Press release
Global Aloe Vera Extract Market to Reach $4.45 Billion by 2029, Growing at 9% CAGR
Aloe Vera Extract Global Market Report 2025
The growth of the aloe vera extract market is projected to be driven by the escalating demand for natural and organic cosmetics. Organic cosmetic formulations are developed and produced using organic components derived from organic farming methodologies, excluding synthetic chemicals like pesticides, herbicides, or genetically modified organisms (GMOs). Aloe vera extract is particularly integral to the production of these natural and organic cosmetics. As an example, a March 2022 report by the Soil Association, a sustainable and organic agriculture and food production organization based in the UK, disclosed that certified organic and natural beauty and wellness products in the UK saw a 15% growth in 2021, netting €164 million ($179.35 million). Additionally, the COSMOS (Cosmetic Organic and Natural Standard), a global standard for organic and natural cosmetics, certified roughly 50,000 products and ingredients in 2021. Consequently, there was a 32% increase in the sales of COSMOS-certified products in 2021 compared to 2020. Thus, the surge in demand for natural and organic cosmetics is fueling the expansion of the aloe vera extract market.
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What Is the projected market size and growth rate for the aloe vera extract market?
Recent years have seen substantial growth in the aloe vera extract market size. The market is expected to expand from a worth of $2.85 billion in 2024 to $3.1 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.8%. The growth experienced during the historic period can be linked to an increase in consumer awareness about health advantages, a surge in demand within the cosmetics and personal care industry, a growing trend in nutraceuticals and dietary supplements, as well as a broader range of uses in the food and beverage sector.
The market for aloe vera extract is set to experience substantial growth in the coming years, with projections estimating it will ampllify to $4.45 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.4%. The surge during the forecast period is expected due to ongoing demand for natural skin and beauty care products, research into the medicinal benefits of aloe vera, its growing incorporation in health and functional drinks, rise in usage in herbal and natural medicines, and a global trend towards sustainability and products that are environmentally friendly. Key trends in the forecast period comprise of focus on organic and sustainable procurement, advancements in aloe vera enriched products, growth of aloe vera farming and harvesting, penetration into global markets, and emphasis on quality control and certification norms.
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What new trends are reshaping the aloe vera extract market and its opportunities?
Aloe vera extract market's leading businesses are exploring new formulas and enhancing their products, such as integrating aloe vera into nutritional drinks to satisfy the growing customer need for natural components for wellness and skin health. One such innovative product is a pineapple-flavoured aloe vera drink, which blends the hydrating qualities of aloe vera with the tropical sweetness of pineapple. It provides a nutritious and invigorating option, frequently promoted for its health advantages, such as digestive aid and hydration. For example, a US-based food company, Kelly Loves, introduced a new pineapple-flavoured aloe vera beverage in September 2023. The 500ml drink is saturated with natural aloe gel and is sugar-free, gluten-free, and vegan. The product aims to deliver a refreshing flavor while capitalizing on aloe vera's health benefits, making it an attractive option for health-oriented consumers seeking a tasty and wholesome drink.
What major market segments define the scope and growth of the aloe vera extract market?
The aloe vera extract market covered in this report is segmented -
1) By Product Form: Liquid, Gel, Powder, Other Product Forms
2) By Distribution Channel: Offline, Online
3) By Application: Functional Food, Cosmetics, Pharmaceuticals, Beverages, Other Application Types
Subsegments:
1) By Liquid: Aloe Vera Juice, Concentrated Aloe Vera Liquid
2) By Gel: Pure Aloe Vera Gel, Aloe Vera Gel With Additives
3) By Powder: Freeze-Dried Aloe Vera Powder, Spray-Dried Aloe Vera Powder
4) By Other Product Forms: Aloe Vera Capsules, Aloe Vera Granules, Aloe Vera Creams And Lotions
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Which region dominates the aloe vera extract market?
Asia-Pacific was the largest region in the aloe vera extract market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the aloe vera extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which key market leaders are driving the aloe vera extract industry growth?
Major companies operating in the aloe vera extract market include Herbalife International Inc., Ashland Inc., Patanjali Ayurved Ltd, NOW foods, LR Health And Beauty Systems GmbH, Aloecorp Inc., Lily of the Desert Organic, Warren Laboratories LLC, Pharmachem Laboratories Inc., Active Organics Inc., Botanic Healthcare LLC, Aloe Laboratories Inc., Camden-Grey Essential Oils Inc., Foodchem International Corporation, Green Leaf Naturals, Aloe Plus Lanzarote S.L, Calmino Group AB, Aloe Queen Inc., Forever Living Products Inc., Terry Laboratories Inc., Tropical Products Inc., Aloe Farms Inc., Natural Aloe Costa Rica SA, Pokonobe Industries Inc., Cady Products LLC
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What Is Covered In The Aloe Vera Extract Global Market Report?
• Market Size Forecast: Examine the aloe vera extract market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the aloe vera extract market for a structured understanding.
• Key Players Overview: Analyze major players in the aloe vera extract market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the aloe vera extract market.
• Segment Contributions: Evaluate how different segments drive overall growth in the aloe vera extract market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the aloe vera extract market.
• Industry Challenges: Identify potential risks and obstacles affecting the aloe vera extract market.
• Competitive Landscape: Review strategic developments in the aloe vera extract market, including expansions, agreements, and new product launches.
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