The global propolis market is estimated to be valued at USD 683.5 Mn in 2024, growing at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031. Propolis is a resinous substance collected by honey bees from tree buds and sap which is used as a sealant for unwanted open spaces in the hive. It is a waxy substance with antibacterial, antiviral, and antifungal properties. With growing awareness about propolis as a functional ingredient in foods, dietary supplements, and personal care products, the global propolis market is witnessing steady growth. Propolis is known to boost immunity and aid respiratory health. The expanding nutraceuticals sector and demand for natural ingredients are driving increased production and commercial extraction of propolis.

Market Dynamics:

The global propolis market is driven by the increasing demand for natural and herbal products owing to rising health consciousness among consumers. Propolis acts as a potent antioxidant and studies show it supports overall wellness through anti-inflammatory properties. This is boosting its use in functional foods, dietary supplements, and cosmetic products. However, volatile agricultural costs and scarcity of raw materials pose challenges to market players. Market opportunities lie in research and development to develop standardized extraction processes and new application areas. Geographically, Asia Pacific is a major consumer as well as producer of propolis extracts owing to traditional use in Ayurveda and Chinese medicine.

 Key Features of the Study:

• This report provides an in-depth analysis of the global propolis market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global propolis market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include MN Propolis, Comvita Limited, API Health, B Natural, Bee Health Limited, Wax Green, Zhifengtang Pharmaceutical Co. Ltd., Ponlee, Ponlee Bee, Sunyata Pon Lee Bee, Zhonghong Biological Group Co., Ltd., Bee & Health Co. Ltd., Honey Pacifica, Honey Gardens, Beekeeper's Naturals, Beehive Botanicals Inc., Durham's Bee Farm, Y.S. Eco Bee Farms, Royal Jelly Australia, and NaturaNectar LLC.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global propolis market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global propolis market.

Detailed Segmentation-

• By Product Type:
  • Capsules and Tablets
  • Liquids
  • Creams
  • Other Product Types
• By Distribution Channel:
  • Retail Store
  • Online
  • Others 
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• MN Propolis
• Comvita Limited
• API Health
• B Natural
• Bee Health Limited
• Wax Green
• Zhifengtang Pharmaceutical Co. Ltd.
• Ponlee
• Ponlee Bee
• Sunyata Pon Lee Bee
• Zhonghong Biological Group Co., Ltd.
• Bee & Health Co. Ltd.
• Honey Pacifica
• Honey Gardens
• Beekeeper's Naturals
• Beehive Botanicals Inc.
• Durham's Bee Farm
• Y.S. Eco Bee Farms
• Royal Jelly Australia
• NaturaNectar LLC.