Global & US Propolis Market: Overview
Propolis is a mixture of resinous collected by honey bees from the tree buds, sap flowers and other botanical sources. It is also known as bee glue. It acts as a sealant for the space that is unwanted open spaces in the hive. Propolis is mainly used to pack small gaps. Propolis contain of about 55% of Resinous Compound, about 30% of Beeswax, 10% of ethereal and aromatic oils and 5% bee pollen. Propolis has wide range of properties such as antiviral, antibacterial, antifungal, and anti-inflammatory.
Global & US Propolis Market: Key Players
Some of the prominent key players in the US Propolis Market are as Zhonghong Biological, Baihua, Ponlee, Apis Flora, Wax Green, Comvita, MN Propolis, Polenectar, King’s Gel, Evergreen, Ponlee, Uniflora, Manuka Health New Zealand, Zhifengtang, Wang’s, Bricaas, Beewords, among others.
Global & US Propolis Market: Applications
Propolis has wide range of applications that can be used in industries such as Pharmaceutical industries, Health & food industry, Cosmetic industry, Musical instrument industry and many others. Propolis are used to apply on wounds as it has antiviral and anti-inflammatory effects, which can reduce redness and swelling on the body.
The Propolis medical product is used to fight against infection, Illness and Disease and also boost the immune system of the body. There are various propolis dental products that are used after dental surgery.
Global & US Propolis Market: Market Influencer
Globally, the market for Propolis is increasing rapidly. This is mainly because of its huge applications in wide range of large scale industries like Pharmaceutical industry and Health & food industry. There is variety of uses of propolis in medical industry and huge amount of products manufactured from propolis. As there is increasing growth in skin disease the huge need for propolis produces huge antiviral, antibacterial products that fight against skin disease. Due to the variety of products the market for Propolis is growing rapidly.
Globally the market size for Propolis is about to grow at rate of 3.50% CAGR (2015-2021) with producing Propolis from 2,300 tonnes in 2015 to 2,900 tonnes in 2021.
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Global & US Propolis Market: Segmentation
The Global & US Propolis Market can be divided into following Segments
Segmentation by Application
- Skin Cream
- Musical instruments
- Car wax
Segmentation by Industry
- Pharmaceutical industries
- Health & food industry
- Cosmetic industry
Segmentation by Treatment
- Dental Treatment
- Skin Disease
Global & US Propolis Market: Regional Market Information
North America is one of the leading propolis markets globally. North America is one of the largest producing propolis this is mainly due to the growth in the bee Farming. The Bee farming industries are growing rapidly in North America and they produce huge amount of propolis. Propolis serves the needs of large scale industries such as medical industries and health & food industry which are the most growing fields in North America. There are various bee federations that are involved in development and new innovation of bee farming that is encouraging manufacturers to invest in propolis market.
Europe is the emerging market for propolis market. Countries like Romania, the old Yugoslavia, Bulgaria and Poland in Europe are into Propolis market. Most of the Propolis market in Europe concentrates on its scientific use. Europe market for Propolis is developing steadily due to its application and wise use in medical field.
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