ID: MRFR/F-B & N/6826-CR | 111 Pages | Published By Snehal Singh on September 2019
Aloe Vera Derivatives Market register a CAGR of 6.4% to reach USD 4,059.63 Million by 2030.
Aloe Vera Derivatives Market is expected to register a CAGR of 6.4% to reach USD 4,059.63 Million by 2025. Aloe vera derivatives are extracted or derived from aloe vera for use in various application industries such as personal care, food & beverages, and nutraceuticals. The derivatives of aloe vera include extract, gel, and powder. The benefits associated with aloe vera have contributed to the growing popularity of aloe vera-based products.
Rising consumer awareness regarding the benefits of aloe vera has resulted in increased demand for aloe vera derivatives in application industries. Aloe vera derivatives have found application in skincare and healthcare products. Food & beverages are one of the fastest-growing application areas for aloe vera derivatives.
The aloe vera derivatives market is expected to witness significant growth during the forecast period. The increasing demand for natural products in the food & beverage, pharmaceuticals, and personal care industries has contributed significantly to the growth of the market. The growing demand for plant-based beverages is another factor contributing to the growth of the market. Owing to the increasing health concerns among consumers, the demand for products made from natural and healthy ingredients is on the rise. Aloe vera is a perennial plant rich in various antioxidants, minerals, vitamins, and other bioactive compounds. Moreover, owing to their antioxidant, anti-microbial, and antifungal effects and immune modulation, aloe vera derivatives are emerging as promising herbal additives in animal feed, especially in poultry, pet, and equine feed, thereby creating new opportunities for the players in the market.
Global Aloe Vera Derivatives Market Share, byType, 2025 (USD Million)
Sources: MRFR Analysis
The global market has been segmented by type, category, application, and region.
Based on type, the market has been divided into gel, powder, and others. The gel segment dominated the market in 2018 with a market share of more than 52%. Aloe vera powder is an active ingredient in cosmetic formulations. It is widely incorporated in lotions, face creams, shampoos, conditioners, and cosmetics making the powder segment the fastest-growing during the forecast period.
By category, the global market classified as organic and conventional. The demand for organic-certified aloe vera derivatives is increasing in various industries such as personal care and food & beverages which is influencing cultivators to switch to organic farming.
On the basis of application, the market has been segregated into functional food & beverages, pharmaceuticals and nutraceuticals, personal care, and others. The functional food & beverages segment has been further divided into dairy products, beverages, dietary supplements, sauces and condiments, and others. The personal care segment accounted for the largest market share of in 2018. However, the pharmaceutical and nutraceuticals segment is expected to exhibit the highest CAGR.
Global Aloe Vera Derivatives Market Share, by Region, 2018 (%)
Sources: MRFR Analysis
The European aloe vera derivatives market accounted for the largest market of 38.65% in 2018. Germany, France, Italy, and the UK are the key countries that are contributing to market growth in the region. Europe being the largest market for plant-based beverages has led to the rising demand for aloe vera derivatives in the beverage industry. Also, consumers are increasingly opting for healthy and nutritive beverages over calorie-heavy soft drinks, which is driving the demand for functional beverages. Asia-Pacific was the second-largest market in 2018 and the regional market is projected to register the highest CAGR during the forecast period. The key players in the food & beverage industry are expanding their presence in developing countries in the region, which creates an opportunistic market for the suppliers of aloe vera derivatives.
The prominent players in the global aloe vera derivatives market are Terry Laboratories L.L.C. (US), Aloe Vera Australia (Australia), Houssy Drinks Co., Ltd (US), Stockton Aloe 1 (US), Aloe Laboratories (US), Omica Organics (US), Gift Morocco (Morocco), Shaanxi Bolin Biotechnology Co., Ltd (China), Biogenic Foods (US), and OKYALO (US). The international players are expanding their presence worldwide through strategic acquisitions and launching innovative products.
Global Aloe Vera Derivatives Market, by Type
Global Aloe Vera Derivatives Market, by Category
Global Aloe Vera Derivatives Market, by Application
Global Aloe Vera Derivatives Market, by Region
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