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Aloe Vera Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A2355
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Market Overview 2023-2028:
The global aloe vera gel market size reached US$ 264.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 409.5 Million by 2028, exhibiting a growth rate (CAGR) of 7.38% during 2023-2028.
Aloe vera contains polysaccharides in the gel or latex of its thick green leaves. The gel offers several therapeutic benefits based on the high content of amino acids, sugars, enzymes, hormones, vitamins, minerals, etc. Aloe vera gel is highly beneficial in treating oral problems, microbial growth, skin diseases, digestive ailments, and boosting immunity. As a result, it is widely used across several industries, including cosmetics, personal care, food and beverage, pharmaceutical, etc.
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Aloe Vera Gel Market Trends:
The aloe vera gel market is primarily driven by the increasing consumer health consciousness across the world. The high prevalence of skin-related diseases, obesity, cardiovascular disorders, diabetes, etc., is augmenting the product demand. Aloe vera gel has also been found to be beneficial in reducing inflammation, lowering the symptoms of acid reflux, decreasing cancer risks and treating hemorrhoids. The rising shift of consumers from chemical-based products towards herbal or organic ingredients is further driving the market growth. The increasing use of aloe vera gel in several personal grooming products, such as facial creams, moisturizers, anti-aging products, face wash, sunscreens, etc., is also catalyzing the product demand. Additionally, the rising popularity of aloe vera gel in the healthcare sector for treating mild wounds and reducing skin inflammations is further driving the market growth.
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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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aloe vera gel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, end-use industry and distribution channel.
Breakup by Nature:
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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- Conventional
- Organic
Breakup by End-Use Industry:
- Cosmetic and Personal Care Industry
- Food and Beverages Industry
- Pharmaceutical Industry
Breakup by Distribution Channel:
- Institutional Sales
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aloecorp Inc., Aloe Laboratories Inc. (Harmony Green Co. Ltd.), Forever Living Products Inc., Foodchem International Corporation, Herbalife International Inc., Lily of the Desert, Pharmachem Laboratories Inc. and Terry Laboratories Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Nature, End-Use Industry, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Aloecorp Inc., Aloe Laboratories Inc. (Harmony Green Co. Ltd.), Forever Living Products Inc., Foodchem International Corporation, Herbalife International Inc., Lily of the Desert, Pharmachem Laboratories Inc. and Terry Laboratories Inc. |
| 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) |
The global aloe vera gel market was valued at US$ 264.7 Million in 2022.
We expect the global aloe vera gel market to exhibit a CAGR of 7.38% during 2023-2028.
The growing consumer awareness towards numerous benefits of aloe vera gel, in nourishing skin, maintaining proper digestion, enhancing oral care, boosting immunity, etc., is currently driving the global aloe vera gel 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 gels.
Based on the nature, the global aloe vera gel market can be bifurcated into conventional and organic. Currently, conventional holds the majority of the total market share.
Based on the end-use industry, the global aloe vera gel market has been divided into cosmetic and personal care industry, food and beverages industry, and pharmaceutical industry. Among these, the cosmetic and personal care industry exhibits a clear dominance in the market.
Based on the distribution channel, the global aloe vera gel market can be segmented into institutional sales, supermarkets and hypermarkets, specialty stores, online, and others. Currently, institutional sales represent the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global aloe vera gel market include Aloecorp Inc., Aloe Laboratories Inc. (Harmony Green Co. Ltd.), Forever Living Products Inc., Foodchem International Corporation, Herbalife International Inc., Lily of the Desert, Pharmachem Laboratories Inc., and Terry Laboratories Inc.
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