The global aloe vera extracts market is worth US$ 2.46 Bn as of now and expected to reach US$ 5.15 Bn by the year 2032 at a CAGR of 7.7% between 2022 and 2032.
Aloe vera extracts are turning out to be inevitable these days due to increasing incidences of problems like dark spots, skin irritation, and even dental problems like cavities, bleeding of gums, and likewise. Aloe vera extracts help in curing these ailments due to the medicinal properties associated with them.
These properties help in curing diabetes, stomach- and intestine-related problems. The key market players are also into various modes of expansion to broaden their reach. Along these lines, Raylex brands, in July 2019, completed acquisition of cold-pressed juice maker, i.e. ‘Wow Drinks’ for growing their business portfolio in the form of ‘juices made from aloe vera’.
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As per the United Nations Library of Medicine National Institutes of Health, the year 2019 alone witnessed close to 70% of worldwide population preferring herbal medical products as primary source. Aloe vera gel and pulp give out aloe vera extracts that are used in cosmetics products like gels, lipsticks, creams, moisturizers, and likewise.
Coming to pharmaceuticals, aloe vera extracts are used in several powders, concentrates, and tablets. There are spa clinics offering recovery from skin problems. They are in continuous need of lotions, powders, and gels containing aloe vera extracts.
At the same time, the facts that adulterated aloe vera products are being made available at cheaper prices and governments have imposed regulations to limit usage of aloe vera are expected to restrain the aloe vera extracts market in the forecast period. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Aloe Vera Extracts market’. The analysts and consultants are there with their bottom-up approach to execute.
Key Takeaways from Aloe Vera Extracts Market
- Europe holds a significant market share. Italy, France, Belgium, and Germany are leading from the front. CBI Ministry of Foreign Affairs has asserted that aloe is being increasingly consumed in Europe in the wake of quests for healthy lifestyles amongst the end-customers. An interesting thing to learn over here is that usage of aloe vera extracts has increased on tremendous counts in toilets. Pol’s has its market pulp capacity of 400K tons regarding tissue paper manufacturing set-up.
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- North America holds a significant market share with the US citizens preferring aloe vera in skin care and cosmetics products.
- Coming to the Asia-Pacific, India finds aloe vera extracts well with pharmaceuticals, cosmetics, and food & beverages. Aloe vera extracts boost immunity, enhance digestion, and reduce inflammation. They are a part of anti-aging creams as well. Indonesia and Japan are amongst the fastest –growing markets for aloe vera extracts.
Competitive Landscape
- Rob Lowe, in October 2019, tabled a new-fangled line of skin care called ‘cobalt’. It’s a ‘youth preserving affordable luxury skin care’ line; which makes use of aloe vera products for providing skin care solutions.
- Simplee Aloe, in April 2018, did launch 2 low sugar aloe vera waters – one without pulp and the other with pulp for targeting brand appeal to the customers based out of the UK.
- Desert Harvest, in September 2021, obtained approval from the US FDA for utilizing aloe vera capsules to treat IC (interstitial cystitis). It’s a chronic bladder health condition impacting close to 12 Mn people. These capsules are cultivated organically, which does provide pain relief to a greater extent.
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“The key market participants are working in unison to churn out innovative products containing aloe vera extracts in an aplomb”, says an analyst from aloe vera extracts market.
What does the Report extract?
- The research study is based on product (aloe vera gel extracts, aloe vera whole leaf extracts, and likewise), by form (gels, powders, capsules, drinks, and concentrates), and by end-use industry (cosmetics, food, and pharmaceutical).
- With aloe vera extracts being increasingly used in toothpaste, shampoos, soaps, and several other products pertaining to personal care, the global aloe vera extracts market is bound to scintillate in the upcoming period.
Aloe Vera Extracts Market by Category
By Product, Aloe Vera Extracts Market is Segmented as:
- Aloe Vera Gel Extracts
- Aloe Vera Whole Leaf Extracts
- Others
By Form, Aloe Vera Extracts Market is Segmented as:
- Gels
- Powders
- Capsules
- Drinks
- Concentrates
By End Use Industry, Aloe Vera Extracts Market is Segmented as:
- Pharmaceutical
- Food
- Cosmetics
By Region, Aloe Vera Extracts Market is Segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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