Propolis Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

Report Overview

The global propolis products market was valued at USD 2.8 billion in 2022 and is projected to expand at a CAGR of 6.5% from 2023 to 2030. Propolis is a natural substance produced by bees from the buds and bark of trees and shrubs. It is a resinous mixture containing a variety of compounds such as flavonoids, phenolic acids, and terpenes. Propolis is used as a dietary supplement and a natural remedy for a variety of ailments, such as skin problems, inflammation, and allergies. It is also used in the production of various products such as cosmetics, food, and beverages.

The rising demand for natural products, coupled with increasing consumer awareness about the therapeutic benefits of propolis products, is driving the market growth. Also, the growing popularity of organic and eco-friendly products is encouraging manufacturers to exploit the potential of propolis. For instance, in March 2021, an Italian company, Giorgini Dr. Giorgini, launched a new range of organic and natural cosmetics, featuring propolis, to meet the growing demand for natural and organic cosmetics.

The rising demand for propolis-based dietary supplements and the increasing prevalence of health issues such as cancer, diabetes, and heart diseases are also driving the market growth. For instance, in July 2021, a Brazilian company, Apis Flora, launched a new line of dietary supplements with propolis and other natural ingredients to meet the growing demand for dietary supplements.

Furthermore, the trend of self-medication and the increasing penetration of internet and e-commerce are also driving the growth of the market. The increasing availability of propolis products on e-commerce platforms such as Amazon and Alibaba is making it easier for consumers to access these products. Also, the rising use of propolis in the production of functional foods and beverages is further driving the market growth. For instance, in April 2021, a German company, Alce Nero, launched a new range of functional drinks containing propolis extract to meet the growing demand for functional drinks.

The growing number of health-conscious consumers and the increasing disposable income are some of the other factors expected to drive the market growth. Also, manufacturers are launching new products to cater to the changing needs of consumers. For instance, in May 2021, a Brazilian company, Ecofarma, launched a new range of propolis-based skin care products to meet the growing demand for skin care products.

Product Insights

The propolis extract segment is anticipated to expand at the fastest CAGR of 10.2% over the forecast period. Propolis extract is used for a range of health benefits, such as boosting immunity, improving digestive health, and treating skin problems. According to a study published by the University of Warsaw in April 2021, propolis extract contains antioxidant, anti-inflammatory, and antimicrobial properties, which makes it useful in treating a variety of ailments. Furthermore, increasing research and development activities to identify and isolate the active ingredients of propolis extract is aiding the growth of the segment.

The propolis capsule segment is expected to register a significant share of the market by 2022. Propolis capsules are popularly used for the therapeutic benefits of propolis extract, due to their convenience of use and high bioavailability. According to an article published by the University of São Paulo in October 2020, propolis capsules are an effective and safe form of propolis consumption, which is expected to drive the demand for propolis capsules over the forecast period.

Distribution Channel Insights

The supermarkets and hypermarkets segment captured the major share of over 35.4% in 2022. The segment is mainly driven by the increasing consumer preference for supermarkets & hypermarkets as a primary source for buying propolis products. According to a survey by Statista in 2020, 62% of consumers prefer to buy propolis products from supermarkets and hypermarkets due to the availability of a wide range of products and brands. These establishments also provide customers with convenience and assist in making quick purchase decisions.

The online segment is expected to register the highest CAGR of 12.7% over the forecast period. The rising penetration of the internet and increasing internet usage have enabled companies to launch online stores and increase their brand visibility. For instance, in February 2021, Beekeeper’s Naturals launched an online store for its propolis products. The store offers products such as Propolis Throat Spray, Propolis Capsules, Propolis Gummies, and Propolis Elixir to consumers across the globe. In addition, customers can access information related to product ingredients and its benefits on the website.

Type Insights

The crude propolis segment accounted for the largest revenue share of 65.2% in the year 2022. The increasing demand for crude propolis as a dietary supplement is driving the market for the segment. The growing awareness about the health benefits of propolis, such as its anti-inflammatory, anti-bacterial, and anti-viral properties, is also driving the growth of the segment. Furthermore, the rising demand for propolis due to its anti-bacterial and anti-fungal properties, which are beneficial for treating skin infections, is expected to drive the demand for the segment in the forecast period.

The semi-refined propolis segment is anticipated to expand at the highest CAGR of 13.1% over the forecast period. The semi-refined propolis segment is gaining traction due to its increasing use in the pharmaceuticals and cosmetics industries. Semi-refined propolis is used as a preservative in cosmetics and in the manufacturing of medicines and dietary supplements. Moreover, the increasing demand for semi-refined propolis for its healing and antioxidant properties is expected to fuel the growth of the segment in the forecast period.

Regional Insights

Europe dominated the market and accounted for the largest revenue share of over 37.5% in 2022. This can be attributed to the increasing awareness about the use of propolis for medicinal purposes in the region. Additionally, the presence of major players operating in the region is also expected to boost the growth of the market. For instance, in April 2021, the Polish propolis producer, Apis Mellifera, launched a line of bee-derived products that included propolis extract, propolis tincture, and propolis cream.

Asia Pacific is anticipated to witness the fastest growth during the forecast period. This can be attributed to the increasing demand for medicinal and cosmetic products across the region. Moreover, the presence of major players operating in the region is also expected to contribute to the growth of the market. For instance, in April 2021, South Korea’s leading manufacturer of propolis products, Dongbang Biotech, launched a new line of propolis water-soluble products in the Asia Pacific region.

Financial Projections

In this part of the propolis products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your propolis products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a propolis products business comes from sales of propolis products such as creams, supplements, and other related products. Additionally, you may generate revenue from services such as consultations, workshops, and lectures about the benefits of propolis products.

Projecting Expenses
In this section, all the regular expenses related to keeping the propolis products business running will be described. The list of operating expenses includes materials and ingredients, rent, wages, utilities, marketing, advertising, insurance policies, and others.

Key companies & market share insights

Some of the key companies operating in the propolis products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Apimed launched a propolis ointment to treat minor skin abrasions and inflammations.

– In August 2022, Propolia launched a range of propolis-based health supplements.

– In October 2022, Nordic Naturals launched propolis-based toothpaste and mouthwash.

Some of the prominent players in the propolis products market include:

– Apimed
– Propolia
– Nordic Naturals
– Nature’s Way
– NOW Foods
– Wakamoto Pharmaceutical Co Ltd
– HL Pharma
– Comvita Ltd
– Apis Flora
– Bee Health Ltd

Global Propolis Market Segmentation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global propolis products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Dietary Supplements
– Skin Care
– Oral Care
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Mass
– Premium

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

Frequently Asked Questions

[Q]: What are the Factors Driving the Propolis Products Market?
[A]: Factors such as the growing demand for natural and organic food products, increasing awareness about the health benefits of propolis, and rising disposable incomes are driving the propolis products market. Additionally, the increased use of propolis as an alternative to antibiotics, its anti-inflammatory properties, and its ability to boost immunity are also contributing to the growth of the propolis products market.

[Q]: Who are the Key Players in the Propolis Products Market?
[A]: Major players in the global propolis products market are CCD – Consumer Care Division, APIS MEL, NaturaNectar, Green Propolis, Siam Propolis, and Doehler Group.

[Q]: What are the Different Types of Propolis Products?
[A]: Propolis products are available in various forms such as liquid, powder, and tablets.

[Q]: Which Region Offers the Largest Opportunity for Sales of Propolis Products?
[A]: North America is expected to be the largest region for sales of propolis products, due to its well-established healthcare infrastructure, technological advancements, and increased awareness about the health benefits of propolis.

[Q]: What is the Potential of Product Innovation?
[A]: Companies are investing in product innovation to differentiate their products and enhance customer experience. For instance, NaturaNectar has recently launched a new propolis product with added functional benefits such as immune system boost, antioxidant protection, and anti-inflammatory properties.

image_pdf

Propolis Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

Report Overview

The global propolis products market was valued at USD 2.8 billion in 2022 and is projected to expand at a CAGR of 6.5% from 2023 to 2030. Propolis is a natural substance produced by bees from the buds and bark of trees and shrubs. It is a resinous mixture containing a variety of compounds such as flavonoids, phenolic acids, and terpenes. Propolis is used as a dietary supplement and a natural remedy for a variety of ailments, such as skin problems, inflammation, and allergies. It is also used in the production of various products such as cosmetics, food, and beverages.

The rising demand for natural products, coupled with increasing consumer awareness about the therapeutic benefits of propolis products, is driving the market growth. Also, the growing popularity of organic and eco-friendly products is encouraging manufacturers to exploit the potential of propolis. For instance, in March 2021, an Italian company, Giorgini Dr. Giorgini, launched a new range of organic and natural cosmetics, featuring propolis, to meet the growing demand for natural and organic cosmetics.

The rising demand for propolis-based dietary supplements and the increasing prevalence of health issues such as cancer, diabetes, and heart diseases are also driving the market growth. For instance, in July 2021, a Brazilian company, Apis Flora, launched a new line of dietary supplements with propolis and other natural ingredients to meet the growing demand for dietary supplements.

Furthermore, the trend of self-medication and the increasing penetration of internet and e-commerce are also driving the growth of the market. The increasing availability of propolis products on e-commerce platforms such as Amazon and Alibaba is making it easier for consumers to access these products. Also, the rising use of propolis in the production of functional foods and beverages is further driving the market growth. For instance, in April 2021, a German company, Alce Nero, launched a new range of functional drinks containing propolis extract to meet the growing demand for functional drinks.

The growing number of health-conscious consumers and the increasing disposable income are some of the other factors expected to drive the market growth. Also, manufacturers are launching new products to cater to the changing needs of consumers. For instance, in May 2021, a Brazilian company, Ecofarma, launched a new range of propolis-based skin care products to meet the growing demand for skin care products.

Product Insights

The propolis extract segment is anticipated to expand at the fastest CAGR of 10.2% over the forecast period. Propolis extract is used for a range of health benefits, such as boosting immunity, improving digestive health, and treating skin problems. According to a study published by the University of Warsaw in April 2021, propolis extract contains antioxidant, anti-inflammatory, and antimicrobial properties, which makes it useful in treating a variety of ailments. Furthermore, increasing research and development activities to identify and isolate the active ingredients of propolis extract is aiding the growth of the segment.

The propolis capsule segment is expected to register a significant share of the market by 2022. Propolis capsules are popularly used for the therapeutic benefits of propolis extract, due to their convenience of use and high bioavailability. According to an article published by the University of São Paulo in October 2020, propolis capsules are an effective and safe form of propolis consumption, which is expected to drive the demand for propolis capsules over the forecast period.

Distribution Channel Insights

The supermarkets and hypermarkets segment captured the major share of over 35.4% in 2022. The segment is mainly driven by the increasing consumer preference for supermarkets & hypermarkets as a primary source for buying propolis products. According to a survey by Statista in 2020, 62% of consumers prefer to buy propolis products from supermarkets and hypermarkets due to the availability of a wide range of products and brands. These establishments also provide customers with convenience and assist in making quick purchase decisions.

The online segment is expected to register the highest CAGR of 12.7% over the forecast period. The rising penetration of the internet and increasing internet usage have enabled companies to launch online stores and increase their brand visibility. For instance, in February 2021, Beekeeper’s Naturals launched an online store for its propolis products. The store offers products such as Propolis Throat Spray, Propolis Capsules, Propolis Gummies, and Propolis Elixir to consumers across the globe. In addition, customers can access information related to product ingredients and its benefits on the website.

Type Insights

The crude propolis segment accounted for the largest revenue share of 65.2% in the year 2022. The increasing demand for crude propolis as a dietary supplement is driving the market for the segment. The growing awareness about the health benefits of propolis, such as its anti-inflammatory, anti-bacterial, and anti-viral properties, is also driving the growth of the segment. Furthermore, the rising demand for propolis due to its anti-bacterial and anti-fungal properties, which are beneficial for treating skin infections, is expected to drive the demand for the segment in the forecast period.

The semi-refined propolis segment is anticipated to expand at the highest CAGR of 13.1% over the forecast period. The semi-refined propolis segment is gaining traction due to its increasing use in the pharmaceuticals and cosmetics industries. Semi-refined propolis is used as a preservative in cosmetics and in the manufacturing of medicines and dietary supplements. Moreover, the increasing demand for semi-refined propolis for its healing and antioxidant properties is expected to fuel the growth of the segment in the forecast period.

Regional Insights

Europe dominated the market and accounted for the largest revenue share of over 37.5% in 2022. This can be attributed to the increasing awareness about the use of propolis for medicinal purposes in the region. Additionally, the presence of major players operating in the region is also expected to boost the growth of the market. For instance, in April 2021, the Polish propolis producer, Apis Mellifera, launched a line of bee-derived products that included propolis extract, propolis tincture, and propolis cream.

Asia Pacific is anticipated to witness the fastest growth during the forecast period. This can be attributed to the increasing demand for medicinal and cosmetic products across the region. Moreover, the presence of major players operating in the region is also expected to contribute to the growth of the market. For instance, in April 2021, South Korea’s leading manufacturer of propolis products, Dongbang Biotech, launched a new line of propolis water-soluble products in the Asia Pacific region.

Financial Projections

In this part of the propolis products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your propolis products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a propolis products business comes from sales of propolis products such as creams, supplements, and other related products. Additionally, you may generate revenue from services such as consultations, workshops, and lectures about the benefits of propolis products.

Projecting Expenses
In this section, all the regular expenses related to keeping the propolis products business running will be described. The list of operating expenses includes materials and ingredients, rent, wages, utilities, marketing, advertising, insurance policies, and others.

Key companies & market share insights

Some of the key companies operating in the propolis products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Apimed launched a propolis ointment to treat minor skin abrasions and inflammations.

– In August 2022, Propolia launched a range of propolis-based health supplements.

– In October 2022, Nordic Naturals launched propolis-based toothpaste and mouthwash.

Some of the prominent players in the propolis products market include:

– Apimed
– Propolia
– Nordic Naturals
– Nature’s Way
– NOW Foods
– Wakamoto Pharmaceutical Co Ltd
– HL Pharma
– Comvita Ltd
– Apis Flora
– Bee Health Ltd

Global Propolis Market Segmentation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global propolis products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Dietary Supplements
– Skin Care
– Oral Care
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Mass
– Premium

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

Frequently Asked Questions

Menu