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Global Aloe Vera Market Analysis, Share, Trends, Forecast: By Product: Aloe Vera Gel Extract, Aloe Vera Whole Leaf extract, Others; By Form: Concentrates, Gels, Drinks, Powders, Capsules; By End Use Industry: Pharmaceutical Industry, Cosmetic Industry, Food Industry; Regional Analysis; Competitive Landscape; 2024-2032
Global Aloe Vera Market Outlook
The global aloe vera market size reached a value of almost USD 768.93 million in the year 2023. The market is further expected to grow at a CAGR of 8.5% between 2024 and 2032 to reach a value of almost USD 1,602.76 million by 2032.
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The global aloe vera market is driven by the therapeutic properties of aloe vera, which is generating the demand for the product in several industries. Thailand represents the leading producer of aloe vera, holding more than a third of the total global production. On the other hand, the Asia Pacific represents the largest consumer of the product, accounting for the majority of the total global consumption.
Properties and Applications
Aloe vera is widely known for its healing and restorative properties. It has thick and succulent green leaves that contain gel and latex. The gel comprises primarily of water, and the rest includes various vitamins, enzymes, hormones, amino acids, minerals, and sugars, the majority of which are found in the human body. It is an extensively used product in the cosmetic and toiletries, food, and the pharmaceutical industries.
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The aloe vera market is segregated on the basis of product into:
- Aloe Vera Gel Extract
- Aloe Vera Whole Leaf Extract
- Others
On the basis of form, the industry is divided into:
- Concentrates
- Gels
- Drinks
- Powders
- Capsules
On the basis of end use industry, it is segmented into:
- Pharmaceutical
- Cosmetic
- Food
The report also covers the regional markets of the product like North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
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Market Analysis
The global aloe vera market is driven by the therapeutic properties of the product, due to which the product is used in various industries, including food and beverages, cosmetics, and pharmaceuticals. The product is employed in the healthcare industry in the production of different products, such as tonics, capsules, tablets, salves, and supplements, further aiding the industry growth. Also, it is used by several people to treat wounds and various skin ailments at home. It has also demonstrated promising results in the treatment of psoriasis, sugar levels, lowing LDL, and increasing HDL. In the cosmetic industry, the plant offers several applications in organic and herbal products, further enhancing the industry growth. The product is an essential ingredient in hair tonics, hair masks, conditioners, eyeliners, sun blocks, shampoos, etc. In addition to this, manufacturers in the food and beverage industry are launching products containing aloe vera such as tea, juices, flavoured drinks, instant drink powders, and others, on account of the rising health consciousness among the consumers. These factors are expected to propel the growth of the aloe vera market in the coming years.
The report covers the macro and micro aspects of the industry. It analyses the historical (2016-2029) and forecast (2024-2032) trends of the market segments like products, forms, end-use industries, and regions. 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. The key demand and price indicators of the industry have also been provided. A detailed assessment of the regional price trends for the historical (2016-2029) and forecast (2024-2032) has also been given within the report.
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 Product |
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| Breakup by Form |
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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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aloe Vera Market Analysis
8.1 Key Industry Highlights
8.2 Global Aloe Vera Historical Market (2018-2023)
8.3 Global Aloe Vera Market Forecast (2024-2032)
8.4 Global Aloe Vera Market by Product
8.4.1 Aloe Vera Gel Extract
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Aloe Vera Whole Leaf extract
8.4.2.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.3 Others
8.5 Global Aloe Vera Market by Form
8.5.1 Concentrates
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Gels
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Drinks
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Powders
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Capsules
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Aloe Vera Market by End Use Industry
8.6.1 Pharmaceutical Industry
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Cosmetic Industry
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Food Industry
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Aloe Vera Market by Region
8.7.1 North America
8.7.2 Europe
8.7.3 Asia Pacific
8.7.4 Latin America
8.7.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Setting Up an Aloe Vera Manufacturing Plant
13.1 Aloe Vera Industry: Key Success and Risk Factors
13.2 Products Manufactured
13.3 Manufacturing Process Involved
13.4 Process Flow
13.5 Raw Material Requirements and Mass Balance
14 Capital Investment
14.1 Land Requirements and Investment
14.2 Construction Requirements and Investment
14.3 Plant Layout
14.4 Machinery Requirements and Investment
14.5 Other Capital Requirements and Investment
15 Operating Expenditures
15.1 Raw Material Requirements and Expenditures
15.2 Packaging Requirements and Costs
15.3 Labour Requirements and Costs
15.4 Transportation Requirements and Costs
15.5 Utility Requirements and Costs
15.6 Financial Support
15.7 Other Operating Expenditures
16 Project Economics
16.1 Techno-Economic Parameters
16.2 Product Pricing and Margins
16.3 Income Projections
16.4 Expenditure Projections
16.5 Taxation
16.6 Depreciation
16.7 Financial Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Aloe Farms, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Aloe Laboratories
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Terry Laboratories
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Aloecorp.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Ashland Global Holdings Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Herbalife International of America, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aloe Vera Market: Key Industry Highlights, 2018 and 2032
2. Global Aloe Vera Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Aloe Vera Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Aloe Vera Historical Market: Breakup by Form USD Million), 2018-2023
5. Global Aloe Vera Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Global Aloe Vera Historical Market: Breakup by End-Use (USD Million), 2018-2023
7. Global Aloe Vera Market Forecast: Breakup by End-Use (USD Million), 2024-2032
8. Global Aloe Vera Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Aloe Vera Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Aloe Vera Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Aloe Vera Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Aloe Vera Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Aloe Vera Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Aloe Vera Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Aloe Vera Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Aloe Vera Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Aloe Vera Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Aloe Vera Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Aloe Vera Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Aloe Vera Market Structure
Key Questions Answered in the Report
In 2023, the global aloe vera market attained a value of nearly USD 768.93 million.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 8.5%.
By 2032, the market is estimated to reach a value of about USD 1,602.76 million.
The major market drivers include rising disposable incomes, increasing health consciousness, and the increasing use of aloe vera in diverse products across major end-use sectors.
The key trends guiding the market include the launches of new products, the growing awareness regarding the benefits of aloe vera, and the rising demand for organic products.
The leading regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products of aloe vera considered in the market report are aloe vera gel extract and aloe vera whole leaf extract, among others.
The significant forms of aloe vera in the market are concentrates, gels, drinks, powders, and capsules.
The leading end-use industries for the product are pharmaceutical industry, cosmetic industry, and food industry.
The leading market players include Aloe Farms, Inc., Aloe Laboratories, Terry Laboratories, Aloecorp., Ashland Global Holdings Inc., and Herbalife International of America, Inc., among others.
Analyst Review
The global aloe vera market attained a value of USD 768.93 million in 2023 driven by the growing health consciousness of consumers. Aided by the increasing inclusion of the product across its end-use sectors, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.5%. The industry is projected to reach USD 1,602.76 million by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product types, the aloe vera market can be segmented into gel extract and whole leaf extract of the product, among others. On the basis of form, the industry is divided into concentrates, gels, drinks, powders, and capsules. On the basis of end use industry, the market is segmented into pharmaceutical, cosmetic, and food industries. The major regional markets for the product are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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