The Latest Study Published by HTF MI Research on the “Propolis Market’’ evaluates market size, trend and forecast to 2030. The Propolis market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are Apis Flora (Brazil), Herb Pharm LLC (United States), Bee Health Limited (United Kingdom), YS Organic Bee Farms (United States), Comvita Ltd (New Zealand), Wax Green (China), Apiary Polenecter (Ukraine), Uniflora Health Foods (Brazil), Sunyata Pon Lee (South Korea), NOW Foods (United States).
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According to HTF Market Intelligence, the Global Propolis market to witness a CAGR of 5.47% during forecast period of 2024-2030. Global Propolis Market Breakdown by Application (Food and beverages, Healthcare, Personal care, Cosmetics, Other) by Type (Supercritical extraction co2 (sfe), Ethanol extracted propolis (eep), Glycol extracted propolis (gep), Other) by Product Type (Capsules and Tablets, Liquids, Creams, Other) by Category (Alcohol-Based, Alcohol-free) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2019 to 2023E. Currently, market value is pegged at USD 675.5 Million.
The propolis market refers to the commercial sector encompassing the production, distribution, and sale of propolis and propolis-based products. Propolis is a resinous substance produced by bees from tree sap, botanical sources, and their own secretions, which they use to seal gaps in their hives and protect against pathogens.
On 11th June 2023, Comvita, a leading Manuka honey brand, has launched Immune Bee Propolis, an innovative product containing double the amount of active ingredients in a single daily serving. This new offering from the reputed propolis provider aims to pr
Market Drivers
- Increasing awareness of propolis’s health benefits, such as its antibacterial and anti-inflammatory properties, drives demand.
Market Trend
- Rising online sales channels increase accessibility and market reach for propolis products.
Opportunities
- Expanding into emerging markets offers growth potential for propolis products.
Major Highlights of the Propolis Market report released by HTF MI
Global Propolis Market Breakdown by Application (Food and beverages, Healthcare, Personal care, Cosmetics, Other) by Type (Supercritical extraction co2 (sfe), Ethanol extracted propolis (eep), Glycol extracted propolis (gep), Other) by Product Type (Capsules and Tablets, Liquids, Creams, Other) by Category (Alcohol-Based, Alcohol-free) by Sales Channel (Online, Offline) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
· The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
· North America (United States, Mexico & Canada)
· South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
· Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
· Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Informational Takeaways from the Market Study: The report Propolis matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter’s five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development’s in the Market: This segment of the Propolis report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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Some of the important question for stakeholders and business professional for expanding their position in the Propolis Market:
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2023?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Propolis movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Propolis Market in 2023 and beyond?
Q 5. Who are the significant players confronting and developing in Propolis Market?
Propolis Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Propolis market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Propolis Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Propolis Market Production by Region
- Propolis Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Propolis Market Report: Overview, drivers and barriers
- Propolis Market Competition by Manufacturers
- Propolis Market Capacity, Production, Revenue (Value) by Region (2024-2030)
- Propolis Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Propolis Market Manufacturers Profiles/Analysis
- Propolis Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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