Aloe Vera, be it raw or in the form of lotions, gels, creams, lotions, etc., has become one of the most commonly used plants in cosmetics & pharmaceuticals. Originating in warm conditions, this plant is cultivated in tropical or sub-tropical regions, mainly in Africa. However, due to its great adaptability, it is now flourished in any place with a warm environment.
With the growing utilization of aloe vera for skin treatments like burns or bruises, as a health drink, and in several cosmetics, there are increasing opportunities for its producers worldwide. And in view of this, a recent research study has projected around 8.8% CAGR for the Global Aloe Vera Extract Market between 2022 & 2027, which would be driven mainly by the mounting consumer interest in natural or plant-based products, coupled with the growing awareness of the medicinal characteristics of aloe vera that aid in the treatment of various illnesses, especially skin conditions, induced by poor eating habits, hectic lifestyles, and the ever-growing pollution levels. Hence, as more & more people are adopting healthy lifestyles & naturally-derived products, it is amplifying the demand for aloe vera extracts, and, consequently, propelling the industry's expansion worldwide.
Some Key Aspects Associated with Aloe Vera Worldwide
What does the Future Hold for the Aloe Vera Extract Industry?
There is hardly any plant that can display such a great variety of scientifically-proven active pharmaceutical ingredients as aloe vera. Hence, there's no surprise that for years, it has been used broadly in cosmetics, food & beverages, healthcare, & many other sectors, and no other option is currently available in the market equivalent to it. The ease of extraction & processing with aloe vera gels has evolved them as a nano drug carrier, with their growing usage in the controlled delivery of Vitamin C & Aspirin. Hence, with abundant availability & varieties throughout the world, aloe vera has an opportunistic scope in drug delivery.
People in European countries are rigorously adopting nutritional supplements & health products and turning to naturally-derived products & remedies to improve their overall health & well-being. Due to this trend, healthcare product manufacturers are seeing natural ingredients as a mega growth opportunity and are increasingly developing aloe-based products. All these aspects are set to create new avenues for the companies involved in the aloe vera extract market to expand and generate significant revenues in the years to come.