The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Aloe Vera Extract Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Aloe Vera Extract Industry (2023-2028):
According to the latest report, The Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Aloe Vera Extract industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2023-28
· CAGR (2023-2028): 8.8%
What are the major Driver the Aloe Vera Extract industry?
Shifting Consumer Preferences toward Naturally-Derived Products owing to their Health Benefits: For a few years, especially after the advent of Covid-19, the world is witnessing a rising interest of people of all age groups toward natural products, including aloe vera extracts. The major driving force for this trend is the increasing awareness among consumers of the various health benefits these plant extracts offer. As a result, there's the mounting utilization of aloe vera gels, whole leaf extracts, etc., to improve the skin & hair texture and reduce weight loss, among other health purposes, i.e., propelling the Global Aloe Vera Extract Market.
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Aloe Vera Extract Market Segmentation
The Aloe Vera Extract Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Application
- Pharmaceuticals and Supplements
- Personal Care & Cosmetics
- Food & Beverages
- By Distribution Channel
- Offline
- Online
- By Form
- Gel
- Liquid
- Oil
- Powder
- Capsules & Tablets
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Aloe Vera Extract Market is expected to be dominated by North America by capturing the potential market share.
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Top Companies in the Aloe Vera Extract Market
Aloe King, Aloe Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare, Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co., Ltd., Verdeaurora, Yunnan Evergreen Biological Corporation
Others Reports:
Recent Developments in the Aloe Vera Extract Market
In August 2022, Faces Canada, in its quest for healthier, softer, & more youthful skin, unveiled Pink Aloe Vera as a new wonder ingredient that offers multi-faceted properties to soothe, cool, & hydrate skin with deep-acting nutrients.
The same year in May, Juicy Chemistry launched yet another range of innovative products, a brand new multi-purpose Aloe Vera Gel & Aloe Vera Juice in the Indian Market.
In August 2021, Forever Living introduced a new lightweight formula Aloe Body Lotion to quickly deliver the benefits of pure aloe vera & other moisturizing ingredients, making it ideal as an everyday moisturizer to soften skin & leave it feeling smooth, hydrated, & healthy.
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