Frequently Asked Questions
The global aloe vera-based skin and hair products market was valued at USD 1.8 Billion in 2022.
The aloe vera-based skin and hair products market is anticipated to grow at a CAGR of 8.5% between 2023 and 2030, reaching USD 3.18 Billion in 2030.
Aloe vera gel is the leading segment by type, holding over 35% share in terms of value in 2022.
The supermarket segment governs the demand for aloe vera-based skin and hair products worldwide, holding a massive share of over 38% in 2022.
The lotion/creams segment will post the highest CAGR in the forecast period.
North America is fuelling the growth of the aloe vera-based skin and hair products industry, with an over 42% share in 2022.
The top players include Aloe Farms Inc, Dabur India Ltd, and Lily of the Desert. Other major players include Improve USA Inc, The Himalaya Drug Company, Aloecorp, and Terry Laboratories.
The major market drivers of the aloe vera-based skin and hair products industry include increasing consumer preference for natural and organic products, growing awareness about the benefits of aloe vera for hair and skin health, and rising demand for herbal and plant-based alternatives.
The primary market limitations of the aloe vera-based skin and hair products industry include limited shelf life and stability of aloe vera-based products, difficulty procuring high-quality aloe vera, and potential allergic responses or sensitivities in some individuals.
The major market opportunities of the aloe vera-based skin and hair products industry include expanding into new geographical markets, launching innovative product formulations and variants, and tapping into the growing demand for eco-friendly and sustainable beauty products.