Aloe Vera Extracts Market forecast period 2019-2025

 Industry Insight

The global aloe Vera extract market was worth USD 1.60 billion in 2018 and is expected to grow at a CAGR of 7.6% over the next five years. Growing knowledge of aloe Vera's medical use in the treatment of diabetes, skin problems, and other ailments has increased demand for natural and organic cosmetics, which include aloe Vera extracts.



To obtain a competitive advantage over their competitors and to grow their global footprint, the majority of corporations are investing in R&D and introducing innovative goods. One of the current market's significant trends is the increased usage of aloe Vera extracts in sugar-free drinks, which is predicted to expand the product's application breadth.

Aloe Vera extracts are commonly used to cure a variety of ailments, including skin disorders, hair loss, gum disease, and cancer. Increased pollution combined with a fast-paced lifestyle has resulted in a rise in the occurrence of such health problems, which is fueling market expansion. As the number of diabetic patients rises, new opportunities for the business are projected to emerge.

Aloe Vera gel or leaves are also used to provide immediate relief from a variety of burns, including fire burns, chemical burns, and sun exposure. In addition, an increase in the use of aloe Vera products in hospitals is expected to drive global market growth in the future years. Furthermore, Aloe Vera is utilized in a variety of cosmetic items such as skin tanning cream, lipsticks, stretch mark cream, moisturizer, soap, and others, which might be another reason driving market expansion.


Product Insights

In 2018, the liquid product form was the most popular, accounting for 63.82 percent of the total market. Over the forecast period, it is expected to remain a significant segment. From 2019 to 2025, the Aloe Vera Extracts Market is predicted to grow at a 7.6% CAGR. Herbal extracts are being used more frequently as people become more aware of the importance of skin health. This could help with segment development. Furthermore, aloe Vera gel can be used to treat sunburns or burn injuries, which is projected to boost demand for gel products. Furthermore, in the coming years, rising demand for ammonia-, sulfur-, and paraben-free products is expected to drive segment expansion.


Application Insights

The most common application segments are food, pharmaceuticals, and cosmetics. In 2018, the cosmetics category dominated the industry, accounting for 41.9 percent of the worldwide market share. The segment's expansion is being fueled by the increasing use of herbal extracts in cosmetics such as skin, hair, and body care products. Furthermore, the demand for herbal and organic products is fueled by consumer preference. Other reasons influencing this segment's growth include a growing senior population and an increase in incidences of skin issues.

From 2019 to 2025, the pharmaceutical segment is predicted to grow at a CAGR of 7.5 percent. The growing usage of herbal remedies to address a variety of health concerns, such as diabetes, is driving product demand in the segment. Furthermore, as aloe Vera juice is extensively used for weight loss, strengthening immunity, and improving digestion, increased knowledge about healthy lifestyle practices is projected to drive product demand in the pharma sector.

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