Exploring Aloe Vera Extract Market Opportunity, Latest Trends, Demand, and Development By 2028- MarkNtel Advisors
According to Markntel Advisors Report, Aloe Vera Extract Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Aloe Vera, also known as “the plant of immortality,” is a short-stemmed shrub
that contains more than 500 species of flowering-succulent plants and has been
used for centuries owing to its medicinal benefits. Originating from the
Arabian Peninsula, this genus is grown commercially in warm tropical areas and
finds varied applications in industries like personal care & cosmetics,
food & beverage, and healthcare, among others.
Global Aloe Vera Extract Market
Research Report & Summary:
The Global Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast
period, i.e., 2023-28.
Time Period
Captured in the Report:
·
Historical
Years: 2018-21
·
Base
Years: 2022
·
Forecast
Years: 2023-2028
Who are the Key Players Operating in the Aloe
Vera Extract Market?
The top
companies of the Aloe Vera Extract Market ruling the industry are:
Aloe King, Aloe
Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera
Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare,
Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ
Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co., Ltd.,
Verdeaurora, Yunnan Evergreen Biological Corporation
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Aloe
Vera Extract Industry Recent Developments:
·
In August 2022, Faces Canada, in its quest for healthier, softer, & more
youthful skin, unveiled Pink Aloe Vera as a new wonder ingredient that offers
multi-faceted properties to soothe, cool, & hydrate skin with deep-acting
nutrients.
The Aloe Vera Extract Market explores the
industry by emphasizing the growth parameters and categorizes including geographical
segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Application
-Pharmaceuticals and Supplements
-Personal Care & Cosmetics
-Food & Beverages
-By Distribution Channel
-Offline
-Online
-By Form
-Gel
-Liquid
-Oil
-Powder
-Capsules & Tablets
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
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Market Dynamics -Global Aloe
Vera Extract Market:
Key Drivers: Shifting Consumer Preferences toward Naturally-Derived
Products owing to their Health Benefits
For a few years, especially after the advent of Covid-19, the world is
witnessing a rising interest of people of all age groups toward natural
products, including aloe vera extracts. The major driving force for this trend
is the increasing awareness among consumers of the various health benefits
these plant extracts offer. As a result, there's the mounting utilization of
aloe vera gels, whole leaf extracts, etc., to improve the skin & hair
texture and reduce weight loss, among other health purposes, i.e., propelling
the Global Aloe Vera Extract Market.
Growth Restraint: Growing Prevalence of Adulterated Products owing to
Low Availability & High Costs of Original Aloe Vera Extracts
The world is witnessing a growing prevalence of adulterated products
that do not exhibit the actual properties of pure aloe vera. Many synthetic
extracts made of toxic chemicals that manufacturers add for the fragrance are
penetrating globally. The prime reason behind this is the significantly low
availability of original aloe vera extracts and, consequently, their high
prices due to more demand. Hence, the high adulteration rate of these products
is the most prominent growth restraint for the Global Aloe Vera Extract Market
during 2023-28.
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