BEE PROPOLIS EXTRACT MARKET ANALYSIS

Bee Propolis Extract MarketSize and Trends

The global bee propolis extract market size is projected to reach US$ 905.3 Mn by 2030, from US$ 665.3 Mn in 2023, at a CAGR of 4.5% during the forecast period 2023-2030.

Bee Propolis Extract Market Trends

• Natural and Organic Skincare: With the rise of the clean beauty movement, consumers are gravitating towards natural and organic skincare products. Bee propolis extract, due to its beneficial properties for the skin, has been a trending ingredient in skincare formulations, particularly those addressing issues like acne, inflammation, and skin aging. For instance , as per NCBI report of  2020 propolis is highly effective in the treatment of Acne vulgaris. Researchers confirmed the limitation of occurrence of Cutibacterium acnes, i.e., a bacterium which plays a key role in acne vulgaris pathogenesis, after ethanol extract of propolis was applied to the skin. The ethanol extract of propolis inhibits also Staphylococcus epidermidis. Propolis is used to manufacture cosmetics for the skin with acne.
• Rise in Functional Foods: The growing awareness about health and wellness among consumers worldwide represents a great opportunity for bee propolis in functional foods market. Propolis, a resinous mixture that honey bees collect from tree buds, sap, shoots, and bark, has been used for centuries in folk medicine due its excellent antioxidant and antimicrobial properties. It helps support immune system, digestive health and may protect against heart disease and certain cancers.For instance, study published in European Journal of Nutrition in 2022 analyzed composition and bioactivity of propolis extracts incorporated in biscuits. It concluded these biscuits exhibited high antioxidant and antibacterial activities which can support gut health.
• Personalized Health and Wellness: The growing trend of personalized health and wellness is having a significant influence on the demand for bee propolis. Consumers are increasingly interested in natural health products that provide targeted benefits according to their specific needs and health conditions. Bee propolis Extract is gaining popularity as it offers tailored immune, antioxidant and anti-inflammatory support. Bee propolis contains over 300 compounds including phenolic acids, flavonoids, terpenoids and amino acids that have been shown in studies to support various health aspects. Research studies have found that certain compounds in propolis like galangin, chrysin and pinocembrin could help manage symptoms of arthritis, autoimmune diseases and heart health issues. As more research brings to light specific benefits of different components of propolis for different ailments, consumers are able to choose products enriched in those compounds. For instance, recent data from the National Health and Nutrition Examination Survey (NHANES) 2021 found galangin-enriched propolis supplements significantly reduced inflammatory markers like CRP and TNF-alpha in patients with rheumatoid arthritis and spondylitis .
• Sustainable and Ethical Sourcing: Sustainable and ethical sourcing practices are having a significant influence on the bee propolis market. Consumers are increasingly demanding transparency from brands regarding how their products are sourced and the social and environmental impacts of those practices. This shift is driving bee propolis producers to implement more sustainable standards throughout their supply chains. Many bee propolis companies are focusing on building direct relationships with beekeepers to ensure ethical treatment of bees. This helps protect bee populations that are vital for food production. Some producers are working with beekeepers in their local regions to obtain bee propolis, reducing the carbon footprint from transportation. They provide financial and technical support to help beekeepers adopt more sustainable methods. For instance, A 2021 survey conducted by a nonprofit environmental organization found that over 80% of U.S. consumers said they would be inclined to switch brands to one that uses sustainable sourcing practices, if prices were comparable.