As per MRFR Analysis, the Global Propolis Market was valued at USD 0.6 Billion in 2023 and is projected to reach USD 1.0336 Billion by 2032, growing at a CAGR of 6.23% from 2024 to 2032. The market is driven by increasing demand in the pharmaceutical and healthcare sectors, particularly for dermatological treatments. The rising interest in antioxidant supplements and the therapeutic properties of propolis are also significant contributors to market growth. North America is expected to dominate the market, with a notable demand for propolis due to health concerns such as genital herpes. Europe follows as the second-largest market, driven by propolis's immune-boosting and digestive health benefits. The Asia-Pacific region is anticipated to grow at the fastest rate, fueled by rising disposable incomes and cancer incidence rates.
Key trends influencing the propolis market include rising health awareness and product innovation.
Apis Flora (Brazil), Sunyata Pon Lee (Brazil), Bee Health Limited (UK), Zhifengtang (China), Laprell's Beehive Products, Inc. (Canada), Apiário Polenectar (Brazil), Comvita (New Zealand), Wax Green (Brazil), Manuka Health New Zealand (New Zealand), Hi-Tech Natural Product India Ltd. (India)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The multifunctional benefits of antioxidants, notably the one that promotes youthful skin and facial aesthetics, have largely spurred consumer interest in foods and cosmetic items containing all sources of antioxidants, including the potentially increasing propolis. According to studies, propolis contains more than 300 distinct chemicals, the majority of which are polyphenols in various forms. Antioxidants like polyphenols aid the body's defence against illness and injury. Over the past few years, demand for supplements has increased significantly due to growing awareness of the health benefits provided by various supplements. For instance, sales of vitamins, minerals, and other nutritional supplements reached over CAD 1.17 billion in the fourth quarter of 2021, according to data released by Statistics Canada. Propolis also contains flavonoids, a type of polyphenol that is an excellent source of antioxidants. Since more consumers are eager to include antioxidants in their daily diets, it is projected that the ingredient's rising popularity in beauty and health supplements, propolis capsules, and extracts will gain momentum and experience a booming increase in sales throughout the forecast period.
Furthermore, the key drivers of the propolis market CAGR are the increase in interest in propolis in the medical services and medicine sectors, as well as the growth of awareness about its therapeutic characteristics. These elements are predicted to impact the propolis industry's growth and development in the next years. Major firms are offering propolis-based products to satisfy certain health demands. As a result, one of the primary elements driving propolis interest in the market is the many medical benefits and the ease of access to items containing propolis extracts.
Additionally, sales of natural products with immune-strengthening qualities are increasing due to the high mortality rate of coronavirus illness (COVID-19) and the lack of an antiviral cure. The market is expanding because propolis has powerful antibacterial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory activities. It is also abundant in antioxidants and bioactive chemicals. In addition, top producers provide a wide range of propolis-based product options to address various medicinal demands. They also spend money on packaging upgrades and marketing initiatives like celebrity sponsorships to keep their competitive edge and broaden their market reach. Thus, driving the propolis industry revenue.
The propolis market segmentation, based on product type includes capsules and tablets, spray, extract, and others. The capsules and tablets segment dominated the market. These are the most basic propolis product type, thus, buyers tend to favor them. These aid in boosting the immune system and are used to treat several disorders. Propolis capsules and tablets are also employed as a dietary food supplement, which will help the industry's sales even more.
The propolis market segmentation, based on category includes alcohol-based and alcohol-free. The alcohol-free segment dominated the market. There are numerous suppliers of propolis extracts today that are made without the use of alcohol. Usually, other solvents like water or glycerin are used to manufacture these items. Those who prefer alcohol-free formulations, including those who abstain from alcohol for religious or non-religious reasons, can find various alcohol-free propolis products to suit their needs. Furthermore, as alcohol can occasionally result in skin dryness or irritation, propolis products without alcohol may be better suited for topical treatments.
The propolis market segmentation, based on distribution channel, includes store based and non-store based. The store-based category generated the most income. Customer demand for the product is increasing as a result of the fact that stores offer a greater variety of propolis than any other type of distribution channel. The sector will increase over the evaluation period as a result.
Figure 1: Propolis Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American propolis market area will dominate this market because propolis is highly sought-after in the United States and Canada. The prevalence of genital herpes in the United States has increased its demand in this area. One of the top nations with the greatest rates of genital herpes and other herpes viruses is the United States. The industry is anticipated to have tremendous expansion throughout the forecast period due to rising import demand.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: PROPOLIS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe propolis market accounts for the second-largest market share. The capacity of propolis to strengthen the immune system, promote digestive health, and lessen wrinkles in adults are factors contributing to the growing demand for propolis in Europe. Additionally, propolis is a gluten-free substance that celiac disease patients can use. There were roughly 242 thousand instances of celiac disease in Italy in 2021, according to the Ministry of Health. These elements are essential in propelling the industry under study. Further, the German propolis industry held the largest market share, and the UK market for propolis was the fastest growing market in the European region
The Asia-Pacific Propolis Market is expected to grow at the fastest CAGR from 2023 to 2032. This is attributable to the increasing demand for propolis in this area. An increase in disposable income is also fueling market expansion. Additionally, rising cancer incidence rates are anticipated to hasten regional market expansion. The propolis is therefore anticipated to expand in this area over the course of the forecast period. Moreover, China’s propolis industry held the largest market share, and the Indian market for propolis was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the propolis market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, propolis industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the propolis industry to benefit clients and increase the market sector. In recent years, the propolis industry has offered some of the most significant advantages to market. Major players in the propolis market attempting to increase market demand by investing in research and development operations include Apis Flora (Brazil), Sunyata Pon Lee (Brazil), Bee Health Limited (UK), Zhifengtang (China), Laprell's Beehive Products, Inc. (Canada), Apiário Polenectar (Brazil), Comvita (New Zealand), Wax Green (Brazil), Manuka Health New Zealand (New Zealand), and Hi-Tech Natural Product India Ltd. (India).
Comvita New Zealand Limited sells food and medical supplies. The business sells honey, creams, lotions, jelly, vinegar, fish oil capsules, and oral care items. Comvita provides customer service. Comvita is a significant manufacturer of premium Honey and honey products in New Zealand. With independent beekeepers operating in outlying regions of the central North Island and Northland, Comvita develops close partnerships. With the aid of contemporary technology, the origin of every Comvita honey product can be verified, guaranteeing its transparency and purity. In March 2021, comvita's cutting-edge Wellness Lab immersive area in Auckland's Viaduct has officially launched.
Since its founding in 2006, Manuka Health has developed into a well-known New Zealand firm specializing in Manuka and Gourmet Honey, Royal Jelly, and Propolis. Manuka Health controls every step of the creation of their honey. Their 20,000 beehives are situated in secluded, pristine regions of New Zealand, and the gathering procedures make use of sustainable methods. Health and natural product manufacturers and retailers Manuka Health New Zealand Limited. The business sells natural honey-based toothpaste, skin care, immune protection, and other goods. Manuka Health provides services to clients around.
Propolis Industry Developments
On February 20, 2024, Apis Flora, one of the foremost suppliers of the bee derived materials announced the release of a new oral spray targeting colds and flu that is propolis based. The product markets itself through the use of propolis which is known for its antagonistic infections properties and will interact with health-oriented clientele.
In January 2024, NaturaNectar introduced a range of propolis supplements in gummy form which is ideal for kids and adults looking for an easily consumable immune booster. The gummies are available in berry and citrus and other flavours.
In December 2023, Comvita added certified organic varieties to its top end propolis extract line in an effort to appeal to the growing number of consumers interested in natural health products. This resulted in an expansion of the clean label health supplement market
In November 2023, UK-based BeeVital launched propolis extracts soluble in water for drinks and topical applications. This extends the use of propolis in the food industry and cosmetic businesses.
In October 2023, Apiario Silvestre, a Brazilian manufacturer of propolis announced it joining with a large pharmaceutical manufacturer to make throat lozenges with propolis for international sales.
In September 2023, Polenectar announced the improvement of their processes on the extraction of propolis, which led to the average percentage of bioactive compounds present being greater. Such changes are likely to strengthen the effectiveness of their health booster supplements.
In August 2023, YS Eco Bee Farms launched propolis honey sticks which are healthy and sweet and provide an easy way to snacking while also boosting immune system.
In July 2023, Arataki Honey launched a propolis line that includes skincare creams and serums that are rich in propolis which are claimed to be anti-inflammatory and antibacterial agents and beneficial for the skin.
| Attribute/Metric | Details |
| Market Size 2023 | USD 0.6 Billion |
| Market Size 2024 | USD 0.637 Billion |
| Â Market Size 2032 | USD 1.0336 Billion |
| Compound Annual Growth Rate (CAGR) | 6.23% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Category, Distribution Channel and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Apis Flora (Brazil), Bee Health Limited (UK), Apiário Polenectar (Brazil), Wax Green (Brazil), Zhifengtang (China), Comvita (New Zealand), Laprell's Beehive Products, Inc. (Canada), Manuka Health New Zealand (New Zealand), Sunyata Pon Lee (Brazil), Sunyata Pon Lee (Brazil), and Hi-Tech Natural Product India Ltd. (India) |
| Key Market Opportunities | Developing Awareness about Therapeutic Properties |
| Key Market Dynamics | Expanding Interest in Propolis in the Medical Services and Medicine Areas |
Propolis Market Highlights:
Frequently Asked Questions (FAQ) :
The propolis market size was valued at USD 0.6 Billion in 2023.
The market is projected to grow at a CAGR of 6.23% during the forecast period, 2024-2032.
North America had the largest share in the market.
The key players in the market are Apis Flora (Brazil), Bee Health Limited (UK), Sunyata Pon Lee (Brazil), Zhifengtang (China), Laprell's Beehive Products, Inc. (Canada), Comvita (New Zealand), Wax Green (Brazil), Apiário Polenectar (Brazil), Manuka Health New Zealand (New Zealand), and Hi-Tech Natural Product India Ltd. (India).
The capsules and tablets category dominated the market in 2023.
The store-based had the largest share in the market.
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Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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