The royal jelly market is anticipated to grow at a CAGR of 4.3% from 2023 to 2033, reaching a market worth of USD 1,534.67 million by 2023. The demand for royal jelly is likely to make up a portion of the $2,338.093 billion global market for fruits, jams, and jellies in 2023.
The royal jelly market is forecasted to grow at a 4.3% CAGR to reach USD 1,534.67 million by 2023. It’s a special bee-produced fluid, distinct from honey, known for its protein content crucial for cell growth and favored for its unique sweet and spicy flavor.
Royal jelly is essentially a fluid produced by honeybees, much like honey, and it is supplied to queens, adult or larval, regardless of gender. Nurse bee glands secrete a liquid material called royal jelly, which has a jelly-like consistency. Unlike honey, it has a sweet and spicy flavour. This royal jelly’s high protein content is necessary for cell division and proliferation.
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Compromised of 60%-70% water, 12%-15% proteins, 2%-3% vitamins & amino acids, and certain essential sugars and fatty acids, the royal jelly is rich in nutrient content and thus, acts as a beneficiary dietary supplement.
In addition, royal jelly has antibacterial, anti-inflammatory, anticancer, and therapeutic qualities, which make it a well-liked product in the personal care and healthcare sectors. Due to its numerous medical qualities, royal jelly is used to treat allergies, speed up the healing of wounds, and strengthen immunity.
Certain researches also depict, taking royal jelly for a long time has the potential to lower high cholesterol levels, high blood pressure, and cure infertility and in some extreme cases, to cure cancer. In addition to the vital health benefits offered by the royal jelly, it also has applications in cosmetics to lighten and tone the skin, for boosting hair growth, and for curing skin allergies and irritation.
Rising Health Consciousness Fuelling the Demand for the Global Royal Jelly Market:
One of the key driving factors for the global royal jelly market is the rising awareness for health and fitness among consumers. Further, the fast and busy lifestyles of the consumers along with the increasing disposable income are fuelling the demand for royal jelly as a dietary supplement owing to the diverse nutrients such as vitamins, amino acids, protein and several others possessed by it.
According to the US Department of Agriculture, the royal jelly is one of the richest natural sources of Vitamin B5. The diverse medicinal actions of the royal jelly in treating asthma, fever, diabetes, infertility, liver problems, skin disorders and menopausal symptoms together with its applications in cosmetics, stimulate the market growth.
On the other hand, the European Food Safety Authority and United States Food and Drug Administration sayings on royal jelly discouraging the consumption and sale of it owing to the lack of claims and evidence about the health benefits of royal jelly have potential to restrain the market growth of the royal jelly. In addition, the royal jelly has certain side-effects as well, when taken above a specific limit, thus, causing allergies and certain other problems.
Global Royal Jelly Market: Key Participants:
Some of the market participants in the global Royal Jelly market identified across the value chain include NOW Health Group, Inc., Thompson Health, Swanson Vitamins, Durham’s Bee Farm, Puritan’s Pride, Nu-Health Products, Y.S. Organic Bee Farms, Solgar Inc., Source Naturals, Inc.and Jiangshan Bee Enterprise among others.
Opportunities for Participants in the Royal Jelly Market:
There are widespread opportunities for players to grow in the global royal jelly market owing to no significant market participant and the growing demand and popularity among consumers for products supplementing health and nutrition. Also, with the growing health awareness, increasing disposable income of consumers in the developing regions such as Asia Pacific, the rising development and advancement in processing technologies, and the rising use of e-commerce in distribution network have immense potential to drive the global market for royal jelly in the coming years.
Further, the players in the healthcare industry have enormous opportunities to grow in the royal jelly market owing to the easy availability and extraction of these from bees and its rising popularity accounting for its widespread applications.
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The company will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate overall market sizes.
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Global Royal Jelly Market: Market Segmentation:
On the basis of Form, the global royal jelly market has been segmented as:
- Liquid
- Capsules
- Gel
On the basis of type, the global royal jelly market has been segmented as:
- Ordinary Plasma
- High Yield Pulp
On the basis of Application, the global royal jelly market has been segmented as:
- Food and Beverages
- Healthcare
- Cosmetics
- Dietary Supplements
- Others
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