The global propolis market is experiencing significant growth, driven by its diverse applications across various sectors, including pharmaceuticals, cosmetics, and food and beverages. Propolis, a natural resinous substance produced by bees, is renowned for its antibacterial, anti-inflammatory, and antioxidant properties. Research indicates that these bioactive compounds enhance immune function and possess therapeutic potential against various ailments, fostering increased consumer interest. Additionally, rising awareness of natural and organic products has bolstered demand, particularly in health and wellness. The market is further supported by innovations in extraction methods, improving the quality and efficacy of propolis products.
Frequently Asked Questions
The market is segmented based on Segmentation, By Product Type (Capsules and Tablets, Spray, Extract, and Others), Category (Alcohol-Based and Alcohol-Free), Distribution Channel (Store-Based and Non-Store-Based), Application (Food and Beverages, Healthcare, Personal Care and Cosmetics, and Other), Type (Supercritical Extraction CO2 (SFE), Ethanol Extracted Propolis (EEP), Glycol Extracted Propolis (GEP), and Other) – Industry Trends and Forecast to 2031
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The Global Propolis Market size was valued at USD 937.18 USD Million in 2023.
The Global Propolis Market is projected to grow at a CAGR of 6.31% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
