Propolis Market Overview
Propolis Market was valued US$ 0.66 Bn in 2022 and is expected to reach US$ 0.96 Bn by 2029, at a CAGR of 5.48% during the forecast period.
Propolis Market Scope and Methodology
The report’s estimation of the Propolis Market was produced using the bottom-up methodology. Data were gathered using primary and secondary data sources. While the secondary sources include a combination of analyses of the annual and financial reports of leading manufacturers, the primary source involved interviews with important market leaders and industry professionals, including business owners and marketing specialists. Market penetration may be better understood by conducting local, regional, and global competitive landscape, demand, and regional analyses. The probable effects of microeconomic variables on the market for polyurethane foam were discussed in the research together with the Porter and PESTLE Analysis. PORTER is used to assess the level of competition, whereas SWOT analysis is used to pinpoint the market’s risks and vulnerabilities.
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Propolis Market Regional Insights
According to region, Asia Pacific will continue to dominate the worldwide market in 2022 and is predicted to do so throughout the projected period. Brazil and China are reportedly two of the biggest manufacturers. Brazil exports the majority of its propolis to Japan, where the market has expanded steadily. Other significant producers are the US, Spain, Argentina, Chile, Romania, and Russia. According to this study, between 1,800 and 2,400 tons of raw propolis are produced commercially each year.
Propolis Market Segmentation
The healthcare industry held a sizeable market share in 2022, according to the application segment, and this trend is anticipated to continue during the forecast period. The healthcare industry will depend significantly on factors like propolis’ antifungal, antibacterial, and antioxidative properties to preserve its market position. The worldwide propolis market study also examines elements like the advantages of ingesting propolis for health, the availability of propolis dietary food supplements, and the growing popularity of online purchasing.
by Form
Capsules
Sprays
Extracts
by Alcohol content
Alcohol-containing
Alcohol-free
by Application
Food and Beverages
Healthcare
Personal Care and Cosmetics
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Propolis Market Key Players
1.Apis Flora
2.Wax Green
3.Comvita Limited
4.MN Propolis
5.Apiario Polenectar
6.King’s Gel
7.Evergreen Healthfoods Ltd.
8.Sunyata Pon Lee
9.Polenectar
10.Ponlee
11.Uniflora
12.Manuka Health New Zealand
13.Zhifengtang
14.Wang’s
15.Bricaas
16.Beijing Baihua Apiculture Technology Development Corp.
17.Beewords
18.Zhonghong Biological
19.Baoshengyuan
20.Jiangshan Hengliang
21.Health & Love
22.Hongfa
23.Jiangsu Rigao Bee Products
Key questions answered in the Propolis Market are:
- What is the market for polyurethane foam?
- What will the market size for polyurethane foam be in 2022?
- What are the various Propolis Market segments?
- What expansion plans are the participants planning to strengthen their position in polyurethane foam?
- What are the anticipated Propolis Market applications and trends?
- What are the current business trends that the Propolis Market may use to create new sources of income?
- Who are the major market participants for polyurethane foam?
- What industries is the Propolis Market covering?
- What are the portfolios of the top firms in the Propolis Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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