Global Bee Propolis Extract Market was valued at USD 467.63 million in 2023 and expected to grow at a CAGR of 5.1% during the forecast period.
Bee propolis extract is a natural substance produced by honeybees. It is a resinous substance collected by bees from various plant sources and then mixed with beeswax and bee enzymes. Propolis has a long history of use in traditional medicine due to its antimicrobial, anti-inflammatory, antioxidant, and other beneficial properties. Bee propolis extract is typically sold as a dietary supplement or health food product. It is available in various forms, including capsules, tablets, liquid extracts, and throat sprays. The extract is usually standardized to a specific concentration of propolis, typically ranging from 2% to 30% or more.
Bee propolis extract is generally considered safe for most people when taken in recommended doses. However, people with bee allergies or asthma should exercise caution when using propolis, as it may cause an allergic reaction. It is always advisable to consult with a healthcare professional before taking any new dietary supplement or health food product.
The global bee propolis extract market is experiencing significant growth due to the rising demand for natural health supplements and increasing awareness about the health benefits of propolis extract. Propolis extract is known for its antimicrobial, anti-inflammatory, antioxidant, and other beneficial properties, making it a popular ingredient in dietary supplements, health foods, and cosmetics.
Get a Free Sample Copy of a Research Report: https://wemarketresearch.com/sample-request/bee-propolis-extract-market/357/
The potential health benefits of bee propolis extract are numerous and varied. Some of the most commonly reported benefits include:
- Boosting the immune system
- Supporting oral health and reducing the risk of dental caries and gum disease
- Improving skin health and wound healing
- Reducing inflammation and pain
- Providing antioxidant protection against oxidative stress
- Supporting digestive health and reducing the risk of stomach ulcers
Impact of COVID
The COVID-19 pandemic has had both positive and negative impacts on the bee propolis extract market.
On the positive side, there has been an increased demand for natural health supplements and immunity boosters during the pandemic, as people seek to strengthen their immune systems and protect themselves from illness. Bee propolis extract has been identified as a potential natural remedy for boosting immunity and reducing the risk of respiratory infections, which has led to an increased demand for the product.
On the negative side, the pandemic has disrupted global supply chains, causing delays in the production and distribution of bee propolis extract products. Additionally, the economic downturn caused by the pandemic has led to a decrease in consumer spending, which has impacted the sales of bee propolis extract products.
Market Segmentation:
Type Insights
Food grade: Food grade bee propolis extract is used as a natural food preservative, as well as an ingredient in various food and beverage products. This type of bee propolis extract is expected to hold a significant market share, driven by the increasing demand for natural and organic food products. It is also used in dietary supplements and functional foods. North America and Europe are the major markets for food grade bee propolis extract.
Pharmaceutical grade: Pharmaceutical grade bee propolis extract is used in the pharmaceutical industry for its various health benefits, such as anti-inflammatory, antioxidant, and anti-bacterial properties. This type of bee propolis extract is expected to hold a smaller market share, but it is expected to grow at a faster rate than food grade bee propolis extract. Asia-Pacific is expected to be the major market for pharmaceutical grade bee propolis extract due to the growing demand for natural health products and dietary supplements.
Application Insights
Pharmaceutical: Bee propolis extract is used in the pharmaceutical industry for its various health benefits, such as anti-inflammatory, antioxidant, and anti-bacterial properties. This application is expected to hold a significant market share, driven by the increasing demand for natural health products and alternative medicines. North America and Europe are the major markets for pharmaceutical bee propolis extract.
Dietary supplements: Bee propolis extract is also used in the dietary supplement industry due to its various health benefits. This application is expected to hold a significant market share, driven by the increasing demand for natural and organic health supplements. North America and Europe are the major markets for dietary supplement bee propolis extract.
Cosmetics: Bee propolis extract is used in the cosmetic industry for its anti-inflammatory and antioxidant properties. This application is expected to hold a smaller market share, but it is expected to grow at a faster rate due to the increasing demand for natural and organic cosmetic products. Asia-Pacific is expected to be the major market for cosmetic bee propolis extract.
Veterinary use: Bee propolis extract is also used in the veterinary industry for its various health benefits for animals. This application is expected to hold a smaller market share but is expected to grow at a moderate rate. North America and Europe are the major markets for veterinary use bee propolis extract.
Personal care: Bee propolis extract is also used in personal care products, such as toothpaste and mouthwash, due to its anti-bacterial properties. This application is expected to hold a smaller market share, but it is expected to grow at a moderate rate. North America and Europe are the major markets for personal care bee propolis extract.
Key Player:
Some of the major companies operating within the market are
Apis Global,
Bee Health,
Honeygreen, Happy Valley,
NaturaNectar,
BeePollen,
Beehive Botanicals,
Natural Factors,
BioProtec,
APITER,
Melland Ecogreen,
Hi-Tech Natural Products,
Xian Yuensun Biological Technology,
Global Apiaries
Regional Analysis:
North America: North America is a significant market for bee propolis extract, with the United States being the largest consumer of bee propolis products. The market growth is driven by the increasing demand for natural and organic products, as well as the growing awareness of the health benefits of bee propolis.
Europe: Europe is another significant market for bee propolis extract, with countries like Germany and the UK being the major consumers of bee propolis products. The market growth is driven by the increasing demand for dietary supplements and natural health products.
Asia-Pacific: The Asia-Pacific region is an emerging market for bee propolis extract, with countries like China, Japan, and India being the major consumers of bee propolis products. The market growth is driven by the increasing demand for natural health products and dietary supplements, as well as the growing awareness of the health benefits of bee propolis.
Latin America: Latin America is another emerging market for bee propolis extract, with countries like Brazil and Argentina being the major consumers of bee propolis products. The market growth is driven by the increasing demand for natural health products and dietary supplements, as well as the growing awareness of the health benefits of bee propolis.
Middle East & Africa: The Middle East and Africa region is a small market for bee propolis extract, with countries like South Africa being the major consumer of bee propolis products. The market growth is driven by the increasing demand for natural health products and dietary supplements.
Purchase Report: – https://wemarketresearch.com/purchase/bee-propolis-extract-market/357/?license=single
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
- Provision of market value (USD Billion) data for each segment and sub-segment.
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
- Provides insight into the market through Value Chain.
- Market dynamics scenario, along with growth opportunities of the market in the years to come.
- 6-month post-sales analyst support.
Key Points:
- Define, describe and forecast Bee Propolis Extract market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
Get the Detail Information: https://wemarketresearch.com/reports/bee-propolis-extract-market/357/
