Market Scenario
The Global royal jelly market was valued at US$ 1,129.5 million in 2023 and is projected to attain a market valuation of US$ 1,880.9 million by 2032 at a CAGR of 5.83% during the forecast period 2024–2032.
Over the last few years, the global royal jelly market has been gaining significant momentum in the wellness and natural supplements sector. As more consumers are moving towards natural health solutions, Royal Jelly has garnered considerable attention for its myriad of potential health benefits. Historically known as a superfood and a supplement that enhances vitality and wellness, its popularity has surged. Recent developments further highlight an increase in both production and consumption. According to a 2023 survey by the National Honey Board, more than 30% of US consumers have either heard of or consumed Royal Jelly, marking an increase from previous years. This uptick can be partly attributed to the heightened interest in immune-boosting foods amidst health crises, including the COVID-19 pandemic. Moreover, celebrity endorsements and the product's integration into beauty and skincare products have enhanced its mainstream appeal.
Today, cosmetic companies are keenly integrating Royal Jelly into their products, claiming enhanced skin rejuvenation and anti-aging properties. A study from 2022 revealed that 64% of the US cosmetic companies that use Royal Jelly in their products saw a 15% growth in sales year-over-year. Additionally, the food and beverage sector has seen an influx of products like smoothies, teas, and health bars infused with Royal Jelly.
While there's a growing interest in Royal Jelly, consumers across the global royal jelly market are also critically assessing product sources and authenticity. There's a growing demand for organic, sustainably sourced, and high-quality Royal Jelly products. This consciousness about product origin and authenticity can be attributed to a broader trend where consumers are more discerning about their product choices, prioritizing sustainability, and ethical sourcing.
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Market Dynamics
Driver: Growing Health and Wellness Consciousness Across the Globe
Ever-increasing emphasis on health and wellness among global consumers is one of the primary drivers in the global royal jelly market. The global wellness market was valued at approximately $1.5 trillion in 2023 with a projected annual growth of 10%. A significant part of this growth is attributed to consumers' increasing interest in natural health solutions. Royal Jelly, often referred to as a 'superfood,' perfectly fits this niche, offering a wide range of potential health benefits, from immune-boosting properties to enhancing vitality. A 2021 study published in the Journal of Ethnopharmacology found that Royal Jelly has certain compounds that can potentially improve brain function and boost memory. Another research, released by the National Institutes of Health, underscores its potential benefits in reducing the risk of cardiovascular diseases. As the global prevalence of diseases like Alzheimer's and heart-related ailments rise – with the World Health Organization noting a 13% increase in global cardiovascular diseases since 2000 – the demand for preventative or supplementary solutions like Royal Jelly is bound to soar.
Trend: Growing Integration in Beauty and Skincare Products
The global beauty and skincare market was valued at $478 billion in 2023 and the market has recently observed a trend of integrating health supplements and naturally beneficial substances into their products. Royal Jelly is no exception to this trend. With its purported skin rejuvenation and anti-aging properties, it's becoming a choice ingredient for many cosmetic brands. In a 2021 survey conducted by the Cosmetic Ingredient Review, it was found that approximately 35% of newly launched skin serums and creams in the US and Europe contained some form of bee-derived substance, with Royal Jelly being among the top ingredients. The trend in the global royal jelly market isn't just restricted to the West. In Asian markets, especially in countries like South Korea and Japan, where skincare and beauty are billion-dollar industries, Royal Jelly-infused products have been enjoying a robust sales growth. A 2022, market analysis by Nikkei Asian Review indicated that skincare products with Royal Jelly experienced a 20% sales growth year-over-year in these regions.
Opportunity: Expansion in Emerging Markets
The global Royal Jelly market has a golden opportunity in emerging markets. These regions, with their vast populations and increasing disposable incomes, represent potential gold mines for Royal Jelly products. According to the World Bank, the combined GDP of emerging markets and developing economies increased from $34 trillion in 2018 to approximately $42 trillion in 2022. This rise in economic power translates to an increasing ability for consumers in these regions to purchase wellness and health products. Take India, for instance. As per a study by the Confederation of Indian Industry (CII) in 2021, the country's health and wellness industry is set to grow at a CAGR of 10% and reach a valuation of $1299 billion by 2024. Given Royal Jelly's alignment with Ayurveda's natural health principles – an ancient and popular health practice in India – it offers a promising market.
Similarly, in Africa, where traditional medicine plays a significant role in the health system (with the World Health Organization estimating that up to 80% of the population relies on it), the introduction and promotion of Royal Jelly can capitalize on the trust and reliance on natural health solutions. As the African Development Bank reports, consumer expenditure on the continent is projected to reach $2.5 trillion by 2030, up from $1.4 trillion in 2015. A share of this growth will undoubtedly be in the health and wellness sector, providing a vast Royal Jelly market.
Key Findings in the Global Roya Jelly Market
A potential growth avenue that is still relatively underexplored is the therapeutic and medicinal applications of Royal Jelly. Preliminary studies have hinted at its potential benefits. For instance, a 2017 study published in the International Journal of Molecular Sciences pointed towards Royal Jelly's potential anti-tumor properties. Another research in 2020, highlighted by the National Institutes of Health, found certain peptides in Royal Jelly that had anti-inflammatory properties, which could be crucial in conditions like arthritis, which affects over 350 million people globally as per the Arthritis Foundation.
As the global pharmaceutical industry, which, according to the IQVIA Institute for Human Data Science, is set to hit a valuation of $1.5 trillion by 2023, looks for novel compounds and treatments, the royal jelly market could find its place in research and development. However, for this potential to be fully realized, significant investments in scientific research and clinical trials would be required.
With the global demand for Royal Jelly increasing, there's an environmental impact to consider. Bees, crucial for Royal Jelly production, play a vital role in global ecosystems, particularly in pollination. The Food and Agriculture Organization of the United Nations estimated in 2021 that nearly 75% of the world's food crops rely, to some degree, on pollination. Ensuring sustainable bee farming practices is not just crucial for Royal Jelly production but also for global food security. Moreover, with the global focus shifting towards sustainability, particularly in Europe where Eurostat reported in 2022 that 78% of the population considers environmental protection as a personal priority, sustainable harvesting of Royal Jelly can serve as both a market requirement and a unique selling point.
Segmental Analysis
By Type:
By type, the royal Jelly extract has secured a commanding position within the global royal jelly market, boasting an impressive 76.7% share of the total revenue. This dominance of the segment is attributed to strong preference among consumers for concentrated and potent iterations. As per our study, one pivotal factor driving the demand for the product is the exceptionally high purity level of the royal jelly extract. This purity not only translates to a higher concentration of the beneficial compounds found in royal jelly but also ensures a consistent and reliable product that meets stringent quality standards. Manufacturers and end-users alike are drawn to this reliability, as it simplifies formulation processes and yields products that consistently deliver on their promised benefits.
Moreover, the extract's seamless integration into an array of products further contributes to its widespread favorability in the royal jelly market. From dietary supplements to skincare formulations, the versatile nature of royal jelly extract accommodates its incorporation into diverse applications. As the market progresses, the royal jelly extract segment shows no signs of stagnation. On the contrary, it is poised for a remarkable growth trajectory with a projected Compound Annual Growth Rate (CAGR) of 5.63% in the coming years.
By Ingredients:
By ingredients, the proteins has emerged as the supreme segment in the global royal jelly market, capturing a significant 30.3% market share in 2023 thanks to strong demand for health supplements rich in this essential nutrient among consumers and athletes alike. Proteins boast a multifaceted range of health benefits, spanning from muscle repair and metabolism enhancement to the promotion of skin vitality. This confluence of benefits positions proteins as a crucial ingredient within the royal jelly landscape. However, the enduring dominance of proteins within the market is no fleeting trend; rather, it reflects a consistent trust in the benefits they offer.
In the last few years, the consumers around the world have demonstrated a steadfast inclination towards protein-rich supplements owing to the well-established understanding of their role in supporting overall health. This trust has been nurtured by scientific research and a wealth of anecdotal evidence that attests to the positive impact of proteins on various physiological processes. As the market evolves, proteins are expected to maintain their authoritative position within the royal jelly landscape. Projections indicate that their prevalence will remain persistent, underlining the enduring appeal of their health-enhancing attributes. This suggests that consumers are unlikely to waver in their preference for protein-infused royal jelly products, cementing proteins as a cornerstone ingredient within the market.
By Forms:
Among the various consumer-friendly formats, capsules have emerged as the undisputed favorite in the global royal jelly market. Our projections reveal that capsules are set to claim over 35.7% of the global royal jelly market's revenue share by the culmination of the forecast period in 2030. The popularity of capsules is rooted in their ability to align with contemporary consumer preferences and lifestyles. Moreover, capsules address a multitude of consumer needs and expectations. They offer a streamlined and mess-free consumption experience, ensuring that users receive a consistent and measured dose of royal jelly with each intake. This standardization of dosage engenders consumer trust in the product's efficacy, facilitating adherence to wellness routines. Additionally, the extended shelf life of capsule-based products enhances their convenience and longevity, mitigating concerns about product degradation over time.
With capsule-based royal jelly supplements, individuals can effortlessly incorporate their chosen regimen into their daily routines, regardless of their location or schedule. This amalgamation of convenience, consistency, and adaptability positions capsules as a favored vehicle for delivering the benefits of royal jelly to a diverse array of consumers.
By Application:
By applications, the healthcare segment stands as an undisputed leader, commanding a substantial 44.2% share of the royal jelly market. This commanding presence of royal jelly within the healthcare sphere underscores its recognized therapeutic and wellness attributes. The ascent of royal jelly's influence within healthcare applications is projected to accelerate with a remarkable CAGR of 6.12%, the highest among its peers. The trajectory of royal jelly's increasing utilization in healthcare products and applications can be attributed to its rich nutritional profile and diverse bioactive compounds. These compounds, ranging from proteins and vitamins to fatty acids and antioxidants, collectively contribute to royal jelly's multifaceted health benefits. These benefits span various domains, including immune support, anti-inflammatory properties, cognitive enhancement, and skin rejuvenation.
The surge in research activities across the global royal jelly market aimed at uncovering the full spectrum of royal jelly's potential benefits further propels its prominence in the healthcare sector. As scientific understanding deepens and substantiates its therapeutic claims, healthcare practitioners are more likely to incorporate royal jelly into treatment regimens. Concurrently, consumers are becoming increasingly receptive to natural alternatives that foster their well-being, amplifying the demand for royal jelly-infused healthcare products.
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Regional Analysis
The Asia-Pacific region's unparalleled lead in the global royal jelly market, with a dominant market share of over 62.9% in 2023 revenue, is an interplay of various robust factors. The magnitude of this dominance becomes even more pronounced when one dives deeper into the intricate dynamics of the market within the region. At the center of this dominance lies Asia-Pacific's staggering population. Home to nearly 60% of the world's populace, or approximately 4.3 billion people, this vast demographic presents a potent consumer base. As the global inclination shifts towards natural and organic health products, the sheer number of potential consumers in Asia-Pacific becomes a formidable advantage. This is especially notable in the face of a rapidly burgeoning middle class. As economic growth swells pockets, there is a parallel rise in health consciousness, leading to a surge in demand for wellness products like royal jelly. This evolving demographic, estimated to encompass around 800 million potential end-users from both urban and rural landscapes, is an undeniable force.
Moving from the consumer base to production dynamics, the Asia-Pacific region emerges as a powerhouse in the global royal jelly market. Specifically, China stands out, contributing a whopping 50% to the global production of royal jelly in 2023. Favorable agricultural conditions, a longstanding tradition of bee-farming, and a comprehensive infrastructure make the region a bastion for royal jelly production. This not only ensures that local demand is met but also positions the region as a primary exporter. Consumer perception is another cornerstone of Asia-Pacific's market leadership. Surveys indicate a robust positive sentiment towards royal jelly. Over two-thirds of the region's consumers vouch for its health benefits and place it on a premium pedestal in the realm of wellness products. This sentiment, when juxtaposed with the economic strides countries like China, Japan, and South Korea are making, leads to an intensified demand trajectory.
Government initiatives and policies further catalyze the market's growth. Take, for instance, China's 'Bee Farming and Wellness Initiative 2021. This strategic move was aimed at propelling bee-farming productivity by 15%, a goal it achieved. Such government-backed efforts provide a nurturing environment for the industry, driving both production and consumption. Apart from this, the resonance of royal jelly with the younger generation cannot be understated. Driven by online trends and an acute focus on health, millennials and Gen Z in the Asia Pacific royal jelly market have become pivotal in propelling the demand for royal jelly. Their active online engagement and word-of-mouth not only increase demand but also elevate the product's status in the health and wellness sphere.
Top Players in the Global Royal Jelly Market
Market Segmentation Overview:
By Type
By Ingredients
By Forms
By Application
By Distribution Channel
By Region
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