Aloe Vera Extract Market By Product (Gels, Capsule, Powder, Liquid), By Application (Cosmetic, Food & Beverages, and Others (Pharmaceutical)), By Distribution Channel (Direct Sales, Indirect Sales), By Region, By Competition Forecast & Opportunities, 2018-2028F

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Report Description

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD2.82 Billion

CAGR (2023-2028)

8.5%

Fastest Growing Segment

Liquid

Largest Market

Europe





Market Overview

The global market for Aloe Vera extract is experiencing significant growth, driven by the increasing demand for natural and herbal products across various industries, including cosmetics, pharmaceuticals, and food and beverages. Aloe Vera, a renowned succulent plant known for its numerous health and skincare benefits, has gained substantial popularity as a versatile ingredient. The market's growth is primarily fueled by rising consumer awareness of the potential health advantages associated with Aloe Vera, such as its anti-inflammatory, moisturizing, and immune-boosting properties. This awareness has driven the demand for Aloe Vera extract in various applications. In the cosmetics and personal care industry, Aloe Vera is highly valued for its soothing effects on the skin, leading to a surge in Aloe Vera-based skincare and haircare products. Additionally, the shift towards clean and natural ingredients has further propelled the demand for Aloe Vera extract in this industry. The pharmaceutical sector is also utilizing Aloe Vera for its potential medicinal properties, including wound healing and gastrointestinal benefits. In the food and beverage industry, Aloe Vera is sought after for its inclusion in beverages, dietary supplements, and functional foods. However, the market faces challenges such as maintaining product quality, ensuring proper processing methods, and addressing regulatory standards. As consumers demand transparency and authenticity, the market emphasizes responsibly sourced and properly processed Aloe Vera extract products.

Key Market Drivers:

1. Cosmetics and Personal Care Boom: The cosmetics and personal care industry has significantly driven the Aloe Vera extract market. Aloe Vera's reputation for soothing, moisturizing, and nourishing the skin has made it a coveted ingredient in skincare and haircare products. Its versatility extends to haircare, where it promotes scalp health and enhances hair vitality.

2. Natural and Clean Beauty Movement: The rise of natural and clean beauty products has propelled Aloe Vera extract into the spotlight. Consumers' preference for products that align with their values for safety and transparency has amplified Aloe Vera's significance.

3. Health Benefits and Medicinal Potential: Aloe Vera's health benefits and medicinal potential have captured the attention of the pharmaceutical industry. Its constituents, including ace Mannan, are believed to possess anti-inflammatory and wound-healing properties.

4. Global Beauty and Skincare Trends: Global beauty and skincare trends significantly shape the Aloe Vera extract market, transcending geographical boundaries. Regions known for pioneering skincare innovations, such as South Korea and Japan, have embraced Aloe Vera as a potent and versatile ingredient.

Key Market Challenges:

1. Quality Control and Standardization: Maintaining consistent quality and potency of Aloe Vera extracts poses a challenge due to disparities in growing conditions, processing techniques, and extraction methods. Standardizing these factors across diverse suppliers and regions is essential.

2. Regulatory Compliance: Navigating regulatory compliance in the Aloe Vera extract market presents a complex challenge due to varying regulations and standards across different countries and regions.

3. Competition and Market Saturation: The market has become highly competitive and saturated, making it challenging for brands to distinguish their products. Effective branding, unique formulations, and clear value propositions are essential.

4. Price Fluctuations: Price fluctuations in the Aloe Vera extract market can be influenced by various factors, impacting both manufacturers and consumers.

Key Market Trends:

1. Rise of Natural and Clean Beauty: The rise of natural and clean beauty products has profoundly influenced the Aloe Vera extract market. Consumers' growing preference for formulations devoid of synthetic chemicals has fueled demand for Aloe Vera-infused products.

2. Digital Transformation and E-commerce: E-commerce platforms and digital marketing strategies have redefined the consumer experience, transcending geographical boundaries. Aloe Vera products have seized this opportunity to reach a global audience.

3. Holistic Wellness: Aloe Vera's diverse attributes align harmoniously with the holistic wellness movement, as consumers increasingly seek products that promote overall well-being both internally and externally.

4. Integration of Aloe Vera in Functional Foods and Beverages: A notable trend is the integration of Aloe Vera into functional foods and beverages, appealing to consumers seeking holistic solutions for their health and well-being.

Regional Insights:

1. European Region: The European region is emerging as a dynamic and fastest-growing segment in the global Aloe Vera extract market. European consumers' increasing awareness of Aloe Vera's skincare, health, and nutritional benefits has catalyzed its prominence in various industries. The region's robust regulatory framework and receptiveness to nature-inspired and sustainable products position it as a key driver of the Aloe Vera extract market.

Recent Developments

  • In September 2021, Desert Harvest, a manufacturer of nutritional supplements containing a high concentration of aloe vera extract, received FDA approval, to use their superior medicine, aloe vera capsules, for treating interstitial cystitis (IC), a chronic bladder health condition that affects nearly 12 million people.
  • In July 2022, Organic cosmetics and personal care firm Organic Harvest launched a brand-new range of organic aloe vera gel. The product is offered in four distinct variants.
  • In May 2022, Juicy Chemistry introduced a new line of unique goods to the Indian market, including a multi-purpose Aloe Vera Gel and Aloe Vera Juice.

Key Market Players

  • Aloe Farms, Inc.
  • Natural Aloe Costa Rica S.A.
  • Foodchem International Corporation
  • Aloecorp, Inc.
  • Aloe Laboratories, Inc.
  • Terry Laboratories, Inc.
  • Pharmachem Laboratories, Inc.
  • Aloecorp, Inc.
  • Ashland LLC.
  • Lily of the Desert Organic

By Product

By Application

By Distribution Channel

By Region
  • Gels
  • Capsule
  • Powder
  • Liquid
  • Cosmetic
  • Food & Beverages
  • Others
  • Direct Sales
  • Indirect Sales
  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the global Aloe Vera Extract market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Aloe Vera Extract Market, By Product:

o   Gels

o   Capsule

o   Powder

o   Liquid

  • Aloe Vera Extract Market, By Application:

o   Cosmetic

o   Food & Beverages

o   Others

  • Aloe Vera Extract Market, By Distribution Channel:

o   Direct Sales

o   Indirect Sales

  • Aloe Vera Extract Market, By Region:

o   Asia-Pacific

§  China

§  Japan

§  India

§  Vietnam

§  South Korea

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Aloe Vera Extract market.

Available Customizations:

Global Aloe Vera Extract market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Aloe Vera Extract Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Global Aloe Vera Extract Market Outlook

4.1.  Market Size & Forecast

4.1.1.     By Value

4.2.  Market Share & Forecast

4.2.1.     By Product Market Share Analysis (By Product (Gels, Capsule, Powder, Liquid)

4.2.2.     By Application Market Share Analysis (Cosmetic, Food & Beverages, and Others (Pharmaceutical))

4.2.3.     By Distribution Channel Market Share Analysis (Direct Sales, Indirect Sales)

4.2.4.     By Regional Market Share Analysis

4.2.4.1.         North America Market Share Analysis

4.2.4.2.         Asia-Pacific Market Share Analysis

4.2.4.3.         Europe Market Share Analysis

4.2.4.4.         South America Market Share Analysis

4.2.4.5.         Middle East & Africa Market Share Analysis

4.2.5.     By Top 5 Companies Market Share Analysis, Others (2022)

4.3.  Global Aloe Vera Extract Market Mapping & Opportunity Assessment

4.3.1.     By Product Market Mapping & Opportunity Assessment

4.3.2.     By Application Market Mapping & Opportunity Assessment

4.3.3.     By Distribution Channel Market Mapping & Opportunity Assessment

4.3.4.     By Regional Market Mapping & Opportunity Assessment

5.    Asia-Pacific Aloe Vera Extract Market Outlook

5.1.  Market Size & Forecast   

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Product Market Share Analysis

5.2.2.     By Application Market Share Analysis

5.2.3.     By Distribution Channel Market Share Analysis

5.2.4.     By Country Market Share Analysis

5.2.4.1.         China Aloe Vera Extract Market Outlook

5.2.4.1.1.             Market Size & Forecast

5.2.4.1.1.1. By Value

5.2.4.1.2.             Market Share & Forecast

5.2.4.1.2.1. By Product Market Share Analysis

5.2.4.1.2.2. By Application Market Share Analysis

5.2.4.1.2.3. By Distribution Channel Market Share Analysis

5.2.4.2.         Japan Aloe Vera Extract Market Outlook

5.2.4.2.1.             Market Size & Forecast

5.2.4.2.1.1. By Value

5.2.4.2.2.             Market Share & Forecast

5.2.4.2.2.1. B By Product Market Share Analysis

5.2.4.2.2.2. By Application Market Share Analysis

5.2.4.2.2.3. By Distribution Channel Market Share Analysis

5.2.4.3.         India Aloe Vera Extract Market Outlook

5.2.4.3.1.             Market Size & Forecast

5.2.4.3.1.1. By Value

5.2.4.3.2.             Market Share & Forecast

5.2.4.3.2.1. By Product Market Share Analysis

5.2.4.3.2.2. By Application Market Share Analysis

5.2.4.3.2.3. By Distribution Channel Market Share Analysis

5.2.4.4.         Vietnam Aloe Vera Extract Market Outlook

5.2.4.4.1.             Market Size & Forecast

5.2.4.4.1.1. By Value

5.2.4.4.2.             Market Share & Forecast

5.2.4.4.2.1. By Product Market Share Analysis

5.2.4.4.2.2. By Application Market Share Analysis

5.2.4.4.2.3. By Distribution Channel Market Share Analysis

5.2.4.5.         South Korea Aloe Vera Extract Market Outlook

5.2.4.5.1.             Market Size & Forecast

5.2.4.5.1.1. By Value

5.2.4.5.2.             Market Share & Forecast

5.2.4.5.2.1. By Product Market Share Analysis

5.2.4.5.2.2. By Application Market Share Analysis

5.2.4.5.2.3. By Distribution Channel Market Share Analysis

6.    North America Aloe Vera Extract Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Market Share Analysis

6.2.2.     By Application Market Share Analysis

6.2.3.     By Distribution Channel Market Share Analysis

6.2.4.     By Country Market Share Analysis

6.2.4.1.         United States Aloe Vera Extract Market Outlook

6.2.4.1.1.             Market Size & Forecast

6.2.4.1.1.1. By Value

6.2.4.1.2.             Market Share & Forecast

6.2.4.1.2.1. By Product Market Share Analysis

6.2.4.1.2.2. By Application Market Share Analysis

6.2.4.1.2.3. By Distribution Channel Market Share Analysis

6.2.4.2.         Canada Aloe Vera Extract Market Outlook

6.2.4.2.1.             Market Size & Forecast

6.2.4.2.1.1. By Value

6.2.4.2.2.             Market Share & Forecast

6.2.4.2.2.1. By Product Market Share Analysis

6.2.4.2.2.2. By Application Market Share Analysis

6.2.4.2.2.3. By Distribution Channel Market Share Analysis

6.2.4.3.         Mexico Aloe Vera Extract Market Outlook

6.2.4.3.1.             Market Size & Forecast

6.2.4.3.1.1. By Value

6.2.4.3.2.             Market Share & Forecast

6.2.4.3.2.1. By Product Market Share Analysis

6.2.4.3.2.2. By Application Market Share Analysis

6.2.4.3.2.3. By Distribution Channel Market Share Analysis

7.    Europe Aloe Vera Extract Market Outlook

7.1.  Market Size & Forecast   

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Market Share Analysis

7.2.2.     By Application Market Share Analysis

7.2.3.     By Distribution Channel Market Share Analysis

7.2.4.     By Country Market Share Analysis

7.2.4.1.         France Aloe Vera Extract Market Outlook

7.2.4.1.1.             Market Size & Forecast

7.2.4.1.1.1. By Value

7.2.4.1.2.             Market Share & Forecast

7.2.4.1.2.1. By Product Market Share Analysis

7.2.4.1.2.2. By Application Market Share Analysis

7.2.4.1.2.3. By Distribution Channel Market Share Analysis

7.2.4.2.         Germany Aloe Vera Extract Market Outlook

7.2.4.2.1.             Market Size & Forecast

7.2.4.2.1.1. By Value

7.2.4.2.2.             Market Share & Forecast

7.2.4.2.2.1. By Product Market Share Analysis

7.2.4.2.2.2. By Application Market Share Analysis

7.2.4.2.2.3. By Distribution Channel Market Share Analysis

7.2.4.3.         Spain Aloe Vera Extract Market Outlook

7.2.4.3.1.             Market Size & Forecast

7.2.4.3.1.1. By Value

7.2.4.3.2.             Market Share & Forecast

7.2.4.3.2.1. By Product Market Share Analysis

7.2.4.3.2.2. By Application Market Share Analysis

7.2.4.3.2.3. By Distribution Channel Market Share Analysis

7.2.4.4.         Italy Aloe Vera Extract Market Outlook

7.2.4.4.1.             Market Size & Forecast

7.2.4.4.1.1. By Value

7.2.4.4.2.             Market Share & Forecast

7.2.4.4.2.1. By Product Market Share Analysis

7.2.4.4.2.2. By Application Market Share Analysis

7.2.4.4.2.3. By Distribution Channel Market Share Analysis

7.2.4.5.         United Kingdom Aloe Vera Extract Market Outlook

7.2.4.5.1.             Market Size & Forecast

7.2.4.5.1.1. By Value

7.2.4.5.2.             Market Share & Forecast

7.2.4.5.2.1. By Product Market Share Analysis

7.2.4.5.2.2. By Application Market Share Analysis

7.2.4.5.2.3. By Distribution Channel Market Share Analysis

8.    South America Aloe Vera Extract Market Outlook

8.1.  Market Size & Forecast   

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Market Share Analysis

8.2.2.     By Application Market Share Analysis

8.2.3.     By Distribution Channel Market Share Analysis

8.2.4.     By Country Market Share Analysis

8.2.4.1.         Argentina Aloe Vera Extract Market Outlook

8.2.4.1.1.             Market Size & Forecast

8.2.4.1.1.1. By Value

8.2.4.1.2.             Market Share & Forecast

8.2.4.1.2.1. By Product Market Share Analysis

8.2.4.1.2.2. By Application Market Share Analysis

8.2.4.1.2.3. By Distribution Channel Market Share Analysis

8.2.4.2.         Colombia Aloe Vera Extract Market Outlook

8.2.4.2.1.             Market Size & Forecast

8.2.4.2.1.1. By Value

8.2.4.2.2.             Market Share & Forecast

8.2.4.2.2.1. By Product Market Share Analysis

8.2.4.2.2.2. By Application Market Share Analysis

8.2.4.2.2.3. By Distribution Channel Market Share Analysis

8.2.4.3.         Brazil Aloe Vera Extract Market Outlook

8.2.4.3.1.             Market Size & Forecast

8.2.4.3.1.1. By Value

8.2.4.3.2.             Market Share & Forecast

8.2.4.3.2.1. By Product Market Share Analysis

8.2.4.3.2.2. By Application Market Share Analysis

8.2.4.3.2.3. By Distribution Channel Market Share Analysis

9.    Middle East & Africa Aloe Vera Extract Market Outlook

9.1.  Market Size & Forecast   

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Market Share Analysis

9.2.2.     By Application Market Share Analysis

9.2.3.     By Distribution Channel Market Share Analysis

9.2.4.     By Country Market Share Analysis

9.2.4.1.         South Africa Aloe Vera Extract Market Outlook

9.2.4.1.1.             Market Size & Forecast

9.2.4.1.1.1. By Value

9.2.4.1.2.             Market Share & Forecast

9.2.4.1.2.1. By Product Market Share Analysis

9.2.4.1.2.2. By Application Market Share Analysis

9.2.4.1.2.3. By Distribution Channel Market Share Analysis

9.2.4.2.         Saudi Arabia Aloe Vera Extract Market Outlook

9.2.4.2.1.             Market Size & Forecast

9.2.4.2.1.1. By Value

9.2.4.2.2.             Market Share & Forecast

9.2.4.2.2.1. By Product Market Share Analysis

9.2.4.2.2.2. By Application Market Share Analysis

9.2.4.2.2.3. By Distribution Channel Market Share Analysis

9.2.4.3.         UAE Aloe Vera Extract Market Outlook

9.2.4.3.1.             Market Size & Forecast

9.2.4.3.1.1. By Value

9.2.4.3.2.             Market Share & Forecast

9.2.4.3.2.1. By Product Market Share Analysis

9.2.4.3.2.2. By Application Market Share Analysis

9.2.4.3.2.3. By Distribution Channel Market Share Analysis

10.  Market Dynamics

10.1.    Drivers

10.2.    Challenges

11.  Impact of COVID-19 on Global Aloe Vera Extract Market

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.    Company Profiles

13.1.1.  Aloe Farms, Inc.

13.1.1.1.      Company Details

13.1.1.2.      Products

13.1.1.3.      Financials (As Per Availability)

13.1.1.4.      Key Market Focus & Geographical Presence

13.1.1.5.      Recent Developments

13.1.1.6.      Key Management Personnel

13.1.2.  Natural Aloe Costa Rica S.A.

13.1.2.1.      Company Details

13.1.2.2.      Products

13.1.2.3.      Financials (As Per Availability)

13.1.2.4.      Key Market Focus & Geographical Presence

13.1.2.5.      Recent Developments

13.1.2.6.      Key Management Personnel

13.1.3.  Foodchem International Corporation

13.1.3.1.      Company Details

13.1.3.2.      Products

13.1.3.3.      Financials (As Per Availability)

13.1.3.4.      Key Market Focus & Geographical Presence

13.1.3.5.      Recent Developments

13.1.3.6.      Key Management Personnel

13.1.4.  Aloecorp, Inc.

13.1.4.1.      Company Details

13.1.4.2.      Products

13.1.4.3.      Financials (As Per Availability)

13.1.4.4.      Key Market Focus & Geographical Presence

13.1.4.5.      Recent Developments

13.1.4.6.      Key Management Personnel

13.1.5.  Aloe Laboratories, Inc.

13.1.5.1.      Company Details

13.1.5.2.      Products

13.1.5.3.      Financials (As Per Availability)

13.1.5.4.      Key Market Focus & Geographical Presence

13.1.5.5.      Recent Developments

13.1.5.6.      Key Management Personnel

13.1.6.  Terry Laboratories, Inc.

13.1.6.1.      Company Details

13.1.6.2.      Products

13.1.6.3.      Financials (As Per Availability)

13.1.6.4.      Key Market Focus & Geographical Presence

13.1.6.5.      Recent Developments

13.1.6.6.      Key Management Personnel

13.1.7.   Pharmachem Laboratories, Inc.

13.1.7.1.      Company Details

13.1.7.2.      Products

13.1.7.3.      Financials (As Per Availability)

13.1.7.4.      Key Market Focus & Geographical Presence

13.1.7.5.      Recent Developments

13.1.7.6.      Key Management Personnel

13.1.8.  Aloecorp, Inc.

13.1.8.1.      Company Details

13.1.8.2.      Products

13.1.8.3.      Financials (As Per Availability)

13.1.8.4.      Key Market Focus & Geographical Presence

13.1.8.5.      Recent Developments

13.1.8.6.      Key Management Personnel

13.1.9.  Ashland LLC.

13.1.9.1.      Company Details

13.1.9.2.      Products

13.1.9.3.      Financials (As Per Availability)

13.1.9.4.      Key Market Focus & Geographical Presence

13.1.9.5.      Recent Developments

13.1.9.6.      Key Management Personnel

13.1.10.                Lily of the Desert Organic

13.1.10.1.    Company Details

13.1.10.2.    Products

13.1.10.3.    Financials (As Per Availability)

13.1.10.4.    Key Market Focus & Geographical Presence

13.1.10.5.    Recent Developments

13.1.10.6.    Key Management Personnel

14.  Strategic Recommendations/Action Plan

14.1.    Key Focus Areas

14.2.    Target Product Type

14.3.    Target Distribution Channel

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the Global Aloe Vera Extract Market was estimated to be USD2.82 Billion in 2022.

The growth of the global Aloe Vera Extract market is driven by the increasing awareness of the health benefits of aloe vera, and the growing demand for natural and organic products, which is also driving the demand for aloe vera extract. Aloe vera is a natural product that is free of chemicals, which makes it appealing to consumers who are looking for healthier alternatives.

The trends in the global aloe vera extract market included increasing demand for convenient and easy-to-use products, increasing demand for innovative products.

The global Aloe Vera Extract market faces challenges like growing competition from synthetic products, which are often cheaper and more effective than aloe vera extract. This is a challenge for the aloe vera extract market, as it can make it difficult for companies to compete.

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