The global Aloe Vera Gel market size is expected to reach close to USD 712.3 Mn by 2029 with an annualized growth rate of 7.8% through the projected period.
One of the major drivers of the Aloe Vera gel market is the changing lifestyle preference of the consumers. People are more attracted towards organic food, natural ingredients based cosmetics and healthy substituents. And aloe vera gel has all the healthy elements they require. Thus, manufactures are efficiently introducing aloe vera based product in several fields such as food, cosmetics, and pharmaceuticals industry to leverage the prospective opportunities.
Aloe Vera is from the liliaceae family and is majorly grown in countries like US, Mexico, China, India, Korea and others. The aloe vera has wide applications over the globe for its medicinal, herbal and remedial properties. The aloe vera gel is primarily acquired from the inner part of the leaf which is supremely comprised of enzymes, hormones, minerals, water, vitamins, amino acids, and sugars in small amount. The aloe vera gel has diverse applications in various industries as baby care, food & beverages, personal care, healthcare and others. There are huge opportunities in the aloe vera gel market as a dietary supplement as an ingredient in the cosmetic industry for revitalizing skin, removal of acne, smoothing the skin and hair, skin treatments, and more owing to its usage. Aloe vera gel is also used for food ingredient and juices to be an additional nutritional supplement.
Asia Pacific is the leading region in the growth of global aloe vera gel market in India. Other regional consumers like India and China are also attributed to the increasing disposable income on account of the healthy lifestyle benefits. Due to the increasing awareness of the consumers on ill effects of chemical and artificially composed cosmetic products have raised the market for aloe vera gel possessing several medicinal and herbal properties.
Leading players of the global aloe vera gel market include Lily of the Desert, Terry Laboratories Inc., Natural Aloe Costa Rica S.A., Aloecorp Inc., Aloe Laboratories Inc., Herbalife, Aloe Vera Australia, Aloe Farms Inc., Foodchem International Cooperation, and more others.
The global aloe vera gel market is segmented into several classification including product analysis, form analysis, end-use industry analysis, and geographical analysis. Based on the product analysis, the market is categorized by aloe vera gel extracts, aloe vera whole leaf extract, and others. Furthermore, on the basis of form analysis the market is driven by concentrates, gels, drinks, powders, and capsules. Whereas, based on the end-use industry analysis the market is divided into food, cosmetics, and pharmaceuticals. Looping on the geographical analysis, the market is widely range to North America, U.S., Canada, Mexico, Europe, Germany, France, U.K., Italy, Russia, Rest of Europe, Asia-Pacific, China, India, Japan, Australia, South Korea, Rest of Asia-Pacific, LAMEA, Brazil, Argentina, South Africa, Rest of LAMEA.
Aloe Vera Gel Market Scope
|Revenue forecast in 2032
|USD 712.3 Mn
|CAGR of 7.8% during 2022-2032
|by type, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|Terry Laboratories, Inc., Aloe Laboratories Inc., Lily of the Desert, Patanjali Ayurved Ltd., Aloecorp, Inc., L'Oréal S.A., Herbalife International, Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Fruit of the Earth, Inc.
Key Segmentation of the Global Aloe Vera Gel Market
Product Analysis of Global Aloe Vera Gel Market
- Aloe Vera Gel Extracts
- Aloe Vera Whole Leaf Extracts
Form Analysis of Global Aloe Vera Gel Market
End-use Industry Analysis of Global Aloe Vera Gel Market
Geography Analysis of Global Aloe Vera Gel Market
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA