Selbyville, Delaware, Global Aloe Vera Market size to reach USD 553.10 million by 2027 and is valued approximately USD 304 million in 2020 and is anticipated to grow with a healthy growth rate of more than 8.90% over the forecast period 2021-2027.
Aloe vera is a stem less plant. It is developed overall during tropical, semi-tropical and dry environments and is utilized in cosmetics, toiletries, personal care products and for medicinal purposes as well.
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Increasing disposable income of consumers, health consciousness and increasing trend of personal care products is fueling the demand for aloe vera. For instance, according to a survey by Statista in May 2017, 66% of U.S. consumers believed personal care products with aloe vera to have a particularly nurturing effect. Forever Living Products is currently the largest producer of Aloe Vera products in the world. Other major players include Herbalife (USA), Aloecorp (China), Aloe Laboratories (USA) and Aloe Vera Australia, In 2010, the company reported unaudited revenue of $1.7 billion and a network of 9.3 million distributors. The company was active in over 165 countries as of 2018. In February 2015, the company announced they had appointed a new management team to ‘oversee the affairs of the company in Nigeria. However, problems associated with consuming aloe latex for long time impedes the growth of the market over the forecast period of 2021-2027. Also, rising demand for aloe vera products is likely to increase the market growth during the forecast period.
Major market player included in this report are:
- Aloe Laboratories Inc.,
- Terry Laboratories Inc.,
- Pokonobe Inc.
- Foodchem International Corporation,
- Lily of the Desert Organic Aloeceuticals,
- Aloe Farms Inc.,
- Aloecorp Inc.,
- Natural Aloe Costa Rica S.A.,
- Houssy Global and Pharmachem Laboratories Inc.,
- Cady products LLC.
The regional analysis of global Aloe Vera market is considered for the regions such as, Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the main area across the world having biggest share of market for aloe items in various structures combined with the well stablished infrastructures Factors such as rising disposable income, and shifting preferance toward natural products would create lucrative growth prospects for the Aloe Vera market across Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Aloe Vera Gel Extracts,
- Aloe Vera Whole Leaf Extracts
Global Aloe Vera Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Aloe Vera market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Aloe Vera in 2020?
- What shall be the Aloe Vera Market size by 2027?
- Which region shall account for the largest market share of the Aloe Vera Industry?
- What are the market threats and opportunities considered by the vendors in the Aloe Vera Market?
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