Global Propolis Market Benefits: industry Analysis Forecast by type, By Size, By Product

USA, NY, New York City,

 Propolis Market Benefits Analysis 

The global propolis market benefits are anticipated to touch USD 700 million at a 6% CAGR between 2019- 2024, according to the new report by Market Research Future (MRFR). Propolis is produced by bees that help to heal wounds, fight infections, and more. It has extensive applications, including medical, skincare, haircare, antioxidant, preservative, and others.

Various factors are adding to the global propolis market benefits growth. According to the new MRFR report, such factors include constant innovations, rising focus on research and development, improved production due to advances and development made in the harvesting technology, and increasing use as antioxidants and food preservation in the food & beverage industry. Additional factors adding market growth include consumers inclination towards personal care & well-being products, increasing use in cosmetic products such as conditioners, shampoos, anti-acne soaps, and lotions, and increasing use to treat cancer, tuberculosis, ulcers, oral mucositis, upper respiratory tract infections, cold sores & canker sores,

On the contrary, allergic reactions, irritation, and mouth ulcers resulting from propolis consumption may limit the global propolis market benefits growth over the forecast period.

Access Report Full Report Below Click links @: https://www.marketresearchfuture.com/reports/propolis-market-782

Market Segmentation 

The MRFR report gives an inclusive segmental analysis of the global propolis market benefits report based on end-use industry and application.

By application, the global propolis market benefits are segmented into medical, skincare, haircare, antioxidant, preservative, and others.

By end-user industry, the global propolis market benefits are segmented into personal care and cosmetics, healthcare, food and beverage, and others. Of these, the personal care and cosmetics & healthcare segment will dominate the market over the forecast period.

 Regional Analysis 

Based on the region, the global propolis market benefits report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), Latin America & the Middle East, and Africa. Of these, the APAC region is predicted to dominate the market over the forecast period. Burgeoning demand in the healthcare sector, increasing use in different beauty products, and accelerating demand for personal care products are adding to the global propolis market benefits growth in the region. India, South Korea, Singapore, Japan, and China have the maximum share in the region. According to the head of the Biotechnology department of the Indian Institute of Technology in Delhi, the natural compounds present in Propolis have the potential of being an effective COVID-19 preventive drug, which may have a positive effect on the market growth in the region.

The global propolis market benefits in North America are predicted to have sound growth over the forecast period. Burgeoning demand for propolis in the healthcare sector & personal care and cosmetics for the growing preference for natural products is adding to the global propolis market benefits growth in the region. The US has the maximum share in the region for the high consumption and large-scale production of cosmetic products.

The global propolis market benefits in Europe are predicted to have healthy growth over the forecast period while in Latin America, and the MEA is predicted to have steady growth over the forecast period.

Key Players 

Leading players profiled in the global propolis market benefits report include Sunyata Pon Lee (Brazil), Arataki Honey Ltd (New Zealand), Shaanxi Rebecca Bio-Tech Co. Ltd (China), Natures Goodness (Australia), Hi-Tech Natural Product India Ltd (India), the Propolis People (South Africa), Laprell’s Beehive Products Inc. (Canada), Herbaland Naturals Inc. (Canada), Comvita (New Zealand), Pharma Base SA (Switzerland), B Natural SRL (Italy), and Bee Health Limited (UK). Industry players have incorporated several strategies to create a niche in the market and cater to the consumers growing needs. These include yet are not restricted to acquisitions, mergers, joint ventures, partnerships, collaborations, new product launches, new product development, strategic alliances, contracts, geographic expansions, and more.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Comments are closed