Aloe Vera Extract Market Poised for Robust Growth, forecasted to Expand at 8.8% CAGR from 2023-28

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast period, i.e., 2023-28.

Report Coverage

This report offers a comprehensive analysis of the Aloe Vera Extract Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

  • Base Year: 2022
  • Forecast Years: 2023-28
  • Historical Years: 2018-21

Aloe Vera Extract Market Overview

The growth of the market is projected to be propelled mainly by the ever-increasing consumer interest in natural & organic products and the growing awareness among people about the medicinal properties of aloe vera that help treat various illnesses, especially skin conditions like acne & pimples. The rising pollution levels, hectic lifestyles, and poor eating habits are stimulating several health issues worldwide. As a result, more & more people are adopting healthy lifestyles and consuming naturally-derived products, including aloe vera.

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Aloe Vera Extract Market Segmentation Outlook

The Aloe Vera Extract is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Application

  • Pharmaceuticals and Supplements
  • Personal Care & Cosmetics
  • Food & Beverages

By Distribution Channel

  • Offline
  • Online

By Form

  • Gel
  • Liquid
  • Oil
  • Powder
  • Capsules & Tablets

By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Aloe Vera Extract Market Driver

Shifting Consumer Preferences toward Naturally-Derived Products owing to their Health Benefits- For a few years, especially after the advent of Covid-19, the world is witnessing a rising interest of people of all age groups toward natural products, including aloe vera extracts. The major driving force for this trend is the increasing awareness among consumers of the various health benefits these plant extracts offer. As a result, there's the mounting utilization of aloe vera gels, whole leaf extracts, etc., to improve the skin & hair texture and reduce weight loss, among other health purposes, i.e., propelling the Global Aloe Vera Extract Market.

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Top Aloe Vera Extract Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies Aloe King, Aloe Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare, Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co., Ltd., Verdeaurora, Yunnan Evergreen Biological Corporation Others as key players shaping the market landscape.

Aloe Vera Extract Market News

  • In August 2022, Faces Canada, in its quest for healthier, softer, & more youthful skin, unveiled Pink Aloe Vera as a new wonder ingredient that offers multi-faceted properties to soothe, cool, & hydrate skin with deep-acting nutrients.
  • The same year in May, Juicy Chemistry launched yet another range of innovative products, a brand new multi-purpose Aloe Vera Gel & Aloe Vera Juice in the Indian Market.
  • In August 2021, Forever Living introduced a new lightweight formula Aloe Body Lotion to quickly deliver the benefits of pure aloe vera & other moisturizing ingredients, making it ideal as an everyday moisturizer to soften skin & leave it feeling smooth, hydrated, & healthy.

Key Questions Answered in the Report

  • What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
  • How the industry has been evolving, and which segments would dominate the market during the forecast period?
  • What are the key opportunity areas that companies foresee in the coming years 2028?
  • Who are the key players in the market, and what are their competitive strengths?
  • What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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