Aloe Vera Product Market By Product Type (Aloe Vera Whole Leaf Extract, Aloe Vera Product Extract), By Product Form (Gels, Concentrates, Powders, Capsules, Drinks), By End User (Food Industry, Cosmetics Industry, Pharmaceuticals Industry) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Aloe vera is a juicy plant that stores water in its leaves, which are pulpy and thick. The leaves produce two substances: gel and aloe latex. It is mostly found in tropical climatic conditions in different countries across the globe. Aloe vera is generally used for cosmetics, food, and medicine. Aloe vera is widely used in the cosmetics, pharmaceutical, and food industries. Aloe vera is used to formulate pharmaceutical products such as capsules, drinks, powders, and gels. Aloe vera is known to relieve skin-related disorders, weight loss problems, cardiac diseases, and many more health-related problems, due to which consumption of aloe vera has increased among consumers globally.

The demand for aloe vera products in the food industry is expected to grow at the fastest rate in the forecast period. A wide range of applications, such as packaged drinking water and low-calorie fruit juice, are creating new opportunities. Cosmetics are the most important end-user sector for aloe vera products, accounting for more than 40% of global demand in 2016.

The aloe vera-based product market in Asia Pacific will grow considerably in the forecast period due to the huge demand and the presence of a large number of manufacturers. Rising consumer awareness and health concerns are driving demand for aloe vera-based products in the Asia Pacific. Various innovative products are driving the aloe vera market in Asia-Pacific. For example, the South Korean company OKF Corp. recently launched an organic aloe drink that is USDA and EU-certified.

The report titled "Aloe Vera Product Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the aloe vera product market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on material, application, and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, trends, restraints, and opportunities. The report incorporates a separate section highlighting key trend analysis of the overall aloe vera product market.

The report also includes profiles of the leading aloe vera product manufacturers, their business strategies, and key developments to assist strategic decision-makers.Some of the major players profiled in the report are Aloe Farms, Inc., Aloe Laboratories, Inc., Aloecorp, Inc., Foodchem International Cooperation, Herbalife, Lily of the Desert Organic Aloeceuticals, Natural Aloe Costa Rica S.A., Pharmachem Laboratories, Inc., and Terry Laboratories, Inc. The section further includes a brief on key strategies adopted by the major players operating in the market.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the aloe vera product market
• Market drivers, market impediments, and their impact on market growth
• in-depth competitive environment analysis
• Trailing 2-year market size data (2015–2016)
• SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the aloe vera product market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

Based on the product type, the aloe vera product market is segmented as follows:

• Aloe Vera Whole Leaf Extract
• Product Extract of Aloe Vera
• Others

The aloe vera leaf extracts segment has the largest market share and is expected to remain the largest market in the forecast period. Aloe vera whole-leaf extracts accounted for more than 40% of the total market share in 2016. Global consumption of aloe vera whole leaf extracts is expected to reach more than 25,000 tonnes by 2017. The cosmetics, pharmaceutical, and food and beverage industries are the primary users of aloe vera extract. The aloe vera extract market is in its blossoming stage and has huge potential in the forecast period. New innovations are being made in the aloe vera extract market to increase the range of applications to new areas such as dentistry and agriculture.

The aloe vera product market is divided into the following segments based on product form:

• Gels
• Concentrates
• Powders
• Capsules
• Drinks

The drinks segment accounted for the largest share of the global aloe vera market in 2016. The growth of aloe vera-based drinks is mainly driven by increasing concern about natural product consumption. Due to the high demand for aloe vera-based drinks, suppliers are trying to make various innovations in the product, such as different flavors, to attract consumers. The gel segment is another lucrative market for the aloe vera market. The gel contains mainly water and various vitamins that are found in the human body. It is widely used in the cosmetic, toiletries, food, and pharmaceutical industries. In 2016, the global aloe vera gel market was worth $465 million USD.

Based on the end user, the aloe vera product market is segmented as follows:

• Food Industry
• Cosmetics Industry
• Pharmaceuticals Industry

Due to its superior skin benefits, aloe vera is mostly used in the cosmetic industry and accounts for the highest market share. At the same time, the food industry is expected to grow the most during the forecast period, at a CAGR of around 7.5% from 2017 to 2025. The prevalence of various skin diseases and other related problems has impelled the demand for aloe vera products from cosmetic product manufacturers, which is likely to observe robust growth over the forecast period. Food and beverage manufacturers' revenue is likely to increase due to increased usage of aloe vera products in producing aloe vera drinks, which is anticipated to increase the food products segment's growth over the period 2017–2025.

For the purpose of this study, the global aloe vera product market is categorized into the following geographies and sub-geographies:

• North America (U.S. and Canada)
• Europe (France, Germany, Spain, Italy, the U.K., and the rest of Europe)
• Asia Pacific (China, India, and the Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and the Rest of Latin America)
• Middle East and Africa Saudi Arabia, as well as the remainder of the Middle East and Africa

The largest market for aloe vera products in Europe. Germany was the largest consumer of aloe vera extracts in 2016. Asia Pacific is likely to grow at the fastest CAGR during the forecast period due to the growing demand from a rapidly growing middle-class population and growing disposable income. Changing lifestyles due to growing socioeconomic factors, mainly in the Asia Pacific, are a major factor backing the growing demand for aloe vera products in the forecast period. Increasing concern regarding the replacement of chemical products with natural products in the cosmetics industry is also driving industry growth.

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