Aloe Vera Extract Global Market Report 2024

The aloe vera extract market size has grown strongly in recent years. It will grow from $2.62 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. During the historic period, the growth in aloe vera extract can be linked to heightened consumer awareness of its health benefits, amplified demand within the cosmetics and personal care sectors, increased adoption in nutraceuticals and dietary supplements, and broader utilization in the food and beverage industry.

The aloe vera extract market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the upcoming period for aloe vera extract can be credited to sustained interest in natural skincare and beauty products, ongoing exploration of aloe vera's medicinal properties, broader utilization in health and functional beverages, increased acceptance in natural and herbal remedies, and the global movement toward sustainability and eco-friendly product preferences. Noteworthy trends expected in the forecast period encompass an emphasis on organic and sustainable sourcing, innovative developments in products infused with aloe vera, expansion of aloe vera farms and cultivation initiatives, worldwide market expansion, and the implementation of quality control and certification standards.

The aloe vera extract market is poised for growth, driven by the rising demand for natural and organic cosmetics. The surge in interest for organic cosmetics, which are crafted without synthetic chemicals and adhere to organic farming practices, has propelled the use of aloe vera extract as a key ingredient in their formulations. In 2021, the Soil Association reported a notable 15% increase in certified organic and natural beauty and wellbeing products in the UK, amounting to €164 million ($179.35 million). Additionally, the COSMOS (Cosmetic Organic and Natural Standard), an international standard for organic and natural cosmetics, certified around 50,000 products and ingredients in 2021, with sales of COSMOS-certified products witnessing a remarkable 32% growth compared to 2020. This robust demand for natural and organic cosmetics is a significant driver for the aloe vera extract market.

The aloe vera extract market is set to benefit from the increasing demand for organic food. As consumers prioritize healthier and environmentally friendly food choices, organic food, produced without synthetic pesticides, fertilizers, and GMOs, has witnessed a surge in popularity. Aloe vera extract, known for its nutritional and functional benefits, is utilized in organic food products. In 2021, organic sales in the United States registered a $1.4 billion (2%) increase, surpassing $63 billion. Food sales, constituting over 90% of organic sales, reached $57.5 billion, representing a 2% increase, while non-food sales saw a notable 7% rise, reaching $6 billion. This escalating demand for organic food products contributes significantly to the growth of the aloe vera extract market.

The aloe vera extract market is witnessing a surge in product approvals, a prominent trend embraced by major industry players to fortify their market presence. Notably, Desert Harvest, a leading US-based developer and distributor of pharmaceutical and nutritional products derived from aloe vera extract, secured approval from the U.S. Food and Drug Administration (FDA) in September 2021. This regulatory nod was granted for the use of its super-strength Aloe Vera Capsules in treating interstitial cystitis (IC), a severe and chronic bladder condition affecting millions. These capsules, containing 600 mg of organically grown aloe vera per capsule, offer an alternative FDA-approved treatment for IC, distinguishing themselves from traditional pharmaceutical options.

Major companies in the aloe vera extract market are innovating and launching new products to enhance their profitability. A notable example is the introduction of aloe vera juices, such as the pineapple-flavored offering by Kelly Loves, a brand under the KellyDeli Group of Companies in Europe. This aloe vera drink, unveiled in September 2023, boasts a sugar-free, gluten-free, and vegan formulation, featuring real aloe gel for a unique texture. With a citrusy and slightly bitter taste, this beverage aligns with aloe vera's popularity in Korean culture and its historical use in traditional Asian remedies. This innovation reflects a strategic move by companies to diversify their product portfolios and cater to evolving consumer preferences in the aloe vera extract market.

In January 2022, Good Glamm Group, an India-based personal care entity, secured a controlling interest in Organic Harvest for an undisclosed sum. This strategic acquisition marks Good Glamm Group's foray into the organic beauty and personal care sector, leveraging Organic Harvest's specialized product development acumen to expand its market outreach, engage with a new customer base, and bolster its business portfolio. Organic Harvest, based in India, specializes in manufacturing beauty items including aloe vera extract and a range of organic beauty products.

Major companies operating in the aloe vera extract market report are F. Hoffmann-La Roche AG, Herbalife International Inc., Ashland Inc., Patanjali Ayurved Ltd, NOW foods, NOW foods, LR Health And Beauty Systems GmbH, Lily of the Desert Organic, Aloecorp Inc., Lily of the Desert Organic, Warren Laboratories LLC, Pharmachem Laboratories Inc., Active Organics Inc., Certified Safety Mfg. Inc., Botanic Healthcare LLC, Aloe Laboratories Inc., Camden-Grey Essential Oils Inc., Foodchem International Corporation, Green Leaf Naturals, Aloe Plus Lanzarote S.L,Calmino Group AB, Aloe Queen Inc., Forever Living Products Inc., Terry Laboratories Inc., Tropical Products Inc., Aloe Farms Inc., Natural Aloe Costa Rica SA, Pokonobe Industries Inc., Cady Products LLC.

Asia-Pacific was the largest region in the aloe vera extract market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the aloe vera extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aloe vera extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary product categories for aloe vera extract include liquid, gel, powder, and others. Liquid substances have a fluid nature and take the shape of their container. These extracts are typically distributed through both offline and online channels and find applications in functional food, cosmetics, pharmaceuticals, beverages, and various other industries.

The aloe vera extract market research report is one of a series of new reports that provides aloe vera extract market statistics, including aloe vera extract industry global market size, regional shares, competitors with an aloe vera extract market share, detailed aloe vera extract market segments, market trends and opportunities, and any further data you may need to thrive in the aloe vera extract industry. This aloe vera extract market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The aloe vera extract market consists of sales of aloe vera extract capsules, aloe vera extract oil, aloe vera juice, aloe vera extract cream, and aloe vera extract spray. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.