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Report Overview
The global aloe vera gel market attained a value of USD 348.91 Million in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 7.20%, to reach USD 699.30 Million by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- India’s beauty and grooming market is projected to reach USD 20 billion by 2025, with organised and unorganised sectors balancing at a 44:55 ration, as per the industry reports. This growth positively impacts the demand for Aloe Vera Gel, especially in skincare and cosmetics.
- In 2022, South Korea's online cosmetics transactions hit USD 8.1 billion, as per the Korean National Statistical Office. This surge in e-commerce creates opportunities for Aloe Vera Gel products, as consumers increasingly seek natural ingredients in skincare products through digital platforms.
- The Japanese cosmetic industry, with approximately 3,000 companies, sees skincare as the dominant category, with strong interest in sensitive and natural/organic cosmetics. Aloe Vera Gel’s natural and soothing properties make it a popular choice in Japan’s expanding skincare market.
Competitive Landscape
The aloe vera gel market key players produce and supply health and wellness products, such as skincare, nutrition, and personal care items, all derived from aloe vera. They aim to promote healthy living by offering products that support nutrition, fitness, and personal care, with a strong emphasis on quality control and high-quality aloe vera gels, juices, and creams.
Key Industry Players
Forever Living Products, L.L.C.: Founded in 1978 and headquartered in Arizona, United States, Forever Living Products is a global leader in the aloe vera industry. The company manufactures and distributes health and wellness products, including skincare, nutrition, and personal care items, all derived from aloe vera. It operates in over 150 countries worldwide.
Herbalife International, Inc.: Established in 1980 and based in California, United States, Herbalife International is a multinational nutrition and weight management company. Known for its wide range of dietary supplements, Herbalife operates through a global network of independent distributors. It focuses on promoting healthy living through products that support nutrition, fitness, and personal care.
Aloecorp, Inc.: Aloecorp, founded in 1991 and headquartered in New Mexico, United States specialises in the production and distribution of high-quality aloe vera products. The company serves a wide range of industries, including food and beverage, pharmaceuticals, and cosmetics. It is known for its commitment to sustainability and innovation in aloe vera-based products.
Aloe Laboratories, Inc.: Founded in 1972 and headquartered in Texas, United States, Aloe Laboratories manufactures and markets a wide array of aloe vera-based products. It serves industries like cosmetics, food and beverages, and health supplements. The company is known for its high-quality aloe vera gels, juices, and creams, with a focus on quality control.
Other key players in the Aloe Vera Gel market report are Aloe Vera of Australia Pty Ltd, Ashland Inc., TERRY LABORATORIES, L.L.C., Fruit of the Earth, Edgewell Personal Care, and Lily of the Desert, among others.
Aloe Vera Gel Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.20% between 2025 and 2034.
The major drivers of the market, such as rising disposable incomes, increasing population, rising demand for end-use products, and the rising demand from the personal care and beauty industry, are aiding in the industry.
The rising popularity of organic products will act as an important industry trend in the coming years.
The Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa are the other major regions in the market.
The leading end use sectors in the industry are pharmaceutical industry, cosmetic industry, and food industry.
The major players in the market are Forever Living.com, L.L.C., Herbalife International, Inc., Aloecorp, Inc, Aloe Laboratories, Inc., Aloe Vera of Australia Pty Ltd, Ashland Inc., TERRY LABORATORIES, L.L.C., Fruit of the Earth, Edgewell Personal Care, and Lily of the Desert, among others.
In 2024, the aloe vera gel market reached an approximate value of USD 348.91 Million.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 699.30 Million by 2034.
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