Propolis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Propolis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : August, 2020 | Food and Beverages | PPT format

Report Digest


Propolis Market: An Overview

The propolis market is expected to witness robust growth during 2018-2026. Propolis is a drug on the rise for a wide variety of assumed and proven benefits. Propolis embeds a special compound called pinocembrin. This flavonoid works as an antifungal with its anti-inflammatory properties and antimicrobial properties. The medicine is widely used for its ability to help heal major wounds. Studies continue to support the use of propolis to treat severe burn victims. The drug also trends popularly, thanks to its mythical properties arising from folk lore. Many people also believe it is helpful in curing cancer. While these beliefs are not yet confirmed with research, both the beliefs and actual benefits continue to drive significant growth for the propolis market.

Propolis Market: Notable Developments

Wedderspoon, one of the largest honey brand in the United States has launched a new line of Propolis products. These health honey products are throat sprays are a new line of natural products which are rising in demand worldwide. The sprays are touted as functional well product lines. These sprays are marketed as soothing for throats, and supportive to growth of the immune system. The rising health consciousness, and rising demand for natural products like these are expected to create major opportunities for players in the propolis market in the near future.

An international team of researchers have made a significant discovery that can change the fortunes of several players in the propolis market in the near future.  These researchers have found that adding 4kg-1 to the diets of fishes resulted in best survival rates in cold climatic conditions. This study published in Aquculture journal was conducted by researchers from the National institute of Ocanography and Fisheries. The study experimented with Nile Tilapia fish. The rising demand for fish products, and growing threats of extinctions to various fish species is a major concern for the fishing industry worldwide. This study and potential of propolis use in the industry is a major potential upturn for the propolis market.

The Global Propolis Market: Drivers and Restraints

The global propolis market is expected to witness robust growth in the near future, thanks to rising demand for alternative medicine, growing demand for natural food products, and increased reliance on the substance for a wide variety of medical needs. The rising cases of burn victims due to rising instances of forest fires and urban fire outbreaks are also a major factor boosting demand in the propolis market. The demand from the healthcare sector for treating severe burn wounds is likely to rise in the near future. Additionally, propolis is also used for a variety of common conditions like treating sore throats, soothing voice chords, etc. The increasing reliance, the cost-effectiveness of alternative treatments, and increasing move by patients to prefer alternative healthcare options at retail clinics are expected to remain major drivers of growth.

The Global Propolis Market: Geographical Analysis

The global propolis market is expected to witness major growth in North America region. The growing demand for alternative medicine, growing demand for natural food products, and increasing awareness of the substance are expected to drive significant growth. The propolis market is also expected to register significant growth in Asia Pacific region. The significant rise in disposable incomes, large population, and traditional use of propolis in medicine are expected to register significant growth for the market in the region.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.