Aloe Vera Extract Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.20 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aloe Vera Extract Market Analysis
The global aloe vera extracts market is growing at a CAGR of 7.2% during the forecast period (2019-2024).
- The market is mainly driven by the growing awareness regarding the medicinal properties of aloe vera in the treatment of maladies including diabetes, skin and hair diseases. Also, its use in personal care products (such as cream, lotion, soap, shampoo) and as an ingredient in food and beverages in recent years has been growing significantly and is fueling the market growth.
- Favorable government regulatory bodies, such as International Aloe Science Council provides certification for verified growers, processors, marketing companies and testing laboratories to encourage them to increase the production of aloe vera. In addition, the regulatory bodies are also promoting the use of aloe vera in a wide range of products including dietary supplements, skincare products, and beverages.
Aloe Vera Extract Market Trends
This section covers the major market trends shaping the Aloe Vera Extract Market according to our research experts:
Increased consumption as dietary supplements
Demand for the use of aloevera extract is increasing in the recent years owing to its medicinal benefit it provides to treat many maladies. In addition, favorable regulatory bodies guidelines have led a significant growth of the market. For instance, FDA approved Aloe vera ointment as an over-the-counter medication for skin burns back in 1959. Also, SEFAP has noted the current increasing trend for consumption of food supplements in Italy between the time period 2009 and 2016.
Asia-Pacific to drive the market
Asia-Pacific is dominating the global market of aloe vera extracts, owing to the increased awareness regarding the benefits of aloe vera extracts. Countries such as China and India are driving the region's market owing to its growing demand in the pharmaceutical and cosmetics industries. Also, the functional food industry has been growing steadily which is further fueling the market growth. For instance, Harmony Green America, Inc. launched an organic aloe vera juice in EVOH Bottle. In addition, factors such as increasing spending more towards functional foods, cosmetic and personal care products, has been resulting in the demand to augment the aloe vera extract market in the Asia-Pacific region.
Aloe Vera Extract Industry Overview
The global market for aloe vera extracts is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Few of the major players in the global aloe vera market includes Agromayal Botánica S.A. de C.V., Aloe Jaumave S.A de C.V, Aloe Laboratories, Aloe Queen Inc. and Aloecorp among others.
Aloe Vera Extract Market Leaders
Agromayal Botánica S.A. de C.V.
Aloe Jaumave S.A de C.V
Aloe Laboratories
Aloe Queen Inc.
Aloecorp
*Disclaimer: Major Players sorted in no particular order
Aloe Vera Extract Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Bargaining Power of Suppliers
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Threat of New Entrants
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Product Form
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5.1.1 Gel
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5.1.2 Liquid
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5.1.3 Capsules/Tablets
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5.1.4 Powder
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5.1.5 Oil
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5.1.6 Other Product Forms
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5.2 Application
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5.2.1 Pharmaceuticals
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5.2.2 Foods
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5.2.3 Beverages
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5.2.4 Personal Care Products
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 Germany
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5.3.2.4 France
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5.3.2.5 Italy
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5.3.2.6 Russia
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5.3.2.7 Rest of Europe
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5.3.3 Asia Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle East and Africa
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5.3.5.1 South Africa
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5.3.5.2 Saudi Arabia
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5.3.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Agromayal Botanica S.A. de C.V.
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6.3.2 Aloe Jaumave S.A de C.V
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6.3.3 Aloe Laboratories
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6.3.4 Aloe Queen Inc.
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6.3.5 Aloecorp
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6.3.6 Natural Aloe de Costa Rica
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6.3.7 Terry Laboratories, L.L.C.
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6.3.8 Ashland LLC.
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aloe Vera Extract Industry Segmentation
The global aloe vera extracts market has been segmented by product form intogels, liquid, capsules/tablets, powder, oil and others; and by application into pharmaceuticals, food and personal care products.Also, the study provides an analysis of the aloe vera extracts market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| Product Form | |
| Gel | |
| Liquid | |
| Capsules/Tablets | |
| Powder | |
| Oil | |
| Other Product Forms |
| Application | |
| Pharmaceuticals | |
| Foods | |
| Beverages | |
| Personal Care Products |
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Aloe Vera Extract Market Research FAQs
What is the current Aloe Vera Extract Market size?
The Aloe Vera Extract Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in Aloe Vera Extract Market?
Agromayal Botánica S.A. de C.V., Aloe Jaumave S.A de C.V, Aloe Laboratories, Aloe Queen Inc. and Aloecorp are the major companies operating in the Aloe Vera Extract Market.
Which is the fastest growing region in Aloe Vera Extract Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aloe Vera Extract Market?
In 2024, the Asia Pacific accounts for the largest market share in Aloe Vera Extract Market.
What years does this Aloe Vera Extract Market cover?
The report covers the Aloe Vera Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aloe Vera Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aloe Vera Extract Industry Report
Statistics for the 2024 Aloe Vera Extract market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aloe Vera Extract analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
