This report titled “Aloe vera Extracts Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029” offers strategic insights into the trends in aloe vera extracts market along with the market size and forecast for the duration 2019 to 2029. The said research study incorporates in-depth analysis of multiple market segments based on form, end use and geographical distribution.
The global aloe vera extracts market is becoming increasingly competitive with growing new products by market players to reach full capabilities and gain international footprint. In addition, several players are also focused on developing their niche products in the market. Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Asia Pacific and Europe.
Based on form, the global aloe vera extracts market is categorized into drinks, powders, gels, capsules, and others. On the basis of end use, the global aloe vera extracts market is segmented into food products, cosmetic products and pharmaceutical products. In addition, cosmetic companies form the major client for these extracts. Market size and forecast for all the considered segmentation is presented in this report for the period 2018-2029 (US$ Mn) along with their respective CAGRs for the forecast period 2021-2029 (Value %).
On the basis of end use, the aloe vera extracts market is categorized into following types:
The aloe vera extracts market is also segmented on the basis of end use such as food products, cosmetic products, and pharmaceutical products. Amongst this, cosmetic products segment contributed the highest share in the total revenue of aloe vera extracts market in 2020. The segment is expected to expand at a significant compound annual growth rate over the forecast period. The prevalence of various skin diseases and other related problem has impelled the demand for aloe vera extracts from cosmetic product manufacturers which is likely to observe robust growth over the forecast period. Food and beverage manufacturers is likely to increase the usage of aloe vera extracts in producing aloe vera drinks which is anticipated to increase the food products segment growth over the period 2021-2029.
On the basis of Form, the Aloe vera Extracts market is categorized into following types:
The aloe vera extracts market is also segmented on the basis of form such as drinks, gels, capsules, powders, and others. Amongst this, drinks segment contributed the highest share in the total revenue of aloe vera extracts market in 2020. The segment is expected to expand at a stupendous compound annual growth rate over the forecast period. The rising health and wellness consciousness has intensified the growth of the segment for the past few years. Rising usage of aloe vera extracts in pharmaceutical industry as an ingredients and as final products is likely to impel the growth of powders and capsules segment growth in the next few years.
Rising awareness among people and changing preferences related to varied skin care products has intensified the growth of worldwide Aloe vera Extracts market. Apart from this higher personal disposable income especially in developing countries has strengthened the purchasing power of households to spend on enhancing their appearances which has stimulated the demand for Aloe vera Extracts over the past few years. The global aloe vera extracts market has been categorized by geography which includes Europe, North America, Asia Pacific and Rest of the World (including Latin America and Middle East). In 2020, Europe dominated the market with a contribution of around 30% in the total revenue of global aloe vera extracts market. Due to expansion by the companies and higher disposable income and new product development, the North America and Asia Pacific region is anticipated to gain traction in terms of demand for aloe vera extracts over the forecast period. Rising middle class population and substantial migration of people from rural to urban area especially in India is likely to foster the demand for aloe vera extracts over the forecast period.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Aloe Vera Extracts market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Form
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End Use
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
