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Global Propolis Market study by “Data Bridge Market Research” provides details about the market dynamics affecting the Propolis Market, Market scope, Market segmentation, and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This Propolis Market report serves business purposes and endows you with the best market research and analysis performed with the advanced tools and techniques. This market research report classifies the market by companies, geographical region, type, component, application and end-use industry. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market. This Propolis Market research report also identifies and analyses the emerging trends along with major driving factors, challenges and opportunities in the market.
Data Bridge Market Research analyses that the propolis market was valued at USD 829.23 million in 2021 and is expected to reach the value of USD 1352.91 million by 2029, at a CAGR of 6.31% during the forecast period of 2022 to 2029.
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Market Players Covered:- Apiário Polenectar (Brazil), Sunyata Pon Lee (Brazil), Apis Flora (Brazil), Sunyata Pon Lee (Brazil), Bee Health Limited (UK), Zhifengtang (China), Laprell’s Beehive Products, Inc. (Canada), Comvita Limited and its subsidiaries (New Zealand), Wax Green (Brazil), Manuka Health New Zealand (New Zealand)
Propolis is a natural safeguard framework created by bumble bees to protect their hive from contamination. It functions as a repairman and, as a result, keeps the microbial development inside the hive under control. Because of propolis’s broad antibacterial, antifungal, antiviral, cytotoxic, calming, and cancer prevention agent properties, it is widely used in the personal care, pharmaceutical, and food and beverage industries.
Propolis is a resinous mixture produced by honey bees from various portions of plants, buds, and exudates. Pollen, waxes, essential oils, flavonoids and phenolic acids, and different chemical substances such as sugars, steroids, vitamins, ketones, lactones, benzoic acid, and fatty acid esters are commonly found in it. It is hard, brittle, and lipophilic, but when heated, it softens, becomes flexible, gummy, and sticky. It has a nice and distinctive aromatic fragrance and ranges in color from yellow-green to dark brown according on age and origin. Propolis is extensively used to improve the immune system since it contains antioxidants, anesthetics, and wound healing capabilities.
The propolis market is segmented on the basis of product type, category, distribution channel, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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The expansions of interest in propolis in the medical services and medicine sectors as well as the development of awareness about its therapeutic properties are regarded as the primary drivers of the propolis market. These factors are expected to play a significant role in the growth and development of the propolis Industry in the coming years. Propolis-based products are being offered by major manufacturers to meet specific health needs. As a result, the various medical benefits, in addition to the ease of access to items containing propolis extracts, are one of the major factors driving propolis interest in the global market.
The high fatality rate of coronavirus disease (COVID-19) and the lack of antiviral treatment are driving up sales of natural agents with immune-strengthening properties. Propolis is high in antioxidants and bioactive compounds and it has antimicrobial, bactericidal, antiviral, anti-inflammatory, and immunomodulatory properties, which are fuelling market growth. Aside from that, leading manufacturers offer a plethora of propolis-based product variants to meet a variety of medical needs. To maintain a competitive edge and expand their market reach, they are also investing in packaging improvements and promotional campaigns such as celebrity endorsements.
New product launches and product assortments will also support various opportunities that will drive the growth of the propolis market in the forecast period. These exercises have paved the way for market participants to expand their business and client base. With the growing interest in propolis in the global market and its development, market players in the global market are expected to benefit from worthwhile development opportunities in the future.
Propolis side effects are known to cause sensitivities in a small percentage of the population that is sensitive to honeybee products. Rising cases of hypersensitivity as a result of propolis use will impede the growth of the propolis Market in the previously estimated time frame. The lack of standardisation across various brands will become a significant challenge in the development of the Global Market.
This propolis market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the propolis market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Key Influence of this Market:
Comprehensive assessment of all opportunities and risk in this Market
This Market recent innovations and major events
Detailed study of business strategies for growth of the this Market-leading players
Conclusive study about the growth plot of the Market for forthcoming years
In-depth understanding of this Market-particular drivers, constraints and major micro markets
Favorable impression inside vital technological and market latest trends striking this Market
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
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Highlights of Following Key Factors:-
A detailed description of the company’s operations and business divisions
Analyst’s summarization of the company’s business strategy
Progression of key events associated with the company
A list of major products, services and brands of the company
A list of key competitors to the company
A list and contact details of key locations and subsidiaries of the company
Detailed financial ratios for the past 5 years
The latest financial ratios derived from the annual financial statements published by the company with 5 years’ history.
Part 02: Scope of the Report
Part 03: Global Propolis market Landscape
Part 04: Global Propolis market Sizing
Part 05: Global Propolis market Segmentation By Product
To check the complete Table of Content click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-propolis-market
All segmentation provided above in this report is represented at country level and can be customized according to needs.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
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