2020-2027 Analysis and Review Propolis Market

Propolis Market

Propolis Market by Application (Healthcare, Food & Beverages and Cosmetic & Personal Care), by Product Type (Capsule, Spray and Extract) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

01-03-2020 REP-HC-5128 40 Tables 80 pages Format

The propolis market was valued at USD 538.1 Mn by 2019. The rising prevalence of dermatology problems worldwide primarily determines the propolis extracts market growth as a cosmetic and personal care product. Increasing public health awareness regarding the therapeutic efficacy of propolis in treating gastrointestinal ulcers will further propel its market growth.

Propolis Market

Propolis is a heterogeneous mixture of naturally occurring resins and beeswax which is collected by the honeybees from various plants which serves to protect and sterilize the beehive which serves as a natural immune defense system for the whole beehive. The major drawback associated with this market is the lack of regulatory norms and compliance standards have resulted in the sale of counterfeit products in the market as propolis containing products.

The major segments related to the propolis market are: 

By Application (2017–2027; US$ Mn)

Healthcare

Food & Beverages

Cosmetic & Personal Care

By Product Type (2017–2027; US$ Mn)

Capsule

Spray

Extract

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global propolis market
  • The overall segmentation of the propolis market, by application, product type and geography is minutely studied. Cosmetic & personal care and extract are dominating the application and product type segments respectively
  • Rising prevalence of skin complications worldwide
  • Increasing public health awareness regarding the health benefits associated with propolis such as antibacterial, antiviral, anti-inflammatory properties further accentuates the market growth

Report gist?

  • The study of the global propolis market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of application and product type and categorization of the same at the geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the natural product manufacturers actively engaged in the production and marketing of propolis due to the  rising prevalence of skin complications worldwide
  • The report will benefit formulation scientist engaged in the development of propolis as a health product to fight bacterial and viral infections and treat inflammatory response associate with them
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to propolis market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Cosmetic and personal care products are presently leading the application segment for the propolis market. Researchers have investigated the medical use of propolis and have reported the medicinal use of propolis in treating dermatology complications such as acne, cold sore treatment, genitalia herpes treatment, etc. As per the latest research citings provided by the World Health Organization (WHO), annually approximately 180 000 deaths occur due to severe traumatic burns worldwide. Healthcare is going to record exemplary market performance during the forecast period on account of the therapeutic efficacy demonstrated by propolis in the treatment of gastrointestinal ulcers. The clinical trial investigation has confirmed the clinical application of propolis as a potent antitumor agent due to the presence of caffeic acid and its derivatives in the natural propolis.

Extracts are currently dominating the product type segment for the propolis market. A significant increase in the number of individuals inflicted with acute wounds throughout the globe concomitantly increases the demand for propolis extract as a potent natural wound healing agent. Propolis spray is expected to register excellent market growth in the near future owing to its increasing application for the treatment of sore throat due to the antibacterial and anti-inflammatory properties exhibited by natural propolis.

North America is representing the largest market share in the geography segment for the propolis market. The rising prevalence of skin complications in the Caucasian population primarily drives the propolis market growth in the region. Flourishing cosmetic and personal care segment provides a lucrative market opportunity for propolis extracts in the region. As per the latest research citings provided by the Center for Disease Control and Prevention (CDC), approximately 3% of the population >65 years of age in the United States are suffering from open wounds which further consolidates the propolis market growth. Europe is the second-largest regional segment on account of the increasing public health awareness regarding the therapeutic efficacy of propolis in treating inflammatory response associated with a viral and bacterial infection in the region. The Asia Pacific is anticipated to be the fastest-growing regional segment for the propolis market. The existence of traditional medicines in South Asian countries primarily determines the propolis market growth in the region. The constant rise in e-commerce as a distribution channel further accentuates the market growth in the Asia Pacific region.

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