IMARC Group has recently released a new research study titled “Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global aloe vera market demand, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 770 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,200 Million by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.
Aloe vera is a succulent plant species known for its medicinal and cosmetic applications. Widely cultivated in various parts of the world, its leaves contain a clear gel rich in vitamins, minerals, amino acids, and antioxidants. Aloe vera gel has been used for centuries in traditional medicine to treat various skin conditions, including burns, sunburns, and wounds, due to its soothing and anti-inflammatory properties. It is also employed in the cosmetic industry as a key ingredient in products like creams, lotions, and shampoos, providing hydration and nourishment to the skin and hair.
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Market Trends and Drivers:
The increasing awareness of the benefits of aloe vera represents one of the key factors driving the growth of the market across the globe. This is primarily attributed to strategic marketing, which is helping in expanding its consumer base, thus boosting the growth of the market. The global shift towards natural and organic products is heightening interest in aloe vera, known for its medicinal and therapeutic benefits. Aloe vera is a vital ingredient in many skincare and haircare products. Its hydrating and nourishing properties make it a preferred component in creams, lotions, and shampoos. Aloe vera’s anti-inflammatory and healing qualities are making it a common remedy for skin ailments, such as burns and wounds, which is driving its demand in the healthcare sector. Aloe vera is also consumed in juice form or as supplements. The growing interest in digestive health and wellness is pushing this aspect of the market. The market is also driven by improved processing techniques that are making it easier to extract aloe vera gel in a more efficient and cost-effective manner, which is further reducing production costs and increasing availability.
Key Market Segmentation:
The report has segmented the global aloe vera market based on product, form, application and region.
Breakup by Product:
Aloe Vera Gel Extract
Aloe Vera Whole Leaf Extract
Others
Breakup by Form:
Concentrates
Gels
Drinks
Powders
Capsules
Breakup by Application:
Pharmaceutical Industry
Cosmetic Industry
Food Industry
Breakup by Region:
Thailand
Mexico
Dominican Republic
United States
Costa Rica
Others
Competitive Landscape With Key Players:
The competitive landscape of the aloe vera market has been examined in the report, along with the detailed profiles of the major players operating in the industry.
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Key Highlights of the Report:
Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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