Aloe Vera Industry - Market Overview by Expert Market Research

The green-cactus looking plant is not just a plant with its roots in folklore, it has also seamlessly integrated into everything we use over time. Today, the aloe vera industry has evolved into a multimillion-dollar market. Its use extends from beauty creams to healthy juices and diet supplements. The aloe vera gel market alone is a USD 200 million industry growing at approximately 8-9% each year. The abundant health benefits associated with the consumption of aloe vera products, the increased prevalence of lifestyle-related disorders, increasing consciousness regarding health and well-being, and the subsequent rise in demand for natural products among the woke population has been majorly driving the growth of this industry.

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The aloe vera gel is extracted from the inner part of the aloe plant leaf by slicing the leaf open, and the typical uses of this transparent mucilaginous gel vary from topical uses to minimize perspiration to oral dosing of diabetes and various other gastrointestinal diseases. Aloe vera gel is effective in treating burn wounds, herpes, and seborrheic dermatitis in clinical trials. Aloe vera is commonly used in skincare. It hydrates the skin, prevents skin flaccidity, and soothes skin irritation. Rich in Vitamin C, E, and beta carotenes, aloe vera provides nourishing and anti-aging qualities, improves digestion, and cures other stomach problems.

The bio-active properties of aloe vera gel are therapeutic and have also shown results in curing several dermatological diseases. It also helps in reducing tan, treats sunburn, and stretch marks. Known for its skin smoothening, anti-blemish, and moisturising properties, aloe vera gel is extensively used as a base product in the formulation of various skin-care products, such as moisturising lotions, soaps, shampoos, facial cleansers, and creams. Aloe vera rejuvenates hair with its nutrients giving it greater elasticity and breakage prevention. It can help in regulating the digestive system, act as a supplement in controlling diabetes, build the immune system, prevent arthritis, and maintain cholesterol levels.

Aloe vera cultivation is widespread in the world and ranges from China in the east to southern Europe and the southern states of the USA (Florida and Texas) in the west. It is also grown in other Asian countries, Mexico, Brazil, and the Caribbean islands. The Asia Pacific region is one of the most significant and fastest-growing markets in the global aloe vera market. It accounts for nearly 35% of the total market share. Countries like Australia, Bangladesh, China, and India are the major aloe vera producing countries, who are aiding the market growth in the Asia Pacific.

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The rising preference for natural and organic ingredients in health drinks as well as other supplements among the health-conscious consumers is aiding the market growth. Moreover, the thriving cosmetics industry, rapid development in emerging nations, and growing consumer disposable incomes are further boosting the market growth. Also, the introduction of alternative medicine regimens, supplier innovations, and increasing scientific research on the health benefits of aloe vera-based products promises a brighter future for this market.