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Global Aloe Vera Extract Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Aloe Vera Extract Market value is expected to reach $4.7 billion growing at a CAGR of 11.4% during 2023-2030.Aloe vera is a succulent plant from the Arabian Peninsula that is part of the lily family. Due to its therapeutic characteristics, it has been used for millennia to treat a variety of ailments and diseases. Aloe vera is also frequently used in the pharmaceutical, cosmetic, and food and beverage industries. In addition, several phytosterols, polyphenols, fatty acids, alkanes, indoles, pyrimidines, alkaloids, aldehydes, organic acids, alcohols, and dicarboxylic acids have all been identified in aloe vera leaves.
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Asia-Pacific is projected to have profitable growth over the forecasted period, due to an increased awareness of the advantages of aloe vera extracts. Additionally, the market expansion is being fueled by the rapidly expanding functional food sector. For instance, EVOH Bottle released an organic aloe vera juice from Harmony Green America, Inc. Furthermore, factors including rising consumer expenditure on functional foods, cosmetics, and personal care products have contributed to the need to expand the aloe vera extract market in the Asia-Pacific region.
Some of the key players in Aloe Vera Extract market include Aloe Farms, Inc, Aloe Laboratories, Inc, Aloecorp, Inc., Calmino Group, Foodchem International Corporation , Lily of the Desert Organic, Natural Aloe Costa Rica S.A., Pharmachem Laboratories, Inc, Roche and Terry Laboratories.
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