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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Aloe Vera Gel Market Outlook
The global aloe vera gel industry is expected to grow at a CAGR of around 9.5% in the forecast period of 2024-2032. The market is currently being driven by the increasing demand in the pharmaceutical, cosmetic, and food industries.
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Asia Pacific to be Among the Leading Regions for Aloe Vera Gel
The Asia Pacific region is among the leading regions for aloe vera gel, both in terms of production and consumption. Aloe vera gel has been garnering immense popularity amongst consumers owing to its medicinal properties. It has a large consumer base, especially due to its high demand in the cosmetics and skincare sector. Aloe vera gel is now widely marketed in the forms of gel, creams, powder, toners, face packs and masks, among other products. The calming and soothing effects of aloe vera gel are known to help inflamed skin and burns, among other problems. It has a higher demand amongst consumers with sensitive skin.
The rising use of the product in the healthcare sector has also been augmenting the market growth. Aloe vera gel has been an important part of the ancient herbal treatment methods in the region, especially in India and China. This is likely to continue propelling the market growth in the forecast period as well.
Market Segmentations
Aloe Vera is one of the most powerful, herbal, and well-known medicinal plants. Natural aloe vera and its varied properties have been known to man for ages. Found in the inner part of the aloe plant leaf, aloe vera gel is a viscous, colourless, and transparent liquid extracted from the aloe vera plant. Today, aloe vera gel has a strong global presence due to its widespread usage as a commercial ingredient in numerous industrial aloe vera products market.
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Based on the end-use industry, the market can be divided into:
- Pharmaceutical
- Cosmetic
- Food
The regional markets for aloe vera gel can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Skincare and Cosmetics Industry is Aiding the Market Growth
The growing demand for aloe vera gel can be attributed to the rising awareness of its medicinal effects, which is boosting its demand within the skincare and cosmetics sectors. The product is widely demanded among the consumers. Thus, the key players have been introducing a wide range of products which say that the major ingredient is aloe vera gel. The product is widely offered by different brands in the form of gel or in other forms, like deodorants, creams, lip balms, and masks, among others. Aloe vera gel is also beneficial in soothing skin burn, cuts, or any other sort of skin inflammation. It is also used in different hair care products. Apart from skincare and cosmetics, aloe vera gel finds wide applications in the food and beverage industries. Many companies are introducing drinks infused with aloe vera gel to cater to the changing demands of health-conscious consumers, which is aiding its demand.
Key Players in the Global Aloe Vera Gel Market
The report gives a detailed analysis of the following key players in the global aloe vera gel market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Forever Living.com, L.L.C.
- Herbalife International, Inc.
- Aloecorp, Inc
- Aloe Laboratories, Inc.
- Aloe Vera of Australia Pty Ltd
- Ashland Inc.,
- TERRY LABORATORIES, L.L.C.
- Fruit of the Earth
- Edgewell Personal Care
- Lily of the Desert
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Aloe Vera Gel Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global aloe vera gel market is expected to grow at a CAGR of about 9.5% in the forecast period of 2024-2032.
The major drivers of the market, such as rising disposable incomes, increasing population, rising demand for end-use products, and the rising demand from the personal care and beauty industry, are aiding in the industry.
The rising popularity of organic products will act as an important industry trend in the coming years.
The Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the other major regions in the market.
The leading end use sectors in the industry are pharmaceutical industry, cosmetic industry, and food industry.
The major players in the market are Forever Living.com, L.L.C., Herbalife International, Inc., Aloecorp, Inc, Aloe Laboratories, Inc., Aloe Vera of Australia Pty Ltd, Ashland Inc., TERRY LABORATORIES, L.L.C., Fruit of the Earth, Edgewell Personal Care, and Lily of the Desert, among others.
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