Aloe Vera Gel Market Potential Growth, Size, Share, Demand And Analysis Of Key Players - Research Forecasts To 2032

The global aloe vera gel market is estimated at USD 337.7 Mn in 2022 and is projected to reach USD 712.3 Mn by 2032, at a CAGR of 7.8% from 2022 to 2032. Globally, the market is estimated to create an absolute $ opportunity of about USD 374.6 Mn by 2032.

Aloe vera is popular worldwide due to the medicinal, herbal, and remedial properties it possesses. The aloe vera plant is a species of the Liliacea family, and is majorly grown in tropical regions such as the United States, Mexico, China, India, Korea, and others. Aloe vera gel is derived from the inner leaf of the plant, and comprises majorly of water content and minerals, hormones, enzymes, vitamins, amino acids, and sugars in small amount. Aloe vera gel offers a wide range of benefits, owing to its diverse beneficial properties and applications in several industries, such as cosmetics, healthcare, personal care, baby care, food and beverages, and others.

There are immense opportunities for market participants in the aloe vera gel market, owing to the enormous use of aloe vera gel as an ingredient in the cosmetic industry for the removal of acne, revitalizing skin, smoothing the skin and hair, for skin treatments, and more. Aloe vera gel is also used for juices and as a food ingredient for providing additional nutritional supplement and instant energy.

To Get Sample Copy of Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7521

Growing Focus on Product Promotion through Various Consumer Platforms Surging the Demand for Aloe Vera Gel

In recent years, the number of health and fitness shows and events has increased, worldwide, which, in turn, is driving the growth of the aloe vera gel market. Aloe vera gel product manufacturers are focused on targeting these shows for product promotions. Moreover, aloe vera gel manufacturers are also laying emphasis on increasing brand visibility through various promotional events. The promotion of aloe vera gel drinks in direct selling channels is also helping foster revenue growth and awareness.

The advertising of natural ingredient-based products in magazines, TV lineups, and newspapers is increasing consumer awareness about the potential benefits of aloe vera gel.

North America to Dominate the Global Aloe Vera Gel Market

The North American region is estimated to account for around 44.5% of the market share for aloe vera gel in 2018 by value, with the U.S. having the highest share in the region, with an estimated value share of 90%, and the projected aloe vera gel market value to be US$ 100.9 Mn in 2018. In addition, the APAC region also is estimated to showcase prominent growth in the aloe vera gel market during the forecast period, with a CAGR of 8.8% by value, owing to growing urbanization, increase in the disposable income of consumers, high millennial population, and changing lifestyle and food & beverage preferences.

e-Commerce One of the Fastest Growing Distribution Channels in the Aloe Vera Gel Market

The fastest-growing distribution channel in the aloe vera gel market during the forecast period is projected to be e-Commerce platforms, which is estimated to grow at a CAGR of 10.4%, with a BPS of 436, owing to technological and digital advancements, and increase in the number of consumers, especially the millennial population using smartphones and other digital mediums to buy various food and beverages, cosmetics, homecare, and grocery products with just a click while sitting at their places.

Global Aloe Vera Gel Market: Competition Dashboard

FMI has profiled some of the prominent market participants in the global aloe vera gel market identified across the value chain, such as Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Patanjali Ayurved Ltd., Aloecorp, Inc., Pharmachem Laboratories, Inc., L'Oréal S.A., Herbalife International, Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Foodchem International Corporation, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Fruit of the Earth, Inc., Nature's Essence Pvt. Ltd., Forever Living Products International, Inc., and a Improve USA, Inc., among others.

Market Segmentation

Following are the major segments in the aloe vera gel market:

Aloe Vera Gel Market by Nature

Organic Aloe Vera Gel
Conventional Aloe Vera Gel

Aloe Vera Gel Market by End Use

Hair Care
Skincare
Toiletries
Baby Care
Healthcare
Food and Beverages
Other End Uses

Aloe Vera Gel Market by Distribution Channel

Direct
Supermarkets/Hypermarkets
Specialty Stores
Pharmacy Stores
Convenience Stores
Online Retail
Others

Aloe Vera Gel Market by Region

North America
Latin America
Eastern Europe
Western Europe
APAC
Middle East & Africa

Discover more about report analysis with figures and data tables. Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-7521

Key Questions Answered in the Report

What is the size of aloe vera gel market?
In 2021, aloe vera gel market is valued at US$ 315 Mn, and expected to grow at 7.8 % CAGR.

Which are the leading companies in aloe vera gel market?
The major players in the global aloe vera gel market are Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Inc., Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Forever Living Products International, Inc., and a Improve USA Inc.

Contact:
Future Market Insights Inc. 
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA 
T: +1-845-579-5705 
For Sales Enquiries: sales@futuremarketinsights.com  
Browse Other Reports: https://www.futuremarketinsights.com/reports

About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.