Highlights
• Propolis is rich in many functional components such as polyphenols and flavonoids, and has various biological activities.
• The quality control measures and standardization regulations of propolis were summarized.
• The factors affecting the bioavailability of propolis and its functional components and the improvement strategies were summarized.
• The research status, opportunities and challenges of the global propolis market were discussed.
• As a functional food ingredient, propolis is widely used in food, cosmetic and pharmaceutical industries.

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