Global Propolis Market Size & Outlook, 2021-2028
Global propolis market, 2017-2028 (US$M)
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Global propolis market highlights
- The global propolis market generated a revenue of USD 636.6 million in 2021 and is expected to reach USD 746.4 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 2.3% by 2028.
- In terms of segment, capsules and tablets accounted for a revenue of USD 388.3 million in 2021.
- Liquids is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 636.6 million |
| Market revenue in 2028 | USD 746.4 million |
| Growth rate | 2.3% (CAGR from 2021 to 2028) |
| Largest segment | Capsules and tablets |
| Fastest growing segment | Liquids |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Capsules and Tablets, Liquids |
Other key industry trends
- In terms of revenue, the North America accounted for 33.3% of the global propolis market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 27.2 million by 2028.
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Propolis Market Scope
Propolis Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| wax green | View profile | 51-100 | São Paulo, Sao Paulo, Brazil, South America | https://www.waxgreen.com.br |
| Herb Pharm | View profile | 101-250 | Williams, Oregon, United States, North America | https://www.herb-pharm.com/ |
| Apis Flora | View profile | 51-100 | São Paulo, Sao Paulo, Brazil, South America | https://www.apisflora.com.br |
| Bee Health | View profile | 251-500 | Carnaby, East Riding of Yorkshire, United Kingdom, Europe | https://www.beehealth.com/ |
| United Natural Foods Inc | View profile | 29455 | 313 Iron Horse Way, Providence, RI, United States, 02908 | https://www.unfi.com |
| Comvita Ltd | View profile | 50 | 23 Wilson Road South, Private Bag 1, Paengaroa, Te Puke, BOP, New Zealand, 3153 | https://www.comvita.co.nz |
| NOW Foods | View profile | 501-1000 | Bloomingdale, Illinois, United States, North America | https://www.nowfoods.com |
Global propolis market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to propolis market will help companies and investors design strategic landscapes.
Capsules and tablets was the largest segment with a revenue share of 61% in 2021. Horizon Databook has segmented the Global propolis market based on capsules and tablets, liquids covering the revenue growth of each sub-segment from 2017 to 2028.
- Global Propolis Product Outlook (Revenue, USD Million, 2017-2028)
- Capsules and Tablets
- Liquids
- Others
- Global Propolis Distribution Channel Outlook (Revenue, USD Million, 2017-2028)
- Online
- Retail Store
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global propolis market , including forecasts for subscribers. This global databook contains high-level insights into Global propolis market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
Global propolis market size, by regions, 2017-2028 (US$M)
Top 10 countries: Propolis market size, 2021 (US$M)
Global propolis market share, by distribution channel, 2021 & 2028 (%, US$M)
Propolis market: Opportunity assessment by country
Global propolis market, by region, 2021 (US$M)
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