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 which stores water in its leaves, they are pulpy and thick. The leaves produce two substances the gel, and aloe latex. It is mostly found in the 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 industry. The aloe vera are used to formulate pharmaceuticals products such as capsules, drinks, powders, and gels. Aloe vera is known to relieve skin related disorders, weight loss, cardiac diseases, and many more health related problems, due to which, consumption of aloe vera have increased among consumers globally.

Demand for aloe vera product in food industry is expected to grow with a fastest rate in the forecast period. Wide range of applications such as packaged drinking water, low-calorie fruit juice are creating new opportunity. Cosmetics is the largest end user sector of aloe vera product, which accounts 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. Increasing awareness and health concern among the consumers, is the key driving factor for aloe vera based product in Asia Pacific. Various innovative products, is driving the aloe vera market in Asia Pacific. Such as, South Korean company OKF Corp., has recently launched an organic aloe drink, which is organic aloe drink certified by USDA and EU.

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 2015 to 2025. The said research study covers 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 & 2025. The report also provides a prolific view on market dynamics such as market drivers, trends, restraints and opportunities. The report incorporates a separate section highlighting key trends analysis of the overall aloe vera product market.

In order to help the strategic decision makers, the report also includes profiles of the leading aloe vera product manufacturers, their business strategies and key developments. 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 the 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 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 cosmetic industry and accounts for highest market share in the market. Whereas, highest growth is in forecast period expected from the food industry, at a CAGR of around 7.5% in 2017-2025. The prevalence of various skin diseases and other related problem has impelled the demand for aloe vera product from cosmetic product manufacturers which is likely to observe robust growth over the forecast period. Food and beverage manufacturers is likely to increase due to increased usage of aloe vera product in producing aloe vera drinks which is anticipated to increase the food products segment 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, U.K., and Rest of Europe)
• Asia Pacific (China, India, and Rest of Asia Pacific)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East and Africa (Saudi Arabia, and Rest of Middle East and Africa)

Europe market is the largest market for aloe vera product. 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 rapidly growing middle class population and growing disposable income. Changing lifestyle due to growing socioeconomic factors mainly in Asia Pacific is a major factor backing the growing demand of aloe vera product market in the forecast period. Increasing concern regarding replacement of chemical products by natural product in cosmetics industry is also driving the industry growth.