Aloe Vera Market Report by Product (Aloe Vera Gel Extract, Aloe Vera Whole Leaf Extract, and Others), Form (Concentrates, Gels, Drinks, Powders, Capsules), Application (Pharmaceutical Industry, Cosmetic Industry, Food Industry), and Region 2024-2032

Aloe Vera Market Report by Product (Aloe Vera Gel Extract, Aloe Vera Whole Leaf Extract, and Others), Form (Concentrates, Gels, Drinks, Powders, Capsules), Application (Pharmaceutical Industry, Cosmetic Industry, Food Industry), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A634
Buy Now

Aloe Vera Market Size:

The global aloe vera market size reached US$ 830 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,500 Million by 2032, exhibiting a growth rate (CAGR) of 6.5% during 2024-2032. Rising demand for natural and organic ingredients in cosmetics, escalating awareness regarding the therapeutic properties of aloe vera, expansion of e-commerce platforms, the implementation of various government initiatives promoting natural ingredients, increasing disposable incomes, advancements in processing technologies, and collaborations among industry players are accelerating the market growth the market growth.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 830 Million
Market Forecast in 2032
US$ 1,500 Million
Market Growth Rate 2024-2032 6.5%

Aloe Vera Market Analysis:

  • Market Growth and Size: The global aloe vera market has witnessed substantial growth and expansion, driven by increasing consumer awareness and demand for aloe vera products.
  • Major Market Drivers: Key drivers encompass a range of factors, including growing awareness regarding aloe vera’s anti-inflammatory properties, growth in the herbal medicine sector, the rise of vegan and cruelty-free products, escalating interest in aloe vera-based dietary supplements, increasing product use in beverages, and expanding research into aloe vera’s potential health benefits are propelling market growth.
  • Technological Advancements: Recent technological innovations in aloe vera processing and extraction methods have improved product quality and efficiency, contributing to market expansion.
  • Industry Applications: Aloe vera’s versatility extends across various industries, including cosmetics, pharmaceuticals, food and beverages (F&B), and agriculture, broadening its scope and impact.
  • Key Market Trends: Noteworthy trends include the incorporation of aloe vera in pet care products, increasing product integration in wellness products, and the emergence of niche aloe vera-based product lines, catering to specific consumer needs.
  • Geographical Trends: The Asia-Pacific region leads the aloe vera market due to its favorable climate for cultivation and high consumer demand. North America and Europe follow closely, driven by increasing health-consciousness and preference for natural ingredients.
  • Competitive Landscape: The aloe vera market boasts a competitive landscape with established players and emerging entrants, fostering innovation and diverse product offerings.
  • Challenges and Opportunities: Challenges encompass sourcing high-quality aloe vera and market saturation, while opportunities arise from untapped markets, ongoing technological advancements, and sustainable cultivation practices, all contributing to the industry's growth prospects.

Aloe Vera Market Trends:

Increasing consumer awareness about the health benefits of aloe vera

The global aloe vera market experiences a significant boost from the increasing consumer awareness surrounding the manifold health benefits associated with aloe vera products. As consumers become more enlightened about the natural advantages of aloe vera, including its potential in enhancing overall well-being, demand for aloe vera-based products such as gels and juices has been steadily on the rise. This surge in awareness is primarily driven by the wide dissemination of information across digital and social media platforms, compelling individuals to embrace healthier lifestyle choices.

Rising demand for natural and organic ingredients

Another pivotal driver for the aloe vera market is the escalating demand for natural and organic ingredients, particularly in the cosmetics and personal care sectors. As consumers increasingly prioritize products devoid of synthetic chemicals and additives, aloe vera extracts have emerged as a natural and holistic solution. The trend aligns seamlessly with the overarching shift towards cleaner and more environmentally friendly beauty products, positioning aloe vera as a preferred ingredient in the beauty industry.  

Therapeutic properties and pharmaceutical applications

The well-documented therapeutic properties of aloe vera play a pivotal role in driving the market's expansion. Aloe vera's proven effectiveness in addressing a variety of health concerns, ranging from skin conditions to digestive ailments, has led to its incorporation into pharmaceutical products. With its natural healing and soothing attributes, aloe vera remains a preferred choice for numerous medical applications. This driver not only supports the pharmaceutical sector but also significantly contributes to the overall growth of the aloe vera market. As consumers increasingly seek natural remedies and wellness solutions, aloe vera's therapeutic benefits continue to propel market growth.

Expansion of e-commerce platforms

The aloe vera market is also significantly impacted by the rapid expansion of e-commerce platforms. The proliferation of online retail has made aloe vera products easily accessible to consumers worldwide. With the convenience of purchasing aloe vera-based items online, consumers can seamlessly explore and compare a diverse range of products. This accessibility has substantially broadened the market's reach and empowered consumers to make well-informed decisions. The synergy of online shopping convenience and the abundance of aloe vera options has emerged as a key driver, firmly establishing e-commerce as a pivotal contributor to the aloe vera market's ongoing expansion.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

 Aloe Vera Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts for the at the global and regional levels from 2024-2032. Our report has categorized the market based on product, form, and application.

Breakup by Product:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Aloe Vera Gel Extract
  • Aloe Vera Whole Leaf Extract
  • Others
     

Aloe vera whole leaf extract represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the product. This includes aloe vera gel extract, aloe vera whole leaf extract, and others. According to the report, aloe vera whole leaf extract represented the largest segment.

The aloe vera whole leaf extract segment is driven by the growing demand for natural and holistic remedies in the healthcare and wellness sector. Aloe vera whole leaf extract contains a wide range of bioactive compounds, including vitamins, minerals, and antioxidants, which are believed to have various health-promoting effects. Consumers are increasingly turning to aloe vera whole leaf extract for its potential in supporting immune health, digestion, and overall well-being. Furthermore, the pharmaceutical industry's interest in exploring aloe vera's therapeutic properties for drug development has bolstered the demand for aloe vera whole leaf extract.

The aloe vera gel extract segment is driven by the increasing consumer awareness of the numerous health benefits associated with aloe vera. Aloe vera gel extract is widely recognized for its soothing properties and is used in skincare, haircare, and healthcare products. The rising demand for natural and organic ingredients in cosmetics and personal care products, along with aloe vera's anti-inflammatory and moisturizing properties, has led to its growing utilization in these industries.

The others segment in the aloe vera market comprises various products such as aloe vera powders, capsules, and concentrates. The segment is primarily driven by the versatility of aloe vera and its ability to be incorporated into a wide range of products.

Breakup by Form:

  • Concentrates
  • Gels
  • Drinks
  • Powders
  • Capsules
     

Drinks represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the form. This includes concentrates, gels, drinks, powders, and capsules. According to the report, drinks represented the largest segment.

The aloe vera drinks segment leads the market due to the rising demand for functional and health-focused beverages. They are known for their potential health benefits, including digestive health and immune system support. With consumers becoming more health-conscious, aloe vera drinks are increasingly seen as a refreshing and nutritious option. Additionally, the availability of different flavors and formulations has further expanded the appeal of aloe vera drinks to a wider audience.

The concentrates segment is driven by the increasing consumer preference for convenient and versatile beverage options. Additionally, the escalating demand for healthier beverage choices has led to the development of concentrated products with natural and organic ingredients, catering to health-conscious consumers.

The gels segment is driven by the growing awareness of skincare and personal care among consumers. Aloe vera gels, in particular, have gained popularity due to their soothing and moisturizing properties. They are widely used in skincare routines to address issues like sunburn and dry skin. Moreover, the increasing trend of clean beauty products has boosted the demand for aloe vera gels in various formulations.

The powders segment is driven by the versatility and convenience offered by aloe vera powder as an ingredient. Aloe vera powder can be easily incorporated into a variety of products, including cosmetics, supplements, and food items, enhancing their nutritional and therapeutic value. Its stability and longer shelf life make it a preferred choice for manufacturers looking to add the benefits of aloe vera to their products without the challenges of using fresh aloe vera gel.

The capsules segment is driven by the growing interest in dietary supplements and natural remedies. Aloe vera capsules are a convenient way for consumers to incorporate the potential health benefits of aloe vera into their daily routines. The capsules offer standardized dosages and are often used to support digestive health, skin health, and overall wellness.  

Breakup by Application:

  • Pharmaceutical Industry
  • Cosmetic Industry
  • Food Industry
     

Cosmetic industry represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes pharmaceutical industry, cosmetic industry, food industry. According to the report, cosmetic industry represented the largest segment.

The cosmetic industry segment is driven by the increasing consumer focus on personal grooming and appearance, with a growing preference for natural and organic ingredients like aloe vera. Consumers are seeking products that cater to their individual skincare and beauty needs, leading to a surge in the demand for customized cosmetics. Furthermore, social media and influencer marketing play a pivotal role in shaping beauty trends and driving product sales. Moreover, advancements in cosmetic technology, such as anti-aging formulations and sustainable packaging, are key drivers in the industry's growth.

The pharmaceutical industry segment is driven by the increasing demand for innovative and life-saving medications, with a particular emphasis on personalized medicine and biopharmaceuticals. As advancements in medical research continue to expand our understanding of diseases and treatment options, pharmaceutical companies are investing heavily in research and development (R&D) to bring novel drugs to market. Additionally, the rising global population and the prevalence of chronic diseases further boost the demand for pharmaceutical products.  

The food industry segment is driven by the increasing awareness of healthy eating habits and the demand for natural and functional food ingredients, including aloe vera. Consumers are seeking products that align with their health and wellness goals, resulting in a growing market for organic, non-GMO, and clean-label foods. Additionally, the trend towards plant-based diets and alternative proteins has opened up new opportunities for food companies.  

Breakup by Region:

  • Thailand
  • Mexico
  • Dominican Republic
  • United States
  • Costa Rica
  • Others
     

Thailand leads the market, accounting for the largest aloe vera market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Thailand, Mexico, Dominican Republic, United States, Costa Rica, and others. According to the report, Thailand accounted for the largest market share.

The aloe vera market in Thailand is driven by the increasing consumer awareness of the plant's numerous health and skincare benefits. Aloe vera is widely recognized for its soothing and healing properties, making it a popular ingredient in cosmetics and personal care products. Additionally, the growing demand for natural and organic products has boosted the use of aloe vera in skincare and dietary supplements. Thailand's favorable climate for aloe vera cultivation further supports the market's growth.

In Mexico, the aloe vera market is accelerated by the surging product use in medicinal and skincare purposes. The country's indigenous knowledge of aloe vera's healing properties has contributed to a robust domestic market. Moreover, the increasing global demand for aloe vera-based products has encouraged Mexico to become a significant exporter of aloe vera extracts, juices, and gels, thus bolstering its market growth.

The aloe vera market in the Dominican Republic benefits from the country's favorable climatic conditions for aloe vera cultivation. The region is characterized by abundant sunshine and rainfall, which are ideal for aloe vera plant growth.  

In the United States, the aloe vera market is primarily driven by the increasing health-consciousness among consumers. Additionally, the trend toward clean and green products has further propelled aloe vera's popularity, making it a staple ingredient in skincare, beverages, and dietary supplements.

Costa Rica's aloe vera market is thriving due to its reputation for producing high-quality aloe vera products. The country's commitment to sustainable farming practices and organic aloe vera cultivation has made it a favored source for aloe vera extracts and gels.

In various other regions worldwide, the aloe vera market is experiencing growth due to factors such as the rising demand for natural and herbal products, increasing consumer awareness of aloe vera's health benefits, and the expansion of aloe vera cultivation practices.

Leading Key Players in the Aloe Vera Industry:

The key players in the aloe vera market are actively engaged in a variety of strategic initiatives to maintain their competitive edge and capture a larger market share. These companies are heavily investing in R&D to innovate and expand their product portfolios. They are continually exploring new applications and formulations for aloe vera, such as incorporating it into beverages, dietary supplements, and pet care products, in response to evolving consumer preferences. Moreover, key market players are focusing on sustainability and quality control. They are implementing sustainable farming practices to ensure a consistent supply of high-quality aloe vera raw materials. This not only aligns with the growing demand for organic and eco-friendly products but also safeguards against fluctuations in aloe vera prices. They are also expanding their global reach through strategic partnerships, collaborations, and mergers and acquisitions. They are seeking opportunities in emerging markets where the demand for natural and wellness products is on the rise.Detailed profiles of all major companies have also been provided.

Aloe Vera Market Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Product
  • Form
  • Application
  • Region
Products Covered Aloe Vera Gel Extract, Aloe Vera Whole Leaf Extract, Others
Forms Covered Concentrates, Gels, Drinks, Powders, Capsules
Applications Covered Pharmaceutical Industry, Cosmetic Industry, Food Industry
Regions Covered Thailand, Mexico, Dominican Republic, United States, Costa Rica, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the aloe vera market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the global aloe vera market.
  • The study maps the leading, as well as the fastest-growing, regional markets.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the aloe vera industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global aloe vera market was valued at US$ 830 Million in 2023.

We expect the global aloe vera market to exhibit a CAGR of 6.5% during 2024-2032.

The rising usage of aloe vera as herbal or organic component in the production of personal care products, such as face wash, toners, face packs, creams, body lotions, etc., is primarily driving the global aloe vera market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of aloe vera-based products.

Based on the product, the global aloe vera market can be categorized into aloe vera gel extract, aloe vera whole leaf extract, and others. Currently, aloe vera whole leaf extract exhibits clear dominance in the market.

Based on the form, the global aloe vera market has been segmented into concentrates, gels, drinks, powders, and capsules. Among these, drinks represent the largest market share.

Based on the application, the global aloe vera market can be bifurcated into pharmaceutical industry, cosmetic industry, and food Industry. Currently, the cosmetic industry accounts for the majority of the total market share.

On a regional level, the market has been classified into Thailand, Mexico, Dominican Republic, United States, Costa Rica, and others, where Thailand currently dominates the global market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Aloe Vera Market Report by Product (Aloe Vera Gel Extract, Aloe Vera Whole Leaf Extract, and Others), Form (Concentrates, Gels, Drinks, Powders, Capsules), Application (Pharmaceutical Industry, Cosmetic Industry, Food Industry), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More