Aloe Vera Extract Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Aloe Vera Extract Market
The aloe vera extract market size was valued at USD 2.65 Billion in 2023, and the market is now projected to grow from USD 2.86 Billion in 2024 to USD 5.34 Billion by 2032, exhibiting a CAGR of 8.1 % during the forecast period of 2024-2032.
The COVID-19 pandemic has spurred call for for aloe vera extract because of its perceived antiviral and antibacterial homes. This has precipitated stepped forward utilization in hand sanitizers, selfmade liquids, and different products in areas like Europe and North America. Consequently, the global aloe vera extract market is anticipated to gain from growing patron choice for herbal treatments in the course of the pandemic.
Concerns regarding the capability carcinogenic and toxic outcomes of aloe vera extract, such as hypokalemia, diarrhea, kidney failure, and phototoxicity, are restraining market increase. Chemical analysis well-known shows the presence of anthraquinones, which could result in negative fitness outcomes. Additionally, studies propose aloe vera whole leaf extract has proven indicators of carcinogenic activity in animals, raising safety worries among purchasers and impacting marketplace boom negatively.
The growing popularity of wholesome life and preference for natural liquids is using the call for for aloe-based totally liquids, propelling market boom. Consumers are moving away from high-calorie carbonated beverages towards plant-primarily based alternatives, developing moneymaking opportunities. Aloe's water content material makes it perfect for hydration, specifically all through the summer months, similarly boosting demand. Additionally, rising interest in weight management answers is fueling demand for aloe vera extracts in aloe-primarily based merchandise, contributing to enterprise boom projections.
Comprehensive Analysis of Aloe Vera Extract Market
The aloe vera extract market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated By Product Form Analysis, By Application Analysis, By Distribution Channel Analysis. By Product Form Analysis liquid, gel, powder, and others. By Application Analysis food & beverages, cosmetics, and pharmaceuticals. By Distribution Channel Analysis online and offline.
The Europe, region lead the aloe vera extract market share by benefitting a market size of 902.14 million in 2023 due increasingly pursuing nutritional health and supplements products.
The top gamers inside the market play a critical role in the industry assuring market boom and placing marketplace standards. These players Aloe Farms, Lily of the Desert Organic, Terry Laboratories, Pharmachem Laboratories, Natural Aloe Costa Rica, Foodchem International, Aloe Laboratories, Aloecorp, Calmino Group AB, Roche. these market players provide a level-playing competitive landscape.
In July 2022, Organic Harvest introduces a new range of organic Aloe Vera Gel with four distinct variants.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Billion)
Growth Rate CAGR of 8.1% from 2024 to 2032
Segmentation By Product Form
Liquid
Gel
Powder
Others
By Application
Food & Beverages
Cosmetics
Pharmaceuticals
By Distribution Channel
Offline
Online
North America (By Product Form, Application, Distribution Channel, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
Europe (By Product Form, Application, Distribution Channel, and Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Product Form, Application, Distribution Channel, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
South America (By Product Form, Application, Distribution Channel, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
Middle East and Africa (By Product Form, Application, Distribution Channel, and Country)
- Saudi Arabia (By Application)
- UAE (By Application)
Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Qualitative Analysis Related to COVID-19
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges amidst Pandemic
- 4.5.3. Potential Opportunities due to this Global Crisis
- 5. Global Aloe Vera Extract Market Analysis, Insights, and Forecast, 2024-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Form
- 5.2.1.1. Liquid
- 5.2.1.2. Gel
- 5.2.1.3. Powder
- 5.2.1.4. Others
- 5.2.2. By Application
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Cosmetics
- 5.2.2.3. Pharmaceuticals
- 5.2.3. By Distribution Channel
- 5.2.3.1. Offline
- 5.2.3.2. Online
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Aloe Vera Extract Market Analysis, Insights, and Forecast, 2024-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Form
- 6.2.1.1. Liquid
- 6.2.1.2. Gel
- 6.2.1.3. Powder
- 6.2.1.4. Others
- 6.2.2. By Application
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Cosmetics
- 6.2.2.3. Pharmaceuticals
- 6.2.3. By Distribution Channel
- 6.2.3.1. Offline
- 6.2.3.2. Online
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S.
- 6.2.4.1.1. By Application
- 6.2.4.1.1.1. Food & Beverages
- 6.2.4.1.1.2. Cosmetics
- 6.2.4.1.1.3. Pharmaceuticals
- 6.2.4.2. Canada
- 6.2.4.2.1. By Application
- 6.2.4.2.1.1. Food & Beverages
- 6.2.4.2.1.2. Cosmetics
- 6.2.4.2.1.3. Pharmaceuticals
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Application
- 6.2.4.3.1.1. Food & Beverages
- 6.2.4.3.1.2. Cosmetics
- 6.2.4.3.1.3. Pharmaceuticals
- 7. Europe Aloe Vera Extract Market Analysis, Insights, and Forecast, 2024-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Form
- 7.2.1.1. Liquid
- 7.2.1.2. Gel
- 7.2.1.3. Powder
- 7.2.1.4. Others
- 7.2.2. By Application
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Cosmetics
- 7.2.2.3. Pharmaceuticals
- 7.2.3. By Distribution Channel
- 7.2.3.1. Offline
- 7.2.3.2. Online
- 7.2.4. By Country (Value)
- 7.2.4.1. Germany
- 7.2.4.1.1. By Application
- 7.2.4.1.1.1. Food & Beverages
- 7.2.4.1.1.2. Cosmetics
- 7.2.4.1.1.3. Pharmaceuticals
- 7.2.4.2. France
- 7.2.4.2.1. By Application
- 7.2.4.2.1.1. Food & Beverages
- 7.2.4.2.1.2. Cosmetics
- 7.2.4.2.1.3. Pharmaceuticals
- 7.2.4.3. Italy
- 7.2.4.3.1. By Application
- 7.2.4.3.1.1. Food & Beverages
- 7.2.4.3.1.2. Cosmetics
- 7.2.4.3.1.3. Pharmaceuticals
- 7.2.4.4. U.K.
- 7.2.4.4.1. By Application
- 7.2.4.4.1.1. Food & Beverages
- 7.2.4.4.1.2. Cosmetics
- 7.2.4.4.1.3. Pharmaceuticals
- 7.2.4.5. Spain
- 7.2.4.5.1. By Application
- 7.2.4.5.1.1. Food & Beverages
- 7.2.4.5.1.2. Cosmetics
- 7.2.4.5.1.3. Pharmaceuticals
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Application
- 7.2.4.6.1.1. Food & Beverages
- 7.2.4.6.1.2. Cosmetics
- 7.2.4.6.1.3. Pharmaceuticals
- 8. Asia Pacific Aloe Vera Extract Market Analysis, Insights, and Forecast, 2024-2032
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Form
- 8.2.1.1. Liquid
- 8.2.1.2. Gel
- 8.2.1.3. Powder
- 8.2.1.4. Others
- 8.2.2. By Application
- 8.2.2.1. Food & Beverages
- 8.2.2.2. Cosmetics
- 8.2.2.3. Pharmaceuticals
- 8.2.3. By Distribution Channel
- 8.2.3.1. Offline
- 8.2.3.2. Online
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.1.1. By Application
- 8.2.4.1.1.1. Food & Beverages
- 8.2.4.1.1.2. Cosmetics
- 8.2.4.1.1.3. Pharmaceuticals
- 8.2.4.2. India
- 8.2.4.2.1. By Application
- 8.2.4.2.1.1. Food & Beverages
- 8.2.4.2.1.2. Cosmetics
- 8.2.4.2.1.3. Pharmaceuticals
- 8.2.4.3. Japan
- 8.2.4.3.1. By Application
- 8.2.4.3.1.1. Food & Beverages
- 8.2.4.3.1.2. Cosmetics
- 8.2.4.3.1.3. Pharmaceuticals
- 8.2.4.4. Australia
- 8.2.4.4.1. By Application
- 8.2.4.4.1.1. Food & Beverages
- 8.2.4.4.1.2. Cosmetics
- 8.2.4.4.1.3. Pharmaceuticals
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Application
- 8.2.4.5.1.1. Food & Beverages
- 8.2.4.5.1.2. Cosmetics
- 8.2.4.5.1.3. Pharmaceuticals
- 9. South America Aloe Vera Extract Market Analysis, Insights, and Forecast, 2024-2032
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Form
- 9.2.1.1. Liquid
- 9.2.1.2. Gel
- 9.2.1.3. Powder
- 9.2.1.4. Others
- 9.2.2. By Application
- 9.2.2.1. Food & Beverages
- 9.2.2.2. Cosmetics
- 9.2.2.3. Pharmaceuticals
- 9.2.3. By Distribution Channel
- 9.2.3.1. Offline
- 9.2.3.2. Online
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Application
- 9.2.4.1.1.1. Food & Beverages
- 9.2.4.1.1.2. Cosmetics
- 9.2.4.1.1.3. Pharmaceuticals
- 9.2.4.2. Argentina
- 9.2.4.2.1. By Application
- 9.2.4.2.1.1. Food & Beverages
- 9.2.4.2.1.2. Cosmetics
- 9.2.4.2.1.3. Pharmaceuticals
- 9.2.4.3. Rest of South America
- 9.2.4.3.1. By Application
- 9.2.4.3.1.1. Food & Beverages
- 9.2.4.3.1.2. Cosmetics
- 9.2.4.3.1.3. Pharmaceuticals
- 10. Middle East & Africa Aloe Vera Extract Market Analysis, Insights, and Forecast, 2024-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Form
- 10.2.1.1. Liquid
- 10.2.1.2. Gel
- 10.2.1.3. Powder
- 10.2.1.4. Others
- 10.2.2. By Application
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Cosmetics
- 10.2.2.3. Pharmaceuticals
- 10.2.3. By Distribution Channel
- 10.2.3.1. Offline
- 10.2.3.2. Online
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.1.1. By Application
- 10.2.4.1.1.1. Food & Beverages
- 10.2.4.1.1.2. Cosmetics
- 10.2.4.1.1.3. Pharmaceuticals
- 10.2.4.2. UAE
- 10.2.4.2.1. By Application
- 10.2.4.2.1.1. Food & Beverages
- 10.2.4.2.1.2. Cosmetics
- 10.2.4.2.1.3. Pharmaceuticals
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Application
- 10.2.4.3.1.1. Food & Beverages
- 10.2.4.3.1.2. Cosmetics
- 10.2.4.3.1.3. Pharmaceuticals
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Aloe Vera Extract Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Aloe Farms, Inc.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Lily of the Desert Organic
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Terry Laboratories, Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. Pharmachem Laboratories, Inc.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Natural Aloe Costa Rica S.A.
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Foodchem International Corporation
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Aloe Laboratories, Inc.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Aloecorp, Inc.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Calmino Group AB
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Roche
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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