Aloe vera market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The major factor driving the demand for aloe vera is attributed to factors such as the increasing health awareness among consumers, and growing preference for products that are natural and effective for personal care. Further, the launch of new and innovative products by the market players is another factor anticipated to fuel the demand for aloe vera. For instance, in May 2022, Juicy Chemistry launched certified organic aloe vera gel & aloe vera juice. These products are mutually beneficial for hair and skin alike, the products are designed to soothe acne and skin burns along with multiple other benefits. As per the company, they also enhance the skin’s moisture retention capacity and promote collagen production, maintaining its natural elasticity and youthfulness. The proteolytic enzymes in these products repair dead skin and promote hair’s prolonged growth cycle. Both products contain enzymes with anti-inflammatory properties that are good for skin-care routines.
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The global aloe vera market is segmented based on its product type, distribution channel, and application. Based on product type, the market is segmented into gel, powder, capsule, and liquid. Based on the distribution channel the market is categorized into online, and offline. Further, based on the application, the market is segmented into food, pharmaceutical, and cosmetic. Among the product type segment, the gel sub-segment is anticipated to register significant growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Aloe Vera Market by Product Type
- Gel
- Powder
- Capsule
- Liquid
Global Aloe VeraMarket by Distribution Channel
- Online
- Offline
Global Aloe Vera Market by Application
- Food
- Pharmaceutical
- Cosmetic
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aloe Farms, Inc.
- Aloe Laboratories, Inc.
- Aloecorp, Inc
- Ashland Inc. (Pharmachem Laboratories Inc.)
- Exa las coronas s.l.
- Foodchem International Corp.
- Herbalife International of America Inc.
- HOUSSY AMERICA
- Juicy Chemistry
- Lily of the Desert
- LR Health & Beauty Systems GmbH
- NaturAloe
- Pejoseca Laboratories Ltd.,(Aloveria)
- Terry Labs LLC
- TODO ALOE VERA S.L.
- Warren Laboratories LLC
The Report Covers
- Market value data analysis of2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global aloe vera market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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