Propolis Market: Industry Growth, Opportunity and Forecast 2021-2028
Propolis Market Analysis According to a recent analysis from Market Research Future, the global propolis market is expected to reach USD 700 million by 2024, growing at a 6% CAGR (MRFR). Bees make propolis, which aids in wound healing, infection prevention, and more. It has extensive applications, including medical, skincare, haircare, antioxidant, preservative, and others. Several factors are contributing to the worldwide propolis market's expansion. Constant developments, a growing focus on research and development, improved production due to breakthroughs and development in harvesting technology, and increased use as antioxidants and food preservation in the food & beverage industry are all reasons mentioned in the new MRFR study. Consumer preference for personal care and well-being products, increased use of cosmetic products such as conditioners, shampoos, anti-acne soaps, and lotions, and increased use to treat cancer, tuberculosis, ulcers, oral mucositis, upper r...