Royal Jelly Supplements Market by Form (Soft Gels, Capsules, Liquid), by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online, Other Distribution Channel) and Region - Global Forecast to 2027
According to MarketsandMarkets, the global royal jelly supplements market is estimated to be valued at USD 661 million in 2022. It is projected to reach USD 844 million by 2027, with a CAGR of 5%, in terms of value between 2022 and 2027. Increasing ageing population and focus on preventive healthcare are expected to drive the growth for royal jelly supplements market.
Royal Jelly Supplements Market Dynamics
Drivers: Health benefits associated with royal jelly supplements
Health awareness among consumers is on the rise, wherein most consumers are constantly in search of health supplement products for daily consumption. Royal jelly supplements have provided strong health benefits, more specifically to the human heart health.
Restraints: Instances of allergies
Royal jelly is generally considered to be safe for consumption. However, people develop an allergic reaction to royal jelly or some of the ingredients used in supplements. Various ingredients, such bee pollen and flower pollen, are responsible for allergies and intolerances among a specific population.
Opportunities: Replacement to pharmaceutical products
The increasing demand for royal jelly has shown that customers prefer products with proven health benefits. The increasing evidence of health benefits associated with royal jelly for health restoration has increased customer expectations related to royal jelly supplements. This inclination toward a safe, natural, and cost-effective substitute for drugs has led to the application of royal jelly as pharmaceutical agents.
Challenges: Consumer skepticism and fake supplements associated with supplement
The supplement products are products derived from natural sources with purported health benefits that have become widely available over the last two decades. However, these products are frequently met with skepticism due to efficacy and safety concerns, in part due to the dietary supplement industry's well-documented lack of regulation and oversight. There have been instances fake or counterfeit products which are unregistered and unapproved, and which have raised concerns among customers and the industry trade community.
By form, soft gels segment is projected to witness a significant growth rate during the forecast period.
Based on form, soft gels account for a significant growing segment in the royal jelly supplements market. The potential to enhance nutrient bioavailability is one of the most well-known advantages of soft gel capsules. It improves bioavailability by providing the nutrient in a solution or other absorption-enhancing media. The advantage of small particles or crystal size is that the smaller the particle, the better and quicker it is absorbed into the digestive tract. Consumers can expect fast disintegration and immediate nutrient delivery to produce quicker action with enhanced absorption and bioavailability. Better bioavailability may reduce the required dose.
By distribution channel, online segment is likely to account for the fastest growth rate during the forecast period.
Based on distribution channel, online accounts for the fastest growing segment in the royal jelly supplements market. Millennials are expected to become a major market for online food purchases boosting sales of supplement products in the coming years, as they spend a considerable amount of time in online shopping. While purchasing supplement products online, consumers also get detailed product information, which gives them first-hand details on product labels and specification with specific health benefits.
Asia Pacific accounted for the dominant region for the royal jelly supplements market. Factors such as surge in consumer demand for nutritional & healthy products, consumer spendings on fortified products, and increasing investments from supplements market players to thrive the production and consumption of dietary supplement products in the region.
Key Market Players:
Key players in this market include NOW Health Group, Inc., Swanson, Thompson Health, Durhams Bee Farm, Nu-Health Products, Puritan's Pride, Inc., Solgar Inc., Source Naturals, Zhejiang Jiangshan Bee Enterprise Co.,Ltd, Y.S. Organic Bee Farms, among others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.4 REGIONAL SEGMENTATION
1.5 PERIODIZATION CONSIDERED
1.6 CURRENCY CONSIDERED
1.7 VOLUME UNITS CONSIDERED
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key Data from Secondary Sources
2.1.2 PRIMARY DATA
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 MARKET SIZE ESTIMATION - METHOD 1
2.2.2 MARKET SIZE ESTIMATION - METHOD 2
2.3 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR THE STUDY
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.2 RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.4 CHALLENGES
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
6.3 TECHNOLOGY ANALYSIS
6.4 PRICING ANALYSIS
6.5 ECOSYSTEM/ MARKET MAP
6.6 TRENDS/ DISRUPTION IMPACTING THE CUSTOMER’S BUSINESS
6.7 PATENT ANALYSIS
6.8 TRADE ANALYSIS
6.9 KEY CONFERENCES AND EVENTS IN 2022-2023
6.1 TARIFF AND REGULATORY LANDSCAPE
6.11 PORTER’S FIVE FORCES ANALYSIS
6.12 KEY STAKEHOLDERS & BUYING CRITERIA
6.13 CASE STUDY ANALYSIS
7 ROYAL JELLY SUPPLEMENTS MARKET, BY FORM
7.1 INTRODUCTION
7.2 SOFT GELS
7.3 CAPSULES
7.4 LIQUIDS
8 ROYAL JELLY SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL
8.1 INTRODUCTION
8.2 SUPERMARKETS & HYPERMARKETS
8.3 CONVENIENCE STORE
8.4 ONLINE
8.5 OTHER DISTRIBUTION CHANNELS
9 ROYAL JELLY SUPPLEMENTS MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 US
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 FRANCE
9.3.3 UK
9.3.4 ITALY
9.3.5 SPAIN
9.3.6 REST OF EUROPE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 INDIA
9.4.3 JAPAN
9.4.4 AUSTRALIA & NEW ZEALAND
9.4.5 REST OF ASIA PACIFIC
9.5 SOUTH AMERICA
9.5.1 BRAZIL
9.5.2 ARGENTINA
9.5.3 REST OF SOUTH AMERICA
9.6 REST OF THE WORLD
9.6.1 AFRICA
9.6.2 MIDDLE EAST
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 MARKET SHARE ANALYSIS*
10.3 KEY PLAYERS STRATEGIES
10.4 COMPANY REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
10.5 COMPANY EVALUATION QUADRANT
10.5.1 STARS
10.5.2 EMERGING LEADERS
10.5.3 PERVASIVE PLAYERS
10.5.4 PARTICIPANTS
10.5.5 COMPETITIVE BENCHMARKING
10.6 PRODUCT FOOTPRINTS
10.7 STARTUP/SME EVALUATION QUADRANT
10.7.1 PROGRESSIVE COMPANIES
10.7.2 STARTING BLOCKS
10.7.3 RESPONSIVE COMPANIES
10.7.4 DYNAMIC COMPANIES
10.8 PRODUCT LAUNCHES, DEALS, AND OTHER DEVELOPMENTS
10.8.1 NEW PRODUCT LAUNCHES
10.8.2 DEALS
10.8.3 OTHER DEVELOPMENTS
10.8.4 PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES
11 COMPANY PROFILES
11.1 NOW HEALTH GROUP, INC.
11.2 SWANSON VITAMINS
11.3 THOMPSON HEALTH
11.4 DURHAMS BEE FARM
11.5 NU-HEALTH PRODUCTS
11.6 PURITAN’S PRIDE
11.7 SOLGAR INC.
11.8 SOURCE NATURALS, INC.
11.9 ZHEJIANG JIANGSHAN BEE ENTERPRISE CO.,LTD
11.10 Y.S. ORGANIC BEE FARMS
Note: Currently, list of only 10 companies have been provided. However, this section covers 12-15 key company profiles which include business overview, recent financials, product offerings, key strategies, and swot analysis. recent financials can be provided based on data/information availability in public domain. The list of companies mentioned above can be altered depending upon client’s interest
12 APPENDIX
Note: The TOC prepared above is tentative and may subject to change, based on the research progress
Growth opportunities and latent adjacency in Royal Jelly Supplements Market