Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Aloe Vera Juice Market size was over USD 1.14 billion in 2024 and is anticipated to cross USD 3.41 billion by 2037, witnessing more than 8.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aloe vera juice is assessed at USD 1.31 billion.
The increasing prevalence of this diabetes disease and its resulting expenses are factors that are boosting the demand for aloe vera juice among healthcare practitioners. Additionally, early research has shown that consuming aloe vera juice helps in managing diabetes symptoms effectively. For instance, over 37 million nearly 11% of the United States population had diabetes in the year 2019. It was found that the consumption of aloe vera juice and extract helps in lowering high sugar levels in diabetic patients and keeps diabetes in check.
Aloe vera is a moist plant species that grows in tropical climatic conditions across the globe. It is generally cultivated for food, medicinal and cosmetics uses. Aloe vera extracts find wide applications in the medical and food & beverages sectors. These extracts are used to produce aloe vera drinks and food in with the purpose to minimize the burden of diseases. The demand for aloe vera extracts is growing in food and beverage industries across the globe owing to its cost-effectiveness, availability, and growing consumer preferences for aloe vera products over flavor essence products. Moreover, the growing number of elderly people around the world coupled with increasing consumption of aloe vera juice to reduce the risk of chronic diseases among the older population is expected to augment market growth over the forecast period. As per the data from the World Bank, the total number of elderly people aged above years was 747,238,580 at the end of the year 2021.
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Aloe Vera Juice Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Number of People Suffering from Hair Loss - For instance, the incidence of female pattern hair loss is estimated to be 5% in women less than 50 years of age and 37% in those over 70. Research has found that aloe vera-based herbal formulations are effective in promoting hair growth. Aloe vera juice helps to condition and moisturize hair along with reverse hair loss. In addition, drinking aloe vera juice helps in promoting hair growth. Aloe vera contains vitamins A, C, and E. All three of these vitamins contribute to cell turnover, promoting healthy cell growth and shiny hair. Thus, the increasing prevalence of hair loss is expected to propel the demand for aloe vera juice during the forecast period.
- Growth in Personal Disposable Income - As per the data by the Bureau of Economic Analysis, personal income rose by USD 47.0 billion (0.2%) in July 2022 while disposable personal income (DPI) grew to USD 37.6 billion (0.2%).
- Rising Prevalence of Cardiovascular Diseases Worldwide (CVDs) - According to the World Health Organization, CVDs are the major cause of death worldwide, accounting for 32% of deaths every year. As a result of its medicinal properties, aloe vera juice controls sugar and toxin levels in the body.
- Higher Level of Cholesterol Among People - According to the Centers for Disease Control and Prevention, between the period of 2015-2018, over 12% of American aged above 20 years had a higher cholesterol level of more than 240 mg/dL.
- Growing Number of People Suffering from Skin Diseases - It was observed that skin conditions account for 1.70 % of global diseases and nearly 1 in 3 Americans has some form of skin condition.
Challenges
- High-Costs Associated with Aloe Vera Drinks - Aloe vera is an expensive product, consequently, water is added to it to increase business earnings. As a result, there are no consumer requirements established by organizations and bodies responsible for food regulation. 34 liters of aloe vera juice are typically found in a USD 5–USD 15 bottle. Prices, however, can differ based on size and quality.
- Health Concerns Due to Excessive Consumption of Aloe Vera Juice
- Availability of Different Alternatives
Aloe Vera Juice Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.8% |
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Base Year Market Size (2024) |
USD 1.14 billion |
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Forecast Year Market Size (2037) |
USD 3.41 billion |
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Regional Scope |
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Aloe Vera Juice Segmentation
Application (Food & Beverages, Medicine, Cosmetics & Skincare)
The global aloe vera juice market is segmented and analyzed for demand and supply by application into food & beverages, medicine, and cosmetics & skincare. Among these segments, the cosmetics & skincare segment is anticipated to capture the largest market size in the global aloe vera juice market owing to the widespread use of aloe vera juice and extracts in the making of various skincare products such as moisturizers, face serums, and eye creams. Aloe vera is a therapeutic and medicinal plant with skin-healing properties. In addition, the rapid expansion of the cosmetic and skincare industry is expected to augment segment growth over the forecast period. It was observed that the global cosmetics industry is worth nearly USD 380 billion. Skincare products account for 41% of the overall cosmetics industry.
Our in-depth analysis of the global aloe vera juice market includes the following segments:
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By Type |
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By Flavor Type |
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By Application |
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By Distribution Channel |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Aloe Vera Juice Industry - Regional Synopsis
North America Market Forecast
North America industry is poised to hold largest revenue share by 2037, backed by the higher prevalence of skin diseases such as psoriasis and eczema. For instance, nearly 7.4 million people in the United States have psoriasis, and over 30 million people have some form of eczema. As a cooling, soothing, antiviral, and moisturizing effect, aloe vera juice is consumed widely to treat such diseases. Moreover, the rising awareness of aloe vera health benefits, the growing elderly population, the presence of key manufacturers in the region along with increasing popularity of natural food products are anticipated to drive the aloe vera juice market in the region.
Companies Dominating the Aloe Vera Juice Landscape
- OKF Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ALO Drink
- Keumkang B&F Co., Ltd.
- Tulip International Inc.
- Medicaps Ltd.
- Aloe Farms
- Houssy Global
- Dabur Ltd.
- Aloe Veda Personal Care
- Patanjali Ayurved Ltd.
Recent Developments
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OKF Corporation - A carbonated water presentation was held to celebrate the setting motion of OKF Corporation's official mall for domestic customers.
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Dabur India Ltd - became100% a ‘Plastic Waste Neutral company’ in India, which collected, and recycled over 27,000 MT of consumer plastic waste from overall India in the year 2020-21.
- Report ID: 269
- Published Date: Dec 20, 2024
- Report Format: PDF, PPT
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Aloe Vera Juice Market Report Scope
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