Market Overview:
The global Aloe Vera market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Aloe Vera products in food and beverage applications. North America is expected to lead the global Aloe Vera market during the forecast period, followed by Europe and Asia Pacific. Latin America and Middle East & Africa are expected to experience high growth rates during the forecast period.
Product Definition:
The Aloe Vera plant is a succulent that grows in tropical climates. The leaves of the plant are used to make medicine. Aloe Vera is used for many conditions, including skin problems, constipation, and arthritis.
Aloe Vera Gel:
Aloe Vera gel is a plant-based water-soluble dietary fiber, extracted from the leaves of Aloe vera. It has been used as an medicinal and food product for thousands of years in various parts of the world. The gel forms a protective coating on the stomach lining preventing damage to cells produced by acid reflux or indigestion. This helps maintain and improve digestive health which is very much needed these days due to hectic lifestyle coupled with changing eating habits.
Aloe Vera Powder:
Aloe Vera Powder is a natural plant-based ingredient that has been used for centuries in the Middle East and Asia. It is extracted from the leaves of Aloe Vera, which are then processed to produce various products such as gels, tablets, creams or liquids. The product also has medicinal properties and can be consumed directly or applied topically for internal use.
The global Aloe Vera market size was valued at USD 2 billion in 2016.
Application Insights:
Food application led the global market with a revenue share of over 60% in 2017. The product is widely used in food as an ingredient for dietary supplements and functional foods owing to its medicinal properties, such as antioxidant, anti-inflammatory and antidiabetic activities. Furthermore, increasing consumer awareness regarding the benefits of aloe Vera juice is expected to fuel industry growth during the forecast period.
The beverage segment accounted for 19% of the global market share in terms of volume in 2017 due to rising demand from various applications including pharmaceuticals and cosmetics. In addition, manufacturers are investing significantly on R&D activities with respect to bio-based products that can replace conventional synthetic products without compromising on quality or performance characteristics.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of over 6% from 2018 to 2030. Increasing consumer awareness regarding the health benefits of aloe Vera coupled with rising demand for natural and organic products is anticipated to drive the regional market over the forecast period. Furthermore, growing product utilization as an ingredient in pharmaceuticals and cosmetics will augment industry growth.
The Asia Pacific accounted for a revenue share of more than 25% in 2017 owing to high product consumption in countries such as China, India, Japan, South Korea & Australia due to its wide range of health benefits including treatment for diabetes and cancer prevention among others).
Growth Factors:
- Increasing demand for natural and organic products: The global Aloe Vera market is expected to grow at a CAGR of 6.5% during the forecast period owing to the increasing demand for natural and organic products.
- Rising awareness about the benefits of Aloe Vera: There is a growing awareness among consumers about the benefits of using Aloe Vera, which is driving its growth in various applications such as skin care, hair care, oral care, etc.
- Growing popularity of herbal supplements: The popularity of herbal supplements is another key factor that is driving the growth of the global Aloe Vera market as these supplements are made from plant extracts such as Aloe Vera gel extract.
- Rising disposable income and changing lifestyle trends: A rise in disposable income coupled with changing lifestyle trends has led to an increase in consumer spending on health and beauty products, thereby propelling the growth of the global Aloe Vera market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aloe Vera Market Research Report
By Type
Aloe Vera Gel, Aloe Vera Powder, Others
By Application
Food, Beverage
By Companies
Forever Living Products, Evergreen, Aloecorp, Terry Lab, Houssy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Aloe Vera Market Report Segments:
The global Aloe Vera market is segmented on the basis of:
Types
Aloe Vera Gel, Aloe Vera Powder, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food, Beverage
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Forever Living Products
- Evergreen
- Aloecorp
- Terry Lab
- Houssy
Highlights of The Aloe Vera Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aloe Vera Gel
- Aloe Vera Powder
- Others
- By Application:
- Food
- Beverage
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aloe Vera Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aloe Vera is a succulent plant that grows in warm climates. The leaves are thick and fleshy, with a gel-like sap. The flowers are small and white, and the fruit is a capsule.
Some of the key players operating in the aloe vera market are Forever Living Products, Evergreen, Aloecorp, Terry Lab, Houssy.
The aloe vera market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aloe Vera Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aloe Vera Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aloe Vera Market - Supply Chain
4.5. Global Aloe Vera Market Forecast
4.5.1. Aloe Vera Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aloe Vera Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aloe Vera Market Absolute $ Opportunity
5. Global Aloe Vera Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aloe Vera Market Size and Volume Forecast by Type
5.3.1. Aloe Vera Gel
5.3.2. Aloe Vera Powder
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aloe Vera Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aloe Vera Market Size and Volume Forecast by Application
6.3.1. Food
6.3.2. Beverage
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aloe Vera Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aloe Vera Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aloe Vera Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aloe Vera Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aloe Vera Demand Share Forecast, 2019-2026
9. North America Aloe Vera Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aloe Vera Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aloe Vera Market Size and Volume Forecast by Application
9.4.1. Food
9.4.2. Beverage
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aloe Vera Market Size and Volume Forecast by Type
9.7.1. Aloe Vera Gel
9.7.2. Aloe Vera Powder
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aloe Vera Demand Share Forecast, 2019-2026
10. Latin America Aloe Vera Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aloe Vera Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aloe Vera Market Size and Volume Forecast by Application
10.4.1. Food
10.4.2. Beverage
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aloe Vera Market Size and Volume Forecast by Type
10.7.1. Aloe Vera Gel
10.7.2. Aloe Vera Powder
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aloe Vera Demand Share Forecast, 2019-2026
11. Europe Aloe Vera Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aloe Vera Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aloe Vera Market Size and Volume Forecast by Application
11.4.1. Food
11.4.2. Beverage
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aloe Vera Market Size and Volume Forecast by Type
11.7.1. Aloe Vera Gel
11.7.2. Aloe Vera Powder
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Poduct Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aloe Vera Demand Share, 2019-2026
12. Asia Pacific Aloe Vera Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aloe Vera Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aloe Vera Market Size and Volume Forecast by Application
12.4.1. Food
12.4.2. Beverage
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aloe Vera Market Size and Volume Forecast by Type
12.7.1. Aloe Vera Gel
12.7.2. Aloe Vera Powder
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aloe Vera Demand Share, 2019-2026
13. Middle East & Africa Aloe Vera Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aloe Vera Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aloe Vera Market Size and Volume Forecast by Application
13.4.1. Food
13.4.2. Beverage
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aloe Vera Market Size and Volume Forecast by Type
13.7.1. Aloe Vera Gel
13.7.2. Aloe Vera Powder
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aloe Vera Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aloe Vera Market: Market Share Analysis
14.2. Aloe Vera Distributors and Customers
14.3. Aloe Vera Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Forever Living Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Evergreen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Aloecorp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Terry Lab
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Houssy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
