Propolis Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,Canada,China,UK,Germany - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 159 SKU: IRTNTR71788

Propolis Market 2024-2028

The Propolis Market size is projected to increase by USD 135.13 million and the market size is estimated to grow at a CAGR of 3.75% between 2023 and 2028.

The report includes a comprehensive outlook on the Propolis Market, offering forecasts for the industry segmented by Application, which comprises healthcare, personal care and cosmetics, and food and beverages. Additionally, it categorizes Distribution Channel into offline and online and covers Geography regions, including North America, Europe, APAC, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

The availability of propolis dietary food supplements is notably driving the market growth. Dietary food supplements contain minerals, vitamins, fatty acids, amino acids, and other nutrients and are available as tablets, pills, liquids, and capsules. The dosage of these supplements depends on the requirement. The consumption of food supplements varies across countries. In European countries, such as Denmark and Germany, nearly half of the adult population consumes some or the other form of dietary food supplements. Additionally, the Brazil-based company Apiary Polenectar exports Propolis Extract with Acai Polenectar only to the US. This product is sold as a dietary supplement and antioxidant food because of its functional attributes. Thus, consumers increasingly prefer natural and organic food supplements that offer nutrition without any chemical side effects. Therefore, the demand for propolis for producing dietary food supplements is expected to drive the growth of the propolis market during the forecast period.

Propolis Market: Overview

The Propolis Market shows an Accelerated CAGR during the forecast period.

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Trends

Blogging and digital media influencing propolis consumption is an emerging trend shaping the market growth. Digital media and internet blogs on the benefits of consuming propolis have positively influenced the adoption of propolis and propolis-based products among consumers. Consumers are increasingly buying products and drugs that are free of chemicals and preservatives, and some share their experiences on the internet through blogs. The increased penetration of smartphones and the internet across the world has increased the dependency of people on digital media for any information on a product. Propolis is used in sectors such as healthcare, food and beverage, and cosmetics.

Moreover, many blogging sites promote the consumption of propolis. Hindawi Ltd. provides journals and research papers on bee products and their attributes, which can influence the decisions of consumers on propolis consumption. Several vendors offering propolis and propolis-based products provide information on their benefits based on the application type. Thus, the availability of blogs and information through digital media is expected to increase the consumption of propolis during the forecast period.

Challenge 

Improper storage facilities may lead to the decomposition of propolis-based products is a significant challenge hindering market growth. The shelf life of products containing propolis depends on their composition. Constituents of propolis-based products, which are susceptible to quick decomposition, reduce the shelf life of the products. Even though propolis and its extracts act as preservatives because of their antioxidant and antimicrobial functions, the quality of a propolis-based product may decline due to the decomposition of other ingredients. Propolis and its extracts should be stored under temperatures lower than 120 Celsius in airtight containers in a dark room.

However, product recalls and replacements may lead to a demand-supply imbalance. While storing propolis, a beekeeper should not mix fresh propolis with old propolis to ensure quality, as the composition of nutrients in both types of propolis is usually different and unknown. Manufacturers should have proper storage facilities and follow the best storage practices to ensure the quality of raw propolis and propolis-based products. Such factors are expected to restrict the market growth during the forecast period. 

Propolis Market Segmentation by Distribution Channel

Offline distribution channels accounted for the maximum share of the global propolis market in 2023. Offline distribution channels include brick-and-mortar stores. Most propolis is sold through offline distribution channels, which include retail formats such as specialty stores, hypermarkets, departmental stores, convenience stores, and supermarkets. Further, many retailers in the market are expanding their presence by opening new outlets in both developed and developing regions. Some benefits are convenience in terms of contacting the vendor and being briefed on the functionality of the product, the presence of large stock-keeping units (SKUs) enabling end-users to choose from a wide product variety, and the availability of a wide variety of brands at multi-store retail units and dealers Such factors are expected to contribute to the growth of the offline segment of the global propolis market during the forecast period.

Propolis Market Segmentation by Application

The market share growth by the healthcare segment will be significant during the forecast period. Propolis is a natural resin produced by honey bees from substances extracted from different plants and buds. It constitutes resin, wax, essential oils, pollens, and other minerals and organic compounds and is, thus, anti-viral, antifungal, antibacterial, and anti-inflammatory. 

The healthcare segment was the largest and was valued at USD 291.30 million in 2018.

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Several companies operating in the global propolis market offer various propolis drugs and products. Bee Health Ltd. (Bee Health) offers propolis with vitamin C and zinc tablets, which comprise bioflavonoids. Bioflavonoids are herbal supplements that improve blood circulation and cure inflammations. They act as antioxidants and are used for treating allergies and viruses. Bioflavonoid derived from propolis is an alternative natural drug for chemically produced medicines and is thus widely adopted by consumers. The health benefits of consuming propolis have encouraged the healthcare industry to use it as a vital ingredient in several drugs. The growing demand for propolis in medication is likely to drive the growth of the healthcare segment of the propolis market during the forecast period. 

Key Regions for the Propolis Market 

North America is estimated to contribute 40% to the growth of the global market during the forecast period

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.  Countries such as Canada, Mexico, and the US are the major contributors to the regional propolis market. The growth of the propolis market in North America can be attributed to the growing number of honey bee colonies. According to the United States Department of Agriculture (USDA), in the US, the total number of bee colonies for operations increased. For instance, the number of colonies in the US in April 2022 was 2.92 million. During 2021, honey bee colonies in January were 2.90 million. This gradual growth in the number of honey bee colonies is expected to increase propolis residue, which will improve the supply of raw propolis to industries such as healthcare, personal care and cosmetics, and food and beverages. Beekeepers and researchers are making efforts to increase the production of raw propolis by minimizing the loss of honey bee colonies.

In addition, the consumption of propolis in the region is expected to increase due to a significant rise in the consumption of dietary supplements. Consumers in North America are more inclined to organic and natural dietary supplement products, and this preference has increased the consumption of propolis-based supplementary products. Consumers in the region procure propolis products through online distribution channels. Such factors are expected to drive the regional market growth during the forecast period. 

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Key Offering- Apis Flora Industrial e Comercial Ltda.: The company offers propolis products such as green extract 70.
  • Key Offering- Associated British Foods Plc: The company offers propolis products under its brand Promunel, through its subsidiary Fytexia SAS.
  • Key Offering- Comvita Ltd.: The company offers propolis products such as soft gel capsules PFL 30.

The propolis market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Bio Botanica Inc.
  • Country Life Vitamins LLC
  • Hi-Tech Natural Products India Ltd
  • iHerb LLC
  • INW Manufacturing LLC
  • Laprell Beehive Products Inc.
  • Manuka Health New Zealand Ltd.
  • Natural Factors Nutritional Products Ltd.
  • NaturaNectar LLC
  • Natures Goodness Australia
  • NOW Health Group Inc.
  • Nutraceutical Corp.
  • Sunyata Productos Alternativos Ltda.
  • Uniflora Nutraceutica Ltda.
  • Wax Green USA
  • YS Organic Bee Farms
  • Herb Pharm

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The propolis market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.  

  • Application Outlook
    • Healthcare
    • Personal care and cosmetics
    • Food and beverages
  • Distribution Channel Outlook
    • Offline
    • Online
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Propolis Market Scope

Report Coverage

Details

Page number

159

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 3.75%

Market Growth 2024-2028

USD 135.13 million

Market structure

Fragmented

YoY growth 2023-2024(%)

3.25

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, Canada, China, UK, and Germany

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Apis Flora Industrial e Comercial Ltda., Associated British Foods Plc, Bio Botanica Inc., Comvita Ltd., Country Life Vitamins LLC, Hi-Tech Natural Products India Ltd, iHerb LLC, INW Manufacturing LLC, Laprell Beehive Products Inc., Manuka Health New Zealand Ltd., Natural Factors Nutritional Products Ltd., NaturaNectar LLC, Natures Goodness Australia, NOW Health Group Inc., Nutraceutical Corp., Sunyata Productos Alternativos Ltda., Uniflora Nutraceutica Ltda., Wax Green USA, YS Organic Bee Farms, and Herb Pharm

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Propolis Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the propolis market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of propolis market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global propolis market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global propolis market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Distribution Channel Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Healthcare - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Healthcare - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Healthcare - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Healthcare - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Healthcare - Year-over-year growth 2023-2028 (%)
    • 6.4 Personal care and cosmetics - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Personal care and cosmetics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Personal care and cosmetics - Year-over-year growth 2023-2028 (%)
    • 6.5 Food and beverages - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Food and beverages - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Food and beverages - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Food and beverages - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 48: Chart on Distribution Channel - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Distribution Channel - Market share 2023-2028 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 50: Chart on Comparison by Distribution Channel
      • Exhibit 51: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Offline - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Offline - Year-over-year growth 2023-2028 (%)
    • 7.4 Online - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Online - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Online - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Online - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 60: Market opportunity by Distribution Channel ($ million)
      • Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 63: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 64: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 65: Chart on Geographic comparison
      • Exhibit 66: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 UK - Market size and forecast 2023-2028
      • Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 Canada - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 107: Market opportunity by geography ($ million)
      • Exhibit 108: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 109: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 111: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 112: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 113: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 114: Matrix on vendor position and classification
            • 12.3 Apis Flora Industrial e Comercial Ltda.
              • Exhibit 115: Apis Flora Industrial e Comercial Ltda. - Overview
              • Exhibit 116: Apis Flora Industrial e Comercial Ltda. - Product / Service
              • Exhibit 117: Apis Flora Industrial e Comercial Ltda. - Key offerings
            • 12.4 Associated British Foods Plc
              • Exhibit 118: Associated British Foods Plc - Overview
              • Exhibit 119: Associated British Foods Plc - Business segments
              • Exhibit 120: Associated British Foods Plc - Key offerings
              • Exhibit 121: Associated British Foods Plc - Segment focus
            • 12.5 Comvita Ltd.
              • Exhibit 122: Comvita Ltd. - Overview
              • Exhibit 123: Comvita Ltd. - Business segments
              • Exhibit 124: Comvita Ltd. - Key offerings
              • Exhibit 125: Comvita Ltd. - Segment focus
            • 12.6 Herb Pharm
              • Exhibit 126: Herb Pharm - Overview
              • Exhibit 127: Herb Pharm - Product / Service
              • Exhibit 128: Herb Pharm - Key offerings
            • 12.7 Hi Tech Natural Products India Ltd
              • Exhibit 129: Hi Tech Natural Products India Ltd - Overview
              • Exhibit 130: Hi Tech Natural Products India Ltd - Product / Service
              • Exhibit 131: Hi Tech Natural Products India Ltd - Key offerings
            • 12.8 INW Manufacturing LLC
              • Exhibit 132: INW Manufacturing LLC - Overview
              • Exhibit 133: INW Manufacturing LLC - Product / Service
              • Exhibit 134: INW Manufacturing LLC - Key news
              • Exhibit 135: INW Manufacturing LLC - Key offerings
            • 12.9 Laprell Beehive Products Inc.
              • Exhibit 136: Laprell Beehive Products Inc. - Overview
              • Exhibit 137: Laprell Beehive Products Inc. - Product / Service
              • Exhibit 138: Laprell Beehive Products Inc. - Key offerings
            • 12.10 Manuka Health New Zealand Ltd.
              • Exhibit 139: Manuka Health New Zealand Ltd. - Overview
              • Exhibit 140: Manuka Health New Zealand Ltd. - Product / Service
              • Exhibit 141: Manuka Health New Zealand Ltd. - Key offerings
            • 12.11 NaturaNectar LLC
              • Exhibit 142: NaturaNectar LLC - Overview
              • Exhibit 143: NaturaNectar LLC - Product / Service
              • Exhibit 144: NaturaNectar LLC - Key offerings
            • 12.12 Natures Goodness Australia
              • Exhibit 145: Natures Goodness Australia - Overview
              • Exhibit 146: Natures Goodness Australia - Product / Service
              • Exhibit 147: Natures Goodness Australia - Key offerings
            • 12.13 NOW Health Group Inc.
              • Exhibit 148: NOW Health Group Inc. - Overview
              • Exhibit 149: NOW Health Group Inc. - Product / Service
              • Exhibit 150: NOW Health Group Inc. - Key offerings
            • 12.14 Nutraceutical Corp.
              • Exhibit 151: Nutraceutical Corp. - Overview
              • Exhibit 152: Nutraceutical Corp. - Product / Service
              • Exhibit 153: Nutraceutical Corp. - Key offerings
            • 12.15 Sunyata Productos Alternativos Ltda.
              • Exhibit 154: Sunyata Productos Alternativos Ltda. - Overview
              • Exhibit 155: Sunyata Productos Alternativos Ltda. - Product / Service
              • Exhibit 156: Sunyata Productos Alternativos Ltda. - Key offerings
            • 12.16 Wax Green USA
              • Exhibit 157: Wax Green USA - Overview
              • Exhibit 158: Wax Green USA - Product / Service
              • Exhibit 159: Wax Green USA - Key offerings
            • 12.17 YS Organic Bee Farms
              • Exhibit 160: YS Organic Bee Farms - Overview
              • Exhibit 161: YS Organic Bee Farms - Product / Service
              • Exhibit 162: YS Organic Bee Farms - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 163: Inclusions checklist
                • Exhibit 164: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 165: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 166: Research methodology
                • Exhibit 167: Validation techniques employed for market sizing
                • Exhibit 168: Information sources
              • 13.5 List of abbreviations
                • Exhibit 169: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              propolis market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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