Press release
Global Aloe Vera Extracts Market representing revenues worth US$ 1.6 Bn by 2026
Aloe Vera Extracts Market
The global aloe vera extracts market revenue is anticipated to expand at a CAGR of over 7.7% in terms of value and 7.4%, in terms of volume during the forecast period. Factors such as increasing trend of consumers towards healthy lifestyle, coupled with increased usage of aloe vera extracts as an ingredient by food, pharmaceutical and cosmetics industries is fuelling market growth across the globe. Currently, the major trends witnessed in the global aloe vera extracts market are: usage of aloe vera in zero sugar drinks, as well as exploring usage of new aloe vera species.
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Demand for aloe vera extracts for manufacturing aloe vera gels, cosmetics products, juices, and yogurts will continue its upward momentum in 2016 as well. The all-pervasive health and wellness trend will also boost positive sentiment on aloe vera, with wide-ranging applications in low-calorie fruit juice and packaged drinking water opening up new avenues of growth.
The extracts are used to formulate aloe vera based products such as powders, gels, capsules, drinks and concentrates. Aloe vera is known to alleviate skin related ailments, cardiovascular diseases, weight loss and many more. Owing to these factors, consumption of aloe vera among consumers across the world has been on the rise.
Long-term outlook: FMI maintains a positive long-term outlook on the global aloe vera extracts market, estimating global revenues to surpass US$ 3.3 Bn by 2026. Volume-wise, the global aloe vera extracts market is anticipated to expand at 7.4% CAGR through 2026.
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Competitive Landscape
Lily of the Desert Organic Aloeceuticals, Aloe Farms Inc., Terry Laboratories Inc., Foodchem International Corporation, Natural Aloe Costa Rica S.A., Pharmachem Laboratories Inc., Aloecorp Inc., and Aloe Laboratories Inc. are the market leaders identified across the value chain in the global aloe vera extracts landscape. The global aloe vera extracts market is highly fragmented, with the top eight players accounting for around 6–7% revenue share of the global market in 2015. Leading companies are looking to expand their production capacity and launch new product offerings in a bid to increase market share, expand customer base and achieve a competitive edge.
Key Questions Covered in the Report
• The report offers insight into Demand for Aloe Vera Extracts demand outlook for the forecast period 2019-2026
• The market study also highlights projected sales growth for Demand for Aloe Vera Extracts between 2019 and 2026
• Demand for Aloe Vera Extracts survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Demand for Aloe Vera Extracts share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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Mr. Debashish Roy
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Website: https://www.futuremarketinsights.com
Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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