What is Aloe Vera Extracts Market?
Aloe Vera extracts contain a huge amount of essential nutrients such as amino acids, vitamins, enzymes, hormones, and sugar. Aloe Vera gel or leaves is used as an instant relief from different burn problems like burns from a fire, sun exposure, and chemical injuries. Many companies across the cosmetic, pharmaceutical and food industries are launching aloe vera extracts products in the market to treat many health issues like hair loss, skin problems, gum diseases, and cancer. A rising number of diabetic patients are using herbal extracts for disease treatment which may be the factor of rapid growth in the market.
The market study is being classified by Type (Gel Extracts, Whole Leaf Extracts, Powder and Others), by Application (Food & Beverages, Pharmaceutical, Cosmetics and Others) and major geographies with country level break-up.
Aloe Farms, Inc (Unites States), Terry Laboratories (Unites States), Foodchem International Corporation (China), Pharmachem Laboratories, Inc. (Unites States), Lily of the Desert (Unites States), Aloe Laboratories (United States), Aloecorp (United States) and NaturAloe (Costa Rica) are some of the key players profiled in the study.
The global Aloe Vera Extracts market is fragmented due to the presence of several manufacturers at the global and regional levels. The level of competition among the companies in the Aloe Vera Extracts market is intense. Companies offer a wide range of Aloe Vera Extracts in the market on the various sales channels. Players are also invested in new technology and product to enhance their market presence.
Segment Analysis
Analyst at AMA have segmented the market study of Global Aloe Vera Extracts market by Type, Application and Region.
On the basis of geography, the market of Aloe Vera Extracts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Organic Products for Its Natural Healing Properties
- Emerging Skin and Hair Problems among the Individual
Market Trend
- Increasing Adoption of Aloe Vera Extracts In Natural And Organic Beauty Products
Restraints
- Presence of Several Low-quality Aloe Vera Extracts in the Market in Lower Prices
Opportunities
- Wide Range Of Aloe Vera Extracts Leads Growth in Distribution and Supplier Markets B2B and B2C
- Growing Awareness about Aloe Vera and Its Benefits Leads to Create Opportunities in The Aloe Vera Extracts Market
Challenges
- Lacking in Promotional Activities Constraining Aloe Vera Extracts Market Value
- Stiff Competition in the Aloe Vera Extracts Market
- High Cost And Time Required For Extraction Hindering The Aloe Vera Extracts Market
“Regulatory authorities in Germany have proposed that cosmetic products for which claims are made regarding Aloe vera should contain at least 5 g of Aloe vera per 100 g of product.”, “In 2002, the FDA promulgated a regulation stating that the stimulant laxative ingredient Aloe vera in over-the-counter (OTC) drug products is not “generally recognized as safe and effective” or is misbranded. Because the companies that manufactured such products did not provide the necessary safety data, the FDA required that all OTC Aloe vera laxative products be removed from the USA market or reformulated.” and “According to FDA regulations, Aloe vera may be safely used as a flavoring in foods. The Environmental Protection Agency (EPA) classified Aloe vera gel as a List 3 substance (inerts of unknown toxicity), and also listed Aloe vera gel as an inert ingredient of pesticide products.”
Key Target Audience
Aloe Vera Extracts Manufacturers, Aloe Vera Extracts International Traders, Aloe Vera Extracts Distributors and Suppliers, Research and Development Institutes, Aloe Vera Extracts Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others