Global Aloe Vera Market Size, Trends, and Growth Opportunity, By Type (Aloe Vera Gel Extracts, Aloe Vera Whole Leaf Extracts, Others), By Form (Gels, Powders, Capsules, Drinks, and Concentrates), By End-Use Industry (Pharmaceutical, Food, Cosmetics), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Aloe Vera Market
The Global Aloe Vera Market was valued at USD 572.4 million in 2022 and is expected to expand to USD 1154.85 billion in 2030 at a CAGR of 9.17% during the forecast period 2023-2030.
Aloe Vera is widely known for its healing and restorative features. The gel in aloe leaves is mostly water, with the remaining portion made up of vitamins, enzymes, hormones, amino acids, minerals, and carbohydrates, the majority of which are found in the human body. It is widely utilized in the cosmetic and toiletry industries, as well as the food and pharmaceutical industries. It is useful in the treatment of many health conditions, like skin problems, hair loss, gum diseases, and cancer along with burn problems such as burns from a fire, chemical injuries, sun exposure, etc.
Market Drivers
The various benefits of aloe vera and its wide range of applications in industries like food, beverages, cosmetics, and pharmaceuticals propel the growth of the market.
The increasing pollution along with a hectic lifestyle and increased incidences of health issues act as major factors for the growing market during the forecast period. Furthermore, the increasing cases of diabetes boost the expansion of the market.
Aloe Vera extracts are useful in the preparation of sugar-free drinks and rising consumer awareness and acceptance of the benefits of aloe vera fuels the market growth.
Market Restraints
Extended consumption of aloe latex can cause heart difficulties, muscle weakness, weight loss, kidney problems, low potassium, diarrhea, and blood in the urine, decreasing the demand for aloe vera and it hinders the growth of the market.
Furthermore, the high initial cost investment and lack of advanced technology for maintenance of the aloe vera extract plants restrains the growth of the global aloe vera market.
COVID-19 Impact on Aloe Vera Market
The outbreak of covid-19 negatively impacted the market as restrictions and lockdowns were imposed by the government to protect public health, and the supply chain and production were disrupted. Also, the travel restrictions and unavailability of laborers affect the market growth during the pandemic. Additionally, peoples focus on healthcare and essential things which decrease the demand for aloe vera products.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the aloe vera market:
Disruptions in the supply chain: Many aloe vera manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting aloe vera production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for aloe vera in the region.
Market Segmentation
The Global Aloe Vera Market is segmented on the basis of Type, Form, End-Use Industry, and Region. Based on Type, it is segmented into Aloe Vera Gel Extracts, Aloe Vera Whole Leaf Extracts, and Others. On the basis of Form, it is segmented into Gels, Powders, Capsules, Drinks, and Concentrates. Based on End-User Industry, it is segmented into Pharmaceutical, Food, and Cosmetics. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Analysis
Asia Pacific is likely to dominate the market over the forecast period owing to the growing pharmaceutical and cosmetic industries in this region.
North America is also anticipated to witness substantial growth because of the rising product usage for the cure of cancer, diabetes, and other diseases in this region.
Key Players
Various key players are listed in this report such as Aloe Vera HQ, Aloe plus Lanzarote SL, Lily of the Desert, NOW foods, Forever Living.com LLC, Real Aloe Solutions Inc, Patanjali Ayurved, Herbalife International of America Inc, Green Leaf Naturals, Warren Laboratories LLC, Lakewood Inc, The Bountiful Company, LR Health & Beauty.
Market Taxonomy
By Type
• Aloe Vera Gel Extracts
• Aloe Vera Whole Leaf Extracts
• Others
By Form
• Gels
• Powders
• Capsules
• Drinks
• Concentrates
By End-User Industry
• Pharmaceutical
• Food
• Cosmetics
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Aloe Vera Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Aloe Vera Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Aloe Vera Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Aloe Vera Market, By Form
5.1 Y-o-Y Growth Comparison, By Form
5.2 Aloe Vera Market Share Analysis, By Form
5.3 Aloe Vera Market Size and Forecast, By Form
5.3.1 Gels
5.3.2 Powders
5.3.3 Capsules
5.3.4 Drinks
5.3.5 Concentrates
6 Aloe Vera Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Aloe Vera Market Share Analysis, By Type
6.3 Aloe Vera Market Size and Forecast, By Type
6.3.1 Aloe Vera Gel Extracts
6.3.2 Aloe Vera Whole Leaf Extracts
6.3.3 Others
7 Aloe Vera Market, By End-Use Industry
7.1 Y-o-Y Growth Comparison, By End-Use Industry
7.2 Aloe Vera Market Share Analysis, By End-Use Industry
7.3 Aloe Vera Market Size and Forecast, By End-Use Industry
7.3.1 Pharmaceutical
7.3.2 Food
7.3.3 Cosmetics
8 Aloe Vera Market, By Region
8.1 Aloe Vera Market Share Analysis, By Region
8.2 Aloe Vera Market Share Analysis, By Region
8.3 Aloe Vera Market Size and Forecast, By Region
9 North America Aloe Vera Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Aloe Vera Market Share Analysis, By Form
9.3 North America Aloe Vera Market Size and Forecast, By Type
9.4 North America Aloe Vera Market Size and Forecast, By End-Use Industry
9.5 North America Aloe Vera Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Aloe Vera Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Aloe Vera Market Share Analysis, By Form
10.3 Europe Aloe Vera Market Size and Forecast, By Type
10.4 Europe Aloe Vera Market Size and Forecast, By End-Use Industry
10.5 Europe Aloe Vera Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Aloe Vera Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Aloe Vera Market Share Analysis, By Form
11.3 Asia Pacific Aloe Vera Market Size and Forecast, By Type
11.4 Asia Pacific Aloe Vera Market Size and Forecast, By End-Use Industry
11.5 Asia Pacific Aloe Vera Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Aloe Vera Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Aloe Vera Market Share Analysis, By Form
12.3 Latin America Aloe Vera Market Size and Forecast, By Type
12.4 Latin America Aloe Vera Market Size and Forecast, By End-Use Industry
12.4 Latin America Aloe Vera Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Aloe Vera Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Aloe Vera Market Share Analysis, By Form
13.3 Middle East Aloe Vera Market Size and Forecast, By Type
13.4 Middle East Aloe Vera Market Size and Forecast, By End-Use Industry
13.5 Middle East Aloe Vera Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Aloe Vera HQ
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Aloe plus Lanzarote SL
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Lily of the Desert
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 NOW foods
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Forever Living.com LLC
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Real Aloe Solutions Inc
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Patanjali Ayurved
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Herbalife International of America Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Green Leaf Naturals
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Warren Laboratories LLC
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 Lakewood Inc
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 The Bountiful Company
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 LR Health & Beauty
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
