Market Size of Aloe Vera-Based Drinks Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 155.16 Million |
| Market Size (2029) | USD 260.28 Million |
| CAGR (2024 - 2029) | 10.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aloe Vera-Based Drinks Market Analysis
The Aloe Vera-Based Drinks Market size is estimated at USD 155.16 million in 2024, and is expected to reach USD 260.28 million by 2029, growing at a CAGR of 10.90% during the forecast period (2024-2029).
- The demand for aloe vera-based drinks is rising among consumers due to rising consciousness towards vitamin-deficiency conditions promoting the growth of such drinks. The plant extracts contain over 200 biologically-active components, including essential vitamins and minerals, natural sugars and agents, amino acids, and enzymes that stimulate the immune system and promote healing. Aloe Vera-based drinks are recommended for diabetics, heart patients, and allergies as well, which is further supplementing the market growth at the global level.
- Also, the rising application of aloe vera for multiple purposes such as health care, cosmetics, food, and other applications supports these markets, further complementing the growth of aloe vera-based drinks in forecast years. However, bloating and digestive issues caused by such drinks are expected to act as market restraining factors.
