The demand within the global propolis market is rising on account of advancements in the field of honey manufacturing. The use of propolis is related to improvements in the shape and structure of bee hives. The demand for propolis stems out from the need for maximizing the production of honey across commercially developed hives. The uses of honey in a multitude of industries cannot be underestimated. Apart from being a valued ingredient in food and confectionery products, the uses of honey in traditional healthcare treatments are also stupendous. Therefore, the total volume of revenues within the global propolis market are slated to multiply in the years to follow.
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In this review, TMR Research offers insights into the leading drivers and opportunities prevailing within the global propolis market.
Growth of Product Portfolio within the Food Sector
The use of honey is believed to be the most important element of the process of baking. Coffee shops and café chains such as Starbucks and Costa sell honey cakes and cookies. The popularity of these items has, therefore, played an integral role in the growth of the global propolis market. Moreover, use of honey in ancient forms of healthcare treatments has also generated demand within the global market.
Asia Pacific to Emerge as Lucrative Regional Segment
The presence of several regions with large expanses of bee hives in India has played a key role in market growth. The Asia Pacific market for propolis offers a huge opportunity for growth. Furthermore, the growing use of honey in Indian cuisines has also driven demand within the regional market. Export of honey from the Asia Pacific region has led regional authorities to invest in the propolis market.
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