The propolis market can be divided into segments according to product type, distribution method, and geographic location. The propolis market is further divided into creams, liquids, and capsules based on the product type.The increased use of natural products across a range of sectors and industries has been a major driver of propolis’ market expansion. This resinous concoction of saliva and beeswax, obtained from the buds of poplar and honeybee trees, is also known as bee glue.
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What is Fueling Propolis Demand?
Due to the presence of aliphatic alcohols, aldehydes, aromatic acids, flavonoids, terpenoids, and ethers, as well as amino acids, propolis has many beneficial properties. Propolis is also widely used in the food, cosmetic, skincare, and pharmaceutical packaging industries, all of which contributed to its rapid growth.
Propolis also known as a resinous substance, derived from the honeybee, contains chemical compounds like essential oil and aromatic acids which drive potential growth in the market. Bee product market is predictable to mark a substantial growth in the forecasted period owing to a vigorous nutritional content and plays the main role in upholding good health.
Recent years have seen the fast application of bee products in both traditional and modern medicine.
Moreover, the overall propolis market is rising at a noteworthy pace owing to driving factors like its wide use in dermatological products, neurodermatitis, formulating ointment, and treating various fungal infections.
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The global market of propolis to be measured as disintegrated with several domestic and international major players. With a strong presence and larger distribution channels, manufacturers are considering expansion plans with increased production capacity.
The global pandemic of Covid-19 has impacted the propolis market segment in various ways such as a break in the supply chain and falling production. Due to the complete lockdown, the major manufacturing companies and suppliers of raw material have occurred huge losses which impacted directly on the raw material of the products.
Propolis Market Report Highlights:
- Detailed overview of Propolis Market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Non-Alcohol based
- Food and Beverage Industry
- Personnel Care
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
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