Asia-Pacific Aloe Vera Products Market Overview:
Aloe vera is rich in minerals and vitamins such as vitamin C. It also regulates the digestive process. It is widely used in cosmetics, pharmaceutical, and food products. Aloe vera product has high growth prospects in the Asia-Pacific region owing to changing lifestyle standard and ring demand for natural cosmetic products. Further, increasing the use of aloe vera in the pharmaceutical industry propelling market growth. In addition, market players in the aloe vera product market are focusing on the marketing and promotional strategies for gaining a maximum customer base.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Application of Aloe Vera in Personal Care and Cosmetic Products and Emphasizing On Marketing and Promotional Strategies
Market Growth Drivers:
Increasing Demand for Natural Cosmetic Products and Growing Awareness about Health Benefits Associated With Aloe Vera Products
Challenges:
Rising Use of Homemade Aloe Vera Products
Restraints:
Stringent Government Regulating Regarding Use of Aloe Vera in Food Products, Cosmetics, and Others
Opportunities:
Rising Demand from the Pharmaceutical Industry and Increasing Demand from the Developing Economies Such As India, Japan, China, And Others
Competitive Landscape:
Some of the key players profiled in the report are Patanjali Ayurved Limited (India), Dabur India Ltd. (India), Shree Baidyanath Ayurved Bhawan Pvt. Ltd. (India), The Himalaya Drug Company (India), Huizhou Ze-kun Biotech Co. Ltd (China), Guangdong Desifine Biotechnology Co., Ltd (China), Brihans Natural Products Ltd. (India), Zhejiang Airsuns Commodity Co., Ltd (China) and Khadi Natural (India). Additionally, following companies can also be profiled that are part of our coverage like Forest Essentials (India), Rakuten, Inc. (Japan) and Aloe Veda Personal Care (India). Analyst at AMA Research see India Vendors to retain maximum share of Asia-Pacific Aloe Vera Products market by 2028. Considering Market by Form, the sub-segment i.e. Concentrates will boost the Aloe Vera Products market. Considering Market by Distribution channel, the sub-segment i.e. Supermarkets will boost the Aloe Vera Products market.
2018, Lakme Cosmetics launched a new range of cosmetics and skincare products Infused aloe vera.
“The International Aloe Science Council (IASC), and other countries such as the European Union, China, and Korea, have established standards to define what is (and what is not) "aloe vera" in finished products. The IASC standard states that only products containing acemannan, or the beta 1-4 acetylated glucomannans, can be accurately labeled as aloe vera. Acemannan is a naturally occurring polysaccharide that is present in aloe vera and is used as an identifier of the botanical by analytical means. Products that do not contain acemannan are not considered to be true aloe vera based on this standard.”
What Can be Explored with the Aloe Vera Products Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Asia-Pacific Aloe Vera Products Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aloe Vera Products
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Asia-Pacific Aloe Vera Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aloe Vera Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Aloe Vera Products, Distributors of Aloe Vera Products, Potential Investors, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments, Research Institutes, Business Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.