Global Aloe Vera Extract Market was valued at US$ 2.7 Bn in 2019 and is expected to reach US$ 4.9 Bn by 2026, at a CAGR of 7.73% during a forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Aloe Vera Extract Market Dynamics:
The cosmetics personal care industry is anticipated to hold the largest share in the market during the forecast period. Increasing fashion trends and rising spending on cosmetic personal care products are boosting the market growth. Rising e-Commerce is also expected to drive market growth in the cosmetics personal care industry. Based on form drinks the segment is projected to hold the largest share in the market during the forecast period. Aloe Vera-based drinks have various vitamins and folic acid, which help to reduce acidifying foods from the body is fuelling the market growth. Also, the increasing popularity of drinks with aloe Vera extract among consumers is driving the market growth. Major driving factors of the market are the growing trend of a healthy lifestyle and increasing living standards of the consumers. Growing usage of aloe Vera extract in the various end-use industry such as cosmetics, pharmaceuticals, and food is expected to fuel the market growth during the forecast period. Increasing awareness regarding the health benefits of aloe vera among consumers across the globe is propelling the market growth. The rising trend of sugar-free drinks with aloe vera extract ingredients is surging the global aloe vera extract market growth. The report provides an in-detail list of drivers and restraints in the market, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends in the market.
Global Aloe Vera Extract Market Regional Analysis:
North America is projected to lead the market growth during the forecast period owing to the rising disposable income of consumers and increased awareness regarding health among consumers. Aloe Vera has features, which are beneficial for curing skin diseases, cardiovascular diseases, weight loss, and others that are fuelling the market growth in this region. The US is estimated to surge the aloe vera market growth during the forecast period owing to the rising usage of aloe vera extract for various medicinal purposes. Asia Pacific is expected to generate the highest CAGR during the forecast period owing to the increasing purchasing power of the middle-class population, the increasing influence of western culture, and growing concerns regarding fitness. The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Global Aloe Vera Extract Market, Key Highlights:
• Global Aloe Vera Extract Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Aloe Vera Extract Market • Global Aloe Vera Extract Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Aloe Vera Extract Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Aloe Vera Extract Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Aloe Vera Extract Market are also profiled. The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
The Scope of the Global Aloe Vera Extract Market: Inquire before buying
Global Aloe Vera Extract Market, by Product
• Aloe Vera Whole Leaf Extract • Aloe Vera Gel Extract
Global Aloe Vera Extract Market, by Form
• Gels • Concentrates • Powders • Drinks • Capsules
Global Aloe Vera Extract Market, by End-Use Industry
• Pharmaceutical • Food • Cosmetics Personal Care
Global Aloe Vera Extract Market, by Region
• North America • Europe • Asia-Pacific • Middle East Africa • South America
Global Aloe Vera Extract Market Key Players
• Terry Laboratories Inc. • Cady products LLC • Houssy Global • Pharmachem Laboratories Inc. • Calmino Group AB • LR Health amp • Beauty Systems GmbH • Vedova's Herbal Care Aloe Laboratories Inc. • Pokonobe Inc. • Lily of the Desert Organic Aloeceuticals • Foodchem International Corporation • Aloe Farms Inc. • Natural Aloe Costa Rica S.A. • Aloecorp Inc. • Roche • oxygenceuticals
