Global Aloe Vera Extract Market is Segmented By Product Type (Aloe Vera Gel Extract, Aloe Vera Whole Leaf Extract, Others), By Form (Liquid, Gel, Powder, Capsule, Others), By Application (Food & Beverages, Cosmetics, Pharmaceuticals), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Online Sales, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Aloe Vera Extract Market Size
The Global Aloe Vera Extract Market reached USD 2.2 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 4.3 billion by 2030. The market is growing at a CAGR of 8.7% during the forecast period 2023-2030. It contains a variety of beneficial compounds, including vitamins, minerals, enzymes, and amino acids, as well as polysaccharides and glycoproteins that are thought to be responsible for their therapeutic effects.
Aloe vera extract is made by grinding or crushing the leaves of the plant, then filtering and refining the resulting liquid to obtain a concentrated form of the beneficial compounds found in the plant. Aloe vera extract is known for its various health benefits, including its ability to soothe and moisturize the skin, reduce inflammation, and improve digestion.
Companies constantly innovate and diversify their product offerings to be competitive in the market. This entails creating novel formulations, combining them with other all-natural substances, and pursuing new application fields. There are more than 400 species of aloe, but the most popular and widely used species is Aloe Barbadensis, Miller. For instance, aloe vera extract is now being used in dietary supplements, pet care products, and even in the agriculture industry as a natural plant growth enhancer.
Aloe Vera Extract Market Scope
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Metrics |
Details |
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Market CAGR |
8.7% |
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Segments Covered |
By Product Type, By Form, By Application, By Distribution Channel, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
Europe |
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Aloe Vera Extract Market Dynamics
Growing Demand for Natural-Based Personal Care Products is Driving the Growth of the Aloe Vera Extract Market
Consumers are becoming more aware of the potential health risks associated with synthetic ingredients commonly used in personal care products, such as parabens, sulfates, and phthalates. According to a WebMD report written by R. Morgan Griffin, for constipation, consumers intake 100-200 milligrams of aloe vera juice or 50 milligrams of aloe vera extract daily as needed. For diabetes, 1 tablespoon of the gel has been used daily. Aloe vera extract is a natural ingredient that is free from harmful chemicals and has been used for centuries to promote skin health.
Aloe vera extract is known for its soothing and moisturizing properties, making it an attractive ingredient for use in personal care products. It can help to soothe skin irritation, reduce inflammation, and promote healing, making it a popular ingredient in products such as moisturizers, lotions, and serums. In addition to its skincare benefits, aloe vera extract is also used in hair care products to promote healthy hair growth and reduce hair loss.
Aloe Vera Market Growth Would be Boosted by Increased Demand in the Healthcare Sector
Aloe vera has been used for centuries in traditional medicine systems, including Ayurveda and traditional Chinese medicine, for its therapeutic properties. According to the National Library of Medicine, each aloe vera leaf is composed of three layers, an inner clear gel that contains 99% water, and the rest is made of glucomannans, amino acids, lipids, sterols, and vitamins. The middle layer of latex is the bitter yellow sap and contains anthraquinones and glycosides. The outer thick layer of 15–20 cells is called the rind which has a protective function and synthesizes carbohydrates and proteins.
Numerous scientific studies have been conducted to explore the potential health benefits of Aloe vera. These studies have investigated its anti-inflammatory, antimicrobial, wound-healing, and immunomodulatory properties, among others. The positive findings from such research contribute to the growing interest in Aloe vera within the healthcare industry.
Adverse Effects Associated with Aloe Vera Extract Hamper the Market Growth
The adverse effects of aloe vera extract can have a significant impact on the growth of the market. When used in excessive amounts or in certain forms, aloe vera extract has been associated with adverse clinical effects, such as gastrointestinal symptoms, kidney damage, and electrolyte imbalances. If consumers become aware of these potential adverse effects, it can lead to a decline in demand for products containing aloe vera extract.
This can be particularly concerning for products that are ingested, such as dietary supplements or food and beverage products, as adverse effects can have a direct impact on consumer health. In summary, adverse clinical effects associated with aloe vera extract can limit consumer trust and confidence in the ingredient, reduce demand for products containing aloe vera extract, and increase regulatory scrutiny and production costs.
Aloe Vera Extract Market Segmentation Analysis
The global aloe vera extract market is segmented based on product type, form, application, distribution channel, and region.
Rising Use of Aloe Vera Extract in Liquid Form Due to its Versatility and Ease of Use
Based on form, liquid segmentation has the highest share in the aloe vera extract market. For instance, as per the Aloe Science Council (IASC), the liquid ingredient is the most commonly used commercially accessible product. Liquid extracts are easier to use and have a longer shelf life than other forms of extracts, such as gels or powders. Liquid extracts can be easily mixed with other liquids or ingredients to create a variety of products, including juices, drinks, and skincare products.
Liquid extracts also have a higher concentration of active ingredients, which makes them more effective in treating various health conditions. Aloe vera contains a range of beneficial compounds, including vitamins, minerals, amino acids, and polysaccharides, which can help soothe and heal the skin, promote digestive health, and boost the immune system. Overall, liquid segmentation is the most popular form of Aloe vera extract due to its versatility, effectiveness, and ease of use.
Aloe Vera Extract Market Geographical Share
Increasing Demand for Natural and Organic Products in the Europe Region
Europe has the highest share in the Aloe vera extract market due to several factors. One of the primary reasons is the increasing demand for natural and organic products in the region. Aloe vera extract is known for its numerous health benefits, and consumers in Europe are increasingly seeking natural remedies for various health conditions, including digestive issues, skin problems, and inflammation.
Additionally, the cosmetics and personal care industry in Europe is one of the largest in the world, and Aloe vera extract is widely used in skincare and haircare products due to its moisturizing and soothing properties. This has led to an increased demand for Aloe vera extract in the region, particularly for high-quality and organic extracts.
Aloe Vera Extract Market Companies
The major global players in the market include Lily of the Desert Organic, Aloe Farms Inc., Aloecorp Inc., Pharmachem Laboratories Inc., Foodchem International Corporation, Natural Aloe Costa Rica S.A., Aloe Laboratories, Inc., Terry Laboratories, Inc, Roche, and Calmino Group AB.
COVID-19 Impact on Aloe Vera Extract Market
COVID Impact
The COVID-19 pandemic has heightened consumer awareness of health and wellness. There has been a growing interest in natural and immunity-boosting products, which could potentially benefit the Aloe vera extract market. Aloe vera is known for its potential health benefits and immune-boosting properties, making it a favorable choice for consumers during this time. The Aloe vera extract market relies on global trade and supply chains for sourcing raw materials and distributing finished products. The pandemic has caused disruptions in international trade, including restrictions on travel, closures of manufacturing facilities, and delays in transportation. These disruptions may have impacted the availability and cost of Aloe vera extract and its derivatives.
Russia-Ukraine War Impact:
The conflict can lead to disruptions in trade between Russia and Ukraine, as well as with other countries that have trade ties with both nations. Border closures, import/export restrictions, and increased political tensions can affect the flow of goods, causing delays and increased costs for businesses. Armed conflicts and geopolitical tensions, such as the Russia-Ukraine war, can have significant economic repercussions. They can disrupt trade flows, hinder foreign direct investment, lead to capital flight, and negatively impact business and investor confidence. These effects can cause a decline in economic growth and hinder the overall development of the countries involved.
Key Developments
- In July 2022, Organic Harvest introduced an all-new range of organic aloe vera gel in 4 different variants.
- In September 2021, Desert Harvest, a producer of nutritional supplements with a high concentration of aloe vera, got the approval from FDA to use their superior medicine, aloe vera capsules for treating IC (Interstitial Cystitis).
- In April 2021, The Dublin-based company, veganic announced its plans to export 100% organic and plant-based aloe vera fruit juice to the US.
Why Purchase the Report?
- To visualize the global aloe vera extract market segmentation based on product type, form, application, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of the aloe vera extract market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global aloe vera extract market report would provide approximately 69 tables, 70 figures, and 200 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
