Brazil Propolis Market Size & Outlook, 2021-2028

The propolis market in Brazil is expected to reach a projected revenue of US$ 27.2 million by 2028. A compound annual growth rate of 1.4% is expected of Brazil propolis market from 2022 to 2028.
Revenue, 2021 (US$M)
$24.6
Forecast, 2028 (US$M)
$27.2
CAGR, 2022 - 2028
1.4%
Report Coverage
Brazil

Brazil propolis market highlights

  • The Brazil propolis market generated a revenue of USD 24.6 million in 2021 and is expected to reach USD 27.2 million by 2028.
  • The Brazil market is expected to grow at a CAGR of 1.4% from 2022 to 2028.
  • In terms of segment, capsules and tablets was the largest revenue generating product in 2021.
  • Liquids is the most lucrative product segment registering the fastest growth during the forecast period.


Propolis market data book summary

Market revenue in 2021USD 24.6 million
Market revenue in 2028USD 27.2 million
Growth rate1.4% (CAGR from 2021 to 2028)
Largest segmentCapsules and tablets
Fastest growing segmentLiquids
Historical data2017 - 2020
Base year2021
Forecast period2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationCapsules and Tablets, Liquids
Key market players worldwideComvita Ltd, United Natural Foods Inc, NOW Foods, Bee Health, Apis Flora, Herb Pharm, wax green


Other key industry trends

  • In terms of revenue, Brazil accounted for 3.9% of the global propolis market in 2021.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Latin America, Brazil propolis market is projected to lead the regional market in terms of revenue in 2028.
  • Brazil is the fastest growing regional market in Latin America and is projected to reach USD 27.2 million by 2028.

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Propolis Market Companies

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Brazil propolis market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to propolis market will help companies and investors design strategic landscapes.


Capsules and tablets was the largest segment with a revenue share of 60.98% in 2021. Horizon Databook has segmented the Brazil propolis market based on capsules and tablets, liquids covering the revenue growth of each sub-segment from 2017 to 2028.


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  • Our clientele includes a mix of propolis market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil propolis market , including forecasts for subscribers. This country databook contains high-level insights into Brazil propolis market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Brazil propolis market size, by product, 2017-2028 (US$M)

Brazil Propolis Market Outlook Share, 2021 & 2028 (US$M)

Brazil propolis market size, by product, 2017-2028 (US$M)

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