Market Size of Aloe Vera Extract Industry
| 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.
