Aloe Vera Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Aloe Vera Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview 2023-2028:

The global aloe vera gel market size reached US$ 264.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 409.5 Million by 2028, exhibiting a growth rate (CAGR) of 7.38% during 2023-2028.

Aloe vera contains polysaccharides in the gel or latex of its thick green leaves. The gel offers several therapeutic benefits based on the high content of amino acids, sugars, enzymes, hormones, vitamins, minerals, etc. Aloe vera gel is highly beneficial in treating oral problems, microbial growth, skin diseases, digestive ailments, and boosting immunity. As a result, it is widely used across several industries, including cosmetics, personal care, food and beverage, pharmaceutical, etc.

Aloe Vera Gel Market Trends:

The aloe vera gel market is primarily driven by the increasing consumer health consciousness across the world. The high prevalence of skin-related diseases, obesity, cardiovascular disorders, diabetes, etc., is augmenting the product demand. Aloe vera gel has also been found to be beneficial in reducing inflammation, lowering the symptoms of acid reflux, decreasing cancer risks and treating hemorrhoids. The rising shift of consumers from chemical-based products towards herbal or organic ingredients is further driving the market growth. The increasing use of aloe vera gel in several personal grooming products, such as facial creams, moisturizers, anti-aging products, face wash, sunscreens, etc., is also catalyzing the product demand. Additionally, the rising popularity of aloe vera gel in the healthcare sector for treating mild wounds and reducing skin inflammations is further driving the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aloe vera gel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, end-use industry and distribution channel.

Breakup by Nature:

Conventional
Organic

Breakup by End-Use Industry:

Cosmetic and Personal Care Industry
Food and Beverages Industry
Pharmaceutical Industry

Breakup by Distribution Channel:

Institutional Sales
Supermarkets and Hypermarkets
Speciality Stores
Online
Others

Breakup by Region:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Aloecorp Inc., Aloe Laboratories Inc. (Harmony Green Co. Ltd.), Forever Living Products Inc., Foodchem International Corporation, Herbalife International Inc., Lily of the Desert, Pharmachem Laboratories Inc. and Terry Laboratories Inc.

Key Questions Answered in This Report:

What was the size of the global aloe vera gel market in 2022?

What is the expected growth rate of the global aloe vera gel market during 2023-2028?

What are the key factors driving the global aloe vera gel market?

What has been the impact of COVID-19 on the global aloe vera gel market?

What is the breakup of the global aloe vera gel market based on the nature?

What is the breakup of the global aloe vera gel market based on the end-use industry?

What is the breakup of the global aloe vera gel market based on the distribution channel?

What are the key regions in the global aloe vera gel market?

Who are the key players/companies in the global aloe vera gel market?