The Global aloe vera juice market is majorly driven by the introduction of flavoured aloe vera juice, according to our research report“Global Aloe Vera Juice Market Outlook 2024”.The global aloe vera juice market is segmented into product type. Among these product types, ready-to drink juice is expected to account the largest share in this segment on account of ease of availability, absence of complexities related to packaging and cost-effectiveness of product.
The global aloe vera juice market accounted the largest revenue share in 2016 of overall aloe vera extracts market across the globe. Moreover, the market of aloe vera juice is anticipated to register a modest CAGR over the forecast period i.e. 2017-2024. Rising advertisements by various distribution channels is likely to spread awareness towards the health benefits of aloe vera juice attract more consumers in near future.
Asia-Pacific aloe vera juice market is expected to rise dramatically during the forecast period i.e. 2017-2024 on the back of increasing aging population coupled with higher risk of digestion and cholesterol problems. The aloe vera juices consumption has grown significantly in Asia-Pacific region on account of rising awareness towards the health benefits of aloe vera extracts, rising concern towards fitness and adoption of healthy drinks.
Introduction of flavoured aloe vera juice:
Aloe vera juice manufacturers introduced various flavours of drinks enrich with aloe vera extracts such as orange, pineapple, etc. These flavours are raising popularity of aloe vera juice among the consumers owing to their fortunate taste. Population in urban regions are shifting towards functional and healthy drinks which are enrich with taste as well. Thus, aloe vera juices with various flavours are growing in demand and driving the growth of aloe vera juice market across the globe.
Increasing health consciousness:
Growing concern towards health and fitness, increasing awareness regarding recovery from vitamin deficiency and rising adoption of functional and healthy drinks in urban regions across the globe are some of the key factors expected to propel the growth of aloe vera juice market. Apart from this, aloe vera juices are observed as convenient way for treatment and consume health supplements to minimize the deficiency, expected to spur the demand for aloe vera juice during the forecast period.
The report titled “Global Aloe Vera Juice Market Outlook 2024” delivers detailed overview of the Global aloe vera juice market in terms of market segmentation by Product Type, by Flavour Type, by Distribution Channel Type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key manufacturers of the Global Aloe Vera Juice Market which includes company profiling of OKF Corp., ALO Drink, Keumkang B&F Co., Ltd., Lotte Chilsung Beverage Co., Ltd., Tulip International Inc., and Medicaps Ltd., etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the global aloe vera juice market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.