Leading Aloe Vera Extract Application Markets 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. Cosmetics segment is expected to be the highest contributor to this market, with $812.7 Million in 2020, and is anticipated to reach $1,475.9 Million by 2029, registering a CAGR of 6.90%. Pharmaceuticals segment is anticipated to reach $639.7 Million by 2029 with the highest CAGR of 7.00%. Cosmetics and Food segments collectively expected to account for about 78.2% share of the Aloe Vera Extract market in 2020, with the former constituting around 50.8% share. Pharmaceuticals and Cosmetics segments are expected to witness significant growth rates at a CAGR of 7.00% and 6.90% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 72.6% in the overall Aloe Vera Extract market in 2020, and is anticipated to reach 72.9% by 2029.
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