Aloe Vera Product Market 2018 Size, Share, Trends And Industry Growth Analysis, Forecast To 2025

According to a new market research report published by Credence Research, Inc. “Aloe Vera Product-Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” aloe vera product market was valued at US$ 1.6 Bn in 2016, and is expected to reach US$ 2.7 Bn by 2025, expanding at a CAGR of 6.2% from 2017 to 2025.

Summary:

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 is 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.

Browse the full Aloe Vera Product-Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/aloe-vera-product-market

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Demand for aloe vera product in the food industry is expected to grow with the fastest rate in the forecast period. A wide range of applications such as packaged drinking water, low-calorie fruit juice is 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 the 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 the aloe vera based product in the Asia Pacific. Various innovative products are driving the aloe vera market in the 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 of 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.

By Product Type:

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

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

The aloe vera whole 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 market was more than 40% of the total market share in 2016. Global consumption of aloe vera whole leaf extracts is expected to be more than 25,000 tons by 2017. Aloe vera extract is majorly used in cosmetics, pharmaceuticals, and food & beverage industry. Aloe vera extract market is in its blossoming stage and has a huge potential in the forecast period. New innovations are being done in aloe vera extracts market to increase the range of application to new areas such as dentistry and agriculture.

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

  • Gels
  • Concentrates
  • Powders
  • Capsules
  • Drinks

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

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 a 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 are likely to increase due to increased usage of aloe vera product in producing aloe vera drinks which are 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 (the 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)
  • The Middle East and Africa (Saudi Arabia, and Rest of the 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 the 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 the cosmetics industry is also driving the industry growth.

Browse the full Aloe Vera Product-Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/aloe-vera-product-market

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