The bee propolis extract market is used extensively in many industries like food & beverages, pharmaceuticals, personal care & cosmetics owing to its anti-inflammatory, antiviral and antibacterial properties. Bee propolis is a resinous hive product collected by honeybees from tree buds, sap flows, or other botanical sources, which is used as a sealant for unwanted open spaces in the beehive. It has a very strong antioxidant activity and contains over 300 compounds including phenolics, amino acids, terpenes, steroids, etc. that provide various health benefits. The increasing demand for natural immunity boosting supplements has raised the use of bee propolis extract significantly.

The Global bee propolis extract market is estimated to be valued at US$ 766.43 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period from 2024 to 2031.

Key Takeaways

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.), MarvelVinyls (India), The VersaFlex Companies (U.S.), Axalta Coating Systems, LLC (U.S.), Pidilite Industries Ltd. (India), Valspar (U.S.), Rhino Linings Corporation. (U.S.), Nukote Coating Systems, Intl. (U.S.), Jotun (Norway), RODDA PAINT, CO. (U.S.), Constro Chem India Pvt. Ltd. (India), ELMET (U.S.), Aalberts Surface Technologies GmbH.(Netherlands). The rising awareness about the health benefits of bee propolis extracts among consumers is driving higher demand in the market. With growing consciousness about immunity, bee propolis extract finds wider application in dietary supplements, functional foods and beverages. Various technological advancements like advanced extraction techniques are helping manufacturers develop pure, standardized and potent bee propolis extracts.

In terms of value, Europe currently holds the largest share in the global bee propolis extract market owing to a well-established nutraceuticals industry and growing consumer demand for natural health products. Countries like Germany, France, Italy and the UK are major markets. The Asia Pacific region is poised to be the fastest growing market during the forecast period driven by China and India. Rising health consciousness, improving living standards and growing disposable incomes are fueling sales of dietary supplements containing bee propolis extracts in the region. North America also represents a significant geographic region for the bee propolis extract market supported by increasing preference for alternative medicines and herbal remedies.

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