To provide a propolis product having a wide range of biological activity of the propolis and an antioxidant activity effective for prevention and improvement of aging change.

This propolis product having antioxidant activity comprises a mixture of extracts of the propolis obtained by extracting a clump of the raw propolis with two or more kinds of aqueous solutions of ethanol having different concentration of water, preferably the propolis extract is obtained by extracting the raw propolis with an aqueous ethanol solution including 5-10 vol.% of water and the extract obtained by extracting with an aqueous ethanol solution including 45-55 vol.% of water and then mixing both in a volumetric mixing ratio of 4-6:6-4. The propolis product having antioxidant activity preferably uses the clump of the raw propolis originating from Brazilian growth eucalyptus/rosemary.