Propolis Extract Market Size in 2022, Trends, SWOT analysis, Rapid growth Forecast to 2028

Propolis extract is obtained from Natural Propolis, propolis is an amorphous crystalline solid, brittle and heat softenable. Propolis extracts have been found to contain amino acids, flavonoids, phenolic acids, phenolic acid esters and other essential ingredients for life.Report OverviewDue to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Propolis Extract estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of percent during the forecast period 2022-2028.The USA market for Propolis Extract is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of percent during the forecast period of 2023 through 2028.The China market for Propolis Extract is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of percent during the forecast period of 2023 through 2028.The Europe market for Propolis Extract is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of percent during the forecast period of 2023 through 2028.The global key manufacturers of Propolis Extract include Global Apiaries, BioProtec, Apiter Laboratories, Melland Ecogreen, Hi-Tech Natural Products and Xian Yuensun Biological Technology, etc. In 2021, the global top five players had a share approximately percent in terms of revenue.In terms of production side, this report researches the Propolis Extract production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.In terms of sales side, this report focuses on the sales of Propolis Extract by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.