Top Emerging Trends Of Aloe Vera Extract Market Progress Forecast 2025

Posted by Mrudula Anil Karmarkar on February 2nd, 2022

The global aloe vera extr act market size is expected to reach USD 2.67 billion by 2025 registering a CAGR of 7.6%, according to a new report by Grand View Research, Inc. Rising importance of herbal extracts owing to their potential benefits in preventing various health disorders is driving the product demand. Moreover, shifting consumer preference for natural and organic products over chemical-based products is expected fuel the demand further.

Juice/liquid product segment held the largest share in the global market in 2018 due to increased consumption of juice for the treatment of obesity and diabetes in countries, such as India and China. Gel segment is witnessing a significant growth due to rising demand for gel-based products, such as soaps, shampoos, and moisturizers. Online distribution channel segment is expected to witness the fastest growth over the forecast period. In Europe, around 50% of cosmetic manufacturers have their own online distribution channel.

Various small-scale organic product manufacturers sell their products through their own websites. These factors are driving the segment growth. Moreover, increasing penetration of smartphones coupled with the digitalization has increased the scope of online channels. In the European market, Germany account for the highest share of this segment. Asia Pacific led the global market accounting for 30.6% of the overall market share. The region is expected to maintain its dominance over the forecast period owing to increasing demand for herbal cosmetics in the region.

China held the major share of Asia Pacific market in 2018 and is likely to expand further at a CAGR of 8.9% from 2019 to 2025. Aloe Vera juice is used for the treatment of diabetes, cancer, and obesity. Increasing prevalence of diabetes in the country is expected provide growth opportunity for the market over the forecast period.

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Most of the companies are investing in R&D and are launching innovative products to gain a competitive advantage over others and to expand their global presence. Currently, one of the major trends seen in the market is the increasing use of aloe Vera extracts in sugar-free drinks, which is expected to increase the application scope for the product. Countries like India, China, and the U.S. are the major markets for manufacturers owing to rising consumer awareness about following a healthy lifestyle.

Aloe Vera Extract Market Report Highlights

• Product demand in North America is anticipated to grow at a CAGR of 8.7% over the forecast period owing to rising consumer preference for natural products over synthetic or chemical-based goods
• China led the Asia Pacific aloe Vera extract market on account of higher population and demand for herbal products and is expected to witness the fastest growth over the forecast period
• Manufacturers are aiming to achieve optimum business growth by implementing strategies including acquisition, joint venture, capacity expansion, new product development, promotion of crucial product brands, and significant investments in R&D
• Some of the major companies in the market are Terry Laboratories, Inc.; Cady products LLC.; Pokonobe Inc.; Lily of the Desert; Aloe Farms, Inc.; Houssy Global; Aloecorp, Inc.; Natural Aloe Costa Rica S.A.; Foodchem International Corporation; and Pharmachem Laboratories, Inc.; Aloe Laboratories, Inc.; and Organic Aloeceuticals

Aloe Vera extracts are widely used in the treatment of many health issues, such as skin problems, hair loss, gum diseases, and cancer. Increased pollution coupled with a hectic lifestyle has resulted in an increased prevalence of such health issues, which is supporting the market growth. Increasing cases of diabetes are also expected to open new avenues for the industry, as a lot of diabetic patients are increasingly using herbal extracts for the disease treatment.

Some of the key companies in the global market are Aloe Farms, Inc.; Lily of the Desert Organic Terry Laboratories, Inc.; Aloeceuticals; Pharmachem Laboratories, Inc.; Natural Aloe Costa Rica S.A.; Foodchem International Corporation; Aloe Laboratories, Inc.; and Aloecorp, Inc. These companies have undertaken various business expansion strategies such as new product launch, R&D, and M&A.

Grand View Research has segmented the global aloe Vera extract market on the basis of product, application, distribution channel:

Aloe Vera Extract Product Outlook (Revenue, USD Million, 2015 - 2025)

• Capsule or Tablet
• Powder
• Liquid
• Gels

Aloe Vera Extract Application Outlook (Revenue, USD Million, 2015 - 2025)

• Food
• Pharmaceuticals
• Cosmetics

Aloe Vera Extract Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)

• Offline
• Online

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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