Aloe Vera Extract Market: Global Industry Analysis And Forecast (2022-2029)

Aloe Vera Extract Market was valued at 2.00 Bn. in 2021. Global Aloe Vera Extract Market size is estimated to grow at a CAGR of 7.8% during the forecast period.
Aloe Vera Extract Market Overview:
Aloe vera is a wet plant species belonging to the aloe genus. It primarily grows in tropical climates in a various countries across the globe. Aloe vera is commonly grown for food, cosmetics, and therapeutic purposes. Aloe vera leaves include phytochemicals such acetylated mannans, polymannans, anthraquinone C-glycosides, anthrones, additional anthraquinones like emodin, and different lectins that are being studied for putative bioactivity. Extracts of aloe vera are widely used in the culinary, pharmaceutical, and cosmetics industries.To know about the Research Methodology :- Request Free Sample Report

Aloe vera-based goods such as powders, gels, capsules, beverages, and concentrates are made with the aloe vera extracts. Aloe vera is used to treat a variety of problems, including skin conditions, cardiovascular disease, and weight loss, which is boosting the consumption of product among consumers across the globe. The Aloe Vera wholesale price from US was US$ 1.69 per kg on 30th Dec, 2021.
Aloe Vera Extract Market Dynamics:
Aloe Vera extracts are commonly used to cure a variety of ailments, including skin disorders, hair loss, gum disease, and cancer. Increased pollution combined with a fast-paced lifestyle has resulted in a rise in the occurrence of such health problems, which is fueling the aloe vera market growth. Increased diabetes cases are expected to open up new opportunities for the sector, as many diabetic patients are increasingly embracing herbal extracts to treat their ailment. For instance, according to World Health Organization (WHO), diabetes was the ninth largest cause of death, responsible for an estimated 1.5 million fatalities in 2021.

Aloe vera extract is gaining popularity among a large portion of the global population thanks to the, the vast range of benefits it provides. As a result, companies in the personal care and cosmetics industries are introducing natural ingredients into their products, such as aloe vera extracts. Aloe vera extract is increasingly being used in cosmetics such as creams, lotions, soaps, and shampoos. These factors has a significant beneficial impact on the aloe vera extracts market across the globe.

The aloe Vera gel or leaves are used to provide immediate relief from a variety of burns, including fire burns, chemical burns, and sun exposure. In addition, an increase in the use of aloe Vera products in hospitals is another factor expected to drive aloe vera extract market growth during the forecast period. Aloe Vera is utilised in a variety of cosmetic items such as skin tanning cream, lipsticks, stretch mark cream, moisturiser, soap, and others, which is also expected to uplift the aloe vera extract market growth over the forecast period.

In recent years, aloe vera extract has become increasingly popular among people of all ages across the globe. This rising awareness of the health benefits that aloe vera extracts provide are driving the demand of product. This product can assist to improve the texture of skin and hair. Apart from that, aloe vera extracts are becoming increasingly popular for weight loss. All of these benefits suggest that the aloe vera extracts market is expected to experience significant growth during the forecast period.
Aloe Vera Extract Market Segment Analysis:
Based on the Type, the Aloe Vera Extract Market is segmented into Capsule or Tablet, Powder, Liquid, and Gels. The Liquid segment held the largest market share, accounting for 67.16% in 2021. Herbal extracts in form of liquid are being used more frequently as people become more aware of the importance of skin health, which is driving the segment growth. In addition, aloe Vera extract can be used to treat sunburns or burn injuries, which is projected to boost demand for liquid products.

Based on the Application, the Aloe Vera Extract Market is segmented into Food, Pharmaceuticals, and Cosmetics. The Cosmetics segment held the largest market share, accounting for 43.7% in 2021. The growing use of aloe vera extracts in cosmetics such as skin, hair, and body care products are primarily driving the market growth for this segment. The demand for herbal and organic products is fueled by growing consumer preference and awareness. In addition, a growing senior population and an increase in incidences of skin issues are expected to boost the adoption of aloe vera extract during the forecast period.

The Pharmaceuticals segment is expected to witness a significant growth at a CAGR of 7.61% during the forecast period. The growing usage of herbal medicines to address a variety of health concerns, such as diabetes, is boosting product demand for the segment. As aloe Vera juice is extensively used for weight loss, strengthening immunity, and improving digestion, increased knowledge about healthy lifestyle practices is expected to drive product demand in the pharmaceutical sector.
Aloe Vera Extract Market Regional Insights:
The Asia Pacific region held the largest market share accounted for 32.71% in 2021. Asia Pacific region’s largest revenue generators are China and India as they are dominant producer of aloe vera product. The growth of the pharmaceutical and cosmetics sectors is a major driver of market growth in this region. The demand for skincare and cosmetic goods is expected to rise in tandem with rising per capita income levels and a growing population.

The India has the world's fastest-growing cosmetics market. For instance, the growing concentration of herbal product producers such as Patanjali, Dabur, and Himalaya Drug Company of India are driving the product demand in the region.

North America region is expected to witness significant growth at a CAGR of 8.13% during the forecast period. The region’s growth is attributed to the presence of a significant number of major product manufacturers, particularly in the United States. The regional market is being driven by rising product usage for cancer, diabetes, and other diseases. Europe is also one of the most promising markets, with significant growth at a CAGR of 7.6% over the forecast period. The demand for aloe Vera products is expected to rise as people become more aware of the possible health advantages. In addition, customer inclination for natural and herbal cosmetics is expected to fuel market opportunities through the forecast period.

The objective of the report is to present a comprehensive analysis of the global Aloe Vera Extract Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Aloe Vera Extract Market dynamic, structure by analyzing the market segments and projecting the Aloe Vera Extract Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the Aloe Vera Extract Market make the report investor’s guide.
Aloe Vera Extract Market Scope: Inquiry Before Buying



Aloe Vera Extract Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 2.00 Bn.


Forecast Period 2022 to 2029 CAGR:
7.8%
Market Size in 2029:
US $ 3.65 Bn.


 Segments Covered:
by Type
• Capsule or Tablet
• Powder
• Liquid
• Gels


by Distribution Channel
• Offline
• Online


by Application
• Food
• Pharmaceuticals
• Cosmetics



Aloe Vera Extract Market by Region
• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa
Aloe Vera Extract Market Key Players
• Terry Laboratories Inc.
• Cady products LLC
• Houssy Global
• Pharmachem Laboratories Inc.
• Calmino Group AB
• LR Health &amp
• Beauty Systems GmbH
• Vedova's Herbal Care Aloe Laboratories Inc.
• Pokonobe Inc.
• Lily of the Desert Organic Aloeceuticals
• Foodchem International Corporation
• Aloe Farms Inc.
• Natural Aloe Costa Rica S.A.
• Aloecorp Inc.
• Roche
• oxygenceuticals

Frequently Asked Questions:

1] What segments are covered in the Aloe Vera Extract Market report?
Ans. The segments covered in the Aloe Vera Extract Market report are based on Type, Distribution Channel, and Application.

2] Which region is expected to hold the highest share in the Aloe Vera Extract Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Aloe Vera Extract Market.

3] What is the market size volume of the Aloe Vera Extract Market by 2029?
Ans. The market size of the Aloe Vera Extract Market by 2029 is US$ 3.65 Bn.

4] What is the forecast period for the Aloe Vera Extract Market?
Ans. The forecast period for the Aloe Vera Extract Market is 2021-2029.

5] What was the market size volume of the Aloe Vera Extract Market in 2021?
Ans. The market size of the Aloe Vera Extract Market in 2021 was US$ 2.00 Bn.