About Aloe Vera
Aloe Vera is a thick, short-stemmed plant that store water on it leaves. Aloe Vera is known for the best skin treatment as well as skin injuries issue. However, Aloe Vera has several health benefits. In addition, it is widely used in the Cosmetic, Pharmaceutical, and food industries. Geographically Australia, Cuba, Dominican Republic, China, Mexico, India, Jamaica, Spain is the largest scale agricultural production of Aloe Vera. Hence the market of the Aloe Vera is growing at a rapid speed due to higher consumer demand and industry. So these few driving factors which is triggering the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is expected to grow market in the Cosmetic and pharmaceutical industries. Increasing adoption of organics products by consumers such as chemical-free and additive-free is driving the demand for the market. Several companies are operating in the market to provide a unique offer with various features & unique prices and benefits. The market is highly fragmented with the presence of several market key players, local and ayurvedic products. Which is trigger the market growth over the forecast period Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Aloe Vera market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Herbalife (United States), Aloecorp (China), Aloe Laboratories (United States), Aloe Vera Australia (Australia), Aloecorp, Inc. (United States), Aloe Laboratories, Inc. (United States), Bulk Apothecary (United States), U.S. Chemicals, LLC (United States), Foodchem International Corporation (China), Herbalife International of America, Inc. (United States) and Lily of the Desert (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pharmachem Laboratories, Inc. (United States), Terry Laboratories, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Aloe Vera market by Type (Gel, Liquid, Powder and Capsule), Application (Cosmetic, Pharmaceutical, Food & beverage and Other) and Region.
On the basis of geography, the market of Aloe Vera 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). If we see Market by Type, the sub-segment i.e. Aloe ciliaris will boost the Aloe Vera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel, the sub-segment i.e. Online will boost the Aloe Vera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
More Emerging companies are inclined towards E-commerce platforms, so Selling products online is triggering the market over the forecast period. and Use of alera Vera product for skin disease-related is rising is the demand of alera Vera product
Market Growth Drivers:
Aloe vera have rich source of antioxidants and vitamins that may help protect your skin and Aloe vera helps in Digestive benefits.
Challenges:
It can lower the levels of potassium in the body which can cause irregular heartbeat, fatigue, and weakness. So elderly and sick people should avoid it and Aloe Vera juice when it is consumed in access it can cause consumer blood sugar levels to drop
Restraints:
Consumption of Alera vera liquid may cause Stomach pain and cramps and More consumption of alera vera may lead to burning and itching of the skin
Opportunities:
More Consumption of Alera Vera because today’s generation is more inclined towards the organic product. and Increasing the use of herbal extracts in cosmetics, such as skin, hair, and body care products, is driving the segment growth.
Market Leaders and their expansionary development strategies
In September 2023, Emami Ltd., announced it has acquired a 26% stake in Axiom Ayurveda in an all-cash deal for an undisclosed amount, marking its entry into the packed juice business.
In June 2020, Emami launches organic Aloe Vera Gel variants. The Main to add this product for Targeting consumers who are on the lookout for natural/herbal and organic solutions for their daily grooming routine, Emami Limited has launched an Ayurveda-based organic Aloe Vera Gel, under the umbrella of its iconic brand BoroPlus.However, the growth rate of Alero vera products is 15-20% year on year
Key Target Audience
Original Manufacturing plant, Large Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.