Aloe Vera Products Market Analysis

Global Aloe Vera Products Market Overview

Aloe Vera Products Market Size was valued at USD 0.18 billion in 2021. The Aloe Vera Products market industry is projected to grow from USD 0.19 Billion in 2024 to USD 0.41 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.25% during the forecast period (2024 - 2030). The growing health-conscious population coupled with the increasing benefits associated with the consumption of aloe vera juices is expected to fuel its market growth during the forecast period.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Aloe Vera Products Market Trends

• Growing Cosmetic Industry Coupled with the Growing Innovations by Key Players

The growing cosmetic industry coupled with the wide usage of aloe vera in it owing to the various benefits associated with it such as in the treatment of acne, sunburn and swelling, wrinkles fungal infection, and many more is likely to contribute to its overall market growth. Moreover, various forms of aloe vera are used for various purposes in the cosmetic industry such as aloe vera gel for face, aloe vera gel for hair, aloe vera soothing gel, pure aloe vera gel, aloe vera oil, aloe vera cream, himalaya aloe vera gel, organic aloe vera gel, aloe barbadensis leaf juice for skin, aloe vera oil for hair, aloe vera spray, aloe vera juice for hair, forever living aloe vera gel, aloe vera powder, natural aloe vera gel, aloe vera extract, aloe vera face pack, aloe vera face cream, aloe vera leaves for skin, aloe vera coconut oil and many more. For instance, according to MRFR analysis, in 2023, the Cosmetics segment will generate USD 6.27 billion in revenue. The market is anticipated to expand by 2.87% yearly (CAGR 2023-2027).

Besides, this the growing innovations by major players operating in the aloe vera products market is likely to boost its market growth during the forecast period. For instance, in March 2020, Clensta International a Gurgaon-based new-age startup company launched Red Aloe Vera range of skincare products. Ten products total—six for women, three for men, and one unisex product—are part of the creative collection. The Intimate Brightening Scrub, Face Brightening, and Detan Scrub are for males, while SPF Lotion, Hair Serum, Face Serum, and Under Eye Cream are for ladies. Both the Lip Lightening Cream and the Face Moisturizing Cream are unisex items. In addition, red aloe vera has a 22-times more potent anti-inflammatory impact than other varieties because of its higher amounts of beneficial phytochemicals. High salicylic acid and polysaccharide concentrations aid in calming and relaxing tense muscles. Furthermore, in August 2022, Lush launched a self-preserving moisturizer and ultra-brand cleanser to nourish both the complexion and the microbiome. The soothing and regenerating qualities of evening primrose and sesame oils, aloe vera, and fresh avocado are combined with fresh rose petals, neroli oil, and rose to create this moisturizer. With its nourishing, mineral-rich components, this moisturizer has a soothing and hydrating effect on the skin. Fresh rosemary and aloe vera are important components.

Aloe Vera Products Market Segment Insights

Aloe Vera Products Type Insights

The Aloe Vera Products market segmentation, based on type, includes gels, juices, powders and others. The juices segment held the majority share in 2021 contribution to around ~40-45% in respect to the Aloe Vera Products market revenue. This is primarily owing to the growing number of people suffering from gastrointestinal disorders coupled with the increasing benefits associated with its consumption of aloe vera juices, since aloe vera contains anti-inflammatory properties which helps reduce constipation and diarrhea. For instance, according to National Institute of Diabetes and Digestive and Kidney Diseases in the United States, constipation affects people of all ages and demographics frequently. Adults with constipation symptoms make up about 16 out of 100. Around 33 out of 100 people in their 60s and older have constipation-related symptoms.

May 2022: Juicy Chemistry launched another line of cutting-edge goods. The company just debuted its brand-new multipurpose Aloe Vera Gel and Aloe Vera Juice, the first certified organic skin, hair, and body care products to be sold in India. Polysaccharides found in aloe vera are abundant and profoundly moisturize the skin. Its calming qualities can treat sun-damaged skin and soothe dry, itchy scalps. Aloe vera juice makes up 99.5% and 98.4%, respectively, of the aloe vera gel and juice. They are unadulterated, strong, and effective.

January 2018: Baidyanath Ayurved, the 100-year-old producer of Ayurvedic products launched Amla, aloe vera, karela, jamun, and giloy are four natural juices in an effort to keep up with the growing trend towards natural, organic, and Ayurvedic products and satisfy the growing demand among young consumers for fast-moving consumer goods (FMCG) that have health benefits.

Aloe Vera Products Category Insights

The Aloe Vera Products market data has been bifurcated by category into organic and conventional. The conventional segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Conventional aloe vera products are usually made using chemicals such as salicylic acid, urea, nitrogen, sulfur, and many more. However, the organic segment is also expected to witness substantial growth in the upcoming years owing to the growing innovations by key players. For instance, in July 2022, Organic Harvest launched a brand-new line of organic aloe vera gel. The new Organic Aloe Vera Gel, which comes in 4 variations, is perfect for people of all ages with varied skin and hair types and is gender neutral.

January 2020: Emami launched two variants of organic aloe vera gel. Without parabens, sulphates, or mineral oil, BoroPlus Organic Aloe Vera Gel is filled with pure, all-natural ingredients like antimicrobial herbs and Vitamin E.

May 2022: Forever Living Products International a direct sales health and beauty brand with operations in over 160 countries launched DX4. Seven dietary goods and supplements that enhance satiety, hydration, energy, and metabolism make up the body balancing DX4 system. Together, they form a four-day programme that promotes wellness and strengthens the mind-body connection. It also includes guided eating and mindfulness exercises.

Figure 2: Aloe Vera Products Market, by Category, 2021 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Aloe Vera Products Distribution Channel Insights

Based on Distribution Channel, the Aloe Vera Products industry has been segmented into store-based and non-store-based. The store-based held the largest segment share in 2020, owing to the growing benefits possessed by supermarket & hypermarket such as operation on a self-service basis, offering a variety of goods discounts available on various goods, freedom of choice to the consumers and large amount of profit is set to propel its market growth.

Aloe Vera Products Regional Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific Aloe Vera Products market accounted for USD 0.7 billion in 2021 and is expected to exhibit an 4.25% CAGR during the study period. This is mainly owing the presence of major aloe vera products players across the region such as Patanjali Ayurved Limited, Sarvliving among others.

Further, the major countries studied are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: ALOE VERA PRODUCTS MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

North Aloe Vera Products market accounts for the second-largest market share due the growing incidence of burns across the region which has further increased the demand for aloe vera products owing to its healing properties. For instance, according to American Burn Association, in America, about 450,000 people experience burns that are so serious they need medical attention. In addition, every year, accidents and fires claim the lives of about 3500 adults and children from burn injuries. Further, the U.S. Aloe Vera Products market held the largest market share, and the Canada Aloe Vera Products market was the fastest-growing market in the North America region

The Europe Aloe Vera Products Market is expected to grow at a CAGR of 5.5% from 2022 to 2030. This is due to the growing aging population across the region coupled with their growing inclination towards organic products. Moreover, Germany Aloe Vera Products market held the largest market share, and the U.K. Aloe Vera Products market was the fastest-growing market in the Asia-Pacific region

Aloe Vera Products Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the Aloe Vera Products market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Aloe Vera Products industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment, as the aloe vera juice prices are high which are offered by some players.

One of the primary business strategies adopted by manufacturers in the Aloe Vera Products industry to benefit clients and expand the Aloe Vera Products market sector is to manufacture locally to reduce operating costs. In recent years, Aloe Vera Products has provided medicine with some of the most significant benefits.

Key Companies in the Aloe Vera Products market includes

• Aloe Vera Australia (Australia)


• Aloe Plus Lanzarote S.L (Spain)


• Lily of the Desert (US)


• NOW Health Group, Inc. (US)


• Okyalo Co., Ltd (China)


• Real Aloe Solutions Inc. (US)


• Patanjali Ayurved Limited (India)


• Herbalife International of America, Inc. (US)


• Sarvliving (India)


• Green Leaf Naturals (US) among others

Aloe Vera Products Industry Developments

December 2022: Vicco has launched a new advertising campaign for its turmeric aloe vera skin lotion. The campaign was developed by Yellow Windows Communications, and the most recent of three ads for Vicco Turmeric Aloe Vera Skin Cream.

January 2022: A Korean company has made the decision to spend USD 5 million to create aloe vera juice and gel in 10,000-tonne quantities. After five years, the company intends to boost the investment to USD 31 million in order to produce 40,000 tonnes of aloe juice and gel.

Aloe Vera Products Market Segmentation

Aloe Vera Products Type Outlook

• Gels


• Juices


• Powders


• Others

Aloe Vera Products Category Outlook

• Organic


• Conventional

Aloe Vera Products Distribution Channel Outlook

• Store-Based


• Non-Store-Based

Aloe Vera Products Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia & New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • South America
  
  
  • Middle East & Africa