Market Research Future Published a Half-Cooked Research “Global Propolis Market Research Report – Forecast to 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2027.
Apiário Polenectar(Brazil), Apis Flora(Brazil), Comvita Limited(New Zealand), Hangzhou Tienchu Miyuan Health Food Co., Ltd.(China), King’s Gel(Brazil), Manuka Health( New Zealand), MN Propolis(Brazil), SUNYATA PON LEE(Brazil) and Uniflora (Dubai) among others are some of the prominent players at the forefront of competition in the Global Propolis Market and are profiled in MRFR Analysis.
Propolis Market – Market Overview
Propolis or bee glue is a mixture that is produced by the honey bee by the mixture of saliva and bees wax with exudates gathered from sap flows, tree buds and other botanical sources. Propolis contains about 55% of Resinous Compound, about 30% of Beeswax, 10% of ethereal and aromatic oils and 5% bee pollen. Propolis is used as a sealing material in the bee hive to seal unwanted small gaps in the hive whereas larger gaps are filled with bees wax. It is usually dark brown in colour but can also be green, red, black and white, the colour varies depending upon the botanical source. Propolis is usually sticky at and above room temperature and becomes hard and brittle in lower temperatures. Propolis has wide applications in pharmaceuticals, cosmetics, automobile industry and food industry among others. The global propolis market is segmented on the basis of application, industry, treatment and on the basis of regions. On the basis of application, the market is bifurcated as food, medicine, musical instrument others and on the basis of treatment the market is segregated as dental treatment, skin and others.
According to MRFR analysis, the global market of Propolis is a fast-growing market and is expected to witness a considerable growth and develop at an encouraging CAGR during the forecast years. The growing demand of Propolis from the pharmaceutical industry and food industry among others is the major factor driving the global market. Potash is highly demanded from the fertilizer industry owing to its excellent properties such as antiviral, anti-fungal, anti-bacterial, anti-diabetic and anti-inflammatory among others. Propolis is effectively used for the treatment of cold, sores, genital herpes, post-surgery mouth pains, and various skin irritations. Moreover, the growing demand from the musical and automotive industry is also adding positively to the market growth. In the musical industry it is used by string instrument makers as a varnish agent to seal the surface of bridges and is used as an automobile wax in cars.
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Propolis Market- Competitive Landscape
The Global Propolis is a lucrative market and is expected show an increasing CAGR during the forecast period. Apiário Polenectar, Apis Flora, Beijing Baihua Apiculture Technology Development Corporation, Comvita Limited, Evergreen Healthfoods Ltd. are some of the major players operating in the market. These players are adopting various key strategies of market growth. These key players are adopting innovation, product launch, merger and acquisition, collaboration, increased investment in research and development activities and other market survival techniques to cater to the growing consumer demands and strengthen their position in the market.
North America is the dominant region in the market of propolis. The rapid growing bee farming in the region coupled with the growing demand from the well-established industries such as medical and health care are the major factors significantly contributing to the growth of the market. Moreover, the increasing participation of various bee federations to promote development and innovation in bee farming has also attracted lot of manufacturers to invest in propolis which in turn is positively affecting the growth of the market in the region. Europe is anticipated to be an emerging market, and countries such as Yugoslavia, Poland and Bulgaria among other is adding to the market growth. The wide application of propolis in the medical industry is the major trigger to the development of the market in this region
News/Innovation/ Industry updates:
11 December 2017– The centre for Pharmaceutical Engineering Sciences (CPES) has secured its second knowledge acquiring partnership with Natures Laboratory to support their latest innovation using the healing properties of propolis. The company has discovered new products branded Beevital and this new knowledge merger will further allow the company to understand propolis at their raw material state and help them develop new medicines.
20 July 2017– OncbioMune Pharmaceuticals incorporation a biopharmaceutical company engaged in development of cancer vaccine technology has successfully acquired the rights to six Aagard Propolis products for the Mexican markets from a German company roha Arzneimittel Gmbh. This acquisition will help the company to explore the Mexican market and increase their consumer base which in turn will boost the propolis market in the region.
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