According to IMARC Group, the global aloe vera gel market size reached US$ 284.7 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 514.0 Million by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
The report has segmented the market by nature (conventional, organic), end-use industry (cosmetic and personal care industry, food and beverages industry, pharmaceutical industry), distribution channel (institutional sales, supermarkets and hypermarkets, speciality stores, online, and others), and region.
Factors Affecting the Growth of the Aloe Vera Gel Industry:
- Increasing Demand for Natural and Organic Products:
A key driver of the aloe vera gel market’s growth is the rising consumer preference for natural and organic products. Aloe vera gel is known for its numerous health and skincare benefits, and consumers are increasingly seeking chemical-free and eco-friendly alternatives. This demand is driven by a growing awareness of the potential harmful effects of synthetic ingredients in skincare and personal care products. As a result, aloe vera gel, with its natural healing and soothing properties, has gained popularity, and manufacturers are responding by offering a wide range of aloe vera-based products.
- Expanding Applications in Cosmetics and Personal Care:
Aloe vera gel has found extensive applications in cosmetics and personal care products, including skincare, haircare, and hygiene products. Its hydrating, anti-inflammatory, and skin-soothing properties make it a valuable ingredient in a variety of cosmetic formulations. As the beauty and personal care industry continues to grow, aloe vera gel’s versatility as a natural ingredient has led to its widespread incorporation into products such as moisturizers, shampoos, sunscreens, and more. This diversification of applications is a significant factor driving the demand for aloe vera gel.
- Health and Wellness Trends:
The global health and wellness trends are fueling the growth of the aloe vera gel market. Consumers are becoming increasingly health-conscious and are seeking products that offer both internal and external health benefits. Aloe vera gel is recognized for its potential health benefits, including digestive health, immune support, and skin health. Consequently, aloe vera gel-based dietary supplements and functional beverages have gained popularity. The convergence of these health and wellness trends with the versatility of aloe vera gel has created a strong market opportunity for aloe vera-based products that cater to health-conscious consumers.
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Aloe Vera Gel Market Report Segmentation:
By Nature:
- Conventional
- Organic
The conventional segment is the largest market for aloe vera gel because it caters to a broader consumer base that is accustomed to traditional formulations and often seeks more affordable options.
By End Use Industry:
- Cosmetic and personal care industry
- Food and beverages industry
- Pharmaceutical industry
The cosmetic and personal care industry is the largest market for aloe vera gel due to its widespread use in skincare, haircare, and hygiene products, where its soothing and moisturizing properties are highly valued.
By Distribution Channel:
- Institutional sales
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
Institutional sales lead the market as they involve bulk purchases by healthcare facilities, hotels, and other institutions, where aloe vera gel is utilized for a variety of purposes, including healthcare applications and guest amenities.
By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Others)
Asia Pacific is the largest market for aloe vera gel due to its substantial population, increasing awareness of natural skincare products, and the presence of key producers, along with the long-standing traditional use of aloe vera in various Asian cultures.
Competitive Landscape:
The competitive landscape of the aloe vera gel market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of These Key Players Include:
- Aloecorp Inc.
- Aloe Laboratories Inc. (Harmony Green Co. Ltd.)
- Forever Living Products Inc.
- Foodchem International Corporation
- Herbalife International Inc.
- Lily of the Desert
- Pharmachem Laboratories Inc.
- Terry Laboratories Inc.
Global Aloe Vera Gel Market Trends:
The growing preference for clean and natural beauty products and aloe vera gel perfectly aligns with this trend which represents one of the key factors driving the growth of the market across the globe. Consumers are seeking skincare and cosmetic products that contain minimal synthetic ingredients and chemicals. Aloe vera gel’s natural soothing and hydrating properties make it a sought-after ingredient in clean beauty formulations. Brands are prominently featuring aloe vera gel in their skincare and cosmetic lines to meet this demand. Aloe vera gel is no longer limited to traditional topical applications. The market is witnessing an expansion of product offerings, including aloe vera-infused beverages, dietary supplements, and even aloe vera-based food products. This diversification reflects aloe vera’s recognition as a versatile ingredient with potential health benefits beyond skincare.
The aloe vera gel market is benefiting from the growth of e-commerce. Consumers are increasingly shopping online for skincare and personal care products, including aloe vera gel-based items. The convenience of online shopping, coupled with the ability to access a wide range of product options, has boosted the sales of aloe vera gel products through e-commerce platforms. Sustainability is a critical trend in the aloe vera gel market. Consumers are seeking products from brands that adopt sustainable and eco-friendly practices in aloe vera cultivation and processing. Ethical sourcing and environmentally conscious packaging are becoming essential factors for consumers when choosing aloe vera gel products.
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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