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Propolis Market Size, Share & Trends Analysis Report By Product Type (Capsules and Tablets, Liquids), By Distribution Channel (Retail Store, Online), By Region (North America, Europe, APAC, CSA, MEA), And Segment Forecasts, 2022 - 2028

May 2022 | 80 pages | ID: PBD9EB1FB4F9EN
Grand View Research, Inc.

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Propolis Market Growth & Trends

The global propolis market size is expected to reach USD 746.4 million by 2028, registering a CAGR of 2.3% over the forecast period, according to a new report by Grand View Research, Inc. The increasing rate of herpes simplex virus type 1 and type 2 is a major factor propelling the market growth. These infections lead to cold sores and blisters, and are often painful, which, in turn, will drive the market.

As per the WHO report 2020, genital herpes infection plays important role in spreading HIV infection. The U.S. is among the leading countries that have a larger population with genital herpes. As per a survey carried out by the Centers for Disease Control and Prevention (CDC) in 2019, around 572,000 people were recorded with genital herpes infections.

The increasing demand for propolis in the pharmaceutical and healthcare industry is a major factor driving market growth. It is also used in various dermatology products which are used to treat burns, acne, fungal infection, and neurodermatitis. Propolis is also used in the preparation of ointments and cancer treatment as it helps in restricting the growth of cancerous cells and also in their multiplication.

The capsules and tablets segment contributed to the highest revenue share of 61.0% in 2021. These are widely preferred by the customers as it is the simplest product type of propolis. Propolis is available in various capsule and tablet forms in the market. These are used to treat various diseases and also help in boosting the immune system. Propolis capsules and tablets are also used as a dietary food supplement.

The online distribution channel segment is estimated to register the fastest CAGR of 2.7% from 2022 to 2028. Propolis can be purchased at a low price on an online distribution channel. It also offers various benefits such as discounts, coupon benefits, and other offers. Additionally, a variety of propolis products with different brands can be easily available on an online platform. Hence, the segment is estimated to show growth over the forecast period.

North America accounted for the largest revenue share of over 30.0% in 2021 due to the high demand for propolis in the U.S. and Canada. Due to increasing cases of genital herpes in the U.S., its demand is seen rising in this region. The U.S. is among the top leading countries that have the highest cases of genital herpes and other herpes viruses. Also, due to rising import demand, the industry is expected to witness momentous growth over the forecast period. In Asia Pacific, the market is expected to witness a CAGR of 2.7% from 2022 to 2028. This can be credited to the growing demand for propolis in this region.

Propolis Market Report Highlights
  • In Asia Pacific, the market is expected to register the fastest CAGR of 2.7% during the forecast period owing to the rising trend of propolis in countries including China and India
  • The capsules and tablets segment contributed to the highest revenue share of 60.0% in 2021 as these are widely preferred by the customers as it is the simplest product types of propolis
  • The retail store segment dominated the market and accounted for the highest revenue share of more than 70.0% in 2021 owing to its increasing preference among the customers
  • The online distribution channel segment is estimated to register the fastest CAGR of 2.7% from 2022 to 2028 as these products are available at low prices on the online platform

CHAPTER 1. METHODOLOGY & SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Purchased Database
  1.3.2. GVR’s Internal Database
  1.3.3. Secondary Sources & Third-Party Perspectives
  1.3.4. Primary Research
1.4. Information Analysis
  1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Product Type Outlook
2.3. Distribution Channel Outlook
2.4. Competitive Insights

CHAPTER 3. PROPOLIS MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
  3.3.1. Sales/Retail Channel Analysis
  3.3.2. Profit Margin Analysis
3.4. Market Dynamics
  3.4.1. Market Driver Analysis
  3.4.2. Market Restraint Analysis
  3.4.3. Industry Challenges
  3.4.4. Industry Opportunities
3.5. Business Environment Analysis
  3.5.1. Industry Analysis - Porter’s Five Forces
    3.5.1.1. Supplier Power
    3.5.1.2. Buyer Power
    3.5.1.3. Substitution Threat
    3.5.1.4. Threat from New Entrant
    3.5.1.5. Competitive Rivalry
3.6. Roadmap of Propolis Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19

CHAPTER 4. CONSUMER BEHAVIOR ANALYSIS

4.1. Consumer Trends & Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Type Adoption
4.4. Observations & Recommendations

CHAPTER 5. PROPOLIS MARKET: PRODUCT TYPE ESTIMATES & TREND ANALYSIS

5.1. Product Type Movement Analysis & Market Share, 2021 & 2028
5.2. Capsules & Tablets
  5.2.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
5.3. Liquids
  5.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
5.4. Others
  5.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)

CHAPTER 6. PROPOLIS MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2028
6.2. Retail Store
  6.2.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
6.3. Online
  6.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
6.4. Others
  6.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)

CHAPTER 7. PROPOLIS MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Movement Analysis & Market Share, 2020 & 2028
7.2. North America
  7.2.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
  7.2.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
  7.2.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.2.4. U.S.
    7.2.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.2.4.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.2.4.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
7.3. Europe
  7.3.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
  7.3.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
  7.3.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.3.4. Germany
    7.3.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.3.4.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.3.4.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.3.5. U.K.
    7.3.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.3.5.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.3.5.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.3.6. France
    7.3.6.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.3.6.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.3.6.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
7.4. Asia Pacific
  7.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
  7.4.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
  7.4.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.4.4. China
    7.4.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.4.4.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.4.4.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.4.5. Japan
    7.4.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.4.5.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.4.5.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
7.5. Central & South America
  7.5.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
  7.5.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
  7.5.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.5.4. Brazil
    7.5.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.5.4.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.5.4.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
7.6. Middle East & Africa
  7.6.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
  7.6.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
  7.6.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)
  7.6.4. South Africa
    7.6.4.1. Market Estimates & Forecast, 2017 - 2028 (USD Million)
    7.6.4.2. Market Estimates & Forecast, by Product Type, 2017 - 2028 (USD Million)
    7.6.4.3. Market Estimates & Forecast, by Distribution Channel, 2017 - 2028 (USD Million)

CHAPTER 8. COMPETITIVE ANALYSIS

8.1. Key Global Players, Recent Developments & Their Impact on the Industry
8.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Vendor Landscape
  8.3.1. Key Company Market Share Analysis, 2021

CHAPTER 9. COMPANY PROFILES

9.1. Herb Pharm LLC
  9.1.1. Company Overview
  9.1.2. Financial Performance
  9.1.3. Product Benchmarking
  9.1.4. Strategic Initiatives
9.2. Apis Flora
  9.2.1. Company Overview
  9.2.2. Financial Performance
  9.2.3. Product Benchmarking
  9.2.4. Strategic Initiatives
9.3. Bee Health Limited
  9.3.1. Company Overview
  9.3.2. Financial Performance
  9.3.3. Product Benchmarking
  9.3.4. Strategic Initiatives
9.4. YS Organic Bee Farms
  9.4.1. Company Overview
  9.4.2. Financial Performance
  9.4.3. Product Benchmarking
  9.4.4. Strategic Initiatives
9.5. Comvita Ltd
  9.5.1. Company Overview
  9.5.2. Financial Performance
  9.5.3. Product Benchmarking
  9.5.4. Strategic Initiatives
9.6. Wax Green
  9.6.1. Company Overview
  9.6.2. Financial Performance
  9.6.3. Product Benchmarking
  9.6.4. Strategic Initiatives
9.7. Apiary Polenecter
  9.7.1. Company Overview
  9.7.2. Financial Performance
  9.7.3. Product Benchmarking
  9.7.4. Strategic Initiatives
9.8. Uniflora Health Foods
  9.8.1. Company Overview
  9.8.2. Financial Performance
  9.8.3. Product Benchmarking
  9.8.4. Strategic Initiatives
9.9. Sunyata Pon Lee
  9.9.1. Company Overview
  9.9.2. Financial Performance
  9.9.3. Product Benchmarking
  9.9.4. Strategic Initiatives
9.10. NOW Foods
  9.10.1. Company Overview
  9.10.2. Financial Performance
  9.10.3. Product Benchmarking
  9.10.4. Strategic Initiatives

LIST OF TABLES

1. Propolis Market - Key Market Driver Analysis
2. Propolis Market - Key Market Restraint Analysis
3. Global Propolis Market Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
4. Global Propolis Market Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
5. North America Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
6. North America Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
7. North America Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
8. U.S. Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
9. U.S. Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
10. U.S. Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
11. Europe Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
12. Europe Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
13. Europe Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
14. Germany Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
15. Germany Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
16. Germany Propolis Market Revenue Estimates & Forecast By Distribution Channel, 2017 - 2028 (USD Million)
17. U.K. Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
18. U.K. Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
19. U.K. Propolis Market Revenue Estimates & Forecast By Distribution Channel, 2017 - 2028 (USD Million)
20. France Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
21. France Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
22. France Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
23. Asia Pacific Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
24. Asia Pacific Propolis Market Revenue Estimates & Forecast By Product Type, 2017 - 2028 (USD Million)
25. Asia Pacific Propolis Market Revenue Estimates & Forecast By Distribution Channel, 2017 - 2028 (USD Million)
26. China Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
27. China Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
28. China Propolis Market Revenue Estimates & Forecast By Distribution Channel, 2017 - 2028 (USD Million)
29. Japan Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
30. Japan Propolis Market Revenue Estimates & Forecast By Product Type, 2017 - 2028 (USD Million)
31. Japan Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
32. Central & South America Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
33. Central & South America Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
34. Central & South America Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
35. Brazil Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
36. Brazil Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
37. Brazil Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
38. Middle East & Africa Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
39. Middle East & Africa Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
40. Middle East & Africa Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
41. South Africa Propolis Market Estimates & Forecast, 2017 - 2028 (USD Million)
42. South Africa Propolis Market Revenue Estimates & Forecast by Product Type, 2017 - 2028 (USD Million)
43. South Africa Propolis Market Revenue Estimates & Forecast by Distribution Channel, 2017 - 2028 (USD Million)
44. Vendor landscape

LIST OF FIGURES

1. Propolis Market Snapshot
2. Propolis Market Segmentation & Scope
3. Propolis Market Penetration & Growth Prospect Mapping
4. Propolis Market Value Chain Analysis
5. Propolis Market Dynamics
6. Propolis Market Porter's Five Forces Analysis
7. Propolis Market: Product Type Movement Analysis
8. Propolis Market: Distribution Channel Movement Analysis
9. Propolis Market: Regional Movement Analysis


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