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Bee Propolis Extract Market Size, Industry Analysis Report By type (Food grade, Pharmaceutical grade), By application (Pharmaceutical, Dietary supplements, Cosmetics, Veterinary use, Personal care) & Region – Forecasts

  • PUBLISHED ON
  • 30/08/2022
  • NO OF PAGES
  • 263
  • CATEGORY
  • Agriculture

Market Overview

The 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.

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

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.

The market is segmented by form, application, and geography. By form, the market is segmented into capsules, tablets, liquid extracts, and throat sprays. By application, the market is segmented into immune system support, oral health, skin health, anti-inflammatory, and others.

North America is the largest market for bee propolis extract, followed by Europe and Asia Pacific. The growing demand for natural health supplements, increasing awareness about the health benefits of propolis extract, and the presence of key manufacturers in the region are driving the growth of the market in North America.

Overall, the bee propolis extract market is expected to continue to grow in the coming years, driven by increasing demand for natural health supplements and the expanding awareness of the health benefits of propolis extract.

Report Scope

Report Attributes

Description

Market Size in 2023

USD 467.63 Million

Market Forecast in 2031

USD 1,686.63 Million

CAGR % 2023-2031

5.1%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2031

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

by Type (Food Grade, Pharmaceutical Grade), By Application (Pharmaceutical, Dietary Supplements, Cosmetics, Veterinary Use, Personal Care)

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

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

 

 

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.

However, as the world recovers from the pandemic and economies stabilize, the demand for bee propolis extract is expected to continue to grow. Consumers are increasingly seeking natural health supplements and remedies, and the health benefits of bee propolis extract are becoming more widely recognized. The market is expected to rebound and continue its growth trajectory in the coming years.

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.

Regional Insights

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.

Overall, the bee propolis extract market is expected to experience significant growth globally, driven by the increasing demand for natural and organic products and the growing awareness of the health benefits of bee propolis.

Competitive Analysis

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. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for bee propolis extract globally.

Recent News

·         In June 2021, Life science and nutraceutical company Fytexia has announced its investment in B Natural, a company that specialises in brown propolis. Fytexia’s investment in B Natural will help the Italian company’s growth and development of new propolis products.

·         In November 2020, PLT Health Solutions has introduced New Propolis Extract for Immune Support.

 

 

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

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?

·         What is the COVID-19 impact on the market and how long will it take to recover?

·         Who are the key competitors of market Players?

·         What are the market share (%) of Key Players?

·         What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?

·         What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?

 

 

 

 


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