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Aloe Vera Extract Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Aloe Vera Products Market Overview and it is segmented by product form (gels, liquid, capsules/tablets, powder, oil, and others), application (pharmaceuticals, food and personal care products) and by geography.

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Aloe Vera Extract Market Size

Aloe Vera Extract Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 7.20 %
Fastest Growing Market Europe
Largest Market Asia Pacific
Market Concentration High

Major Players

Aloe Vera Extract Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Aloe Vera Extract Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Aloe Vera Extract Market Analysis

The global aloe vera extracts market is growing at a CAGR of 7.2% during the forecast period (2019-2024).

  • The market is mainly driven by the growing awareness regarding the medicinal properties of aloe vera in the treatment of maladies including diabetes, skin and hair diseases. Also, its use in personal care products (such as cream, lotion, soap, shampoo) and as an ingredient in food and beverages in recent years has been growing significantly and is fueling the market growth.

  • Favorable government regulatory bodies, such as International Aloe Science Council provides certification for verified growers, processors, marketing companies and testing laboratories to encourage them to increase the production of aloe vera. In addition, the regulatory bodies are also promoting the use of aloe vera in a wide range of products including dietary supplements, skincare products, and beverages.

Aloe Vera Extract Market Trends

This section covers the major market trends shaping the Aloe Vera Extract Market according to our research experts:

Increased consumption as dietary supplements

Demand for the use of aloevera extract is increasing in the recent years owing to its medicinal benefit it provides to treat many maladies. In addition, favorable regulatory bodies guidelines have led a significant growth of the market. For instance, FDA approved Aloe vera ointment as an over-the-counter medication for skin burns back in 1959. Also, SEFAP has noted the current increasing trend for consumption of food supplements in Italy between the time period 2009 and 2016. 

Global Aloe Vera Extract Market - Consumption of food supplements in Italy in 2009 and 2016, by number of packages sold

Asia-Pacific to drive the market

Asia-Pacific is dominating the global market of aloe vera extracts, owing to the increased awareness regarding the benefits of aloe vera extracts. Countries such as China and India are driving the region's market owing to its growing demand in the pharmaceutical and cosmetics industries. Also, the functional food industry has been growing steadily which is further fueling the market growth. For instance, Harmony Green America, Inc. launched an organic aloe vera juice in EVOH Bottle. In addition, factors such as increasing spending more towards functional foods, cosmetic and personal care products, has been resulting in the demand to augment the aloe vera extract market in the Asia-Pacific region.

Aloe Vera Extract Market - Market Size, by Region, Global, 2018

Aloe Vera Extract Industry Overview

The global market for aloe vera extracts is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Few of the major players in the global aloe vera market includes Agromayal Botánica S.A. de C.V., Aloe Jaumave S.A de C.V, Aloe Laboratories, Aloe Queen Inc. and Aloecorp among others.

Aloe Vera Extract Market Leaders

  1. Agromayal Botánica S.A. de C.V.

  2. Aloe Jaumave S.A de C.V

  3. Aloe Laboratories

  4. Aloe Queen Inc.

  5. Aloecorp

*Disclaimer: Major Players sorted in no particular order

Aloe Vera Extract Market Concentration
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Aloe Vera Extract Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Form

      1. 5.1.1 Gel

      2. 5.1.2 Liquid

      3. 5.1.3 Capsules/Tablets

      4. 5.1.4 Powder

      5. 5.1.5 Oil

      6. 5.1.6 Other Product Forms

    2. 5.2 Application

      1. 5.2.1 Pharmaceuticals

      2. 5.2.2 Foods

      3. 5.2.3 Beverages

      4. 5.2.4 Personal Care Products

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Agromayal Botanica S.A. de C.V.

      2. 6.3.2 Aloe Jaumave S.A de C.V

      3. 6.3.3 Aloe Laboratories

      4. 6.3.4 Aloe Queen Inc.

      5. 6.3.5 Aloecorp

      6. 6.3.6 Natural Aloe de Costa Rica

      7. 6.3.7 Terry Laboratories, L.L.C.

      8. 6.3.8 Ashland LLC.

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aloe Vera Extract Industry Segmentation

The global aloe vera extracts market has been segmented by product form intogels, liquid, capsules/tablets, powder, oil and others; and by application into pharmaceuticals, food and personal care products.Also, the study provides an analysis of the aloe vera extracts market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Product Form
Gel
Liquid
Capsules/Tablets
Powder
Oil
Other Product Forms
Application
Pharmaceuticals
Foods
Beverages
Personal Care Products
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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Aloe Vera Extract Market Research FAQs

The Aloe Vera Extract Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)

Agromayal Botánica S.A. de C.V., Aloe Jaumave S.A de C.V, Aloe Laboratories, Aloe Queen Inc. and Aloecorp are the major companies operating in the Aloe Vera Extract Market.

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Aloe Vera Extract Market.

The report covers the Aloe Vera Extract Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aloe Vera Extract Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Aloe Vera Extract Industry Report

The Aloe Vera Products Market Overview is segmented by product form, including gels, liquid, capsules/tablets, powder, oil, and others. It also covers applications in pharmaceuticals, food, and personal care products, providing a comprehensive market forecast outlook. The industry report offers an in-depth market analysis, highlighting market share, market size, and market growth. The industry information includes a historical overview and market trends, which are essential for understanding the market value and market segmentation.

The report includes detailed industry research, presenting industry statistics and industry sales data. Market leaders are identified, and the market review encompasses the industry outlook and market predictions. The market forecast is supported by industry analysis, offering insights into the market outlook and market overview. Market data and industry reports are available for further industry research.

The report example is available as a free report PDF download, providing valuable industry trends and market growth rate information. Research companies can utilize this industry research to understand market dynamics and industry size. The report also includes industry reports, industry trends, and market segmentation, ensuring a thorough understanding of the market. Industry statistics and industry size are critical for assessing the market value and market predictions. The market review and market forecast offer a detailed market outlook, highlighting market leaders and market growth.

Aloe Vera Extract Market Report Snapshots

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Aloe Vera Extract Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)