Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A634
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Market Overview 2023-2028:

The global aloe vera 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, also known as Barbadensis Miller, is a succulent plant species of the Liliaceae family. It contains polysaccharides in the gel or latex of its thick green leaves. It offers healing, medicinal, and restorative properties on account of its high amounts of amino acids, sugars, enzymes, hormones, vitamins, and minerals. It aids in minimizing the risk of cancer and acid reflux and reducing inflammation in the body. It also helps treat oral problems, microbial growth, skin diseases, and digestive ailments, and boosts immunity. As a result, aloe vera is extensively used across several industries, including personal care, cosmetics, pharmaceutical, and food and beverage (F&B).




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.

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Aloe Vera Market Trends:

The growing global geriatric population and the rising occurrence of obesity, diabetes, cardiovascular diseases, and skin-related problems represent one of the key factors positively influencing the demand for aloe vera. In addition, the increasing health awareness among consumers is driving the consumption of aloe vera products. Apart from this, the shifting consumer preference from chemical-based products toward herbal or organic ingredients is offering lucrative growth opportunities to manufacturers. Additionally, the growing adoption of the product in formulating personal grooming products, such as facial creams, moisturizers, anti-aging products, face wash, and sunscreens, is bolstering the market growth. Furthermore, it is used in shampoos, conditioners, hair packs, and serums as it assists in promoting hair growth, removing dandruff, conditioning the hair, and maintaining the pH level of the scalp. Besides this, the increasing use of aloe vera extracts in the burgeoning pharmaceutical industry to manufacture ointments, gels, tablets, capsules, and other medical products are contributing to the market growth. Moreover, the expansion of organized distribution channels and the proliferation of the e-commerce industry are propelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aloe vera market report, along with forecasts at the global and country level from 2023-2028. 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.

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

Aloe vera whole leaf extract currently holds the largest share as it is naturally obtained and exhibits the original properties of the plant.

Breakup by Form:

  • Concentrates
  • Gels
  • Drinks
  • Powders
  • Capsules

Aloe vera drinks dominate the global market as they contain antioxidants, which help fight free radicals and improve skin health.

Breakup by Application:

  • Pharmaceutical Industry
  • Cosmetic Industry
  • Food Industry

The cosmetic industry presently accounts for the majority of the global aloe vera market share due to the increasing usage of aloe vera extracts in skin care products.

Breakup by Region:

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

Thailand exhibits a clear dominance in the market due to the increasing utilization of aloe vera in various industries of the country.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Tons, US$ Million
Segment Coverage Product, Form, Application, Country
Countries Covered  Thailand, Mexico, Dominican Republic, United States, Costa Rica, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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 Questions Answered in This Report

The global aloe vera market was valued at US$ 770 Million in 2022.

We expect the global aloe vera market to exhibit a CAGR of 7.5% during 2023-2028.

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.

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Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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