Market Share of Propolis Industry
The use of propolis is taking place at a huge scale since the disclosing of associated healthcare benefits. Manufacturers from countries like Brazil, New Zealand, China, Russia, and Turkey are introducing the extraction of propolis on an industrial scale. The market studied is fragmented in nature owing to the large number of players operating in the global propolis market. The products are visible in the market in the form of capsules, sprays, and extracts. The market's major players are Comvita Ltd, Wax Green, Innovations in Nutrition + Wellness, Apiário Polenectar, and Apis Flora. The strategy for partnerships, joint ventures, and mergers has been the crucial strategy behind the development of these companies in the global market scenario. Over the past few years, expanding the market presence to emerging economies has been a key strategy behind the growth of major companies. However, key market players are focusing on building and sustaining their brand image through advertising, sample distribution, and brand promotion.
Propolis Market Leaders
Wax Green
Apis Flora
Apiário Polenectar
Innovations in Nutrition + Wellness
Comvita Ltd.
*Disclaimer: Major Players sorted in no particular order
