BEE PROPOLIS EXTRACT MARKET ANALYSIS

Bee Propolis Extract Market, By Type of Product (Liquid Bee Propolis Extract, Powder Bee Propolis Extract, Capsule/Tablet Bee Propolis Extract), By Application (Food and Beverages, Dietary Supplements, Pharmaceuticals, Cosmetics and Personal Care), By Distribution Channel (Online Retail, Offline Retail, Health Stores, Drugstores, Supermarkets/Hypermarkets, Specialty Stores), By Packaging Type (Bottles, Jars, Tubes, Sachets), By Form (Raw Bee Propolis Extract, Standardized Bee Propolis Extract), By Nature (Conventional Bee Propolis Extract, Organic Bee Propolis Extract), By Functionality (Immune System Support, Anti-Inflammatory, Antioxidant, Wound Healing, Skin Health), By Sales Channel (Business-to-Consumer (B2C), Business-to-Business (B2B)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Bee Propolis Extract Market Regional Insights

North America is the largest market for bee propolis extract, accounting for a market share of over 35% in 2023 The high demand for bee propolis extract in this region is driven by the increasing awareness of its health benefits, such as its ability to boost the immune system, fight infections, and reduce inflammation. The U.S. is the largest market for bee propolis extract in North America, followed by Canada.
Europe is the second-largest market for bee propolis extract, accounting for a market share of over 25% in 2023. The increasing demand for natural and organic products is driving the growth of the bee propolis extract market in this region. Germany, France, and the U.K. are the major markets for bee propolis extract in Europe.
Asia Pacific is the third largest market for bee propolis extract, accounting for a market share of over 20% in 2023. The growing demand for natural health products and dietary supplements is driving the growth of the bee propolis extract market in this region. China, India, and Japan are the major markets for bee propolis extract in AsiaPacific.

Figure 1. Global Bee Propolis Extract Market Share (%), by Region, 2023