Propolis Market

Rising Antioxidant Supplement Demand Would Drive Market Growth

Furthermore, the key drivers of the propolis market CAGR are the increase in interest in propolis in the medical services and medicine sectors, as well as the growth of awareness about its therapeutic characteristics. These elements are predicted to impact the propolis industry's growth and development in the next years. Major firms are offering propolis-based products to satisfy certain health demands. As a result, one of the primary elements driving propolis interest in the market is the many medical benefits and the ease of access to items containing propolis extracts.

Additionally, sales of natural products with immune-strengthening qualities are increasing due to the high mortality rate of coronavirus illness (COVID-19) and the lack of an antiviral cure. The market is expanding because propolis has powerful antibacterial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory activities. It is also abundant in antioxidants and bioactive chemicals. In addition, top producers provide a wide range of propolis-based product options to address various medicinal demands. They also spend money on packaging upgrades and marketing initiatives like celebrity sponsorships to keep their competitive edge and broaden their market reach. Thus, driving the propolis industry revenue.

The rise of e-commerce platforms has transformed the way consumers access health products, including propolis. The Global Propolis Market Industry is likely to see significant growth as online retail channels become more prevalent. E-commerce offers convenience and a wider selection of products, making it easier for consumers to purchase propolis supplements and related items. This shift towards online shopping aligns with the projected market growth, as the industry adapts to changing consumer behaviors. The accessibility provided by e-commerce could potentially lead to increased sales, contributing to the market's anticipated value of 1.24 USD Billion by 2035.

The Global Propolis Market Industry is experiencing a notable surge in demand for natural and organic products. Consumers are increasingly inclined towards natural remedies and supplements, driven by a growing awareness of health and wellness. This trend is reflected in the market's projected value of 0.64 USD Billion in 2024, indicating a robust interest in propolis as a natural health product. The inclination towards natural ingredients is not merely a passing trend; it suggests a fundamental shift in consumer preferences, which could potentially drive the market further as more individuals seek alternatives to synthetic products.

The Global Propolis Market Industry is also influenced by the establishment of regulatory frameworks and quality standards for natural products. Governments and health organizations are increasingly recognizing the importance of ensuring product safety and efficacy. This regulatory support can enhance consumer confidence in propolis products, potentially leading to increased market penetration. As quality standards improve, manufacturers may find it easier to market their products, thereby expanding their reach. This trend could contribute to the market's growth, aligning with the projected increase in value to 1.24 USD Billion by 2035.

There is a discernible increase in the acceptance and utilization of alternative medicine practices globally. The Global Propolis Market Industry is poised to benefit from this trend, as propolis is often used in various alternative therapies. As more individuals explore holistic approaches to health, the demand for natural products like propolis is likely to rise. This growing awareness may lead to a broader consumer base, further driving market growth. The anticipated CAGR of 6.24% from 2025 to 2035 indicates that the integration of propolis into alternative medicine could significantly influence its market trajectory.

Propolis is renowned for its numerous health benefits, which include antimicrobial, anti-inflammatory, and antioxidant properties. The Global Propolis Market Industry is likely to benefit from ongoing research that continues to validate these health claims. As scientific studies emerge, they reinforce the therapeutic potential of propolis, thereby enhancing its appeal among consumers. This growing body of evidence may contribute to the market's expansion, as individuals increasingly seek natural solutions for health issues. The projected growth rate of 6.24% CAGR from 2025 to 2035 suggests that the therapeutic properties of propolis will play a crucial role in shaping consumer choices.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American propolis market area will dominate this market because propolis is highly sought-after in the United States and Canada. The prevalence of genital herpes in the United States has increased its demand in this area. One of the top nations with the greatest rates of genital herpes and other herpes viruses is the United States. The industry is anticipated to have tremendous expansion throughout the forecast period due to rising import demand.

Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: PROPOLIS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe propolis market accounts for the second-largest market share. The capacity of propolis to strengthen the immune system, promote digestive health, and lessen wrinkles in adults are factors contributing to the growing demand for propolis in Europe. Additionally, propolis is a gluten-free substance that celiac disease patients can use. There were roughly 242 thousand instances of celiac disease in Italy in 2021, according to the Ministry of Health. These elements are essential in propelling the industry under study.

Further, the German propolis industry held the largest market share, and the UK market for propolis was the fastest growing market in the European region

The Asia-Pacific Propolis Market is expected to grow at the fastest CAGR from 2023 to 2032. This is attributable to the increasing demand for propolis in this area. An increase in disposable income is also fueling market expansion. Additionally, rising cancer incidence rates are anticipated to hasten regional market expansion. The propolis is therefore anticipated to expand in this area over the course of the forecast period. Moreover, China’s propolis industry held the largest market share, and the Indian market for propolis was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the propolis market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, propolis industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the propolis industry to benefit clients and increase the market sector. In recent years, the propolis industry has offered some of the most significant advantages to market.

Major players in the propolis market attempting to increase market demand by investing in research and development operations include Apis Flora (Brazil), Sunyata Pon Lee (Brazil), Bee Health Limited (UK), Zhifengtang (China), Laprell's Beehive Products, Inc. (Canada), Apiário Polenectar (Brazil), Comvita (New Zealand), Wax Green (Brazil), Manuka Health New Zealand (New Zealand), and Hi-Tech Natural Product India Ltd. (India).

Comvita New Zealand Limited sells food and medical supplies. The business sells honey, creams, lotions, jelly, vinegar, fish oil capsules, and oral care items. Comvita provides customer service. Comvita is a significant manufacturer of premium Honey and honey products in New Zealand. With independent beekeepers operating in outlying regions of the central North Island and Northland, Comvita develops close partnerships. With the aid of contemporary technology, the origin of every Comvita honey product can be verified, guaranteeing its transparency and purity. In March 2021, comvita's cutting-edge Wellness Lab immersive area in Auckland's Viaduct has officially launched.

Since its founding in 2006, Manuka Health has developed into a well-known New Zealand firm specializing in Manuka and Gourmet Honey, Royal Jelly, and Propolis. Manuka Health controls every step of the creation of their honey. Their 20,000 beehives are situated in secluded, pristine regions of New Zealand, and the gathering procedures make use of sustainable methods. Health and natural product manufacturers and retailers Manuka Health New Zealand Limited. The business sells natural honey-based toothpaste, skin care, immune protection, and other goods. Manuka Health provides services to clients around.