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Outlook on the Aloe Vera Extracts Market to 2027 - Identify Growth Segments for Investment
Aloe Vera Extracts Market
Aloe vera plant looks like a cactus and produces two substances, gel and latex which has numerous health benefits and widely used for medicinal purposes. Aloe medication can be consumed orally or applied directly to the skin. The aloe vera extract is used in the treatment of various medical conditions such as hepatitis, diabetes, osteoarthritis, inflammatory bowel diseases, asthma, radiation-related skin sores, fever, stomach ulcers, itching and inflammation, and as a general tonic.
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High initial cost and low return on investment due to the cultivation of aloe vera plant on small lands are projected to curb the market growth of the aloe vera extract over the forecast period. Moreover, limited access to technical assistance for developing and managing aloe plantations successfully as a commercial business is also expected to curb market growth over the forecast period. Furthermore, price fluctuations in case of aloe vera extract based products across different regions is another major factor that is expected to restrain the overall market growth of aloe vera extracts.
Rising demand for aloe vera extract from the pharmaceutical and food industry for producing aloe vera based products is expected to foster the market growth over the forecast timeframe. For instance, in March 2016, SW Safety Solutions Inc. – California, U.S.-based glove manufacturer – introduced AloeTUFF gloves in its portfolio.
Increasing adoption of product differentiation strategy by the manufacturer and growing focus in product promotion is another major factor propelling the market growth of aloe vera extract. Additionally, expanding the e-commerce industry is another major factor fueling the market growth of aloe vera extract as online sales have witnessed a significant increase over the last few years. This is due to the rising focus of e-retailers’ on enhancing the online shopping experience through targeted marketing. According to Coherent Market Insights analysis, e-commerce sales in the Asia Pacific region grew by 34% in 2015 over 2014, while the global sales grew by 12.4%
Detailed Segmentation:
Global Aloe vera Extracts Market, By Product Type:
Aloe Vera Gel Extract
Aloe Vera Whole Leaf Extract
Others
Global Aloe vera extracts Market, By Form:
Gels
Drinks
Powders
Capsules
Concentrates
Global Aloe vera extracts Market, By End-Use Industry:
Food
Cosmetics
Pharmaceutical
Competitive Section:
Company Names
Lily of the Desert Organic Aloeceuticals
Aloe Farms Inc.
Terry Laboratories Inc.
Foodchem International Cooperation
Natural Aloe Costa Rica S.A.
Pharmachem Laboratories Inc.
Aloecorp Inc.
Aloe Laboratories Inc.
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