The propolis market was estimated to be worth USD 938.1 million globally in 2024, and it is expected to expand at a compound annual growth rate (CAGR) of 3.1% over the course of the forecast period. The primary driver of the market's expansion is the rising demand for propolis in the healthcare and pharmaceutical sectors. Propolis is frequently used to treat acne, burns, and other dermatological issues. The product is used to treat cancer because of its special ability to limit the growth of cancer cells. The product's pure form, which comes from the beehive, is quite uncommon.

Products containing propolis in the form of pills and capsules are commonly accessible and well-liked. It is widely accessible in liquid and pill form due to its ease of usage. The market for propolis-based products is growing as customers look for more natural alternatives to synthetic components, which is indicative of a larger movement toward holistic health and wellness. The focus on high-quality extraction techniques and product effectiveness further boosts consumer confidence and market expansion.

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Growth Drivers

Because of its antibacterial, antiviral, and anti-inflammatory qualities, propolis is becoming more and more popular as consumers demand natural products rather than manufactured ones. The primary driver of the market expansion is the rising demand for propolis in the pharmaceutical and cosmetics industries. In line with the clean beauty movement and customer preference for natural ingredients, propolis is frequently utilized in creams, lotions, and serums.

The demand for organic products is rising quickly as consumers in the modern day are more concerned about product purity. The main driver of the market's expansion is the rising need for propolis in veterinary and agricultural medicine. In addition to helping to maintain digestive health, propolis is a type of immunity booster. Propolis effectively reduces waist circumference in people with metabolic syndrome because of its antiviral qualities against respiratory viruses.

Segmentation

Propolis Market by Product Type Segmentation

·         Capsules and Tablets

·         Liquids

·         Others

Propolis Market by Distribution Channel Segmentation

·         Retail Store

·         Online

·         Others 

By Region

·         Asia-Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Key Players

·         Apis Flora

·         Herb Pharm LLC

·         Bee Health Limited

·         YS Organic Bee Farms

·         Comvita Ltd

·         Wax Green

·         Apiary Polenecter

·         Uniflora Health Foods

·         Sunyata Pon Lee

·         NOW Food

·         Other Players

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