According to the latest report by IMARC Group, titled “Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global aloe vera market size reached a value of US$ 710 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,120 Million by 2027, exhibiting a CAGR of 7.8% during 2022-2027.
Aloe vera, also known as aloe barbadensis miller, is a shrubby and succulent plant that belongs to the Asphodelaceae (Liliaceae) family. It reduces the severity of gastroesophageal reflux disease (GERD), which is a digestive disorder. It also helps fruits and vegetables stay fresh and eliminates the use of dangerous chemicals that extend the shelf life of produce. In addition, it provides relief from bleeding or swollen gums due to the presence of vitamin C, which can block plaque. Apart from this, aloe vera assists in treating type 2 diabetes by lowering blood sugar levels in the body.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Aloe Vera Market Trends:
The growing awareness among the masses about the medicinal benefits of aloe vera represents one of the key factors driving the market. Moreover, there is a rise in the demand for natural and organic cosmetics as they do not contain any harmful ingredients. This, along with the increasing utilization of aloe vera in the production of products, such as facial creams, moisturizers, anti-aging products, face washes, and sunscreens, is propelling the growth of the market. Additionally, aloe vera extracts are widely used to treat health issues, such as skin problems, hair loss, gum diseases, and cancer. They are also used as an instant relief from different burn problems, such as burns from a fire, chemical injuries, and sun exposure, which is positively influencing the market. Besides this, the increasing usage of aloe vera in the pharmaceutical industry to manufacture ointments, gels, tablets, capsules, and other medical products is contributing to the growth of the market. Additionally, the rising employment of aloe vera in sugar-free drinks is bolstering the growth of the market.
Key Market Segmentation:
The report has segmented the global aloe vera market on the basis of product, form, application and region.
Breakup by Product:
- Aloe Vera Gel Extract
- Aloe Vera Whole Leaf Extract
- Others
Breakup by Form:
- Concentrates
- Gels
- Drinks
- Powders
- Capsules
Breakup by Application:
- Pharmaceutical Industry
- Cosmetic Industry
- Food Industry
Breakup by Region:
- Thailand
- Mexico
- Dominican Republic
- United States
- Costa Rica
- Others
Competitive Landscape With Key Players:
The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.
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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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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