- In July 2024, ApiotiX Technologies, a biotech leader, has introduced a standardized polyphenolic acid polymer extract (PAPE) sourced from propolis, which has been clinically validated to provide the same benefits as retinol. This innovative extract also shows comparable efficacy to the popular alternative bakuchiol and is noted as the first natural retinol substitute with similar purity levels
- In August 2023, Comvita Ltd, a reputable source for genuine Mānuka honey, announced the launch of Immune Bee Propolis, which features twice the active ingredients in a single daily dose
- In September 2021 Comvita Ltd revealed a strategic partnership with Caravan, a joint venture with the entertainment and sports agency Creative Artists Agency (CAA). This collaboration aims to raise consumer awareness about the benefits of Mānuka honey and propolis by creating a celebrity-backed lifestyle brand that highlights the natural healing properties of these products for topical use
- In March 2021 Innovations in Nutrition + Wellness (INW) announced its acquisition of Bee Health, the leading developer and manufacturer of nutritional supplements in the United Kingdom. This acquisition aims to enhance the services provided to brand partners through the complementary product capabilities and geographic reach of both companies
- In March 2021 Bee Health, a supplement manufacturer, was acquired by Innovations in Nutrition + Wellness (INW), a leader in custom research and development, to expand its presence in the market
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.
