North America Aloe Vera Drinks Market Size, Share & Trends Analysis Report By Flavor, By Type (RTD Juice, Juice Concentrates, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Pharmacy, Online, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Aloe Vera Drinks Market would witness market growth of 10.2% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,097.9 thousand litres, showcasing a growth of 10.3% (2019-2022).
These drinks are beverages that incorporate the gel or juice dragged from the leaves of the aloe vera plant. Aloe vera has become a sought-after ingredient in the beverage sector, offering a refreshing and health-promoting alternative to traditional drinks. The translucent gel extracted from the inner leaf of the aloe vera plant is rich in bioactive compounds, like amino acids, vitamins, minerals, and antioxidants, contributing to its popularity as a functional beverage.
The applications of these drinks are diverse, extending beyond mere refreshment to encompass a range of health and wellness benefits. Aloe vera's natural soothing properties make it a popular choice for digestive health, as the gel is supposed to aid digestion and alleviate gastrointestinal issues. Additionally, aloe vera is known for its anti-inflammatory and antioxidant properties, making it a compelling ingredient for promoting skin health and combating oxidative stress. Moreover, hese drinks have found their way into the beauty and cosmetics industry, incorporating aloe vera extracts into skincare products and capitalizing on their moisturizing and healing properties. As consumers increasingly seek holistic approaches to health and beauty, the versatile applications of these drinks continue to evolve and diversify.
Consumers in North America are increasingly seeking beverages with functional ingredients and potential health benefits. Aloe vera is perceived to have properties that support digestive health and overall well-being, aligning with the broader health and wellness trend. The growing interest in plant-based lifestyles and diets in the United States has created a favorable environment for plant-based beverages, including aloe vera. Consumers seeking alternatives to traditional beverages are likelier to explore and adopt plant-based options. Manufacturers in the US explore innovative combinations, such as blending aloe vera with coconut water, almond milk, or other plant-based ingredients, creating diverse and appealing options for consumers. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Aloe Vera Drinks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $45,263.2 Thousands by 2030. The Canada market is experiencing a CAGR of 12.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.7% during (2023 - 2030).
Based on Flavor, the market is segmented into Unflavored, and Flavored. Based on Type, the market is segmented into RTD Juice, Juice Concentrates, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Pharmacy, Online, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
- Patanjali Ayurved Limited
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Aloe Farms, Inc.
- Tulip International Inc.
- Nam Viet Foods & Beverage Co., LTD
- OKF Corporation
- AloeCure (American Global Health Group, LLC)
- Akiva Superfoods
- ALO Drink (SPI West Port Group)
North America Aloe Vera Drinks Market Report Segmentation
By Flavor (Volume, Thousand litres, USD Million, 2019-2030)
By Type (Volume, Thousand litres, USD Million, 2019-2030)
- RTD Juice
- Juice Concentrates
- Others
By Distribution Channel (Volume, Thousand litres, USD Million, 2019-2030)
- Hypermarkets & Supermarkets
- Pharmacy
- Online
- Others
By Country (Volume, Thousand litres, USD Million, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America