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The global aloe vera gel market reached a value of US$ 625.4 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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 consumption of aloe vera gel. 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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global aloe vera gel market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on nature, end-use industry and distribution channel.
Breakup by Nature:
Breakup by End-Use Industry
Breakup by Distribution Channel:
Breakup by Region:
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.
|Base Year of the Analysis||2020|
|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|
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|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)|
We expect the global aloe vera gel market to exhibit a CAGR of 7.70% during 2021-2026.
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.
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 gel.
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. Amongst 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 segment.
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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