The Aloe Vera Market size was USD 2.39 billion in 2022 and is expected to Reach USD 4.39 billion by 2030 and grow at a CAGR of 7.9% over the forecast period of 2023-2030.
Aloe Vera is available in a variety of forms, including liquid gels, capsules, powder, gels, and others. Aloe vera has been used to treat a variety of skin, hair, and diabetic conditions. Unprocessed aloe vera extract, in particular, is widely utilized in healthcare, cosmetics, and other applications. Organic aloe vera products are becoming more popular among consumers.
Aloe vera is classified into three application sectors food and beverages, pharmaceuticals, and cosmetics. The increased use of aloe vera in aloe-based beverages drives market demand. Cosmetics are expected to rise significantly. The prevalence of several skin illnesses and other associated concerns has increased the demand for cosmetic products.
Most organizations are investing in research and development and introducing innovative products to obtain a competitive advantage and increase their global presence. Currently, one of the significant market trends is the increasing usage of aloe Vera extracts in sugar-free drinks, which is predicted to broaden the product's application reach. Due to growing customer awareness of leading a healthy lifestyle, markets for producers include nations like India, China, and the U.S.
KEY DRIVERS
Rising demand for aloe vera in the healthcare sector
Aloe vera is widely known for its many medicinal properties, which include the capacity to treat wounds, heal burns, and strengthen the immune system. Customers are increasingly looking for natural items like aloe vera to boost their health as they become more health-conscious. Numerous chronic illnesses, including diabetes, heart disease, and cancer, can be naturally treated using aloe vera. The market for aloe vera products will rise as these diseases become more common.
RESTRAIN
Adversely clinical effects of the Aloe vera
Some people, particularly those who are allergic to other members of the lily family, such as tulips and onions, may have skin discomfort from aloe vera. Aloe vera may increase the skin's sensitivity to sunlight, increasing the chance of getting sunburned.
Aloe vera can induce low potassium levels (hypokalemia) in some persons, particularly those who take diuretics or have kidney problems. When used in high quantities, aloe vera can cause diarrhea. Because aloe vera can interfere with blood clotting, those with bleeding issues should use it with caution.
OPPORTUNITY
Increasing demand for aloe extracts in the herbal and natural ingredient
Rising usage in cosmetics and skincare industries
Lotions, creams, and soaps that are used for personal care and cosmetic purposes frequently contain aloe vera as an ingredient. It is perfect for these products because of its calming and hydrating qualities. Aloe vera naturally attracts moisture to the skin since it is a humectant. Due to this, it works well as a moisturizer, which keeps the skin hydrated, as well as an ingredient in sunscreen, anti-aging products, acne treatments, and hair care products.
CHALLENGES
Competition from other natural ingredients
Adulteration of aloe vera extracts
Adulteration of aloe vera extracts can occur in a variety of ways, including diluting aloe vera extract with water or other less expensive ingredients, adding coloring agents or other chemicals to make the extract appear more pure or potent, or using synthetic aloe vera extract instead of genuine extract. This has the potential to impair the quality of aloe vera products.
When purchasing aloe vera extract products, consumers may be uncertain whether they are getting the genuine product due to adulteration. This can harm the reputation of aloe vera extract and make customers unwilling to buy it.
Russia Ukraine war has impacted sectors that are used in aloe vera. Russia and Ukraine are major producers of aloe vera. Aloe vera is used in a variety of food and beverage, pharmaceutical products, cosmetics, and skincare product. The supply disruptions caused by the war are likely to lead to shortages of these products. Some consumers are avoiding aloe vera products that are made in Russia or Ukraine, while others are increasing their demand for these products as a way to support the Ukrainian economy.
High prices of aloe vera have negatively impacted the cosmetic, and pharmaceutical sectors mainly. The recession has led to an increase in the prices of every commodity. The price of aloe vera is high due to high shipping tariffs, Supply chain disruptions, and Economic sanctions. The majority of the population's use of herbal products is quickly increasing. Growing demand for aloe vera extract and disruption in the supply chain can hamper the market growth.
By Product
Liquid
Capsule
Powder
Gels
By Distribution Channel
Offline
Online
By Application
Food & Beverages
Pharmaceutical
Cosmetic
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Asia-Pacific has taken over the global market for aloe vera extracts. China and India are driving the region's industry due to rising demand in the pharmaceutical and cosmetics industries. Growing population and rising per capita income levels are predicted to drive demand for skincare and cosmetic products. India has the world's fastest-growing cosmetics market. The aloe vera industry is being driven by an expanding number of organic product manufacturers.
North America was the market with the second largest share in the world attributed to rising product usage for the treatment of conditions including cancer, diabetes, gum disease, hair loss, etc, Aloe vera's biggest market in North America is in Mexico, which is followed by the US and Canada.
Another attractive market is Europe, which is anticipated to rise significantly over the projection period. Consumers in European nations including the U.K., France, and Germany are becoming more interested in nutritional health and supplement products and therapies to improve their health and treatment as well as to prevent sickness. Europe's biggest aloe vera market is in Germany, followed by France and Italy.
The cosmetic and pharmaceutical sectors are increasing their demand for aloe vera throughout Latin America, the Middle East, and Africa. Latin America's largest aloe vera market is in Brazil, followed by Argentina and Colombia. In the Middle East and Africa, Saudi Arabia has the biggest aloe vera market, followed by Egypt and Morocco.
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin American
Agromayal Botánica S.A. de C.V., Aloe Farms, Inc., Aloe Laboratories, Inc., Lily of the Desert Organic, Pharmachem Laboratories, Inc., Foodchem International Corporation, Terry Laboratories, Inc., Aloecorp, Inc., Natural Aloe Costa Rica S.A., Aloe Queen Inc., and other key players are mentioned in the final report.
Desert Harvest- In 2023 Desert Harvest, a producer of nutritional supplements containing concentrated aloe vera extract, has collaborated with DopDop Salon master stylist Eddie Wünderlich to develop Wünderlich aloe-infused conditioner and shampoo.
Desert Harvest- In 2022 Desert Harvest, a producer of nutritional supplements including a patented super-concentrated aloe vera extract, has released a new Collagen supplement.
Organic Harvest- In July 2022 personal care and Organic cosmetics firm Organic Harvest has launched a new line of organic aloe vera gel. The product is available in four different categories. The new Organic Aloe Vera Gel is unisex and suitable for all skin and hair types and ages.
| Report Attributes | Details |
| Market Size in 2022 | US$ 2.39 Billion |
| Market Size by 2030 | US$ 4.39 Billion |
| CAGR | CAGR of 7.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Liquid Gels, Capsule, Powder, Gels, Liquid) • By Distribution Channel (Offline, Online) • By Application (Food & Beverages, Pharmaceutical, Cosmetic) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Agromayal Botánica S.A. de C.V., Aloe Farms, Inc., Aloe Laboratories, Inc., Lily of the Desert Organic, Pharmachem Laboratories, Inc., Foodchem International Corporation, Terry Laboratories, Inc., Aloecorp, Inc., Natural Aloe Costa Rica S.A., Aloe Queen Inc. |
| Key Drivers | • Rising demand for aloe vera in the healthcare sector |
| Market Challenges | • Competition from other natural ingredients • Adulteration of aloe vera extracts |
Ans. USD 4.39 billion is the projected Aloe Vera Market size of the market by 2030.
Ans. USD 2.39 billion is the projected value in 2022 for Aloe Vera Market.
Ans. The CAGR of the Aloe Vera Market over the forecast period is 7.9%.
Ans. Opportunities are Increasing demand for aloe extracts in the herbal and natural ingredients and rising usage in cosmetics and skincare industries.
Ans. Asia Pacific is the fastest-growing region of the Aloe Vera Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.3. Introduction
4.3.1 Impact on major economies
4.3.1.1 US
4.3.1.2 Canada
4.3.1.3 Germany
4.3.1.4 France
4.3.1.5 United Kingdom
4.3.1.6 China
4.3.1.7 Japan
4.3.1.8 South Korea
4.3.1.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Aloe Vera Market Segmentation, By Product
8.1 Liquid
8.2 Capsule
8.3 Powder
8.4 Gels
9. Aloe Vera Market Segmentation, By Distribution Channel
9.1 Offline
9.2 Online
10. Aloe Vera Market Segmentation, By Application
10.1 Food & Beverages
10.2 Pharmaceutical
10.3 Cosmetic
11. Regional Analysis
11.1 Introduction
11.1 Introduction
11.2 North America
11.2.1 North America Aloe Vera Extract Market by Country
11.2.2 North America Aloe Vera Extract Market by Product
11.2.3 North America Aloe Vera Extract Market by Distribution Channel
11.2.4 North America Aloe Vera Extract Market by Application
11.2.5 USA
11.2.5.1 USA Aloe Vera Extract Market by Product
11.2.5.2 USA Aloe Vera Extract Market by Distribution Channel
11.2.5.3 USA Aloe Vera Extract Market by Application
11.2.6 Canada
11.2.6.1 Canada Aloe Vera Extract Market by Product
11.2.6.2 Canada Aloe Vera Extract Market by Distribution Channel
11.2.6.3 Canada Aloe Vera Extract Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Aloe Vera Extract Market by Product
11.2.7.2 Mexico Aloe Vera Extract Market by Distribution Channel
11.2.7.3 Mexico Aloe Vera Extract Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Aloe Vera Extract Market by Country
11.3.1.2 Eastern Europe Aloe Vera Extract Market by Product
11.3.1.3 Eastern Europe Aloe Vera Extract Market by Distribution Channel
11.3.1.4 Eastern Europe Aloe Vera Extract Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Aloe Vera Extract Market by Product
11.3.1.5.2 Poland Aloe Vera Extract Market by Distribution Channel
11.3.1.5.3 Poland Aloe Vera Extract Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Aloe Vera Extract Market by Product
11.3.1.6.2 Romania Aloe Vera Extract Market by Distribution Channel
11.3.1.6.4 Romania Aloe Vera Extract Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Aloe Vera Extract Market by Product
11.3.1.7.2 Turkey Aloe Vera Extract Market by Distribution Channel
11.3.1.7.3 Turkey Aloe Vera Extract Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Aloe Vera Extract Market by Product
11.3.1.8.2 Rest of Eastern Europe Aloe Vera Extract Market by Distribution Channel
11.3.1.8.3 Rest of Eastern Europe Aloe Vera Extract Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Aloe Vera Extract Market by Product
11.3.2.2 Western Europe Aloe Vera Extract Market by Distribution Channel
11.3.2.3 Western Europe Aloe Vera Extract Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Aloe Vera Extract Market by Product
11.3.2.4.2 Germany Aloe Vera Extract Market by Distribution Channel
11.3.2.4.3 Germany Aloe Vera Extract Market by Application
11.3.2.5 France
11.3.2.5.1 France Aloe Vera Extract Market by Product
11.3.2.5.2 France Aloe Vera Extract Market by Distribution Channel
11.3.2.5.3 France Aloe Vera Extract Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Aloe Vera Extract Market by Product
11.3.2.6.2 UK Aloe Vera Extract Market by Distribution Channel
11.3.2.6.3 UK Aloe Vera Extract Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Aloe Vera Extract Market by Product
11.3.2.7.2 Italy Aloe Vera Extract Market by Distribution Channel
11.3.2.7.3 Italy Aloe Vera Extract Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Aloe Vera Extract Market by Product
11.3.2.8.2 Spain Aloe Vera Extract Market by Distribution Channel
11.3.2.8.3 Spain Aloe Vera Extract Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Aloe Vera Extract Market by Product
11.3.2.9.2 Netherlands Aloe Vera Extract Market by Distribution Channel
11.3.2.9.3 Netherlands Aloe Vera Extract Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Aloe Vera Extract Market by Product
11.3.2.10.2 Switzerland Aloe Vera Extract Market by Distribution Channel
11.3.2.10.3 Switzerland Aloe Vera Extract Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Aloe Vera Extract Market by Product
11.3.2.11.3 Austria Aloe Vera Extract Market by Distribution Channel
11.3.2.11.4 Austria Aloe Vera Extract Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Aloe Vera Extract Market by Product
11.3.2.12.2 Rest of Western Europe Aloe Vera Extract Market by Distribution Channel
11.3.2.12.3 Rest of Western Europe Aloe Vera Extract Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Aloe Vera Extract Market by Country
11.4.2 Asia-Pacific Aloe Vera Extract Market by Product
11.4.3 Asia-Pacific Aloe Vera Extract Market by Distribution Channel
11.4.4 Asia-Pacific Aloe Vera Extract Market by Application
11.4.5 China
11.4.5.1 China Aloe Vera Extract Market by Product
11.4.5.2 China Aloe Vera Extract Market by Application
11.4.5.3 China Aloe Vera Extract Market by Distribution Channel
11.4.6 India
11.4.6.1 India Aloe Vera Extract Market by Product
11.4.6.2 India Aloe Vera Extract Market by Distribution Channel
11.4.6.3 India Aloe Vera Extract Market by Application
11.4.7 Japan
11.4.7.1 Japan Aloe Vera Extract Market by Product
11.4.7.2 Japan Aloe Vera Extract Market by Distribution Channel
11.4.7.3 Japan Aloe Vera Extract Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Aloe Vera Extract Market by Product
11.4.8.2 South Korea Aloe Vera Extract Market by Distribution Channel
11.4.8.3 South Korea Aloe Vera Extract Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Aloe Vera Extract Market by Product
11.4.9.2 Vietnam Aloe Vera Extract Market by Distribution Channel
11.4.9.3 Vietnam Aloe Vera Extract Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Aloe Vera Extract Market by Product
11.4.10.2 Singapore Aloe Vera Extract Market by Distribution Channel
11.4.10.3 Singapore Aloe Vera Extract Market by Application
11.4.11 Australia
11.4.11.1 Australia Aloe Vera Extract Market by Product
11.4.11.2 Australia Aloe Vera Extract Market by Distribution Channel
11.4.11.3 Australia Aloe Vera Extract Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Aloe Vera Extract Market by Product
11.4.12.2 Rest of Asia-Pacific Aloe Vera Extract Market by Distribution Channel
11.4.12.3 Rest of Asia-Pacific Aloe Vera Extract Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Aloe Vera Extract Market by Country
11.5.1.2 Middle East Aloe Vera Extract Market by Product
11.5.1.3 Middle East Aloe Vera Extract Market by Distribution Channel
11.5.1.4 Middle East Aloe Vera Extract Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Aloe Vera Extract Market by Product
11.5.1.5.2 UAE Aloe Vera Extract Market by Distribution Channel
11.5.1.5.3 UAE Aloe Vera Extract Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Aloe Vera Extract Market by Product
11.5.1.6.2 Egypt Aloe Vera Extract Market by Distribution Channel
11.5.1.6.3 Egypt Aloe Vera Extract Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Aloe Vera Extract Market by Product
11.5.1.7.2 Saudi Arabia Aloe Vera Extract Market by Distribution Channel
11.5.1.7.3 Saudi Arabia Aloe Vera Extract Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Aloe Vera Extract Market by Product
11.5.1.8.2 Qatar Aloe Vera Extract Market by Distribution Channel
11.5.1.8.3 Qatar Aloe Vera Extract Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Aloe Vera Extract Market by Product
11.5.1.9.2 Rest of Middle East Aloe Vera Extract Market by Distribution Channel
11.5.1.9.3 Rest of Middle East Aloe Vera Extract Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Aloe Vera Extract Market by Product
11.5.2.3 Africa Aloe Vera Extract Market by Distribution Channel
11.5.2.4 Africa Aloe Vera Extract Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Aloe Vera Extract Market by Product
11.5.2.5.2 Nigeria Aloe Vera Extract Market by Distribution Channel
11.5.2.5.3 Nigeria Aloe Vera Extract Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Aloe Vera Extract Market by Product
11.5.2.6.2 South Africa Aloe Vera Extract Market by Distribution Channel
11.5.2.6.3 South Africa Aloe Vera Extract Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Aloe Vera Extract Market by Product
11.5.2.7.2 Rest of Africa Aloe Vera Extract Market by Distribution Channel
11.5.2.7.3 Rest of Africa Aloe Vera Extract Market by Application
11.6 Latin America
11.6.1 Latin America Aloe Vera Extract Market by Country
11.6.2 Latin America Aloe Vera Extract Market by Product
11.6.3 Latin America Aloe Vera Extract Market by Distribution Channel
11.6.4 Latin America Aloe Vera Extract Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Aloe Vera Extract Market by Product
11.6.5.2 Brazil Aloe Vera Extract Market by Distribution Channel
11.6.5.3 Brazil Aloe Vera Extract Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Aloe Vera Extract Market by Product
11.6.6.2 Argentina Aloe Vera Extract Market by Distribution Channel
11.6.6.3 Argentina Aloe Vera Extract Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Aloe Vera Extract Market by Product
11.6.7.2 Colombia Aloe Vera Extract Market by Distribution Channel
11.6.7.3 Colombia Aloe Vera Extract Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Aloe Vera Extract Market by Product
11.6.8.2 Rest of Latin America Aloe Vera Extract Market by Distribution Channel
11.6.8.3 Rest of Latin America Aloe Vera Extract Market by Application
12 Company profile
12.1 Agromayal Botánica S.A. de C.V.
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Aloe Farms, Inc.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Aloe Laboratories, Inc
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Lily of the Desert Organic
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Pharmachem Laboratories, Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Aloecorp
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Foodchem International Corporation
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Terry Laboratories, Inc.
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Natural Aloe Costa Rica S.A.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Aloe Queen Inc.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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