by Market Overview:
Bee propolis extract is a bioactive compound produced by honeybees using resin from trees and plants. It contains over 300 compounds including flavonoids, phenolic acids, and aromatic acids. Bee propolis extract provides various health benefits such as antioxidant, antimicrobial, anti-inflammatory, and immune-boosting properties.
Market key trends:
One of the major market trends is the growing demand for natural and organic food products. There is an increasing consumer preference for natural substances with fewer chemicals in food and beverages. Bee propolis extract is considered as a natural and organic ingredient. It is widely used in various food products such as supplements, beverages, bakery goods, and confectionery to provide health benefits. The shift towards organic and natural substances without artificial ingredients, preservatives or additives is propelling the demand for bee propolis extract in the food industry.
Here is the Market Trend, SWOT Analysis and Key Takeaways related content for the given Bee Propolis Extract Market:
Bee propolis extract is gaining significant popularity over the recent years owing to its various health benefits. One of the key trends in the market is the increasing demand for bee propolis extract from the nutraceutical and pharmaceutical industries. Bee propolis is known to have antioxidant and antimicrobial properties which help boost immunity. It is also used for manufacturing supplements, capsules and medicines. Hence, the rising health awareness among people and growing use of natural ingredients in healthcare products is fueling the consumption of bee propolis extract.
SWOT Analysis
Strength: Bee propolis extract offers various health benefits such as improving immunity, treating wounds and infections, reducing inflammation, etc. due to the presence of antioxidants, minerals and bioactive compounds.
Weakness: Raw bee propolis needs further processing and extraction to isolate active compounds. This increases the cost of the extract.
Opportunity: Growing popularity of herbal and natural remedies is creating opportunities for bee propolis extract in industries such as nutraceuticals, cosmetics, food and beverages. Innovation in extraction technologies can help lower the costs.
Threats: Presence of alternative natural sources of antioxidants and antimicrobials poses competition to bee propolis extract. Environmental changes and climate hazards can impact bee population and availability of raw materials.
Key Takeaways
The Global Bee Propolis Extract Market Demand is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period 2023 to 2030, due to increasing use of herbal supplements and natural ingredients in healthcare products.
The Asian region is expected to dominate the market supported by rising exports from China and other Asian countries. The beekeeping industry is well developed in this region assuring adequate availability of raw materials.
Key players operating in the Bee Propolis Extract Market includes Comvita, Bee Health, Natural Life, Manuka Health New Zealand, Zhifengtang, Wang’s, Bricaas, Baoshengyuan, Zhonghong Biological, Baoshengyuan. These players are focusing on new product development and formulations, expansions and partnerships to strengthen their market presence.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
