The global aloe vera market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The aloe vera plant has been used for thousands of years to heal a variety of conditions, most notably burns, wounds, skin irritations, and constipation. It contains numerous vitamins and minerals, enzymes, amino acids, natural sugars, and agents which are anti-inflammatory and anti-microbial in nature. With altering lifestyles and rising pollution levels, consumer preference has shifted from chemical-based products toward herbal or organic ingredients. Thus, due to its herbal and medicinal benefits and the shifting preference of consumers in favor of organic products it has been widely promoted by many pharma and cosmetic industries as a remedy for various health problems. It has been used to reduce the glucose level in the blood which has been useful in controlling diabetes; it is also used in anti-aging and anti-wrinkle creams and moisturizers. Moisturizer or cream is preferred as it is not oily or sticky though dries up quickly as it is easily absorbed by the skin and does not have any type of odor. When aloe vera is consumed in the form of liquid or juice it gives relief from many kinds of stomach ailments such as irritable bowel, reflux, Crohn’s disease, indigestion, heartburn, and others.
Apart from this, it also balances the level of acids in the stomach which has a soothing effect on the stomach. Furthermore, aloe vera help cures mouth and gum problems and severe gum diseases. All these health benefits offered by aloe vera are the main factors driving companies to launch new products in the market in the form of pure and organic products. For instance, in June 2020, Emami launches BoroPlus Organic Aloe Vera Gel, which claims to offer skincare, solutions for skin and hair problems such as dull, dry skin/ hair, dandruff, pimples, dark spots, tanning, fine lines, hair fizziness, sunburns, shaving cuts and also acts as a post waxing moisturizer.
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Market Coverage
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By Product Type
By Distribution Channel
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape-Aloe Farms, Inc., Aloecorp, Inc, Emami Group, Juicy Chemistry, Ashland Inc., and others.
Aloe Vera Market Report Segment
By Product Type
Gel
Powder
Capsule
Liquid
By Distribution Channel
Online
Offline
By Application
Food
Pharmaceutical
Cosmetic
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Aloe Vera Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Aloe Farms, Inc.
Aloe Laboratories, Inc.
Aloecorp, Inc
Ashland Inc. (Pharmachem Laboratories Inc.)
Exa las coronas s.l.
Foodchem International Corp.
Herbalife International of America Inc.
HOUSSY AMERICA
Juicy Chemistry
Lily of the Desert
LR Health & Beauty Systems GmbH
NaturAloe
Pejoseca Laboratories Ltd.,(Aloveria)
Terry Labs LLC
TODO ALOE VERA S.L.
Warren Laboratories LLC
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