Latin America, Middle East & Africa Aloe Vera Extract Market Databank
The Aloe Vera Extract market was valued at $1,600.0 Million in 2020, and is projected to reach $2,903.0 Million by 2029 growing at a CAGR of 6.89% from 2021 to 2029. Liquid segment is expected to be the highest contributor to this market, with $1,025.3 Million in 2020, and is anticipated to reach $1,865.2 Million by 2029, registering a CAGR of 6.92%. Capsule or Tablet segment is anticipated to reach $163.5 Million by 2029 with the highest CAGR of 7.07%. Liquid and Gels segments collectively expected to account for about 83.0% share of the Aloe Vera Extract market in 2020, with the former constituting around 64.1% share. Capsule or Tablet and Powder segments are expected to witness significant growth rates at a CAGR of 7.07% and 6.99% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 17.0% in the overall Aloe Vera Extract market in 2020, and is anticipated to reach 17.2% by 2029.
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