North America Propolis Market Size & Outlook, 2021-2028

The propolis market in North America is expected to reach a projected revenue of US$ 252.0 million by 2028. A compound annual growth rate of 2.5% is expected of North America propolis market from 2022 to 2028.
Revenue, 2021 (US$M)
$212.3
Forecast, 2028 (US$M)
$252.0
CAGR, 2022 - 2028
2.5%
Report Coverage
North America

North America propolis market highlights

  • The North America propolis market generated a revenue of USD 212.3 million in 2021.
  • The market is expected to grow at a CAGR of 2.5% 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.
  • Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2028.

North America data book summary

Market revenue in 2021USD 212.3 million
Market revenue in 2028USD 252.0 million
Growth rate2.5% (CAGR from 2021 to 2028)
Largest segmentCapsules and tablets
Fastest growing segmentLiquids
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 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, North America region accounted for 33.3% of the global propolis market in 2021.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2028.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 165.2 million by 2028.

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Propolis Market Companies

Name Profile # Employees HQ Website

North America 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 61% in 2021. Horizon Databook has segmented the North America propolis market based on capsules and tablets, liquids covering the revenue growth of each sub-segment from 2017 to 2028.


  • North America Propolis Product Outlook (Revenue, USD Million, 2017-2028)
    • Capsules and Tablets
    • Liquids
    • Others
  • North America Propolis Distribution Channel Outlook (Revenue, USD Million, 2017-2028)
    • Retail Store
    • Online
    • Others

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Target buyers of North America propolis market databook

  • Our clientele includes a mix of propolis market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America propolis market , including forecasts for subscribers. This continent databook contains high-level insights into North America propolis market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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North America propolis market size, by country, 2017-2028 (US$M)

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

North America propolis market size, by country, 2017-2028 (US$M)

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