Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Global Royal Jelly Market, By Type; By Ingredients; By Forms; By End Product Application; By Distribution Channel - Estimation & Forecast, 2017-2030" report has been added to ResearchAndMarkets.com's offering.
The global royal jelly market, valued at US$ 1,087.68 Mn in 2022, is poised for significant growth, projecting a size of US$ 1,711.8 Mn by 2030.
Anticipated to progress at a compound annual growth rate (CAGR) of 5.83% during the forecast period, the market's volume is also set to expand from 10,143 tons in 2022 at a CAGR of 5.28%.
Driving Factors:
The surge in the global royal jelly market is fueled by its expanding medicinal applications, attributed to its favorable properties such as antioxidant and anti-inflammatory effects. However, potential side effects linked to royal jelly consumption, like allergic reactions and gastrointestinal issues, pose a challenge. Innovations to minimize these effects could drive sustained market growth.
Segment Breakdown:
The global royal jelly market is segmented by type, ingredients, forms, application, and end-user. Here's a detailed overview:
Type:
- Fresh Royal Jelly
- Royal Jelly Extract
Royal Jelly Extract holds a dominant position, commanding over 75% of the market share in 2022.
Ingredients:
- Water
- Protein
- Carbohydrates
- Lipids
- Mineral Salts
- Vitamins
- Others
The protein segment leads with more than 30% of the market share in 2022, indicating strong demand for protein-rich royal jelly products.
Forms:
- Liquid
- Capsules
- Gel
- Others
Capsules form the prevalent choice, accounting for over 35.7% of the market share, reflecting consumer preference for convenient products.
Application:
- Food & Beverage
- Healthcare
- Cosmetics
- Dietary Supplements
- Others
The healthcare sector exhibits the highest growth, with a CAGR of 6.12%, showcasing the growing adoption of royal jelly in health and wellness products.
End User:
- Online
- Offline
- Hypermarket
- Supermarket
- Retail Stores
Offline channels dominate, holding an 86.5% market share in 2022, indicating continued preference for physical stores.
Regional Insights:
- North America's royal jelly market, valued at US$ 207.03 Mn in 2022, is projected to reach US$ 325.93 Mn by 2030, exhibiting steady growth.
- Asia Pacific emerges dominant with the highest market share of 62.9% in 2022 and the highest growth rate, positioning it as a fast-growing royal jelly market.
Competitive Landscape:
The market is consolidated with major players, including Durham's Bee Farm, Forever Living.com, LLC, Jiangshan Bee Enterprise, NOW Foods, and others, jointly holding 70-80% of the market share. Competitive strategies, such as Forever Living's marketing plan and Swanson's mobile website launch, intensify market competition.
Key Questions Addressed:
- What are the driving factors and challenges in the global royal jelly market?
- How are segments and regions positioned in the global market?
- How will each market segment grow by 2030?
- What are the key strategies of leading players in the global royal jelly market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 433 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1087.68 Million |
| Forecasted Market Value (USD) by 2030 | $1711.8 Million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/aqj3ri
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