Aloe Vera Gel Market Demand, Size, Share & Forecast 2032

Aloe Vera Gel Market: Industry Perspective

The global aloe vera gel market size was worth around USD 303 million in 2023 and is predicted to grow to around USD 617.8 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.36% between 2024 and 2032.

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The report covers a forecast and an analysis of the aloe vera gel market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024  to 2032 based on revenue (USD Million). The study includes the drivers and restraints of the aloe vera gel market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the aloe vera gel market on a global level.

In order to give the users of this report a comprehensive view of the aloe vera gel market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Aloe vera belongs to the Liliaceae family and contains gel and latex. Aloe Vera gel is derived from aloe vera, which is a plant species of the genus aloe. Its gel comprises mostly of water and other contents like enzymes, hormones, vitamins, and sugars. The gel has been gaining rapid popularity due to its variety of applications and properties.

The global aloe vera gel market is expected to show significant growth in the years ahead, owing to the gel’s numerous applications in the food and beverage industry. Food items containing aloe vera are considered good for health due to aloe vera’s nutritional properties. Moreover, the gel has anti-aging and moisturizing properties and also acts as a conditioner for hair and maintains the scalp’s pH level. All these aforementioned benefits are boosting the gel’s applications in cosmetic and personal care industries. However, the high prices of aloe vera may become a restraint for the aloe vera gel market, especially in low-income level countries.

The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

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Aloe Vera Gel Market: Report Scope

Aloe Vera Gel Market: Segment Analysis

The study provides a decisive view of the aloe vera gel market by segmenting it based on form, nature, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of form, the aloe vera gel market includes gels, concentrates, drinks, capsules, and powder. Gels and drinks are expected to show substantial market growth in the future, owing to their nutritional benefits and easy aloe vera gel consumption in the form of drinks.

By nature, the market is divided into conventional and organic. Conventional aloe vera gel finds maximum market application, owing to its easy preparation methods and cost-friendliness. Organic aloe vera gel, on the other hand, has seen a significant rise in its popularity in recent years, due to the increase in the health-conscious population.

By application, the market comprises personal care, food and beverages, cosmetics, and pharmaceuticals. Personal care and cosmetic segments hold major market shares currently, due to various aloe vera benefits like reduced dandruff, better hair growth, and moisturized skin. Alternatively, due to its nutritional benefits, the gel has several applications in the food and beverage industry as well.

By distribution channel, the aloe vera gel market includes B2B, hypermarkets/supermarkets, specialty retail, e-commerce, and others. Hypermarkets/supermarkets dominate the global market as they offer different types and brands of aloe vera gel.

Aloe Vera Gel Market: Regional Analysis

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, the Middle East and Africa. North America is poised for significant growth in the aloe vera gel market due to a shift in lifestyles and evolving food and beverage choices. Meanwhile, Europe is expected to be another key player, driven by rising demand for aloe vera gel, especially in the cosmetics industry.

North America is a major region in the aloe vera gel market globally that is projected to show substantial growth over the estimated time period, owing to the changing lifestyles and altering food and beverage preferences of the regional population. Europe is likely to show prominent growth in the years ahead, owing to the increasing aloe vera gel demand, particularly by the cosmetic industry.

Aloe Vera Gel Market: Competitive Analysis

The global aloe vera gel market is dominated by players like: Some major players operating in the aloe vera gel market are Pharmachem Laboratories, NaturAloe, Aloe Laboratories, Terry Laboratories, Aloe Vera Industries, Lily of the Desert, Aloe Farms, Herbal Life, Foodchem International, and Aloe Vera Australia.

• Pharmachem Laboratories
• NaturAloe
• Aloe Laboratories
• Terry Laboratories
• Aloe Vera Industries
• Lily of the Desert
• Aloe Farms
• Herbal Life
• Foodchem International
• Aloe Vera Australia

This report segments the global aloe vera gel market into:

Global Aloe Vera Gel Market: Form Analysis

• Concentrates
• Gels
• Drinks
• Powders
• Capsules

Global Aloe Vera Gel Market: Nature Analysis

• Organic
• Conventional

Global Aloe Vera Gel Market: Application Analysis

• Food and Beverages
• Personal Care
• Pharmaceuticals
• Cosmetics

Global Aloe Vera Gel Market: Distribution Channel Analysis

• Hypermarkets/Supermarkets
• B2B
• E-Commerce
• Specialty Retail
• Others

Global Aloe Vera Gel Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa