The global aloe vera market was evaluated at US$532.170 million for the year 2018. The health benefits of aloe vera include improving digestion, lowering blood-sugar levels, aloe vera is rich in nutrients like calcium, magnesium, Vitamin A, B, C and E along with other health benefits. Growing health awareness, and changing living styles are driving the growth of the global aloe vera market in the forecast period. Aloe was originated in tropical Africa and it is now cultivated in warm climatic areas of Asia, Europe, and America. Presently, the use of aloe vera has gained popularity because of herbal movement initiated by naturopaths, yoga gurus, alternative medicine promoters and holistic healers (Source: National Institutes for Health, USA). However, the availability of substitutes of aloe vera is expected to hinder the market growth during the forecast period.
Drivers
Growing health awareness regarding the benefits of aloe vera.
Increasing usage of aloe vera in cosmetics.
Restraints
Availability of substitutes
Industry Update
In March 2019, OKF Corp. launched the world’s first EU and USDA certified Organic Aloe Vera beverage, i.e. Aloe Organic.
In February 2018, LR Health and Beauty, opened Europe’s most modern aloe vera production site in Ahlen, with an approximate investment of €10 Million.
The major players profiled in the global aloe vera market include Aloe Laboratories, Terry Labs, OKF Corp., Naturaloe Costa Rica, Forever Living.com, L.L.C., Aloe Farms, Inc., Herbalife International of America, Inc., HOUSSY DRINKS CO., LTD., Natural & Organic Farms Mexico, and Agromayal Botánica S.A. de C.V. among others.
Segmentation
The global aloe vera market has been analyzed through the following segments:
By Application
Food and Beverage
Pharmaceuticals and Healthcare
Personal Care
By Form
Gel Extract
Whole Leaf Extract
Powder
By Distribution Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Drivers
Growing health awareness regarding the benefits of aloe vera.
Increasing usage of aloe vera in cosmetics.
Restraints
Availability of substitutes
Industry Update
In March 2019, OKF Corp. launched the world’s first EU and USDA certified Organic Aloe Vera beverage, i.e. Aloe Organic.
In February 2018, LR Health and Beauty, opened Europe’s most modern aloe vera production site in Ahlen, with an approximate investment of €10 Million.
The major players profiled in the global aloe vera market include Aloe Laboratories, Terry Labs, OKF Corp., Naturaloe Costa Rica, Forever Living.com, L.L.C., Aloe Farms, Inc., Herbalife International of America, Inc., HOUSSY DRINKS CO., LTD., Natural & Organic Farms Mexico, and Agromayal Botánica S.A. de C.V. among others.
Segmentation
The global aloe vera market has been analyzed through the following segments:
By Application
Food and Beverage
Pharmaceuticals and Healthcare
Personal Care
By Form
Gel Extract
Whole Leaf Extract
Powder
By Distribution Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. GLOBAL ALOE VERA MARKET BY APPLICATION
6. GLOBAL ALOE VERA MARKET BY TYPE
7. GLOBAL ALOE VERA MARKET BY DISTRIBUTION CHANNEL
8. GLOBAL ALOE VERA MARKET BY GEOGRAPHY
9. COMPETITIVE INTELLIGENCE
10. COMPANY PROFILES
Companies Mentioned
- Aloe Laboratories
- Terry Labs
- OKF Corp.
- Naturaloe Costa Rica
- Forever Living.com, L.L.C.
- Aloe Farms, Inc.
- Herbalife International of America, Inc.
- HOUSSY DRINKS CO., LTD.
- Natural & Organic Farms Mexico
- Agromayal Botánica S.A. de C.V.
Methodology
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