Aloe Vera Drinks : Competitive Analysis and Market Demand - Alo Drink, Aloe Farms, Amb Wellness, Grace Foods, Houssy Global

Aloe vera drinks are rich in amino acids, which further help skin retain its elasticity to diminish dryness & wrinkles; also polysaccharides, which further add extra hydrating power by helping moisture bind to skin cells need extra hydration. The juice has an ample amount of vitamins A, C, and E, which are potent antioxidants that protect skin mainly from UV light damage. In addition, auxins & gibberellins present in the aloe vera help in healing wounds and fighting inflammation. A rise in popularity of functional drinks, mainly in developing countries, is being witnessed owing to the fact that these drinks are soothing, optionally have added fruit flavors which deliver a relishing taste to them and revitalize the skin well. Such innovations further make them a healthy alternative over conventional aloe medicines used for cosmetic use, quenching soft-drink cravings, and serving a dual purpose of skin nourishment.

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MARKET SCOPE

The "Global Aloe Vera Drinks Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aloe vera drinks market with detailed market segmentation by flavor, category, distribution channel, and geography. The report provides key statistics on the market status of the leading aloe vera drinks market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

Based on flavor, the global aloe vera drinks market is segmented into flavored and plain
Based on category, the market is bifurcated into organic and conventional
Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others

MARKET DYNAMICS
Drivers:

Steady growth of food and beverage industry
Growing popularity of aloe vera drinks among consumers due to its nutritional benefits
Rising demand for organic aloe vera drinks and increasing purchase through online retailers

Restraints

Higher price of aloe vera drinks may restrict the market growth

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aloe vera drinks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aloe vera drinks market in these regions.

IMPACT OF COVID-19 ON ALOE VERA DRINKS MARKET

As of July 2021, the US, India, Brazil, Russia, Spain, France, the UK, Turkey, and Italy, are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 is affecting economies and several industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various manufacturing plants and factories has also been affected the global supply chains also negatively impacted the manufacturing, delivery schedules, and sales of goods in the global market. In addition, the global travel bans further imposed by countries in Europe, Asia-Pacific, and North America are also affecting business collaborations as well as partnership opportunities.
Due to the Covid-19 pandemic, the food and beverage industry is also facing huge losses, which is further impacting the world economy. It has further disrupted the transportation system and disrupted the supply of raw materials. The disruptive value chain has had a negative impact on the raw material supply, which, in turn, is impacting the growth of the aloe vera drinks market. However, as the economies are planning to revive their operations, the demand for aloe vera drinks is presumed to rise since consumers are buying food products through online retailers. In addition, food & beverage producing companies are also taking some safety measures to fight the coronavirus, which include limiting direct contact with delivery person & visitors, strengthening & communicating proper hygiene practices, and conducting complete sanitations & eliminating personnel contact during shift changes. With all these factors, it can be presumed that in post-pandemic times, the demand for these products will take a hike.

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MARKET PLAYERS

The report covers key developments in the aloe vera drinks market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from aloe vera drinks market are anticipated to witness lucrative growth opportunities in the future with the rising demand for aloe vera drinks in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aloe vera drinks market. In addition, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key developments in the last five years.
Alo Drink
Aloe Farms Inc.
Amb Wellness
Grace Foods
Houssy Global
JJ Martin Group
Keumkang B&F Co., Ltd.
Lotte Chilsung Beverage Co., Ltd.
OKF Corporation
Tulip International Inc.

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This release was published on openPR.