The global aloe vera gel market size was worth around USD 303 million in 2023 and is predicted to grow to around USD 617.8 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.36% between 2024 and 2032.
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The report provides a global and regional analysis and forecast of the aloe vera gel market. The research offers historical data from 2018 to 2022 and a forecast from 2024 to 2032, all of which are based on revenue (USD Million). The study encompasses the drivers and restraints of the aloe vera gel market, as well as their influence on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities in the aloe vera gel market.
In order to provide the readers of this report with a thorough understanding of the aloe vera gel market, we have incorporated a competitive landscape and an analysis of Porter’s Five Forces model. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
Gel and latex are present in aloe vera, which is a member of the Liliaceae family. Aloe vera, a plant species in the genus aloe, is the source of aloe vera gel. Its gel is primarily composed of water, as well as enzymes, hormones, vitamins, and carbohydrates. The gel has been acquiring rapid popularity as a result of its diverse properties and applications.
The gel’s numerous applications in the food and beverage industry are anticipated to drive substantial growth in the global aloe vera gel market in the years ahead. Food items that contain aloe vera are regarded as beneficial for health due to the nutritional properties of aloe vera. Additionally, the gel functions as a conditioner for hair and regulates the pH level of the epidermis, in addition to possessing anti-aging and moisturizing properties. The gel’s applications in the cosmetic and personal care industries are being significantly enhanced by the aforementioned benefits. Nevertheless, the aloe vera gel market may be impeded by the exorbitant prices of aloe vera, particularly in low-income countries.
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The Global Aloe Vera Gel Market is segmented based on product, application and region
Global Aloe Vera Gel Market: Product Segment Analysis
● Concentrates
● Gels
● Drinks
● Powders
● Capsules
Global Aloe Vera Gel Market: Application Segment Analysis
● Food and Beverages
● Personal Care
● Pharmaceuticals
● Cosmetics
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The Global Aloe Vera Gel market profiles key players such as:
● Pharmachem Laboratories
● NaturAloe
● Aloe Laboratories
● Terry Laboratories
● Aloe Vera Industries
● Lily of the Desert
● Aloe Farms
● Herbal Life
● Foodchem International
● Aloe Vera Australia
Regional Analysis of the Aloe Vera Gel Market
The regional segment encompasses the historical and projected demand for the following regions: North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The aloe vera gel market in North America is on the brink of substantial development as a result of the evolving food and beverage choices and lifestyles. In the meantime, Europe is anticipated to be another significant participant, particularly in the cosmetics industry, due to the increasing demand for aloe vera gel.
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