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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Aloe Vera Market Trends
Technological advancements in processing methods have significantly impacted the aloe vera market by facilitating the extraction and stabilisation of aloe vera, thereby expanding its range of applications. Modern processing technologies allow for the preservation of aloe vera's beneficial properties, such as its vitamins, enzymes, minerals, and amino acids, during extraction and production. This means that the aloe vera used in products is of higher quality and efficacy, making it more appealing to consumers looking for effective natural products.
New market players are expanding their product portfolio and promoting aloe vera market development by incorporating aloe vera in their products. Dettol, a well-known brand in the antiseptic soap category, announced in September 2023 that it has expanded its product line by introducing a new variant of soap called Dettol Aloe Vera. The addition of aloe vera to the soap aims to provide extra care for the skin while still offering the germ-protection qualities that Dettol is known for.
Aloe Vera Market Report Snapshots
Aloe Vera Market Regional Analysis
*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
In 2023, the global aloe vera market attained a value of nearly USD 768.93 million.
In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 8.5%.
By 2032, the market is estimated to reach a value of about USD 1,602.76 million.
The major market drivers include rising disposable incomes, increasing health consciousness, and the increasing use of aloe vera in diverse products across major end-use sectors.
The key trends guiding the market include the launches of new products, the growing awareness regarding the benefits of aloe vera, and the rising demand for organic products.
The leading regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various products of aloe vera considered in the market report are aloe vera gel extract and aloe vera whole leaf extract, among others.
The significant forms of aloe vera in the market are concentrates, gels, drinks, powders, and capsules.
The leading end-use industries for the product are pharmaceutical industry, cosmetic industry, and food industry.
The major players in the market are Aloe Farms, Inc., Aloe Laboratories, Terry Laboratories, Aloecorp., Ashland Global Holdings Inc., and Herbalife International of America, Inc., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124