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 viscous, colourless and transparent liquid extracted from aloe vera plant. Today, aloe vera gel has a strong global presence due to its widespread usage as a commercial ingredient in numerous industrial products. During the forecast period, the market is expected to grow at a CAGR of around 11%. The market is currently being driven by the increasing demand in the pharmaceutical, cosmetic and food industry. This report by Expert Market Research entitled “Aloe Vera Gel Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the aloe vera gel market.
Historical market trends for the aloe vera industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global aloe vera market into the following regions – North America, South America, Asia-Pacific, Europe and others. Asia-Pacific currently represents the largest market. Additionally, the report has analysed the global aloe vera gel market on the basis of end-use. Pharmaceutical industry currently represents the biggest end-use market followed by the cosmetic and food industry.
The value chain analysis of aloe vera gel has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the aloe vera gel industry has also been provided. Some of the key players in this market include Forever Living Products, Herbalife International, Aloecorp Inc., Aloe Laboratories Inc. and Aloe Vera Australia.
This report provides an exhaustive insight for setting-up and running an aloe vera gel manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global aloe vera gel market?
- Which are the biggest markets (regions) for aloe vera gel?
- What are the key application areas for aloe vera gel?
- Who are the key manufacturers in the aloe vera gel market?
- What are the land and construction requirements to start an aloe vera gel manufacturing plant?
- What are the machinery requirements to start an aloe vera gel manufacturing plant?
- How is aloe vera gel priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start an aloe vera gel manufacturing plant?
- What are the running costs of an aloe vera gel manufacturing plant?
- How much revenue can an aloe vera gel manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the aloe vera gel industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.