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Propolis Market Growth Rate & Industry Challenge in 2029

Submitted by Sarthak on Thu, 04/20/2023 - 02:27

Data Bridge Market Research analyses that the propolis market was valued at USD 829.23 million in 2021 and is expected to reach the value of USD 1352.91 million by 2029, at a CAGR of 6.31% during the forecast period of 2022 to 2029.

Propolis Market study analyses the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. Moreover, businesses can gain insights into profit growth and sustainability program with this report. The winning Propolis Market analysis report also includes detailed profiles of market’s major manufacturers and importers who are dominating the market.

Propolis Market Scope:

The propolis market is segmented on the basis of product type, category, distribution channel, application and type. 

Product type

Capsules & tablets
Spray
Extract
Others

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Some of the key questions answered in this report:

How has the Propolis Market performed so far and how will it perform in the coming years?

What has been the impact of COVID-16.8 on the Propolis Market?
What are the key regional markets?
What is the breakup of the market based on the procedure?
What is the breakup of the market based on the injury location?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the Propolis Market and who are the key players?
What is the degree of competition in the industry?

 

Market Analysis and Insight:  Propolis Market 

Propolis is a natural safeguard framework created by bumble bees to protect their hive from contamination. It functions as a repairman and, as a result, keeps the microbial development inside the hive under control. Because of propolis's broad antibacterial, antifungal, antiviral, cytotoxic, calming, and cancer prevention agent properties, it is widely used in the personal care, pharmaceutical, and food and beverage industries.

Market Definition

Propolis is a resinous mixture produced by honey bees from various portions of plants, buds, and exudates. Pollen, waxes, essential oils, flavonoids and phenolic acids, and different chemical substances such as sugars, steroids, vitamins, ketones, lactones, benzoic acid, and fatty acid esters are commonly found in it. It is hard, brittle, and lipophilic, but when heated, it softens, becomes flexible, gummy, and sticky. It has a nice and distinctive aromatic fragrance and ranges in color from yellow-green to dark brown according on age and origin. Propolis is extensively used to improve the immune system since it contains antioxidants, anesthetics, and wound healing capabilities.

Propolis Market - Regional Level Analysis

The countries covered in the Propolis Market report are U.S., Canada and Mexico in North America, Peru, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

Propolis Market - Share Analysis: 

The propolis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to propolis market.

Key player - Propolis Market  

Some of the major players operating in the propolis market are:

Apiário Polenectar (Brazil)
Sunyata Pon Lee (Brazil)
Apis Flora (Brazil)
Sunyata Pon Lee (Brazil)
Bee Health Limited (UK)
Zhifengtang (China)
Laprell's Beehive Products, Inc. (Canada)
Comvita Limited and its subsidiaries (New Zealand)
Wax Green (Brazil)
Manuka Health New Zealand (New Zealand)

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 MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: Propolis Market Share by Product & Procedure type

 

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