The Latin America, Middle East and Africa Propolis Market should 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.
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.
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.
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.
Scope of the Study
By Product Type
- Capsules & Tablets
- Liquids
- Others
By Distribution Channel
- Retail Store
- Online
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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
- NOW Health Group, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Propolis Market by Product Type
Chapter 5. LAMEA Propolis Market by Distribution Channel
Chapter 6. LAMEA Propolis Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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
- NOW Health Group, Inc.
Methodology
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