The North America Propolis Market would witness market growth of 2.0% CAGR during the forecast period (2023-2030).
The cosmetic and skincare industry has incorporated propolis into various formulations, attributing it to skin benefits, such as anti-inflammatory properties and acne control. Additionally, the nutraceutical industry has witnessed a surge in demand, particularly in products aimed at immune support and general well-being.
Sustainability and ethical sourcing are gaining importance in the market, with environmentally conscious consumers favouring products with transparent sourcing practices. Ongoing research into propolis health benefits and its applications, along with regulatory considerations, drives innovation and quality control.
The consumption of it has been steadily increasing for several reasons. First and foremost, consumers are becoming more health-conscious and seeking natural remedies and supplements to support their well-being. Propolis, derived from beehives and known for its potential health benefits, aligns with this growing trend. Propolis contains antioxidants, which can help combat oxidative stress. Studies have investigated its role in reducing oxidative damage and its potential implications for diseases related to oxidative stress, including cardiovascular diseases. Some research has examined the immune-boosting properties of propolis, particularly its ability to enhance the body's immune response.
In 2018, gastrointestinal healthcare costs totalled $119.6 billion. According to the recent data from the Centers for Disease Control and Prevention (CDC), there are more than 35.4 million ambulatory visits annually for gastrointestinal symptoms. More than 8 million admissions were attributed to visits to emergency departments. Propolis can also improve the function of the intestinal barrier from the upregulation of the intestinal protein gene, as propolis is abundant in prebiotics that improve intestinal obstructions, which avoids the dislocations of bacteria, pathogens, and toxins from the gut to the bloodstream. Consequently, the increasing use for the treatment of gastric disorders is fuelling demand in North America.
The US market dominated the North America Propolis Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $179.1 Million by 2030. The Canada market is anticipated to grow at a CAGR of 4.3% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 3.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Propolis Market, by Product Type
1.4.2 North America Propolis Market, by Distribution Channel
1.4.3 North America 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. North America Propolis Market by Product Type
4.1 North America Capsules & Tablets Market by Country
4.2 North America Liquids Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Propolis Market by Distribution Channel
5.1 North America Retail Store Market by Country
5.2 North America Online Market by Country
5.3 North America Others Market by Country
Chapter 6. North America Propolis Market by Country
6.1 US Propolis Market
6.1.1 US Propolis Market by Product Type
6.1.2 US Propolis Market by Distribution Channel
6.2 Canada Propolis Market
6.2.1 Canada Propolis Market by Product Type
6.2.2 Canada Propolis Market by Distribution Channel
6.3 Mexico Propolis Market
6.3.1 Mexico Propolis Market by Product Type
6.3.2 Mexico Propolis Market by Distribution Channel
6.4 Rest of North America Propolis Market
6.4.1 Rest of North America Propolis Market by Product Type
6.4.2 Rest of North America 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 North America Propolis Market, 2019 - 2022, USD Thousands
TABLE 2 North America Propolis Market, 2023 - 2030, USD Thousands
TABLE 3 North America Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 4 North America Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 5 North America Capsules & Tablets Market by Country, 2019 - 2022, USD Thousands
TABLE 6 North America Capsules & Tablets Market by Country, 2023 - 2030, USD Thousands
TABLE 7 North America Liquids Market by Country, 2019 - 2022, USD Thousands
TABLE 8 North America Liquids Market by Country, 2023 - 2030, USD Thousands
TABLE 9 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 10 North America Others Market by Country, 2023 - 2030, USD Thousands
TABLE 11 North America Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 12 North America Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 13 North America Retail Store Market by Country, 2019 - 2022, USD Thousands
TABLE 14 North America Retail Store Market by Country, 2023 - 2030, USD Thousands
TABLE 15 North America Online Market by Country, 2019 - 2022, USD Thousands
TABLE 16 North America Online Market by Country, 2023 - 2030, USD Thousands
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 18 North America Others Market by Country, 2023 - 2030, USD Thousands
TABLE 19 North America Propolis Market by Country, 2019 - 2022, USD Thousands
TABLE 20 North America Propolis Market by Country, 2023 - 2030, USD Thousands
TABLE 21 US Propolis Market, 2019 - 2022, USD Thousands
TABLE 22 US Propolis Market, 2023 - 2030, USD Thousands
TABLE 23 US Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 24 US Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 25 US Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 26 US Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 27 Canada Propolis Market, 2019 - 2022, USD Thousands
TABLE 28 Canada Propolis Market, 2023 - 2030, USD Thousands
TABLE 29 Canada Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 30 Canada Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 31 Canada Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 32 Canada Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 33 Mexico Propolis Market, 2019 - 2022, USD Thousands
TABLE 34 Mexico Propolis Market, 2023 - 2030, USD Thousands
TABLE 35 Mexico Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 36 Mexico Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 37 Mexico Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 38 Mexico Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 39 Rest of North America Propolis Market, 2019 - 2022, USD Thousands
TABLE 40 Rest of North America Propolis Market, 2023 - 2030, USD Thousands
TABLE 41 Rest of North America Propolis Market by Product Type, 2019 - 2022, USD Thousands
TABLE 42 Rest of North America Propolis Market by Product Type, 2023 - 2030, USD Thousands
TABLE 43 Rest of North America Propolis Market by Distribution Channel, 2019 - 2022, USD Thousands
TABLE 44 Rest of North America Propolis Market by Distribution Channel, 2023 - 2030, USD Thousands
TABLE 45 Key Information – Apis Flora Industrial e Comercial Ltda.
TABLE 46 Key Information – Herb Pharm, LLC
TABLE 47 Key Information – Bee Health Limited
TABLE 48 Key Information – YS Organic Bee Farms
TABLE 49 Key Information – Wax Green
TABLE 50 Key Information – Apiário Polenectar
TABLE 51 Key Information – Uniflora Nutraceutica Ltda
TABLE 52 Key Information – Sunyata Produtos Alternativos Ltda
TABLE 53 Key Information – NOW Health Group, Inc.
TABLE 54 Key Information – Comvita Limited
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Propolis Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting Propolis Market
FIG 4 Porter’s Five Forces Analysis – Propolis Market
FIG 5 North America Propolis Market share by Product Type, 2022
FIG 6 North America Propolis Market share by Product Type, 2030
FIG 7 North America Propolis Market by Product Type, 2019 - 2030, USD Thousands
FIG 8 North America Propolis Market share by Distribution Channel, 2022
FIG 9 North America Propolis Market share by Distribution Channel, 2030
FIG 10 North America Propolis Market by Distribution Channel, 2019 - 2030, USD Thousands
FIG 11 North America Propolis Market share by Country, 2022
FIG 12 North America Propolis Market share by Country, 2030
FIG 13 North America 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