Aloe Vera Market to see Huge Growth by 2028

The global aloe vera market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. The aloe vera plant has been used for thousands of years to heal a variety of conditions, most notably burns, wounds, skin irritations, and constipation. It contains numerous vitamins and minerals, enzymes, amino acids, natural sugars, and agents which are anti-inflammatory and anti-microbial in nature. With altering lifestyles and rising pollution levels, consumer preference has shifted from chemical-based products toward herbal or organic ingredients. Thus, due to its herbal and medicinal benefits and the shifting preference of consumers in favor of organic products it has been widely promoted by many pharma and cosmetic industries as a remedy for various health problems. It has been used to reduce the glucose level in the blood which has been useful in controlling diabetes; it is also used in anti-aging and anti-wrinkle creams and moisturizers. Moisturizer or cream is preferred as it is not oily or sticky though dries up quickly as it is easily absorbed by the skin and does not have any type of odor. When aloe vera is consumed in the form of liquid or juice it gives relief from many kinds of stomach ailments such as irritable bowel, reflux, Crohn's disease, indigestion, heartburn, and others.

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Apart from this, it also balances the level of acids in the stomach which has a soothing effect on the stomach. Furthermore, aloe vera help cures mouth and gum problems and severe gum diseases. All these health benefits offered by aloe vera are the main factors driving companies to launch new products in the market in the form of pure and organic products. For instance, in June 2020, Emami launches BoroPlus Organic Aloe Vera Gel, which claims to offer skincare, solutions for skin and hair problems such as dull, dry skin/ hair, dandruff, pimples, dark spots, tanning, fine lines, hair fizziness, sunburns, shaving cuts and also acts as a post waxing moisturizer.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

· By Product Type

· By Distribution Channel

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape-Aloe Farms, Inc., Aloecorp, Inc, Emami Group, Juicy Chemistry, Ashland Inc., and others.

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Aloe Vera Market Report Segment

By Product Type

• Gel

• Powder

• Capsule

• Liquid

By Distribution Channel

• Online

• Offline

By Application

• Food

• Pharmaceutical

• Cosmetic

Aloe Vera Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Aloe Farms, Inc.

• Aloe Laboratories, Inc.

• Aloecorp, Inc

• Ashland Inc. (Pharmachem Laboratories Inc.)

• Exa las coronas s.l.

• Foodchem International Corp.

• Herbalife International of America Inc.

• HOUSSY AMERICA

• Juicy Chemistry

• Lily of the Desert

• LR Health & Beauty Systems GmbH

• NaturAloe

• Pejoseca Laboratories Ltd.,(Aloveria)

• Terry Labs LLC

• Warren Laboratories LLC

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