An Incisive, In-depth Analysis on the Aloe Vera Gel Market
This study offers a comprehensive, 360 degree analysis on the Aloe Vera Gel market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Aloe Vera Gel market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The global market for aloe vera gel is estimated to grow at a CAGR of 7.8% by value and 7.3% by volume during the forecast period 2018-2027
Aloe vera is popular worldwide due to the medicinal, herbal, and remedial properties it possesses. The aloe vera plant is a species of the Liliacea family, and is majorly grown in tropical regions such as the United States, Mexico, China, India, Korea, and others. Aloe vera gel is derived from the inner leaf of the plant, and comprises majorly of water content and minerals, hormones, enzymes, vitamins, amino acids, and sugars in small amount. Aloe vera gel offers a wide range of benefits, owing to its diverse beneficial properties and applications in several industries, such as cosmetics, healthcare, personal care, baby care, food and beverages, and others. There are immense opportunities for market participants in the aloe vera gel market, owing to the enormous use of aloe vera gel as a dietary supplement as an ingredient in the cosmetic industry for the removal of acne, revitalizing skin, smoothing the skin and hair, for skin treatments, and more. Aloe vera gel is also used for juices and as a food ingredient for providing additional nutritional supplement and instant energy.
Aloe Vera Gel Market Segmentation:
By Nature of Aloe Vera Gel
By End Use of Aloe Vera Gel
By Distribution Channel of Aloe Vera Gel
Growing consumer inclination towards natural and healthy products enriched with high nutrient content is driving the market for aloe vera gel
Consumers are increasingly shifting their preferences towards healthy lifestyles and practices such as gymming, yoga, and healthy food consumption. This has led to an increase in the demand for health-related products such as organic food and natural ingredient-based cosmetics. One such product is aloe vera gel. Companies across the pharmaceutical, cosmetic, and food industries are increasingly launching aloe vera gel-based products to leverage the potential opportunity offered by this consumer segment, owing to the various health benefits offered by aloe vera gel containing significant amounts of essential nutrients such as amino acids, vitamins, enzymes, sugars, and hormones.
Increasing disposable income of consumers surging the demand for aloe vera gel and its various products
Improving lifestyles due to a rise in economic factors and increasing awareness about aloe vera gel, mainly in Asia Pacific, are leading to the growth of the aloe vera gel market in the region. Further, growing consumer spending on healthy and nutritious products, especially in countries such as China and India, is attributed to increasing disposable income. This, in turn, has catalysed the growth of the aloe vera gel market over the last few years.
Rising demand for natural and pure cosmetic products paving the way for the growth of the global aloe vera gel market
Rising consciousness among consumers to look good and enhance their outer appearance has led to the growth of the cosmetics and personal care industry, thus, paving the way for the aloe vera gel market. Further, increasing awareness among consumers about the ill-effects of chemically-composed cosmetic products has fuelled the market for aloe vera gel possessing several medicinal and herbal properties.
Aloe Vera Gel Market Analysis by Nature
By nature, the organic segment in the aloe vera gel market is expected to dominate the global market by the end of the year 2027, is projected to have a market value of US$ 160.8 Mn, and is estimated to register a CAGR by value of 8.9% over the forecast period, owing to the growing demand and trend worldwide for organic products, due to the health benefits offered by them in comparison to the conventional aloe vera gel that might contain pesticides and other harmful chemical contents.
Aloe Vera Gel Market Analysis by End Use
The skincare industry is expected to dominate the aloe vera gel market, followed by the healthcare industry. The skincare segment in the aloe vera gel market is estimated to have had a market share by value of 44.7% in the year 2017 and is projected to grow at a CAGR of 8.5% during the forecast period. The large share of the skincare segment in the aloe vera gel market is subjected to the rising demand for natural and herbal cosmetic products by consumers, and a rise in the consumer interest to look good.
Aloe Vera Gel Market Analysis by Distribution Channel
Distribution through various e-retail channels is projected to remain the fastest growing channel of aloe vera gel during the forecast period, with a market share of 22.7% by value by the end of the year 2027, with a CAGR of 10.4% by value. This is attributed to increasing technology and an increasing number of consumers using the Internet and smartphones for shopping varied products such as cosmetics, toiletries, food and beverages, and fast-moving consumer goods. Supermarkets and hypermarkets and specialty stores are also prominent, growing modern distribution channels in the aloe vera gel market.
Market Analysis of Aloe Vera Gel by Region
On the basis of region, the APAC region is projected to remain dominant in the aloe vera gel market throughout the forecast period, with a forecasted CAGR of 8.8%, with China and India having the highest market share of aloe vera gel in the current as well as upcoming years, due to the rise of the cosmetic and healthcare industry in the region, increasing population, and the growing disposable income of consumers. North America has been a prominent supplier of aloe vera gel raw material as well as end products, globally, with the majority of key participants and companies in the aloe vera gel market based in North America, primarily in the United States.
This report by FMI on the global aloe vera gel market analyses the trends and opportunities in the market, and presents a comprehensive market outlook of the aloe vera gel market, along with imparting updates, valuable growth insights, and the ongoing and future trends of various segments in the global aloe vera gel market over a forecast period of 9 years from 2018–2027.
The principal objective of this report is to showcase insights about the key developments, opportunities, and takeaways in the aloe vera gel market, globally, which are gradually helping revolutionize global businesses associated with it. Along with the impending opportunities, the existing opportunities in the global aloe vera gel market are also highlighted, to provide the client with lucid and comprehensible decision-making insights. The report systematically covers the various performance parameters and segments of the global aloe vera gel market in terms of market volume and value.
To apprehend consumption patterns in a coherent way, and compute opportunities in the aloe vera gel market, the market has been split into three segments aloe vera gel by nature, aloe vera gel end use, and the various distribution channels in the aloe vera gel market. The report describes the market dynamics and outlook of aloe vera gel in six regions, namely, North America, Latin America, Western Europe, Eastern Europe, APAC, and Middle East & Africa. To understand and analyse the market share and growth expansion of aloe vera gel in a better way, several microeconomic and macroeconomic factors are taken into consideration, which include population growth, GDP of countries in the different region, trade, rising disposable income, and others. Along with these factors, the production and farming pattern of aloe vera and its various extracts in different regions are also studied, and accordingly, insights have been drawn. This report also includes FMI’s analysis and explanation of the various factors driving and restraining the worldwide growth of the aloe vera gel market. Key trends across the value chain in the aloe vera gel market are also mentioned in the report. The aloe vera gel market is studied and analysed from the demand as well as supply side, and is represented with its value chain, to understand the different stages of the process, starting from the farming of aloe vera plant on farms to the reaching of the final aloe vera gel or its product to end consumers.
Following are the major segments in the aloe vera gel market:
Aloe Vera Gel Market by Nature
Organic Aloe Vera Gel
Conventional Aloe Vera Gel
Aloe Vera Gel Market by End Use
Food and Beverages
Other End Uses
Aloe Vera Gel Market by Distribution Channel
Aloe Vera Gel Market by Region
Middle East & Africa
To understand the aloe vera gel market in a cohesive and crystal-clear way, and to scrutinise the latest trends, developments, opportunities, and demands in the aloe vera gel market, significant and key manufacturers, distributors, and end-use companies involved in the production of aloe vera gel are studied, and are characterised in an effectual way, drawing insights related to diverse target product offerings, market share, revenue growth, and tracking the recent developments in the competitive landscape segment of the report.
Some of the key market participants in the global aloe vera gel market identified across the value chain include Terry Laboratories, Inc., Aloe Laboratories, Inc., Lily of the Desert, Patanjali Ayurved Ltd., Aloecorp, Inc., Pharmachem Laboratories, Inc., L'Oréal S.A., Herbalife International, Inc., Aloe Farms, Inc., Natural Aloe De Costa Rica, S.A, Foodchem International Corporation, Real Aloe Solutions Inc., Now Health Group, Inc., Aroma Treasures, Fruit of the Earth, Inc., Nature’s Essence Pvt. Ltd., Forever Living Products International, Inc., and a Improve USA, Inc., among others. Before the detailed and in-depth competition analysis of the key market participants in the aloe vera gel market, a competitive dashboard is provided to compare the industrial scenario in the aloe vera gel market.
The report commences with the executive summary depicting the overall global aloe vera gel market in a nutshell, showcasing the recorded global CAGR of the market, along with the segmental share and CAGR. The section also represents the aloe vera gel market scenario and the various key strategies used by key market participants. Following this is a buttoned-up, in-depth introduction of the aloe vera gel market, along with market taxonomy. Further, opportunity analysis is represented to showcase the surging opportunities in the aloe vera gel market. Then, the market sizing is analysed while considering the base year in terms of volume and value. This forms the basis for estimating and forecasting how the aloe vera gel market is anticipated to take shape in the upcoming years. Given the attributes of the market, the data is triangulated by FMI via different analysis methods based on demand side, supply side, and the various dynamics of the global aloe vera gel market. Further, the y-o-y growth of the market, market share analysis, BPS, and value and volume sales of the various regions in the aloe vera gel market and segments is represented in graphical form. In this imperative world, along with the y-o-y growth, market share, and CAGR, we provide pricing analysis as well as market attractiveness. To generate the market forecast, FMI conducted factor analysis to study and anticipate the impact of various factors on the aloe vera gel market.
The final section comprises the market structure of the aloe vera gel market and competitive landscape, presenting a detailed analysis of the key global and regional participants involved in the aloe vera gel market. Moreover, it is primarily designed to provide clients with a detailed and comparative assessment of key providers specific to the aloe vera gel market segments. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the global aloe vera gel marketplace.