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The global aloe vera market was valued at US$ 710 Million in 2021.
We expect the global aloe vera market to exhibit a CAGR of 7.8% during 2022-2027.
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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