Bee Propolis Extract Market Growth Accelerated By Increased Demand From Healthcare And Dietary Supplement Industries

Bee Propolis Extract Market


Bee propolis extract is a resinous material collected by honeybees from tree buds and used as a sealant in their hives. It contains various components like flavonoids, aromatic compounds, proteins and amino acids which provide several health benefits including anti-inflammatory, antioxidant and immunity-boosting properties. Propolis extracts are being increasingly utilized in dietary supplements, pharmaceutical products and cosmetics due to their therapeutic properties. The global Bee Propolis Extract Market is estimated to be valued at US$ 766.43 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.


Market key trends:
The increased demand from healthcare and dietary supplement industries has been a key growth driver for the bee propolis extract market over the past few years. Various clinical studies have demonstrated the anti-inflammatory and antioxidant properties of propolis extracts which helps in boosting the immunity and reducing inflammation. This has encouraged healthcare product manufacturers to incorporate propolis extracts in supplements, pharmaceutical drugs, functional foods and beverages. Coupled with rising health consciousness, the growing consumption of immune-boosting dietary supplements has accelerated the adoption of bee propolis extracts across major regions. Moreover, propolis extracts are also being widely used in skin care and personal care products due to their ability to combat acne, protect skin from UV radiation and promote anti-aging effects. The expanding cosmetic industry will further propel the sales of bee propolis extracts during the forecast period.

Segment Analysis
The Global Bee Propolis Extract Market Analysis is dominated by the beverages sub-segment due to rising adoption of dietary supplements. Bee propolis extract is extensively used as a supplement for its rich nutrient profile and antioxidant properties. It is known for various health benefits such as boosting immunity, supporting bone and heart health, and increasing energy levels. This has resulted in increased application of bee propolis extract in production of nutritional beverages.

Key Takeaways
The global bee propolis extract market is expected to witness high growth during the forecast period of 2024 to 2031. The market size for 2024 is US$ 766.43 Bn.

Regional analysis: North America is projected to be the fastest growing regional market owing to high awareness about preventive healthcare. Growing demand for dietary supplements for their general wellness benefits has fueled the consumption of bee propolis extract in countries like the US and Canada.

Key players operating in the bee propolis extract market are BASF SE (Germany), Dow (U.S.), CLARIANT (Switzerland), Nippon Paint Holdings Co., Ltd.(Japan), PPG Industries, Inc. (U.S.), The Sherwin-Williams Company (U.S.), Huntsman International LLC. (U.S.).

Get more insights on this topic: https://www.trendingwebwire.com/bee-propolis-extract-market-size-and-share-analysis-growth-trends-and-forecasts/

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