IMARC Group, a leading market research company, has recently released a report titled "Propolis Market Report by Product Type (Capsules and Tablets, Liquids, Creams, and Others), Category (Alcohol-based, Alcohol-free), Distribution Channel (Supermarkets and Hypermarkets, Pharmacies and Drugstores, Online Stores, and Others), Application (Food and Beverages, Healthcare, Personal Care and Cosmetics, and Others), and Region 2025-2033." The study provides a detailed analysis of the industry, including the global propolis market size, share, trends, growth and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Propolis Market Overview
The global propolis market size reached USD 731.9 Million in 2024. The market is projected to reach USD 1,099.6 Million by 2033, expanding at a compound annual growth rate (CAGR) of 4.4% during the forecast period from 2025 to 2033. Growth is driven by rising demand for natural products, increasing pharmaceutical industry expansion, and growing interest in natural remedies and homeopathic products.
Study Assumption Years
- Base Year: 2024
- Historical Years: 2019-2024
- Forecast Period: 2025-2033
Propolis Market Key Takeaways
- Current Market Size: USD 731.9 Million in 2024
- CAGR: 4.4%
- Forecast Period: 2025-2033
- Market growth is supported by government regulations promoting natural products and the growing interest in bee products and apitherapy.
- Expansion in pharmaceutical industry and rising use of propolis in dietary supplements are key growth drivers.
- Consumer preference for natural health products and supplements including antioxidants is increasing.
- Europe leads the global propolis market, driven by strong preference for natural and organic health products and a well-established cosmetic industry.
- Challenges include limited consumer awareness in emerging markets and product quality variations affecting trust.
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Market Growth Factors
Propolis market growth is significantly fueled by the rising worldwide demand for natural and organic products across various sectors, including food and beverages, cosmetics, and pharmaceuticals. Increasing consumer preference for propolis stems from its perceived health benefits such as antimicrobial and anti-inflammatory properties, boosting adoption rates globally. Moreover, government regulations promote the use of natural products, providing a supportive environment that accelerates market expansion.
The rising awareness regarding the therapeutic attributes of propolis, especially its application in dietary supplements and pharmaceutical products, is another critical growth driver. Propolis is incorporated widely in dermatology for treating burns, acne, fungal infections, and neurodermatitis. It also finds usage in ointments and cancer treatment by inhibiting growth and multiplication of cancer cells. Such increasing use in healthcare applications underscores positive market prospects.
Additionally, growing consumer interest in antioxidants supplements enhances the popularity of propolis, which is rich in flavonoids, a type of polyphenol with antioxidant properties. The product's multifaceted benefits, particularly in beauty and health supplements, capsules, and extracts, suggest an increasing consumption trend. The expansion of e-commerce channels further boosts market growth by enhancing availability and consumer access.
Market Segmentation
Breakup by Product Type:
- Capsules and Tablets: Leading segment due to ease of use, effectiveness, and role as dietary supplements supporting immune system strength.
- Liquids
- Creams
- Others
Breakup by Category:
- Alcohol-based: Largest share due to higher active compounds, use in tinctures and topical formulations, stability, and longer shelf life.
- Alcohol-free
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Pharmacies and Drugstores: Major segment expanding consumer access with product availability and educational support from staff.
- Online Stores
- Others
Breakup by Application:
- Food and Beverages
- Healthcare: Largest segment driven by natural treatment endorsements and integration into medical treatments for various conditions.
- Personal Care and Cosmetics
- Others
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe dominates the Propolis market, holding the largest market share. The region's strong preference for natural and organic health products and its established cosmetic and personal care industries significantly contribute to this leadership. Advanced extraction techniques and innovative formulations in Europe enhance product quality and availability. Consumer awareness about benefits like antimicrobial and anti-inflammatory properties further sustains demand growth in this region.
Recent Developments & News
- May 02, 2023: Fytexia, an ABF Ingredients company, acquired Vital Solutions, a German natural science-based ingredients company focused on dietary supplements and functional foods, enhancing its leadership in polyphenols for gut and cognitive health.
- Jan 02, 2023: BEE'O Propolis announced plans to expand exports to over 100 countries in five years, driven by innovative natural propolis extracts and apicultural formulas fostering global market growth.
Key Players
- Apiário Polenectar
- Apis Flora
- Bee Health Limited (INW)
- Comvita Limited
- Herb Pharm
- Manuka Health New Zealand
- Natural Factors Nutritional Products Ltd.
- NaturaNectar
- NOW Foods
- Nutraceutical International Corporation
- Sunyata Alternative Products Ltd
- Uniflora Nutraceutica Ltda
- Wax Green
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