The global aloe vera extract market size
is expected to reach USD 2.67 billion by 2025 registering a CAGR of 7.6%,
according to a new report by Grand View Research, Inc. Rising importance of
herbal extracts owing to their potential benefits in preventing various health
disorders is driving the product demand. Moreover, shifting consumer preference
for natural and organic products over chemical-based products is expected fuel
the demand further.
Juice/liquid product segment held the
largest share in the global market in 2018 due to increased consumption of
juice for the treatment of obesity and diabetes in countries, such as India and
China. Gel segment is witnessing a significant growth due to rising demand for
gel-based products, such as soaps, shampoos, and moisturizers. Online
distribution channel segment is expected to witness the fastest growth over the
forecast period. In Europe, around 50% of cosmetic manufacturers have their own
online distribution channel.
Various small-scale organic product
manufacturers sell their products through their own websites. These factors are
driving the segment growth. Moreover, increasing penetration of smartphones
coupled with the digitalization has increased the scope of online channels. In
the European market, Germany account for the highest share of this segment.
Asia Pacific led the global market accounting for 30.6% of the overall market
share. The region is expected to maintain its dominance over the forecast
period owing to increasing demand for herbal cosmetics in the region.
China held the major share of Asia Pacific
market in 2018 and is likely to expand further at a CAGR of 8.9% from 2019 to
2025. Aloe Vera juice is used for the treatment of diabetes, cancer, and
obesity. Increasing prevalence of diabetes in the country is expected provide
growth opportunity for the market over the forecast period.
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https://www.grandviewresearch.com/industry-analysis/aloe-vera-extracts-market
https://www.grandviewresearch.com/industry-analysis/aloe-vera-extracts-market
Further key findings from the study suggest:
· Product demand in North America is
anticipated to grow at a CAGR of 8.7% over the forecast period owing to rising
consumer preference for natural products over synthetic or chemical-based goods
· China led the Asia Pacific aloe Vera
extract market on account of higher population and demand for herbal products
and is expected to witness the fastest growth over the forecast period
· Manufacturers are aiming to achieve optimum
business growth by implementing strategies including acquisition, joint
venture, capacity expansion, new product development, promotion of crucial
product brands, and significant investments in R&D
· Some of the major companies in the market
are Terry Laboratories, Inc.; Cady products LLC.; Pokonobe Inc.; Lily of the
Desert; Aloe Farms, Inc.; Houssy Global; Aloecorp, Inc.; Natural Aloe Costa
Rica S.A.; Foodchem International Corporation; and Pharmachem Laboratories,
Inc.; Aloe Laboratories, Inc.; and Organic Aloeceuticals
Grand View Research has segmented the
global aloe Vera extract market on the basis of product, application,
distribution channel, and region:
Aloe Vera Extract Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Capsule or Tablet
·
Powder
·
Liquid
·
Gels
Aloe Vera Extract Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Food
·
Pharmaceuticals
·
Cosmetics
Aloe Vera Extract Distribution Channel
Outlook (Revenue, USD Million, 2015 - 2025)
·
Offline
·
Online
Aloe Vera Extract Regional Outlook
(Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
