About Propolis Power
Propolis Power are the compound which is created by bees. The Bees excrete their discharges and wax on the sap of the needle leaved trees, thus resulting in creation of greenish brown product known as propolis. Propolis is primarily used by bees to coat their hives. Although Propolis made by bees in Europe differs to that made in Brazil and New Zealand. Some propolis have high levels of phenolics and flavonoids while others not. There are numerous number of health beneficiary compounds found in the propolis. Which make them excellent for treating several health problems such as wounds, or cancer, etc. Geographically, North America as well as South America are the two prominent markets of propolis power.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Propolis Power market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Propolis Power market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apis Flora (Brazil), MN Propolis (Brazil), Evergreen (New Zealand), Comvita (New Zealand), Wax Green (Brazil), NOW Foods (United States), Uniflora Nutraceutica Ltda (Brazil), Polenectar (Brazil), YS Organic Bee Farms (United States) and Herb Pharm LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Apiter (Uruguay), Pon Lee (Brazil) and King's Gel (Brazil).
Segmentation Overview
AMA Research has segmented the market of Global Propolis Power market by Type (Supercritical Extraction CO2 (SFE), Ethanol Extracted Propolis (EEP), Glycol Extracted Propolis (GEP) and Others) and Region.
On the basis of geography, the market of Propolis Power has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Propolis Power market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Capsules and Tablets will boost the Propolis Power market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Food Industry will boost the Propolis Power market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ethanol Extracted Propolis Accounts for Largest Market Share
Market Growth Drivers:
Growing Demand from End User Industries and Rising Innovation in the Pharmaceutical Industry especially after Recent Surge in Public as well as Private Investments in Healthcare
Challenges:
Stringent Regulations around Propolis
Restraints:
Certain Health Side Effects Associated with Propolis Power
Opportunities:
Developing Countries Present Huge Opportunity to Expand the Market
Market Leaders and their expansionary development strategies
In 2018, Comvita, a New Zealand based natural bee keepers and bee byproduct sellers have announced acquisition of almost 20% in Apiter, an Uruguayan privately held company which is one of the largest players producing propolis in South America. This deal, aids Comvita to counter the supply chain constraints it faces, as well as will help it expand the capabilities to produce similar propolis as it produces in New Zealand in Uruguay.
In 2019, NaturaNectar, a United States based company producing propolis wellness products using green extraction technology for almost a decade has announced the launch of its new bee propolis skincare product line, thus marking its entrance into the beauty segment.
Key Target Audience
Propolis Power Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.