According to IMARC Group’s latest report, titled “Aloe Vera Gel Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028”, the global aloe vera gel market size reached US$ 264.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 409.5 Million by 2028, exhibiting a growth rate (CAGR) of 7.38% during 2023-2028.

What is aloe vera gel?

Aloe vera gel is a natural, transparent substance derived from the succulent leaves of the aloe vera plant. Aloe vera gel is characterized by its soothing and moisturizing properties. It contains vitamins, minerals, enzymes, and amino acids that nourish and rejuvenate the skin, making it an excellent ingredient in skincare products. The gel has a cooling effect when applied topically and is known for its ability to alleviate sunburns, rashes, and skin irritations. One of the key features of aloe vera gel is its ability to promote healing and reduce inflammation. It can accelerate wound healing by stimulating collagen production and minimizing scarring. Moreover, its antimicrobial properties help prevent infections in minor cuts and burns. Aloe vera gel finds application in various industries, such as cosmetics, pharmaceuticals, and food and beverage (F&B).

Request a PDF Sample of the Report: https://www.imarcgroup.com/aloe-vera-gel-market/requestsample

Aloe Vera Gel Market Trends and Drivers:

The increasing consumer inclination toward natural and organic alternatives in skincare and related cosmetic products represents one of the key factors driving the market growth. In line with this, many individuals are opting for do-it-yourself (DIY) skincare routines, and aloe vera gel is a commonly used ingredient in homemade skincare remedies, which, in turn, is supporting market growth. Moreover, aloe vera gel is known for its healing properties, leading to its widespread adoption in various personal care and beauty products, thereby influencing the market growth positively. In addition to this, aloe vera gel contains antioxidants that help combat the signs of aging, thus making it a widely incorporated ingredient in anti-aging skincare products. Besides this, the increasing prevalence of skin-related diseases, obesity, cardiovascular disorders (CVDs), and diabetes is acting as a major growth-inducing factor. Furthermore, aloe vera gel finds extensive applications in the pharmaceutical industry due to its various medicinal properties. It is widely used in lowering the symptoms of acid reflux, decreasing cancer risks, and treating hemorrhoids, along with treating mild wounds and reducing skin inflammations. The market is also being driven by the rising consumer expenditure capacities and the easy product availability at various distribution retail channels, both offline and online, at affordable price points. The key players in the market are increasingly focusing on innovative product launches with aloe vera gel as the key ingredient, which is contributing to the market growth. The market is further witnessing growth on account of the widespread utilization of aloe vera gel in the food and beverage (F&B) industry, especially in the preparation of functional drinks. This, coupled with rising health consciousness among individuals is driving the market growth significantly. Other factors, such as significant technological advancements and extensive research and development (R&D) activities, along with increasing growing demand for organic product variants, are creating a positive outlook for the market further across the globe.

Competitive Landscape With Key Players:

The competitive landscape of the aloe vera gel market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Aloecorp Inc.

  • Aloe Laboratories Inc. (Harmony Green Co. Ltd.)

  • Forever Living Products Inc.

  • Foodchem International Corporation

  • Herbalife International Inc.

  • Lily of the Desert

  • Pharmachem Laboratories Inc.

  • Terry Laboratories Inc.

Key Market Segmentation:

The report has segmented the global aloe vera gel market based on nature, end-use industry, distribution channel and region.

Breakup by Nature:

  • Conventional

  • Organic

Breakup by End-Use Industry:

  • Cosmetic and Personal Care Industry

  • Food and Beverages Industry

  • Pharmaceutical Industry

Breakup by Distribution Channel:

  • Institutional Sales

  • Supermarkets and Hypermarkets

  • Speciality Stores

  • Online

  • Others

Breakup by Region:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2355&flag=C

Key Highlights of the Report:

  • Market Performance (2017-2022)

  • Market Outlook (2023-2028)

  • Market Trends

  • Market Drivers and Success Factors

  • Impact of COVID-19

  • Value Chain Analysis

  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800