health benefits of consuming propolis is driving the Propolis Market

Latest News:- Propolis Market: Healthcare is expected to lead the Application segment during 2024-2028

Technavio analyzes that the Propolis Market is expected to grow at a CAGR of 3.75% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 135.13 million.There are various factors that contribute to the growth of the market. Propolis, a resin-like substance produced by bees, offers numerous health benefits when consumed. Rich in polyphenols and flavonoids, propolis exhibits potent antioxidant properties, protecting cells from damage caused by free radicals. It also possesses antimicrobial, anti-inflammatory, and immune-boosting properties, making it an effective remedy for common ailments such as colds, sore throats, and gum infections. Regular consumption of propolis can strengthen the immune system, improve oral health, and promote overall wellness.

Propolis, a natural resin produced by honey bees, is a valuable commodity in the healthcare industry due to its pharmacological and biological properties. This resinous mixture, derived from various plant substances, comprises resin, wax, essential oils, pollens, and minerals, making it a potent antimicrobial agent. In the global market, propolis is utilized extensively for manufacturing drugs used to treat ailments such as diabetes, throat cancer, oral health issues, and tuberculosis. Vendors like Bee Health Ltd. offer propolis-based products, such as their vitamin C and zinc tablets, which contain bioflavonoids, further enhancing their therapeutic benefits. The demand for propolis in healthcare is driven by its ability to combat microbial contamination and impurities, making it an essential ingredient in numerous health and wellness applications. 

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Propolis Market Segmentation

• Application
  • Healthcare
  • Personal care and cosmetics
  • Food and beverages
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Apis Flora Industrial e Comercial Ltda.
• Associated British Foods Plc
• Bio Botanica Inc.
• Comvita Ltd.
• Country Life Vitamins LLC
• Hi Tech Natural Products India Ltd
• iHerb LLC
• INW Manufacturing LLC
• Laprell Beehive Products Inc.
• Manuka Health New Zealand Ltd.
• Natural Factors Nutritional Products Ltd.
• NaturaNectar LLC
• Natures Goodness Australia
• NOW Health Group Inc.
• Nutraceutical Corp.
• Sunyata Productos Alternativos Ltda.
• Uniflora Nutraceutica Ltda.
• Wax Green USA
• YS Organic Bee Farms
• Herb Pharm

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Research Analysis Overview

Propolis, a resin-like substance produced by bees using the sap of trees, is renowned for its immune-boosting properties. Rich in polyphenols, flavonoids, phenolic acids, terpenes, and antioxidants, it acts as an antimicrobial, anti-inflammatory, and antioxidant agent. Beekeepers collect this valuable substance for use in health supplements, particularly Red Bee Propolis. Its benefits extend to digestive health, wound healing, wrinkle reduction, and even treatment for celiac disease and allergic reactions. The elderly population, particularly, can benefit from its cold treatment, sore throat relief, dental cavities prevention, and skin injuries healing properties. The pharmaceuticals industry recognizes its potential and continues to explore its uses in various health applications.

Market Research Overview

The global propolis market is identified as a segment within the larger packaged foods and meats market, falling under the food products sector of the food, beverage, and tobacco industry, according to Technavio's market research. This market encompasses food processing entities that focus on eliminating microorganisms and enhancing shelf life. The market's size is determined by the consolidated revenue generated by the participating vendors. It is essential to note that this market does not include manufacturers of food processing equipment or producers of packaged alcoholic and non-alcoholic beverages, excluding mineral waters. Propolis, a bee product, is renowned for its immune-boosting and antioxidant properties, derived from polyphenols. Beekeepers collect this resin-like substance from beehives, and it is often used as a natural wound healer.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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