Market Research Report

Global Aloe Vera Extract Market Research Report: Forecast (2023-2028)

By Application (Pharmaceuticals and Supplements, Personal Care & Cosmetics, Food, Beverages), By Distribution Channel (Offline, Online), By Form (Gel, Liquid, Oil, Powder, Capsul...e and Tablets), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Company (Aloe King, Aloe Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare, Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co., Ltd., Verdeaurora, Yunnan Evergreen Biological Corporation) Read more

  • FMCG
  • Jul 2023
  • 187
  • CG33033

Market Definition

Aloe Vera, also known as “the plant of immortality,” is a short-stemmed shrub that contains more than 500 species of flowering-succulent plants and has been used for centuries owing to its medicinal benefits. Originating from the Arabian Peninsula, this genus is grown commercially in warm tropical areas and finds varied applications in industries like personal care & cosmetics, food & beverage, and healthcare, among others.

Market Insights & Analysis: Global Aloe Vera Extract Market (2023-28)

The Global Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast period, i.e., 2023-28. The growth of the market is projected to be propelled mainly by the ever-increasing consumer interest in natural & organic products and the growing awareness among people about the medicinal properties of aloe vera that help treat various illnesses, especially skin conditions like acne & pimples. The rising pollution levels, hectic lifestyles, and poor eating habits are stimulating several health issues worldwide. As a result, more & more people are adopting healthy lifestyles and consuming naturally-derived products, including aloe vera.

Globally, aloe vera gel or leaves are being used extensively for quick relief from fire burns, chemical injuries, & sun exposure. Massive investments by companies in R&D to introduce innovative products in order to gain an edge over their competitors and expand their global presence are also being observed worldwide, especially in India, China, & the US, i.e., contributing to the market growth. Among the emerging trends in the industry is the mounting use of aloe vera extracts in sugar-free beverages and their penetration in pharmaceuticals & supplements, which is creating new directions for the market to increase the  market size in the globe in recent coming years.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2022-2027) 8.8%
Regions Covered North America: The US, Canada, Mexico
South America: Brazil, Argentina, Rest of South America
Europe: The UK, Germany, France, Spain, Italy, Russia, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
Middle East & Africa: Saudi Arabia, The UAE, South Africa, Turkey, Egypt, Rest of Middle East & Africa
Key Companies Profiled Aloe King, Aloe Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare, Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co., Ltd., Verdeaurora, Yunnan Evergreen Biological Corporation
Unit Denominations USD Million/Billion

 

In addition, the increasing use of aloe vera-based cosmetic & personal care products like lipsticks, stretch mark creams, lotions, soaps, shampoos, etc., is another propellant for the industry. Moreover, the healthcare, cosmetic, and food & beverage sectors are excessively launching aloe-based products owing to the benefits of essential nutrients like vitamins, amino acids, enzymes, & sugars present in them, i.e., another notable aspect projected to drive the aloe vera extract market through 2028.


Global Aloe Vera Extract Market Research Report: Forecast (2023-2028)

Market Dynamics

Key Drivers: Shifting Consumer Preferences toward Naturally-Derived Products owing to their Health Benefits

For a few years, especially after the advent of Covid-19, the world is witnessing a rising interest of people of all age groups toward natural products, including aloe vera extracts. The major driving force for this trend is the increasing awareness among consumers of the various health benefits these plant extracts offer. As a result, there's the mounting utilization of aloe vera gels, whole leaf extracts, etc., to improve the skin & hair texture and reduce weight loss, among other health purposes, i.e., propelling the Global Aloe Vera Extract Market.

Growth Restraint: Growing Prevalence of Adulterated Products owing to Low Availability & High Costs of Original Aloe Vera Extracts

The world is witnessing a growing prevalence of adulterated products that do not exhibit the actual properties of pure aloe vera. Many synthetic extracts made of toxic chemicals that manufacturers add for the fragrance are penetrating globally. The prime reason behind this is the significantly low availability of original aloe vera extracts and, consequently, their high prices due to more demand. Hence, the high adulteration rate of these products is the most prominent growth restraint for the Global Aloe Vera Extract Market during 2023-28.

Market Segmentation

Based on Form:

  • Gel
  • Liquid
  • Powder
  • Oil
  • Capsules & Tablets

Of them all, gels hold the prominent share in the Global Aloe Vera Extract Market, and the same trend is likely during 2023-28. It ascribes to their ever-increasing use to treat sunburns & other such injuries and the mounting consumer demand for unprocessed aloe vera-based products that are free from ammonia, sulfur, & paraben.

Derived from the plant's inner leaf and comprising massive amounts of essential minerals, hormones, enzymes, vitamins, & amino acids, aloe vera gels in their topical application have demonstrated significant efficacy in treating numerous skin-related problems, including but not limited to pimples, acne, etc.

It is auxin & gibberellins hormones in these gels that aid in skin hydration, soothing, & nourishing. With rare allergies, safety in external use, and no reported reactions when used with other medications, aloe gels are the most preferred choice of consumers worldwide and thus hold a major share in the Global Aloe Vera Extract Market.

Based on Application:

  • Pharmaceuticals and Supplements
  • Personal Care & Cosmetics
  • Food & Beverages

Here, the personal care & cosmetic applications hold the majority market share. It owes to the mounting use of aloe vera extracts in skin, hair, & body care products, the shifting consumer preferences toward herbal & organic products, and the increasing incidence of skin-related issues worldwide.

More & more consumers are becoming aware of the harmful effects of chemically-derived cosmetics & personal care products and, in turn, showing a greater inclination toward natural & organic products that exhibit medicinal & herbal properties. In view of this, companies operating in these industries have started including naturally-derived ingredients like aloe vera extracts in their product offerings to cater to the burgeoning consumer requirements, thereby driving the industry.

Regional Projection

Geographically, the Global Aloe Vera Extract Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Among all regions globally, Asia-Pacific is the clear leader in the Aloe Vera Extract Market. In the region, China, India, Thailand, & Australia are the major contributors to the regional market growth owing to the mounting demand for aloe vera extracts in the pharmaceutical & cosmetics sectors, increased consumer spending on functional foods, and natural cosmetic & personal care products, coupled with the rising incidence of skin-related diseases across these countries.

India is evolving as the fastest-growing cosmetics industry with the growing penetration of herbal cosmetic product manufacturers across the country. On the other hand, more & more people are focusing on their fitness and hence are increasingly adopting aloe vera-based nutritional supplements & health drinks as they promote digestive health, reduce inflammation, & enhance immunity.

On the other hand, China has an extensive presence of aloe vera producers and a vast population of aloe juice consumers. The increasing health consciousness among the Chinese people and their willingness to spend extra on health products are creating new avenues for the Asia-Pacific Aloe Vera Extract Market to expand its size in the coming years.

Recent Developments in the Aloe Vera Extract Market

  • In August 2022, Faces Canada, in its quest for healthier, softer, & more youthful skin, unveiled Pink Aloe Vera as a new wonder ingredient that offers multi-faceted properties to soothe, cool, & hydrate skin with deep-acting nutrients.
  • The same year in May, Juicy Chemistry launched yet another range of innovative products, a brand new multi-purpose Aloe Vera Gel & Aloe Vera Juice in the Indian Market.
  • In August 2021, Forever Living introduced a new lightweight formula Aloe Body Lotion to quickly deliver the benefits of pure aloe vera & other moisturizing ingredients, making it ideal as an everyday moisturizer to soften skin & leave it feeling smooth, hydrated, & healthy.

Gain a Competitive Edge with Our Global Aloe Vera Extract Market Report

  1. Global Aloe Vera Extract Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Aloe Vera Extract Market aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Global Aloe Vera Extract Market is expected to record around 8.8% CAGR during 2023-28.

   A. The growing interest of consumers in naturally-derived products, coupled with their increasing awareness about the health-benefiting properties of aloe vera, are the prime factors projected to drive the Global Aloe Vera Extract Market during 2023-28.

   A. Aloe King, Aloe Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare, Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co. Ltd., Verdeaurora, and Yunnan Evergreen Biological Corporation are the key players operating in the Global Aloe Vera Extract Market.

   A. The rising prevalence of adulterated products owing to low availability & high costs of original aloe vera extracts is the major aspect projected to hinder the growth of the Global Aloe Vera Extract Market through 2028.

   A. The personal care & cosmetics application is projected to provide profitable prospects to the major companies in the Global Aloe Vera Extract Market during 2023-28.

   A. Asia-Pacific would continue creating new avenues for the Aloe Vera Extract Market to expand at a considerable growth rate in the years ahead.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Preface
  4. Executive Summary
  5. Impact of Covid-19 on Global Aloe Vera Extract Market
  6. Global Aloe Vera Extract Market Trends & Insights
  7. Global Aloe Vera Extract Market Dynamics
    1. Drivers
    2. Challenges
  8. Global Aloe Vera Extract Market Regulations & Policies
  9. Global Aloe Vera Extract Market Supply Chain Analysis
  10. Global Aloe Vera Extract Market Hotspots & Opportunities
  11. Global Aloe Vera Extract Market Outlook, 2017-2027FF
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
        1. Pharmaceuticals and Supplements
        2. Personal Care & Cosmetics
        3. Food & Beverages
      2. By Distribution Channel
        1. Offline
        2. Online
      3. By Form
        1. Gel
        2. Liquid
        3. Oil
        4. Powder
        5. Capsules & Tablets
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies, By Revenues
  12. North America Aloe Vera Extract Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Distribution Channel
      3. By Form
      4. By Country
        1. The US
        2. Canada
        3. Mexico
      5. The US Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      6. Canada Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      7. Mexico Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
  13. South America Aloe Vera Extract Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Distribution Channel
      3. By Form
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
      5. Brazil Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      6. Argentina Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
  14. Europe Aloe Vera Extract Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Distribution Channel
      3. By Form
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Rest of the Europe
      5. Germany Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      6. The UK Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      7. France Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      8. Italy Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      9. Spain Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      10. Russia Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
  15. Middle East & Africa Aloe Vera Extract Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Distribution Channel
      3. By Form
      4. By Country
        1. Saudi Arabia
        2. The UAE
        3. South Africa
        4. Turkey
        5. Egypt
        6. Rest of the Middle East & Africa
      5. Saudi Arabia Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      6. The UAE Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      7. South Africa Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      8. Turkey Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      9. Egypt Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
  16. Asia-Pacific Aloe Vera Extract Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. By Revenues (USD Billion)
    2. Market Share & Analysis
      1. By Application
      2. By Distribution Channel
      3. By Form
      4. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia-Pacific
      5. China Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      6. Japan Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      7. India Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      8. South Korea Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
      9. Australia Aloe Vera Extract Market Outlook, 2017-2027F
        1. Market Size & Analysis
          1. By Revenues (USD Billion)
        2. Market Share & Analysis
          1. By Application
          2. By Distribution Channel
          3. By Form
  17. Global Aloe Vera Extract Market Key Strategic Imperatives for Growth & Success
  18. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Aloe King
      2. Aloe Laboratories
      3. Aloe Vera Australia
      4. Aloe Vera Farm Mallorca S.L.
      5. Aloevera Fertilizer
      6. Alpspure Lifesciences Pvt. Ltd.
      7. Ashland
      8. Botanica Healthcare
      9. Finca Canarias
      10. Forever Lifestyle Products
      11. Nature’s Essence Pvt. Ltd.
      12. PIJ Holdings Sdn Bhd
      13. Terry Laboratories
      14. Taishan AGHG Aloe Products Co., Ltd.
      15. Verdeaurora
      16. Yunnan Evergreen Biological Corporation
  19. Disclaimer


Aloe Vera Extract Market - Segmentation Slide