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Aloe Vera Extract Market

Market Overview: Global Aloe Vera Extract Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Aloe Vera Extract Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Aloe Vera Extract Market Insights 2023-28

The Global Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast period, i.e., 2023-28.

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Top Players 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

Segmentation Analysis of Aloe Vera Extract Market

Aloe Vera Extract Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Application:

  • Pharmaceuticals and Supplements
  • Personal Care & Cosmetics
  • Food & Beverages

Here, the personal care & cosmetic applications hold the majority market share. It owes to the mounting use of aloe vera extracts in skin, hair, & body care products, the shifting consumer preferences toward herbal & organic products, and the increasing incidence of skin-related issues worldwide.

More & more consumers are becoming aware of the harmful effects of chemically-derived cosmetics & personal care products and, in turn, showing a greater inclination toward natural & organic products that exhibit medicinal & herbal properties. In view of this, companies operating in these industries have started including naturally-derived ingredients like aloe vera extracts in their product offerings to cater to the burgeoning consumer requirements, thereby driving the industry.

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-By Distribution Channel

  • Offline
  • Online

-By Form

  • Gel
  • Liquid
  • Oil
  • Powder
  • Capsules & Tablets

A Comprehensive Geographical Analysis:

-By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Among all regions globally, Asia-Pacific is the clear leader in the Aloe Vera Extract Market. In the region, China, India, Thailand, & Australia are the major contributors to the regional market growth owing to the mounting demand for aloe vera extracts in the pharmaceutical & cosmetics sectors, increased consumer spending on functional foods, and natural cosmetic & personal care products, coupled with the rising incidence of skin-related diseases across these countries.

India is evolving as the fastest-growing cosmetics industry with the growing penetration of herbal cosmetic product manufacturers across the country. On the other hand, more & more people are focusing on their fitness and hence are increasingly adopting aloe vera-based nutritional supplements & health drinks as they promote digestive health, reduce inflammation, & enhance immunity.

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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 18.8 diverse industrial verticals.

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