Product Code: PM3736
The global propolis market size is expected to reach USD 954.37 million by 2032, according to a new study by Polaris market research. The report "Propolis Market Share, Size, Trends, Industry Analysis Report, Product Type (Capsules and Tablets, Liquids, Others), By Distribution Channel (Retail Store, Online, Others), By Region, And Segment Forecasts, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Market is experiencing significant growth due to the increasing prevalence of herpes simplex virus type 1 & type 2 infections. These infections are responsible for causing cold sores and painful blisters, which are driving the demand for related products in the market. Notably, genital herpes infection has been recognized as playing a significant role in the transmission of HIV infection, as reported by the WHO, in 2020.
The U.S. stands out as one of the leading countries with a substantial population affected by genital herpes. In a survey conducted by the Centers for Disease Control and Prevention (CDC) in 2019, approximately 572,000 people were recorded to have genital herpes infections in the country. This high prevalence further emphasizes the importance of addressing the demand for products that can help manage and alleviate symptoms associated with herpes infections.
Increasing consumer preference for certified organic products has prompted manufacturers to address concerns regarding the presence of metals, impurities, & microbial contamination in their offerings. As a result, many manufacturers are now labeling their propolis products as organic. For instance, Herbiolys Laboratoire, a domestic producer and marketer of propolis in France, has labeled its product as both vegan & organic. These initiatives by industry players have gained the trust of consumers and contributed to the flourishing growth of the market.
Market growth is being fueled by the rising demand for propolis in the pharmaceutical and healthcare industry. Additionally, propolis finds applications in various dermatology products, effectively treating burns, acne, fungal infections, and neurodermatitis. Moreover, propolis is employed in the preparation of ointments and is being studied for its potential in cancer treatment, as it exhibits properties that can restrict the growth and multiplication of cancerous cells.
Various forms of propolis, such as capsules and tablets, are readily available in the market. These products are widely used to treat various diseases and are recognized for their ability to boost the immune system. Additionally, propolis capsules and tablets are popularly consumed as dietary food supplements. The accessibility and convenience of retail stores further enhance the demand for propolis among consumers. Customers can easily find propolis products in supermarkets, pharmacies, health stores, and other retail outlets, which leads to higher sales in this distribution channel.
Propolis Market Report Highlights
Capsules & tablets segment held the largest share, as they are the preferred choice among consumers and health practitioners
Retail stores dominated the market, owing to the discount being offered by the consumers
APAC region will grow at the rapid pace, owing to huge population seeking better treatment options
The global key market players include: Apiary Polenecter, Apis Flora, Herb Pharm, Uniflora Health Foods, Bee Health, Wax Green, Sunyata Pon Lee, an NOW Foods
Polaris market research has segmented the propolis market report based on product type, distribution channel, and region:
Propolis, Source Outlook (Revenue - USD Million, 2023 - 2032)
- Capsules And Tablets
- Liquids
- Others
Propolis, Distribution Channel Outlook (Revenue - USD Million, 2023 - 2032)
- Retail Store
- Online
- Others
Propolis, Regional Outlook (Revenue - USD Million, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Propolis Market Insights
- 4.1. Propolis Market - Industry Snapshot
- 4.2. Propolis Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising health awareness
- 4.2.1.2. Growing use of propolis in functional food and beverages
- 4.2.2. Restraints and Challenges
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Propolis Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Propolis Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Propolis, by Product Type, 2019-2032 (USD Million)
- 5.3. Capsules And Tablets
- 5.3.1. Global Propolis Market, by Capsules And Tablets, by Region, 2019-2032 (USD Million)
- 5.4. Liquids
- 5.4.1. Global Propolis Market, by Liquids, by Region, 2019-2032 (USD Million)
- 5.5. Others
- 5.5.1. Global Propolis Market, by Others, by Region, 2019-2032 (USD Million)
6. Global Propolis Market, by Distribution Channel
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 6.3. Retail Store
- 6.3.1. Global Propolis Market, by Retail Store, by Region, 2019-2032 (USD Million)
- 6.4. Online
- 6.4.1. Global Propolis Market, by Online, by Region, 2019-2032 (USD Million)
- 6.5. Others
- 6.5.1. Global Propolis Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Propolis Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Propolis Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Propolis Market - North America
- 7.3.1. North America: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3.2. North America: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.3.3. Propolis Market - U.S.
- 7.3.3.1. U.S.: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.3.4. Propolis Market - Canada
- 7.3.4.1. Canada: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4. Propolis Market - Europe
- 7.4.1. Europe: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.2. Europe: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.3. Propolis Market - UK
- 7.4.3.1. UK: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.3.2. UK: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.4. Propolis Market - France
- 7.4.4.1. France: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.4.2. France: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.5. Propolis Market - Germany
- 7.4.5.1. Germany: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.6. Propolis Market - Italy
- 7.4.6.1. Italy: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.7. Propolis Market - Spain
- 7.4.7.1. Spain: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.8. Propolis Market - Netherlands
- 7.4.8.1. Netherlands: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.4.9. Propolis Market - Russia
- 7.4.9.1. Russia: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5. Propolis Market - Asia Pacific
- 7.5.1. Asia Pacific: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5.3. Propolis Market - China
- 7.5.3.1. China: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.3.2. China: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5.4. Propolis Market - India
- 7.5.4.1. India: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.4.2. India: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5.5. Propolis Market - Malaysia
- 7.5.5.1. Malaysia: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5.6. Propolis Market - Japan
- 7.5.6.1. Japan: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5.7. Propolis Market - Indonesia
- 7.5.7.1. Indonesia: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.5.8. Propolis Market - South Korea
- 7.5.8.1. South Korea: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.6. Propolis Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.6.3. Propolis Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.6.4. Propolis Market - UAE
- 7.6.4.1. UAE: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.6.5. Propolis Market - Israel
- 7.6.5.1. Israel: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.6.6. Propolis Market - South Africa
- 7.6.6.1. South Africa: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.7. Propolis Market - Latin America
- 7.7.1. Latin America: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.2. Latin America: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.7.3. Propolis Market - Mexico
- 7.7.3.1. Mexico: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.7.4. Propolis Market - Brazil
- 7.7.4.1. Brazil: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Propolis Market, by Product Type, 2019-2032 (USD Million)
- 7.7.5. Propolis Market - Argentina
- 7.7.5.1. Argentina: Propolis Market, by Distribution Channel, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Propolis Market, by Product Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Apis Flora
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Apiary Polenecter
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Bee Health
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Comvita
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Herb Pharm
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. NOW Foods
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Sunyata Pon Lee
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Uniflora Health Foods
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Wax Green
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. YS Organic Bee Farms
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development