Industry Background:
Propolis is a resin-like material. It is made by bees to build hives, and it may contain beehive byproducts. It helps to fight against bacteria, viruses, and fungi. It has anti-inflammatory properties that help to heal the skin instantly. Propolis is commonly used for diabetes, cold sores, and swelling, and sores inside the mouth as well as for burns, canker sores, genital herpes, and others.
According to AMA Research, the market for Propolis is expected to register a CAGR of 5.3% during the forecast period to 2027. This growth is primarily driven by Growing Demand for Propolis across the Food and Pharmaceutical Industries
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | MN Própolis (Brazil), Henan Super-Sweet Biotechnology Co., LTD (China), Herb Pharm LLC (United States), Apis Flora (Brazil), Bee Health Limited (United Kingdom), YS Organic Bee Farms (United States), Comvita Ltd (New Zealand), Uniflora Health Foods (United States), Sunyata Pon Lee (Brazil) and NOW Foods (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the MEA region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as MN Própolis (Brazil), Henan Super-Sweet Biotechnology Co., LTD (China), Herb Pharm LLC (United States), Apis Flora (Brazil), Bee Health Limited (United Kingdom), YS Organic Bee Farms (United States), Comvita Ltd (New Zealand), Uniflora Health Foods (United States), Sunyata Pon Lee (Brazil) and NOW Foods (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 29th March 2021, Bee Health Limited was acquired by INW Innovations in Nutrition + Wellness. The acquisition gives strength to the company we have built and the significant value creation potential ahead.
In 2021, Comvita reports the official opening of a state-of-the-art Wellness Lab experience space in Auckland's Viaduct.Global Propolis is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Market Drivers
- Growing Demand for Propolis across the Food and Pharmaceutical Industries
- Various Health Benefits of the Propolis
Market Trend
- The rapid shift of Consumers towards Natural Ingredient Made Cosmetics Products
Restraints
- Allergy-Related Reactions with the Consumption of Propolis
Opportunities
Growing Opportunities for Small Scale Beekeepers in Developing Countries
Challenges
Regulatory Guidelines on the Extraction of Propolis
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Propolis Study Sheds Light on
The Propolis Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Propolis industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Propolis industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.