The Latin America, Middle East and Africa Propolis Market would witness market growth of 4.2% CAGR during the forecast period (2023-2030).
The nutraceutical industry has also witnessed a surge in demand for propolis-based supplements as consumers seek natural immune-boosting options. Particularly in times of health concerns, such as the COVID-19 pandemic, propolis has gained attention for its potential immune-supporting properties.
Additionally, there are some emerging trends and potential applications for propolis in the food and beverages sector. Some manufacturers of functional beverages, such as energy drinks, herbal teas, and immune-boosting beverages, are exploring the incorporation of propolis as an ingredient. Propolis, known for its potential health benefits, could add value to such products by providing antioxidants and immune support.
Some manufacturers of functional beverages, such as energy drinks, herbal teas, and immune-boosting beverages, are exploring the incorporation of propolis as an ingredient. Propolis, known for its potential health benefits, could add value to such products by providing antioxidants and immune support. Some specialty honey producers market products with higher propolis content as premium offerings. These products are positioned as having enhanced health benefits due to propolis.
Sub-Saharan Africa has a higher prevalence of Herpes Simplex Virus type 2 (HSV-2) than many developed nations. In Sub-Saharan Africa, HSV-2 seropositivity ranges from 53% among men to 82% among women. Some studies have explored the potential of propolis in supporting the immune system and managing opportunistic infections in people living with HIV. While this research is in its early stages, propolis could have a complementary role in the overall health and well-being of individuals with HIV. It may contribute to overall health and well-being, as it is essential for individuals with HIV to maintain a strong immune system. Thus, these factors drive propolis demand in the LAMEA region.
The Brazil market dominated the LAMEA Propolis Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.1 Million by 2030. The Argentina market is estimated to grow at a CAGR of 4.8% during (2023 - 2030). Additionally, The UAE market would exhibit a CAGR of 3.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
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