Propolis Market was valued US$ 0.63 Bn in 2021 and is expected to reach US$ 0.96 Bn by 2029, at a CAGR of 5.48% during the forecast period.
Market Overview
The report on Propolis market published by the renowned business consulting firm Maximise Market Research indicates the substantial growth in the Propolis market is expected in forecast period by 2022-2029. The key market drivers are driving the markets growth and in depth analysis of it is provided in the report. It emphasizes how competitive global economy and gives description of the key competitors and recent most successful strategies that were used by the competitors.
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Market Scope
The report of MMR provides the in-depth analysis of the market segmentation and the Propolis markets key competitors analysis which gives a competitive landscape. A noteworthy analysis of the Propolis market sectors and opportunities is included in the MMR’s report. The report provides the current market trends in terms of demand and supply chain, sales and recent changes in market. The primary and secondary data is analysed to understand the Propolis market behaviour. The primary data consists of the personal interviews of industry experts and professionals, lower market level study, telephonic surveys and in secondary date the annual reports, government reports, financial reports, data bases of organisations, industry journals, white papers, releases of product manufacturers and suppliers in the industry along with the paid databases. Different methodologies are used to understand the strengths and weakness of the Propolis market.
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Segmentation:
According to the application segment, the healthcare segment held a significant market share in 2021, and this trend is expected to remain over the estimated period. Factors, like antifungal, antibacterial, and antioxidative nature of propolis will play a noteworthy role in the healthcare segment to maintain its market position. As well, the global propolis market report looks at factors, such as health benefits of consuming propolis, accessibility of propolis dietary food supplements, and rising inclination for online shopping.
Key Players:
? Apis Flora
? Wax Green
? Comvita Limited
? MN Propolis
? Apiario Polenectar
? King's Gel
? Evergreen Healthfoods Ltd.
? Sunyata Pon Lee
? Polenectar
? Ponlee
? Uniflora
? Manuka Health New Zealand
? Zhifengtang
? Wang's
? Bricaas
? Beijing Baihua Apiculture Technology Development Corp.
? Beewords
? Zhonghong Biological
? Baoshengyuan
? Jiangshan Hengliang
? Health & Love
? Hongfa
? Jiangsu Rigao Bee Products
Regional Analysis
The Propolis region had highest market share of the Propolis market in 2021 and is also expected to keep the dominance in the market. The research for the report is done globally on specific regions to understand the regional Propolis market thoroughly what are its restrictions and developments and opportunities. Government subsidiaries or initiatives also boosts the regional market growth and it is also studied in the MMR’s report. The region wise survey is done in a wide range of high end regional investigations to understand the regional Propolis market.
Key Questions answered in the Propolis Market Report are:
Key offerings:
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Propolis Market size , Propolis Market share , Propolis Market growth , Propolis Market forecast , Propolis Market analysis
Mar 15, 2023