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Aloe Vera Juice Market Research Report Information By Distribution Channel (Hypermarkets/Supermarkets, Departmental Stores, Online Retail And Medical Stores), By Flavor Type (Flavored And Unflavored), By Application (Food and Beverage Products, Cosmetics, Medicine And Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032

ID: MRFR/F-B & N/20497-HCR | 128 Pages | Author: Sejal Akre| July 2024

Global Aloe Vera Juice Market Overview

Aloe Vera Juice Market Size was valued at USD 13.5 Billion in 2023. The Aloe Vera Juice industry is projected to grow from USD 14.4 Billion in 2024 to USD 23.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). The growing demand for plant-based nutritional drinks and the increasing acceptance of aloe vera by the people are the key market drivers that are enhancing market growth.

Aloe Vera Juice Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Aloe Vera Juice Market Trends

  • The rising prevalence of obesity, combined with the requirement for aloe vera drinks for weight loss, is driving the market growth.

Consumers' need for weight-management solutions has been a major driver driving the market CAGR for aloe vera-based drinks in recent years. The global number of overweight people has increased considerably. Obese and overweight people are more likely to develop chronic conditions like diabetes and heart disease. Obesity is common worldwide, according to the World Health Organisation. Obesity prevalence has doubled worldwide from 1975 to 2020. In 2020, there will be more than 2 billion overweight adults. Over 600 million were fat. In Europe, more than half of the population is obese, with up to 30% obese, and the situation is developing rapidly. More than half of the global adult population is expected to be overweight by 2030. In addition, the pandemic has increased demand for plant-based immune-boosting foods and beverages around the world. These aloe vera-based drinks are rich in micronutrients, which help the body resist free radical damage and boost immunity. These tendencies provide the product with additional growth opportunities.

Moreover, the increased demand for packaged aloe vera juice has prompted many key suppliers in the market of aloe vera juice to focus on releasing new products with novel packaging in order to attract customers. Also, vendors have been focusing on eco-friendly and recyclable packaging options to improve sustainability. Vendors are offering unique packaging styles and solutions to increase customer demand for aloe vera juice. The container should not only protect and preserve the juice but also capture the attention of buyers. It communicates the juice's strength and attributes, convincing the buyer to buy it. Consumers are increasingly concerned about environmental and sustainability issues, and they want corporations to take the lead in this area. Vendors are increasingly using biodegradable materials like cardboard for aloe vera juice packaging. Thus, increased use of sustainable and creative packaging is likely to drive growth in the worldwide aloe vera juice industry throughout the forecast period.

Organized retailers have seen an expansion in major nations such as the United States and India, which is incredibly favorable to vendors in the global aloe vera juice industry. Aloe vera juice is now widely distributed and marketed through supermarkets, hypermarkets, convenience stores, and discount stores. Increased urbanization in APAC and South America has had a favorable impact on the number of organized retail locations in these regions. Also, the number of supermarkets in the United States increased by 6% between 2023 and 2031. Furthermore, some large countries, including Brazil, the United Kingdom, Germany, Italy, Spain, China, Canada, France, Australia, and Japan, have a high level of organized retail outlet penetration within their borders. Thus, driving the aloe vera juice revenue.

Segment Insights

Aloe Vera Juice Distribution Channel Insights

The Aloe Vera Juice Market segmentation, based on Distribution Channels, includes Hypermarkets/Supermarkets, Departmental Stores, Online Retail, And Medical Stores. The hypermarkets/supermarkets category dominated the market for aloe vera juice in 2023. The demand for the hypermarket/supermarket segment in the aloe vera juice industryis increasing due to the convenience and comprehensive product selections provided by these retail outlets. Hypermarkets and supermarkets provide a one-stop shopping experience, allowing customers to find a wide variety of Aloe Vera Juice brands and goods under one roof. The availability of multiple sizes, flavors, and brands in these large-format stores expands customer options and allows for easy comparison, adding to the growing popularity of hypermarkets/supermarkets as a key distribution channel for Aloe Vera juice.

Figure 1: Aloe Vera Juice Market, by Distribution Channel, 2023 & 2032 (USD Billion)

Aloe Vera Juice Market, by Distribution Channel, 2023 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Aloe Vera Juice Flavor Type Insights

Flavored and Unflavored are the two flavor types in the Aloe Vera Juice Market. During the forecast period, the flavored market of aloe vera juice increased substantially (CAGR). Consumers' desire for improved taste profiles is driving increasing demand in the flavored Aloe Vera Juice industry. Flavored Aloe Vera Juices improve the flavor and texture of Aloe Vera by removing the natural bitterness. Companies are experimenting with novel flavors, such as fruit combinations, citrus, and herbal infusions, in order to reach a bigger audience. This variation appeals to people who want a refreshing and appetizing beverage while also reaping the potential health advantages of Aloe Vera.

Aloe Vera Juice Application Insights

The global NGS-based RNA sequencing Market segmentation by application includes Food and Beverage Products, Cosmetics, Medicine, And Others. The food and beverage products segment dominated the Aloe Vera Juice Market in 2023. The demand for Aloe Vera Juice in the food and beverage goods market is increasing as consumers want healthier, more natural ingredients. Aloe Vera is rapidly being used in beverages, snacks, and other foods due to its supposed health benefits. As customers seek functional and wellness-oriented products, Aloe Vera Juice emerges as an appealing option, with possible digestive health advantages and nutritional value. Aloe Vera's versatility in improving the health profile of food and beverage items contributes to rising demand in this market.

Aloe Vera Juice Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America aloe vera juice market is expected to have the greatest market share by the end of 2032, owing to the increased prevalence of skin illnesses such as psoriasis and eczema. For instance, almost 7.4 million people in the United States suffer from psoriasis, and more than 30 million have some eczema. Aloe vera juice is commonly used to treat such ailments due to its cooling, calming, antiviral, and moisturizing properties. Furthermore, rising awareness of aloe vera's health advantages, an aging population, the presence of important producers in the region, and the growing popularity of natural food products are expected to drive the aloe vera juice industry in the region.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea.

Figure 2: Aloe Vera Juice Market Share By Region 2023 (USD Billion)

Aloe Vera Juice Market Share By Region 2023

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Aloe Vera Juice Market accounts for the second-largest market share. The region's increased focus on health and wellness trends has driven demand for natural and functional beverages such as Aloe Vera Juice. Furthermore, a strong retail infrastructure, including widespread availability in supermarkets and health food stores, has helped to enhance accessibility.  Further, the German market for aloe vera juice held the largest market share, and the UK aloe vera juice industry was the fastest-growing market in the European region.

The Asia-Pacific Aloe Vera Juice Market is expected to grow at the fastest CAGR from 2024 to 2032. Aloe-based juice or drink is a traditional beverage that is popular in many countries, including India, South Korea, and Japan, because of its numerous health benefits, including improved liver function, nutritional boost, increased hydration, and digestive benefits. Moreover, China’s Aloe Vera Juice Industry held the largest market share, and the Indian market for aloe vera juice was the fastest-growing market in the Asia-Pacific region.

Aloe Vera Juice Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Aloe Vera Juice Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Aloe Vera Juice industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Aloe Vera Juice industry to benefit clients and increase the market sector. In recent years, the Aloe Vera Juice industry has offered some of the most significant advantages to medicine. Major players in the Aloe Vera Juice Market, including Nature's Way Products, NOW Health Group, Forever Living Products (it), Lily of the Desert, Herbalife International, and others, are attempting to increase market demand by investing in research and development operations.

The Baidyanath Group is an Ayurvedic pharmaceutical firm in India. Shree Baidyanath Ayurved Bhawan (Pvt) Limited was founded in 1917 by two brothers: Vaidya Pandit Ram Narayan Sharma and his brother Pandit Ram Dayal Joshi. Sharma and Pandit began large-scale production of Ayurvedic formulations from the following centers: Kolkata (1921), Patna (1940), Jhansi (1941), Nagpur (1942), and Prayagraj (1958). In January 2019, Baidyanath Group, an Indian pharmaceutical business that pioneered Ayurvedic medicines, introduced a variety of natural juices, including aloe vera, gooseberry, black plum, and bitter gourd.

Raylex Brands, a UK-based manufacturer of plant-based, functional beverages, was founded in 2014 with the goal of making the world healthier one sip at a time. In July 2019, Raylex Brands purchased WOW Drinks, a UK juice and beverage firm, in order to broaden its plant-based beverage offerings. Raylex, which owns Simple Aloe Vera drinks and 420 CBD-infused beverages, stated that the acquisition will help it reach its goal of developing a portfolio of plant-based beverages.

Key Companies in the Aloe Vera Juice Market include

  • Nature's Way Products

  • NOW Health Group

  • forever living products (it)

  • Lily of the Desert

  • Herbalife International

  • Terry Laboratories

  • Aloe Farms

  • Alo Drink

  • OKF Corporation

  • Dynamic Health Laboratories

Aloe Vera Juice Industry Developments

In April 2021, Veganic, a Dublin-based company, announced plans to provide Ireland's 100% organic and plant-based Aloe Vera fruit drinks to the United States market. According to company executives, they will introduce its 100% organic and plant-based Aloe Vera with Apple juice in the United States. Aloe Verafruit juices date back to ancient Egypt, where it was known as the "plant of immortality."

In October 2021, To cater to the health-conscious trend, Sappe PCL offered two new flavors in the Sappe Aloe Vera drink line to the refreshment market. Sappe's latest flavors, honey-lemon and peach, contain aloe vera pulp particles and will provide Gen-Z customers with the full benefits of aloe vera in every mouthfeel.

Aloe Vera Juice Market Segmentation

Aloe Vera Juice By Distribution Channel Outlook

  • Hypermarkets/Supermarkets

  • Departmental Stores

  • Online Retail

  • Medical Stores

 Aloe Vera Juice By Flavor Type Outlook

  • Flavored

  • Unflavored

Aloe Vera Juice By Application Outlook

  • Food and Beverage Products

  • Cosmetics

  • Medicine

  • Others

Aloe Vera Juice Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 13.5 Billion
Market Size 2024 USD 14.4 Billion
Market Size 2032 USD 23.1 Billion
Compound Annual Growth Rate (CAGR) 7.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Distribution Channel, Flavor Type, Application, End-user, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea
Key Companies Profiled Nature's Way Products, NOW Health Group, Forever Living Products (it), Lily of the Desert, Herbalife International, Terry Laboratories, Aloe Farms, Alo Drink, OKF Corporation, Dynamic Health Laboratories
Key Market Opportunities Advances in extraction techniques
Key Market Dynamics The growing acceptance of aloe Vera by the population

Frequently Asked Questions (FAQ) :

The Aloe Vera Juice Market size was valued at USD 13.5 Billion in 2023.

The global market is projected to grow at a CAGR of 7.00% from 2024 to 2032.

North America had the largest share in the global market.

The key players in the market are Nature’s Way Products, NOW Health Group, Forever Living Products (it), Lily of the Desert, Herbalife International

The food and beverage products category dominated the market in 2023.

The flavored category had the largest share of the global market.

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