U.S. Propolis Market Size & Outlook, 2021-2028
U.S. propolis market, 2017-2028 (US$M)
Related Markets
U.S. propolis market highlights
- The U.S. propolis market generated a revenue of USD 159.2 million in 2021 and is expected to reach USD 188.1 million by 2028.
- The U.S. market is expected to grow at a CAGR of 2.4% 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 2021 | USD 159.2 million |
| Market revenue in 2028 | USD 188.1 million |
| Growth rate | 2.4% (CAGR from 2021 to 2028) |
| Largest segment | Capsules and tablets |
| Fastest growing segment | Liquids |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Capsules and Tablets, Liquids |
| Key market players worldwide | Comvita Ltd, United Natural Foods Inc, NOW Foods, Bee Health, Apis Flora, Herb Pharm, wax green |
Other key industry trends
- In terms of revenue, U.S. accounted for 25.0% 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 North America, U.S. propolis market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 188.1 million by 2028.
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Propolis Market Scope
Propolis Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 60.99% in 2021. Horizon Databook has segmented the U.S. 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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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 country-level data and insights on the U.S. propolis market , including forecasts for subscribers. This country databook contains high-level insights into U.S. propolis market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. propolis market size, by product, 2017-2028 (US$M)
U.S. Propolis Market Outlook Share, 2021 & 2028 (US$M)
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