Aloe-vera plant has majorly been used as a medicinal herb in the world from centuries. Aloe-vera has antibacterial properties and acts as an antioxidant. The plant also helps in healing of injuries and burns, removal of dental plaque, treatment of mouth ulcers, relieving constipation, preventing wrinkles, controlling insulin level in diabetes, etc. Owing to such vital advantages, aloe vera finds major applications in food, pharmaceutical, beauty and personal care industry. However, due to larger dependency on conventional medicines, awareness about benefits of aloe vera is still limited to a smaller bracket of global population. But, the scenario is likely to change with rising issues of side effects with conventional drugs, which is propelling consumers to look for natural, safer and healthier medication options.
Global aloe-vera extracts market is anticipated to expand from USD 1,528.5 Million in 2015 to USD 2,344.2 Million in 2021, exhibiting a compound annual growth rate (CAGR) of 7.4%.
Global aloe vera extracts market is segmented on the basis of product type, form and end use industry. Based on form, global aloe vera extracts market is segmented into gels, drinks, powders, capsules and concentrates. Sparked by rising burden of dental problems, global aloe-vera extracts powder market is expected to witness the highest CAGR of 7.7% by the end of the forecast period i.e. 2021.
Aloe vera extracts market is divided on the basis of end use industry into food, cosmetic and pharmaceuticals industry. Owing to benefits of aloe vera in skin care, cosmetic industry (global cosmetic market expected to behold a CAGR of 3.6% from 2012-2017) is anticipated to account for the highest share i.e. 43.3% in aloe vera extracts market by the end of the forecast period i.e. 2021. However, with rising adoption of natural and organic ingredients in food products, aloe vera extracts market by food industry is projected to witness the highest CAGR of 7.5% over the forecast period i.e. 2015-2021.
The report titled “Global Aloe-Vera Extract Market Outlook 2021” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of aloe-vera extracts market which includes profiling of Lily of the Desert, Aloe Farms, Terry Laboratories, Calmino Group AB etc. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Aloe-Vera Extract Market Outlook 2021”, analyses the overall aloe-vera extract industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in global aloe-vera extract market in near future.
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