Food & Beverages / Propolis Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Comvita Limited (CVT.NZ), Evergreen Marine Corporation (Taiwan) Ltd. (2603.TW),
Propolis Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Comvita Limited (CVT.NZ), Evergreen Marine Corporation (Taiwan) Ltd. (2603.TW),
Acknowledging the kind of traction gained by this market, industrydataanalytics recently published a study report asserts the global Propolis Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.31% during the review period (2022 to 2027).
Propolis Market Overview:
Propolis is a resinous substance collected from the buds of certain trees by bees and used as a cement or sealant in the construction of their hives.
The raw and unprocessed propolis commonly consists of roughly 55 percent resinous compounds and balsam, 30 percent beeswax, 10 percent ethereal and aromatic oils, and 5 percent bee pollen. Its constituents and color, ranging from golden brown to reddish to almost black, depends on the tree source of collection, the most common being dark brown. Propolis is sticky at and above room temperature, 20 C (68 F). At lower temperatures, it becomes hard and very brittle.
Recent Development:
Braskem Developed World's First Renewable-Source Polyethylene Wax
São Paulo, June 14th, 2021 - Braskem has launched the world's first renewable-source polyethylene (PE) wax, used in the production of adhesives, cosmetics, coatings and compounds. The product, commonly used as a viscosity modifying agent in diverse formulations, has the same properties and delivers the same performance as the version made from fossil-based PE. Produced from sugarcane ethanol, the new solution entails lower CO2 footprint, is recyclable and has applications in multiple markets.
What are the major Applications, Types, and Regions of the Propolis Market?
By Type, it is segmented into
Supercritical Extraction CO2 (SFE)
Ethanol Extracted Propolis (EEP)
Glycol Extracted Propolis (GEP)
Other
By Applications, it is segmented into
Food Industry
Cosmetic Industry
Pharmaceutical Industry
Other
Propolis Market Regional Analysis
The countries covered in the propolis market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
According to the regional analysis, North America dominated the propolis market and is expected to maintain its dominance throughout the forecast period due to high deals of regular drug and individual consideration items in the region. However, the market in Asia-Pacific is expected to have the highest CAGR over the estimated time frame due to the transition of the bumblebee items market from chaotic to coordinate. Furthermore, the easy availability of bumblebee results from various flower sources is attracting various market players to the territorial market, which is relying on to fuel the development of the propolis business in the region.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Propolis market has been studied across North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. The Asia Pacific is expected to dominate the most significant market owing to rising demand for natural gas mainly across the countries like India, China, and Japan among others. China has the fastest-growing investment in LNG stations, as its focus on cleaner energy for industrial and commercial transportation is anticipated to drive the market across the region. Following Asia-Pacific, Europe, and North America and have implemented stringent laws to reduce emissions & are more focused on renewable energy projects and energy-efficient sectors the rise in commercial and industrial transportation has led to the expansion of LNG stations across the region, and are the second-largest region in the global Propolis market. In Latin America government has reduced the importation tariffs for LNG-powered vehicles, enhancing the market landscape of Propolis positively.
Propolis Market Report Scope:
Reports Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 6.31% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Propolis Report
Evaluate Propolis's market potential by analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and by different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
All our reports are custom-made to your company's needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What are the major end-use applications of Propolis Market?
Drink To Go, Takeaway, Restaurant Service, Coffeehouse Service, Personal Use, Supermarkets Service, Convenience Stores Service, Vending Machines Service, Others.
What segments are covered in the Propolis Market report?
The Global Propolis Market is segmented on the basis of Product, Application, and Geography.
How can I get a sample report/company profile for the Propolis Market?
The sample report for the Propolis Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
