic propolis cater to diverse needs in healthcare, pharmaceuticals, cosmetics and personal care, food and beverages, dietary supplements, veterinary medicine, traditional medicine, apitherapy, nutraceuticals, and natural health products.
These are used in skincare products, hair care products, oral care products, functional foods, pharmaceutical formulations, wound healing treatments, respiratory health products, veterinary care products, anti-acne treatments, cancer treatment support, cold sore remedies, dental care products, and food preservatives.Specialized equipment like extraction reactors, supercritical CO2 extractors, filtration systems, mixing and blending units, spray dryers, freeze dryers, encapsulation machines, quality testing equipment, packaging machinery, beekeeping harvesting tools, homogenizers, and sterilization equipment ensures efficient production, aligning with the market's focus on immune system support and skin health improvement.
The propolis market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the propolis market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, propolis market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Apis Flora Industrial e Comercial Ltda. - This company specializes in the production and distribution of propolis extracts, including the popular Green Extract 70.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Propolis Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
222 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
Market growth 2025-2029 |
USD 135 million |
Market structure |
Fragmented |
YoY growth 2024-2025(%) |
3.2 |
Key countries |
US, UK, Germany, Canada, China, France, Italy, Spain, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Distribution Channel
10 Market Segmentation by Product Type
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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