The Latin America, Middle East and Africa Propolis Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030).
The nutraceutical industry has also witnessed a surge in demand for propolis-based supplements as consumers seek natural immune-boosting options. Particularly in times of health concerns, such as the COVID-19 pandemic, propolis has gained attention for its potential immune-supporting properties.
Additionally, there are some emerging trends and potential applications for propolis in the food and beverages sector. Some manufacturers of functional beverages, such as energy drinks, herbal teas, and immune-boosting beverages, are exploring the incorporation of propolis as an ingredient. Propolis, known for its potential health benefits, could add value to such products by providing antioxidants and immune support.
Some manufacturers of functional beverages, such as energy drinks, herbal teas, and immune-boosting beverages, are exploring the incorporation of propolis as an ingredient. Propolis, known for its potential health benefits, could add value to such products by providing antioxidants and immune support. Some specialty honey producers market products with higher propolis content as premium offerings. These products are positioned as having enhanced health benefits due to propolis.
Sub-Saharan Africa has a higher prevalence of Herpes Simplex Virus type 2 (HSV-2) than many developed nations. In Sub-Saharan Africa, HSV-2 seropositivity ranges from 53% among men to 82% among women. Some studies have explored the potential of propolis in supporting the immune system and managing opportunistic infections in people living with HIV. While this research is in its early stages, propolis could have a complementary role in the overall health and well-being of individuals with HIV. It may contribute to overall health and well-being, as it is essential for individuals with HIV to maintain a strong immune system. Thus, these factors drive propolis demand in the LAMEA region.
The Brazil market dominated the LAMEA Propolis Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.1 Million by 2030. The Argentina market is estimated to grow at a CAGR of 4.8% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 3.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Propolis Market, by Product Type
1.4.2 LAMEA Propolis Market, by Distribution Channel
1.4.3 LAMEA 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. LAMEA Propolis Market by Product Type
4.1 LAMEA Capsules & Tablets Market by Country
4.2 LAMEA Liquids Market by Country
4.3 LAMEA Others Market by Country
Chapter 5. LAMEA Propolis Market by Distribution Channel
5.1 LAMEA Retail Store Market by Country
5.2 LAMEA Online Market by Country
5.3 LAMEA Others Market by Country
Chapter 6. LAMEA Propolis Market by Country
6.1 Brazil Propolis Market
6.1.1 Brazil Propolis Market by Product Type
6.1.2 Brazil Propolis Market by Distribution Channel
6.2 Argentina Propolis Market
6.2.1 Argentina Propolis Market by Product Type
6.2.2 Argentina Propolis Market by Distribution Channel
6.3 UAE Propolis Market
6.3.1 UAE Propolis Market by Product Type
6.3.2 UAE Propolis Market by Distribution Channel
6.4 Saudi Arabia Propolis Market
6.4.1 Saudi Arabia Propolis Market by Product Type
6.4.2 Saudi Arabia Propolis Market by Distribution Channel
6.5 South Africa Propolis Market
6.5.1 South Africa Propolis Market by Product Type
6.5.2 South Africa Propolis Market by Distribution Channel
6.6 Nigeria Propolis Market
6.6.1 Nigeria Propolis Market by Product Type
6.6.2 Nigeria Propolis Market by Distribution Channel
6.7 Rest of LAMEA Propolis Market
6.7.1 Rest of LAMEA Propolis Market by Product Type
6.7.2 Rest of LAMEA 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 LAMEA Propolis Market, 2019 - 2022, USD Thousands
TABLE 2 LAMEA Propolis Market, 2023 - 2030, USD Thousands
TABLE 3 LAMEA Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 4 LAMEA Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 5 LAMEA Capsules & Tablets Market by Country, 2019 - 2022, USD Thousands
TABLE 6 LAMEA Capsules & Tablets Market by Country, 2023 - 2030, USD Thousands
TABLE 7 LAMEA Liquids Market by Country, 2019 - 2022, USD Thousands
TABLE 8 LAMEA Liquids Market by Country, 2023 - 2030, USD Thousands
TABLE 9 LAMEA Others Market by Country, 2019 - 2022, USD Thousands
TABLE 10 LAMEA Others Market by Country, 2023 - 2030, USD Thousands
TABLE 11 LAMEA Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 12 LAMEA Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 13 LAMEA Retail Store Market by Country, 2019 - 2022, USD Thousands
TABLE 14 LAMEA Retail Store Market by Country, 2023 - 2030, USD Thousands
TABLE 15 LAMEA Online Market by Country, 2019 - 2022, USD Thousands
TABLE 16 LAMEA Online Market by Country, 2023 - 2030, USD Thousands
TABLE 17 LAMEA Others Market by Country, 2019 - 2022, USD Thousands
TABLE 18 LAMEA Others Market by Country, 2023 - 2030, USD Thousands
TABLE 19 LAMEA Propolis Market by Country, 2019 - 2022, USD Thousands
TABLE 20 LAMEA Propolis Market by Country, 2023 - 2030, USD Thousands
TABLE 21 Brazil Propolis Market, 2019 - 2022, USD Thousands
TABLE 22 Brazil Propolis Market, 2023 - 2030, USD Thousands
TABLE 23 Brazil Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 24 Brazil Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 25 Brazil Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 26 Brazil Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 27 Argentina Propolis Market, 2019 - 2022, USD Thousands
TABLE 28 Argentina Propolis Market, 2023 - 2030, USD Thousands
TABLE 29 Argentina Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 30 Argentina Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 31 Argentina Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 32 Argentina Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 33 UAE Propolis Market, 2019 - 2022, USD Thousands
TABLE 34 UAE Propolis Market, 2023 - 2030, USD Thousands
TABLE 35 UAE Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 36 UAE Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 37 UAE Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 38 UAE Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 39 Saudi Arabia Propolis Market, 2019 - 2022, USD Thousands
TABLE 40 Saudi Arabia Propolis Market, 2023 - 2030, USD Thousands
TABLE 41 Saudi Arabia Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 42 Saudi Arabia Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 43 Saudi Arabia Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 44 Saudi Arabia Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 45 South Africa Propolis Market, 2019 - 2022, USD Thousands
TABLE 46 South Africa Propolis Market, 2023 - 2030, USD Thousands
TABLE 47 South Africa Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 48 South Africa Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 49 South Africa Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 50 South Africa Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 51 Nigeria Propolis Market, 2019 - 2022, USD Thousands
TABLE 52 Nigeria Propolis Market, 2023 - 2030, USD Thousands
TABLE 53 Nigeria Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 54 Nigeria Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 55 Nigeria Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 56 Nigeria Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 57 Rest of LAMEA Propolis Market, 2019 - 2022, USD Thousands
TABLE 58 Rest of LAMEA Propolis Market, 2023 - 2030, USD Thousands
TABLE 59 Rest of LAMEA Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 60 Rest of LAMEA Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 61 Rest of LAMEA Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 62 Rest of LAMEA 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 LAMEA Propolis Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Propolis Market
FIG 4 Porter’s Five Forces Analysis – Propolis Market
FIG 5 LAMEA Propolis Market share by Product Type, 2022
FIG 6 LAMEA Propolis Market share by Product Type, 2030
FIG 7 LAMEA Propolis Market by Product Type, 2019 - 2030, USD Thousands
FIG 8 LAMEA Propolis Market share by Distribution Channel, 2022
FIG 9 LAMEA Propolis Market share by Distribution Channel, 2030
FIG 10 LAMEA Propolis Market by Distribution Channel, 2019 - 2030, USD Thousands
FIG 11 LAMEA Propolis Market share by Country, 2022
FIG 12 LAMEA Propolis Market share by Country, 2030
FIG 13 LAMEA 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