Royal Jelly Market Is Projected to Expand At A CAGR Of 12.5% Between 2023 And 2031. Royal jelly is composed of 67% water, 11% simple sugars, 12.5% protein, 5% fatty acids, and 2-3% 10-hydroxy-2-decenoic acid (10-HDA). Royal jelly also consists of trace minerals, vitamin B5, pyridoxine (vitamin B6) and trace amounts of vitamin C. Royal Jelly is a thick smooth milky substance emitted by the organs of working honeybees to sustain creating hatchlings and queen honeybees. It is fed as a nutrition agent to larvae bees and drones during the early three days of their lives to stimulate growth. Continuous feeding of larvae with royal jelly for an extended period leads to the formation of queen bees. The queen honeybee consumes only royal jelly throughout her life, which is around 50 times longer than the life of a normal honeybee.
The market is witnessing significant demand owing to the rising consumption of royal jelly as it provides a rich wellspring of B complex vitamins giving vitality and stamina, and in addition, supports the sensory system and decreases anxiety. It also activates the immune system to combat bacterial infections, heal wounds, and memory functioning. Ordinary plasma-type royal jelly-based products are witnessing rapid use in the treatment of thyroid cases which further enhances their application among consumers. In addition, it does not pose any side effects to the human body. There is little consumption of pulp-type royal jelly as its overconsumption might lead to instances of infertility among females. Royal jelly contains vitamins A, C, D, and E, which is beneficial owing to its powerful antioxidant and anti-aging benefit and is a rich wellspring of amino acids and minerals. Royal jelly is highly associated with health benefits as it helps to limit cholesterol levels and blood lipids. In addition to it, royal jelly is also useful in protecting the liver as well as enhancing its physical strength. This further stimulates the immune system to fight against viral and bacterial infections. Changing market trends and increasing demand for better health supplements stimulate market growth. As per the US Dept. of Agriculture, royal jelly is the richest natural source known for Vitamin B5. Higher vitamin consistency improves nerve transmissions as well as the production and releases glandular secretions. The royal jelly market is expected to witness strong demand in the upcoming years due to its increasing medical applications. The significant functional properties such as antibacterial activity, vasodilative, anti-inflammatory activity, hypotensive activities, disinfectant action, antihypercholesterolemic activity, and antioxidant activity surge the product demand.
Geographically, North America is projected to be the largest market for royal jelly owing to growing instances of obesity. The rise in consumer purchasing power is another factor driving the market growth. The increasing health benefits such as the treatment of hormonal and stomach issues have urged consumers to opt for royal jelly-based drugs. Growing consumer attention over the other health benefits associated with royal jelly, owing to its high acetylcholine content, which is often used to transmit nerve signals from cell to cell are the other factors driving the market growth. Moreover, there is an increased recommendation of royal jelly-based drugs to females by doctors over issues related to fertility. However, the allergic reactions in the human body, associated with royal jellies such as asthma, hives, and fatal anaphylaxis might deter the market growth.
Key Players Identified for Royal Jelly Market Include:
Durham's Bee Farm, Glory Bee, Jiangshan Bee Enterprise, Nestle S.A., Now Health Group, Inc., Nu-Health Products, Other notable players, Puritan’s Pride, Shamee Bee Farm Source Naturals, Inc, Solgar Inc., Source Naturals, Inc., Swanson Vitamins, Thompson Health, Y.S. Organic Bee Farms, Yamada Bee Farm, Inc. and Other notable players
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Royal Jelly market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
