Rising awareness about the health benefits offered by aloe vera is expected to augment the Aloe Vera Products Market at a healthy CAGR of 6.70% during the forecast period of 2022 to 2030
Research Reports
Dec 28, 2022
Aloe Vera Products Market Insights
According to market research future insights analysis, the global aloe vera products market is expected to register a CAGR of 6.70% from 2022 to 2030 and hold a value of over USD 413 million by 2030.
Aloe vera is used in many sectors, including food, drinks, cosmetics, pharmaceuticals, and so forth, and has several advantages. Aloe vera has also been helpful in several conditions, such as skin issues, constipation, diabetes-related foot ulcers, teeth and gum issues, antimicrobial properties, and U.V. radiation protection. The advantages of aloe vera are being studied in several different contexts besides its current applications. Aloe vera’s uses should be expanded as a result, and several new products aimed at newer indications may be introduced. as a result, aloe vera products are in high demand. Furthermore, as ailments linked to a sedentary lifestyle are growing more common, consumers worldwide are becoming more health-conscious. This tendency has led customers to believe that natural products, such those made with aloe vera, are safer and healthier than their processed or chemically made counterparts. The high level of customer acceptance is another significant factor promoting the market expansion for aloe vera products.
Regional Analysis
Asia Pacific dominated the aloe vera products market in 2021. The market growth in this area is primarily driven by the developing pharmaceutical and cosmetic industries. The demand for skincare and cosmetic products is anticipated to increase as the population grows and per capita income levels rise. The product’s expanding use has also aided the market growth in the healthcare industry.
North America is expected to register lucrative growth in the aloe vera product market due to numerous huge goods producers, particularly in the United States. The regional market is driven by rising product usage for treating diabetes, cancer, and other conditions. The demand is anticipated to increase as people become aware of the potential health benefits of aloe vera products.
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Market Segmentation
The global aloe vera products market has been segmented into type, category, and distribution channels.
Based on type, the aloe vera products market has been segmented into gels, juices, powders, and others. The juices category accounted for the largest share of the market in 2021. The use of herbal extracts like aloe vera juice has increased as people’s knowledge of skin health has grown. This might aid in the growth of the segment. Juice from aloe vera plants contains several substances with laxative properties. It contains a lot of antioxidants, which aid in the battle against free radicals. The body experiences less oxidative stress, which lowers your risk of developing chronic diseases like diabetes, heart disease, or even cancer.
Based on category, the market has been segmented into organic and conventional. The organic category accounted for the largest share of the aloe vera products market in 2021. The reason is the growing desire for organic goods, which provide health advantages over ordinary aloe vera gel, which may contain pesticides and other dangerous substances.
Based on distribution channels, the market has been segmented into store-based, [hypermarkets and supermarkets, convenience stores, and others] and non-store-based. The non-store-based category accounted for the largest share of the aloe vera products market in 2021. Online sales channels are expanding significantly as more people use the internet in various nations.
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Key Players
Some key market players are Aloe Vera Australia (Australia), Aloe Plus Lanzarote S.L (Spain), Lily of the Desert (U.S.), NOW Health Group, Inc. (U.S.), Forever Living.com, L.L.C. (U.S.), Okyalo Co., Ltd (China), Real Aloe Solutions Inc. (U.S.), Patanjali Ayurved Limited (India), Herbalife International of America, Inc. (U.S.), Sarvliving (India), Green Leaf Naturals (U.S.), Warren Laboratories LLC (U.S.), Lakewood Juice Company (U.S.), Biofinest (U.S.), The Nature’s Bounty Co (U.S.), and L.R. Health & Beauty Systems GmbH (Germany).
Read Our Related Report –
Organic Beauty and Personal Care Ingredients Market Research Report Forecast Till 2030
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