Propolis Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
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.
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The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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