The Asia Pacific Propolis Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030).
Propolis, also known as bee adhesive, is a resinous substance produced by honeybees by combining saliva and beeswax with exudates collected from tree buds, sap flows, and other botanical sources. Due to its viscous composition and mechanical properties, propolis is utilized by bees in the maintenance and construction of hives.
More than 500 compounds, including flavonoids, phenolic compounds, polyphenols, terpenes, terpenoids, coumarins, steroids, amino acids, and aromatic acids, have been identified in propolis. In addition, propolis is abundant in phytochemicals, such as essential oils, vitamins (A, B complexes, C, and E), and essential minerals, such as aluminium, sodium, potassium, calcium, copper, magnesium, iron, and zinc, all of which play crucial roles in terms of biological activity.
As bees collect the raw materials for propolis from various plant parts, propolis contains pigments and compounds generated by a variety of plants. Therefore, the chemical composition of propolis varies according to its geographical location, botanical sources, season, and bee species. Propolis has garnered significant interest in medical research due to its plausible health benefits as well as therapeutic properties.
Propolis has demonstrated strong antimicrobial and antibacterial properties, which has led to research on its use in wound healing, oral health, and as a potential natural alternative to antibiotics. Researchers have explored the anti-inflammatory properties of propolis and its potential applications in managing inflammatory conditions, such as arthritis and skin disorders.
According to the Census 2011, 8.6% of India's population, or 104 million individuals, are 60 or older. Males outweigh females among seniors (60+). The National Policy on Older Persons (1999), the Maintenance and Welfare of Parents and Senior Citizens Act (2007), and the National Policy for Senior Citizens (2011) of the Government of India give the framework within which to address the requirements of seniors. Elderly patients get specialized treatment in primary healthcare via the National Programme for Health Treatment of the Elderly and Health and Wellness Centers under the Ayushman Bharat initiative. Hence, these benefits are creating growth opportunities for the Market in the Asia Pacific.
The China market dominated the Asia Pacific Propolis Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $63.0 Million by 2030. The Japan market is estimated to witness a CAGR of 2.4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 3.8% during (2023 - 2030).
Based on Product Type, the market is segmented into Capsules & Tablets, Liquids and Others. Based on Distribution Channel, the market is segmented into Retail Store, Online, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Propolis Market is Projected to reach USD 743.9 Million by 2030, at a CAGR of 2.6%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Apis Flora Industrial e Comercial Ltda., Herb Pharm, LLC, Bee Health Limited (INW Manufacturing, LLC), YS Organic Bee Farms, Comvita Limited, Wax Green, Apiário Polenectar, Uniflora Nutraceutica Ltda, Sunyata Produtos Alternativos Ltda, and NOW Health Group, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Capsules & Tablets
- Liquids
- Others
By Distribution Channel
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Apis Flora Industrial e Comercial Ltda.
- Herb Pharm, LLC
- Bee Health Limited (INW Manufacturing, LLC)
- YS Organic Bee Farms
- Comvita Limited
- Wax Green
- Apiário Polenectar
- Uniflora Nutraceutica Ltda
- Sunyata Produtos Alternativos Ltda
- NOW Health Group, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Propolis Market, by Product Type
1.4.2 Asia Pacific Propolis Market, by Distribution Channel
1.4.3 Asia Pacific Propolis Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter Five Forces Analysis
Chapter 4. Asia Pacific Propolis Market by Product Type
4.1 Asia Pacific Capsules & Tablets Market by Country
4.2 Asia Pacific Liquids Market by Country
4.3 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Propolis Market by Distribution Channel
5.1 Asia Pacific Retail Store Market by Country
5.2 Asia Pacific Online Market by Country
5.3 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Propolis Market by Country
6.1 China Propolis Market
6.1.1 China Propolis Market by Product Type
6.1.2 China Propolis Market by Distribution Channel
6.2 Japan Propolis Market
6.2.1 Japan Propolis Market by Product Type
6.2.2 Japan Propolis Market by Distribution Channel
6.3 India Propolis Market
6.3.1 India Propolis Market by Product Type
6.3.2 India Propolis Market by Distribution Channel
6.4 South Korea Propolis Market
6.4.1 South Korea Propolis Market by Product Type
6.4.2 South Korea Propolis Market by Distribution Channel
6.5 Singapore Propolis Market
6.5.1 Singapore Propolis Market by Product Type
6.5.2 Singapore Propolis Market by Distribution Channel
6.6 Malaysia Propolis Market
6.6.1 Malaysia Propolis Market by Product Type
6.6.2 Malaysia Propolis Market by Distribution Channel
6.7 Rest of Asia Pacific Propolis Market
6.7.1 Rest of Asia Pacific Propolis Market by Product Type
6.7.2 Rest of Asia Pacific Propolis Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Apis Flora Industrial e Comercial Ltda.
7.1.1 Company Overview
7.1.2 SWOT Analysis
7.2 Herb Pharm, LLC
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 Bee Health Limited (INW Manufacturing, LLC)
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 YS Organic Bee Farms
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Wax Green
7.5.1 Company Overview
7.5.2 SWOT Analysis
7.6 Apiário Polenectar
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Uniflora Nutraceutica Ltda
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Sunyata Produtos Alternativos Ltda
7.8.1 Company Overview
7.8.2 SWOT Analysis
7.9 NOW Health Group, Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Comvita Limited
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
7.10.5.2 Acquisition and Mergers:
7.10.6 SWOT Analysis
TABLE 1 Asia Pacific Propolis Market, 2019 - 2022, USD Thousands
TABLE 2 Asia Pacific Propolis Market, 2023 - 2030, USD Thousands
TABLE 3 Asia Pacific Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 4 Asia Pacific Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 5 Asia Pacific Capsules & Tablets Market by Country, 2019 - 2022, USD Thousands
TABLE 6 Asia Pacific Capsules & Tablets Market by Country, 2023 - 2030, USD Thousands
TABLE 7 Asia Pacific Liquids Market by Country, 2019 - 2022, USD Thousands
TABLE 8 Asia Pacific Liquids Market by Country, 2023 - 2030, USD Thousands
TABLE 9 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 10 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 11 Asia Pacific Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 12 Asia Pacific Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 13 Asia Pacific Retail Store Market by Country, 2019 - 2022, USD Thousands
TABLE 14 Asia Pacific Retail Store Market by Country, 2023 - 2030, USD Thousands
TABLE 15 Asia Pacific Online Market by Country, 2019 - 2022, USD Thousands
TABLE 16 Asia Pacific Online Market by Country, 2023 - 2030, USD Thousands
TABLE 17 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
TABLE 18 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
TABLE 19 Asia Pacific Propolis Market by Country, 2019 - 2022, USD Thousands
TABLE 20 Asia Pacific Propolis Market by Country, 2023 - 2030, USD Thousands
TABLE 21 China Propolis Market, 2019 - 2022, USD Thousands
TABLE 22 China Propolis Market, 2023 - 2030, USD Thousands
TABLE 23 China Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 24 China Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 25 China Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 26 China Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 27 Japan Propolis Market, 2019 - 2022, USD Thousands
TABLE 28 Japan Propolis Market, 2023 - 2030, USD Thousands
TABLE 29 Japan Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 30 Japan Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 31 Japan Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 32 Japan Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 33 India Propolis Market, 2019 - 2022, USD Thousands
TABLE 34 India Propolis Market, 2023 - 2030, USD Thousands
TABLE 35 India Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 36 India Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 37 India Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 38 India Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 39 South Korea Propolis Market, 2019 - 2022, USD Thousands
TABLE 40 South Korea Propolis Market, 2023 - 2030, USD Thousands
TABLE 41 South Korea Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 42 South Korea Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 43 South Korea Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 44 South Korea Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 45 Singapore Propolis Market, 2019 - 2022, USD Thousands
TABLE 46 Singapore Propolis Market, 2023 - 2030, USD Thousands
TABLE 47 Singapore Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 48 Singapore Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 49 Singapore Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 50 Singapore Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 51 Malaysia Propolis Market, 2019 - 2022, USD Thousands
TABLE 52 Malaysia Propolis Market, 2023 - 2030, USD Thousands
TABLE 53 Malaysia Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 54 Malaysia Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 55 Malaysia Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 56 Malaysia Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 57 Rest of Asia Pacific Propolis Market, 2019 - 2022, USD Thousands
TABLE 58 Rest of Asia Pacific Propolis Market, 2023 - 2030, USD Thousands
TABLE 59 Rest of Asia Pacific Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 60 Rest of Asia Pacific Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 61 Rest of Asia Pacific Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 62 Rest of Asia Pacific Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 63 Key Information – Apis Flora Industrial e Comercial Ltda.
TABLE 64 Key Information – Herb Pharm, LLC
TABLE 65 Key Information – Bee Health Limited
TABLE 66 Key Information – YS Organic Bee Farms
TABLE 67 Key Information – Wax Green
TABLE 68 Key Information – Apiário Polenectar
TABLE 69 Key Information – Uniflora Nutraceutica Ltda
TABLE 70 Key Information – Sunyata Produtos Alternativos Ltda
TABLE 71 Key Information – NOW Health Group, Inc.
TABLE 72 Key Information – Comvita Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Propolis Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Propolis Market
FIG 4 Porter’s Five Forces Analysis – Propolis Market
FIG 5 Asia Pacific Propolis Market share by Product Type, 2022
FIG 6 Asia Pacific Propolis Market share by Product Type, 2030
FIG 7 Asia Pacific Propolis Market by Product Type, 2019 - 2030, USD Thousands
FIG 8 Asia Pacific Propolis Market share by Distribution Channel, 2022
FIG 9 Asia Pacific Propolis Market share by Distribution Channel, 2030
FIG 10 Asia Pacific Propolis Market by Distribution Channel, 2019 - 2030, USD Thousands
FIG 11 Asia Pacific Propolis Market share by Country, 2022
FIG 12 Asia Pacific Propolis Market share by Country, 2030
FIG 13 Asia Pacific Propolis Market by Country, 2019 - 2030, USD Thousands
FIG 14 SWOT Analysis: Apis Flora Industrial e Comercial Ltda.
FIG 15 SWOT Analysis: Herb Pharm, LLC
FIG 16 SWOT Analysis: Bee Health Limited
FIG 17 SWOT Analysis: YS Organic Bee Farms
FIG 18 SWOT Analysis: Wax Green
FIG 19 SWOT Analysis: Apiário Polenectar
FIG 20 SWOT Analysis: Uniflora Nutraceutica Ltda
FIG 21 SWOT Analysis: Sunyata Produtos Alternativos Ltda
FIG 22 SWOT Analysis: NOW Health Group, Inc.
FIG 23 Recent strategies and developments: Comvita Limited
FIG 24 SWOT Analysis: Comvita Limited