Aloe Vera Gel Market Analysis, Size, Industry Share, Growth, Opportunity and Future Trends 2022-2027
The global aloe vera gel market reached a value of US$ 243.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 381.1 Million by 2027, exhibiting a CAGR of 7.56% during 2022-2027.
According to IMARC Group’s latest report, titled “Aloe Vera Gel Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027”, the global aloe vera gel market reached a value of US$ 243.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 381.1 Million by 2027, exhibiting a CAGR of 7.56% during 2022-2027.
Aloe vera gel is a transparent, herbal soothing gel that is made from the leafy pulp containing parenchymal tissue (Liliaceae). It mostly comprises water, and carbohydrate polymers, including glucomannans or pectic acid, vitamins, amino acids, enzymes, hormones, and other organic and inorganic components as standard ingredients. These compounds help cure sunburn, treat canker sores, skin issues, bug bites, ulcers, arthritis, and constipation, heal small wounds or abrasions, and strengthen immune systems. Apart from this, aloe vera gel exhibits phytochemicals, bioactive, antioxidant, and antibacterial properties; therefore, it finds extensive applications in ointments, skin lotions, pharmaceutical products, and cosmetics.
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Market Trends and Drivers:
The increasing prevalence of diverse lifestyle diseases and the shifting inclination toward nutritional food and beverages has prompted consumers to widely adopt aloe vera gel-infused drinks owing to their multiple health benefits, which is primarily driving the market growth. Such items lower cholesterol, alleviate acid reflux, and control blood sugar levels. Furthermore, the escalating consciousness amongst individuals regarding their physical appearance and the need for effective personal care goods has supplemented the product incorporation in facial creams, masks, and sunscreens. Aloe vera gel comprises anti-aging and moisturizing properties that can deal with teeth and gum disease, constipation, diabetic foot ulcers, and skin disorders. Besides this, ongoing product diversification by key players and the growing awareness regarding several therapeutic benefits of aloe vera gel that improve hair growth, reduce dandruff, and maintain the pH level of scalps are contributing to the market expansion.
Aloe Vera Gel Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the aloe vera gel market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Aloecorp Inc.
- Aloe Laboratories Inc. (Harmony Green Co. Ltd.)
- Forever Living Products Inc.
- Foodchem International Corporation
- Herbalife International Inc.
- Lily of the Desert
- Pharmachem Laboratories Inc.
- Terry Laboratories Inc.
Key Market Segmentation:
The report has segmented the global aloe vera gel market based on nature, end-use industry, distribution channel and region.
Breakup by Nature:
Breakup by End-Use Industry
- Cosmetic and Personal Care Industry
- Food and Beverages Industry
- Pharmaceutical Industry
Breakup by Distribution Channel:
- Institutional Sales
- Supermarkets and Hypermarkets
- Specialty Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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