The global aloe vera products market has been witnessing a steady rise in its valuation over the recent past. Aloe vera is a succulent plant species of the genus Aloe. It contains gel and latex that have been shown to have medicinal properties. Aloe vera grows in arid conditions and stores water in its leaves. Its leaves contain a clear viscous gel that is 99% water and remaining compounds such as minerals, sugars, enzymes, vitamins, amino acids, and salicylic acids. Aloe vera gel has been traditionally used for its healing, soothing, cooling, and moisturizing properties. With growing awareness about its therapeutic properties and benefits, the demand for aloe vera drinks, gels, creams, and other products is surging significantly across the globe. Expanding functional food and beverages sector along with rising health-consciousness among consumers are expected to propel the aloe vera products market during the forecast period.
Market Dynamics:
Health advantages offered by aloe vera along with growing preference for natural and organic ingredients are primarily driving the aloe vera products market. Rising incidence of diabetes, arthritis, gastrointestinal issues, and skin problems is boosting the consumption of aloe vera drinks and topicals. Increasing investments by major players for new product launches catering to evolving consumer demands is also fueling the market growth. However, presence of substitutes such as coconut water is likely to restrain the market growth to some extent. Launch of innovative aloe vera infused cosmetics, food and beverages presents a prominent growth opportunity. Introduction of aloe vera into new application sectors such as biofuels and pharmaceuticals could further create lucrative business avenues.
Key Features of the Study:
- This report provides in-depth analysis of the global aloe vera products market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global aloe vera products market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Forever Living Products, LR Health & Beauty Systems, Herbalife International, Aloecorp, Inc., Aloe Laboratories, Inc., Lily of the Desert, Terry Laboratories, Foodchem International Corporation, Pharmachem Laboratories Inc., Green Earth Products Pvt. Ltd., ALZO International Inc., Avi Naturals, Bounce Curl, CalMango, Inc., Camden-Grey Essential Oils, Inc., Croda International Plc, Ekologie Forte Pvt.Ltd., Essential Depot, Inc., Hallstar, and Holistique Beauty Products Private Ltd.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global aloe vera products market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global aloe vera products market
Detailed Segmentation:
- Product Type Insights (Revenue, USD Bn, 2019 - 2031)
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- Aloe Vera Gel
- Aloe Vera Juice
- Aloe Vera Supplements
- Aloe Vera Extracts
- Application Insights (Revenue, USD Bn, 2019 - 2031)
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- Cosmetics and Personal Care
- Food and Beverage
- Pharmaceuticals
- Others
- Distribution Channel Insights (Revenue, USD Bn, 2019 - 2031)
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- Online Retail
- Supermarkets/Hypermarkets
- Health Stores
- Others
- Regional Insights (Revenue, USD Bn 2019 - 2031)
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- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Forever Living Products
- LR Health & Beauty Systems
- Herbalife International
- Aloecorp, Inc.
- Aloe Laboratories, Inc.
- Lily of the Desert
- Terry Laboratories
- Foodchem International Corporation
- Pharmachem Laboratories Inc.
- Green Earth Products Pvt. Ltd.
- ALZO International Inc.
- Avi Naturals
- Bounce Curl
- CalMango, Inc.
- Camden-Grey Essential Oils, Inc.
- Croda International Plc
- Ekologie Forte Pvt.Ltd.
- Essential Depot, Inc.
- Hallstar
- Holistique Beauty Products Private Ltd.
