The MRFR report suggests that the global market for aloe vera products is estimated to attain a size of over USD 413 Million by the end of during the forecast period. Furthermore, the report predicts that the market will thrive at a healthy CAGR of over 6.70% during the assessment era.
The primary characteristic of the aloe vera plant is that it is high in water content, varying from 99% to 99.5%. In comparison, the rest 0.5% to1.0% of solid material contains over 200 various potentially active compounds, including organic acids, phenolic compounds, enzymes, vitamins, simple and complex polysaccharides, and minerals. Therefore, it is used widely in the form of creams for treating bites, abrasions, cuts, stings, and several types of sprains and strains affecting muscles and joints. Aloe vera ointments, gels, and creams contain the clear gel found in aloe vera leaves. Aloe is available for sale in the market in capsule or liquid form to take internally to enhance well-being and health. The global market for aloe vera products has registered rapid growth recently. The market's growth is mainly attributed to the growing awareness regarding the health benefits offered by these products.
The aloe vera products Industry has been segmented based on type, category, distribution channel, and region.
By type, the global market has been classified as gels, juices, powders, and others. The juices segment is expected to account for the largest share and is also projected to be the fastest-growing segment during the review period due to the high consumption of aloe vera juices.
Based on category, the global market has been bifurcated into organic and conventional. The conventional segment holds the larger market share and the organic segment is expected to register the higher CAGR during the review period.
The global market has been divided, on the basis of distribution channel, into store-based and non-store-based. The store-based segment has further been classified as hypermarkets and supermarkets, convenience stores, and others. The store-based segment is expected to hold the larger share of the global market from 2022 to 2030. However, the non-store-based segment is expected to register the higher growth rate during the forecast period.
The global aloe vera products industry has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American aloe vera products industry has further been segmented into the US, Canada, and Mexico.
The European aloe vera products industry has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe.
The aloe vera products Industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific.
The aloe vera products industry in the rest of the world has been segmented into South America, the Middle East, and Africa.
Aloe Vera Australia (Australia), Aloe Plus Lanzarote S.L (Spain), Lily of the Desert (US), NOW Health Group, Inc. (US), Forever Living.com, L.L.C. (US), Okyalo Co., Ltd (China), Real Aloe Solutions Inc. (US), Patanjali Ayurved Limited (India), Herbalife International of America, Inc. (US), Sarvliving (India), Green Leaf Naturals (US), Warren Laboratories LLC (US), Lakewood Juice Company (US), Biofinest (US), The Nature's Bounty Co (US), and LR Health & Beauty Systems GmbH (Germany) are some of the key players in the global aloe vera products industry.
Regional Market Summary:
Global Aloe Vera Products Market Share (%), by Region, 2021
Source: Secondary Sources and MRFR Analysis
The market in Asia-Pacific is projected to account for the lion’s share of the global market and exhibit an impressive CAGR during the forecast period. India and China are among the major markets contributing to the regional market growth. Moreover, increasing awareness among consumers regarding the properties of aloe vera products such as antimicrobial, antioxidant, aphrodisiac, anti-inflammatory, anti-helminthic, antifungal, and antiseptic is expected to drive the growth of the aloe vera industry.
Global Aloe Vera Products Market, by Type
Global Aloe Vera Products Market, by Category
Global Aloe Vera Products Market, by Distribution Channel
Global Aloe Vera Products Market, by Region
|Market Size||USD 413 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Category, By Distribution Channel, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Aloe Vera Australia (Australia), Aloe Plus Lanzarote S.L (Spain), Lily of the Desert (US), NOW Health Group Inc. (US), Forever Living.com L.L.C. (US), Okyalo Co. Ltd (China), Real Aloe Solutions Inc. (US), Patanjali Ayurved Limited (India), Herbalife International of America Inc. (US), Sarvliving (India)|
|Key Market Opportunities||Growing awareness regarding the health benefits offered by these products|
|Key Market Drivers||Used widely in the form of creams for treating bites, abrasions, cuts, stings|
aloe vera products market is projected to grow at a 6.70% CAGR between 2022-2030.
The APAC region is expected to dominate the aloe vera products market.
The aloe vera products market is predicted to touch USD 413 Million by 2030.
Juice segment will lead the aloe vera products market.
Conventional segment will dominate the aloe vera products market.