MARKET OVERVIEW
Propolis is a resinous mixture produced by honey bees. Naturally propolis is produced by honey bees when they combine the sap with their own discharges and beeswax. It is a sticky, yellowish-brown product produced by bees and used by them as a sealant material to close small gaps in the beehives. It has been used by man for thousands of years. Also, aancient civilizations valued it for its medicinal properties.
MARKET SCOPE
The "Global Propolis Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Propolis market with detailed market segmentation by product type, distribution channel, end use supplement, and geography. The report provides key statistics on the market status of the leading Propolis market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global propolis market is segmented into capsules and tablets, spray, extract, and others.
- Based on distribution channel, the global propolis market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Increasing demand for propolis in the healthcare and pharmaceutical sectors.
- The growing awareness about its medicinal properties.
Restraints:
- The side-effects of propolis and is known to cause allergies in a small section of population who are allergic to bee products.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The propolis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the propolis market in these regions.
IMPACT OF COVID-19 ON PROPOLIS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the propolis market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from propolis market are anticipated to lucrative growth opportunities in the future with the rising demand for propolis in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the propolis market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
Propolis Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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The List of Companies
1. Hi-Tech Natural Product India Ltd.
2. Laprell's Beehive Products
3. Comvita Limited
4. SUNYATA PON LEE
5. Wax Green
6. Bee Health Limited
7. Apiário Polenectar
8. Manuka Health New Zealand
9. Uniflora
10. Evergreen Healthfoods Ltd
1. Hi-Tech Natural Product India Ltd.
2. Laprell's Beehive Products
3. Comvita Limited
4. SUNYATA PON LEE
5. Wax Green
6. Bee Health Limited
7. Apiário Polenectar
8. Manuka Health New Zealand
9. Uniflora
10. Evergreen Healthfoods Ltd
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