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- Global Aloe Vera Market
Global Aloe Vera Market to Reach US$ 1,200 Million by 2028, Impelled by Escalating Demand for Natural and Organic Cosmetics
July 05, 2022
| Food & Beverages
The latest report by IMARC Group, titled “Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the global aloe vera market size reached US$ 770 Million in 2022. Aloe vera, also known as aloe barbadensis miller, is a shrubby and succulent plant that belongs to the Asphodelaceae (Liliaceae) family. It reduces the severity of gastroesophageal reflux disease (GERD), which is a digestive disorder. It also helps fruits and vegetables stay fresh and eliminates the use of dangerous chemicals that extend the shelf life of produce. In addition, it provides relief from bleeding or swollen gums due to the presence of vitamin C, which can block plaque. Apart from this, aloe vera assists in treating type 2 diabetes by lowering blood sugar levels in the body.
Global Aloe Vera Market Trends:
The growing awareness among the masses about the medicinal benefits of aloe vera represents one of the key factors driving the market. Moreover, there is a rise in the demand for natural and organic cosmetics as they do not contain any harmful ingredients. This, along with the increasing utilization of aloe vera in the production of products, such as facial creams, moisturizers, anti-aging products, face washes, and sunscreens, is propelling the growth of the market. Additionally, aloe vera extracts are widely used to treat health issues, such as skin problems, hair loss, gum diseases, and cancer. They are also used as an instant relief from different burn problems, such as burns from a fire, chemical injuries, and sun exposure, which is positively influencing the market. Besides this, the increasing usage of aloe vera in the pharmaceutical industry to manufacture ointments, gels, tablets, capsules, and other medical products is contributing to the growth of the market. Additionally, the rising employment of aloe vera in sugar-free drinks is bolstering the growth of the market. Looking forward, IMARC Group expects the market to reach US$ 1,200 Million by 2028, exhibiting a CAGR of 7.5% during the forecast period (2023-2028).
Market Summary:
- Based on the product, the market has been classified into aloe vera gel, whole leaf and other extracts.
- On the basis of the form, the market has been bifurcated into concentrates, gels, drinks, powders and capsules.
- Based on the application, the market has been segmented into the pharmaceutical, cosmetics and food industries.
- Region-wise, the market has been divided into the United States, Thailand, Mexico, Dominican Republic, Costa Rica and others.
- The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.
Report Scope:
| 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) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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