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Aloe Vera Extract Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Aloe Vera Extract Market is segmented by product form (gels, liquid, capsules/tablets, powder, oil, and others), application (pharmaceuticals, food and personal care products) and by geography.

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Market Snapshot

Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Europe
Largest Market: Asia Pacific
CAGR: 7.2 %

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Market Overview

​​​​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.

Scope of the Report

​​​​The global aloe vera extracts market has been segmented by product form into gels, 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
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

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. 

Trend 1

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.

Trend 2

Competitive Landscape

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.

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Form

      1. 5.1.1 Gel

      2. 5.1.2 Liquid

      3. 5.1.3 Capsules/Tablets

      4. 5.1.4 Powder

      5. 5.1.5 Oil

      6. 5.1.6 Other Product Forms

    2. 5.2 Application

      1. 5.2.1 Pharmaceuticals

      2. 5.2.2 Foods

      3. 5.2.3 Beverages

      4. 5.2.4 Personal Care Products

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Agromayal Botanica S.A. de C.V.

      2. 6.3.2 Aloe Jaumave S.A de C.V

      3. 6.3.3 Aloe Laboratories

      4. 6.3.4 Aloe Queen Inc.

      5. 6.3.5 Aloecorp

      6. 6.3.6 Natural Aloe de Costa Rica

      7. 6.3.7 Terry Laboratories, L.L.C.

      8. 6.3.8 Ashland LLC.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Aloe Vera Extract Market market is studied from 2016 - 2026.

The Aloe Vera Extract Market is growing at a CAGR of 7.2% over the next 5 years.

Europe is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Agromayal Botánica S.A. de C.V., Aloe Jaumave S.A de C.V, Aloe Laboratories, Aloe Queen Inc., Aloecorp are the major companies operating in Aloe Vera Extract Market.

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