Propolis market - Global Industry Analysis by Size, Share and Forecast 2021 – 2027
Market Synopsis Market Research Future (MRFR) asserts that the global propolis market is anticipated to demonstrate a healthy CAGR during the forecast period (2018-2023) owing to its augmenting demand in the healthcare sector. Also termed as bee glue, propolis is referred to as a resinous substance which is generally obtained from honeybees and contains active organic chemical compounds like essential oils, flavonoids, amino acids, and aromatic acids. Being antiviral, antibacterial, anti-inflammatory, and antifungal, propolis is extremely used to treat abscesses and heal wounds. Market Potential and Pitfalls With the augmenting demand for propolis in the healthcare sector, the market is likely to foster throughout the assessment period. Propolis is extensively used in treating cancer of the throat and nose owing to its anticancer and anti-tumoral properties. The product is highly used to treat chronic diseases like tuberculosis and cancer including other diseases such as cold sor