Market Size of Aloe Vera Extract Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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 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 |
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Aloe Vera Extract Market Size Summary
The aloe vera extract market is experiencing significant growth, driven by increasing awareness of its medicinal properties and its expanding use in personal care products and the food and beverage industry. The market is supported by favorable regulatory bodies like the International Aloe Science Council, which encourages production and promotes the use of aloe vera in various products, including dietary supplements and skincare items. The demand for aloe vera extracts is rising due to its benefits in treating conditions such as diabetes and skin ailments, with regulatory approvals further boosting its market presence.
The Asia-Pacific region leads the global aloe vera extract market, with countries like China and India contributing to its growth through increased demand in the pharmaceutical and cosmetics sectors. The region's expanding functional food industry also plays a crucial role in market expansion. The global market is fragmented, with numerous regional and domestic players engaging in mergers, expansions, acquisitions, and partnerships to enhance their market presence. Key players in the market include Agromayal Bot√°nica 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 Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Form
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2.1.1 Gel
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2.1.2 Liquid
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2.1.3 Capsules/Tablets
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2.1.4 Powder
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2.1.5 Oil
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2.1.6 Other Product Forms
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2.2 Application
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2.2.1 Pharmaceuticals
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2.2.2 Foods
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2.2.3 Beverages
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2.2.4 Personal Care Products
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Aloe Vera Extract Market Size FAQs
What is the current Aloe Vera Extract Market size?
The Aloe Vera Extract Market is projected to register a CAGR of 7.20% during the forecast period (2024-2029)
Who are the key players in Aloe Vera Extract Market?
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.
