The propolis industry is expanding due to rising demand for anti-oxidants. Propolis is becoming increasingly popular due to its therapeutic benefits. Moreover, researchers have discovered over 300 chemicals in propolis, the vast majority of which are polyphenols. Polyphenols have antioxidant properties that aid in disease prevention. Propolis contains polyphenols known as flavonoids, which are responsible for its high antioxidant content. The rising incidence of herpes simplex virus types 1 and 2 is expected to boost market growth. Side-effects such as allergies induced by propolis use are expected to limit market growth throughout the forecast period. The lack of standardisation among different brands is posing a hurdle to the worldwide propolis industry. This is projected to have a negative influence on market growth in the near future.
According to Coherent Market Insights, the global Propolis Market size was valued at USD 636.1 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.48% from 2022 to 2030.
Leading Companies in the Propolis Industry:
1. Herb Pharm LLC
Herb Pharm, LLC produces herbal extracts. The Company provides single herb extracts, herbal compounds, tonics, glycerites, oils and salves, capsules, and powders. Herb Pharm serves its clients in the United States. Founded in 1979.
2. Apis Flora
The company is headquartered in Ribeirão, Sao Paulo, Brazil. Founded in 1983. In 1983, the first propolis extract commercialized in Brazil was launched, the Propolis Apis Flora Extract.
3. Y.S. Organic Bee Farms
The company is located in Illinois, U.S. founded in 1985. The company has a credible reputation in the bee products market nationwide with four generations of hand-on beekeeping experience.
4. Comvita Ltd
Comvita Limited, together with its subsidiaries, engages in manufacturing and marketing natural health products in Australia, New Zealand, China, rest of Asia, North America, Europe, the Middle East, Africa, and internationally. The company offers Manuka honey, propolis, olive leaf extract, medihoney, gourmet honey, and elixirs and lozenges, as well as oral care and kids health products. Comvita Limited was incorporated in 1974 and is based in Te Puke, New Zealand.
5. Wax Green
The company is headquartered in São Paulo, Brazil. Since 2014 Wax Green has been researching various types of raw materials for product packaging and the benefits each one brings.
6. Uniflora Health Foods
Uniflora Nutraceutica Ltda was founded in August 1992, when a group of beekeepers worried about introducing their products directly to retail customers decided to change things. The company is headquartered in Florida, U.S.
7. Sunyata Pon Lee
The Brand PON LEE was created in 1986. SUNYATA PON LEE products are manufactured as per the Good Manufacturing Practice (GMP) and HACCP rules and standards and according to rigorous norms of hygiene and processing. The company is headquartered in Brazil.
8. NOW Foods
NOW Inc. distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations in the United States, Canada, and internationally. It offers its products under the DistributionNOW and DNOW brand names. The company was founded in 1862 and is headquartered in Houston, Texas.
9. Bio Botanica Inc. (Nature’s Answer)
Bio-Botanica, Inc. provides personal care products. The Company offers fruitanicals, puresterol, and other related products. Bio-Botanica serves customers worldwide. The company was founded in 1972, headquartered in New York, U.S.
*Definition- Propolis is a byproduct of bees' resin processing. This procedure can take place both within and outside the hive. Gram-negative and Gram-positive bacteria can be inhibited by propolis. The efficacy of propolis against these bacteria is primarily determined on the kind and concentration of propolis.
