According to IMARC Group’s latest report, titled “Aloe Vera Gel Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2021-2026”, the global aloe vera gel market reached a value of US$ 625.4 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.7% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Aloe vera is a succulent plant that produces two substances, namely gel and latex. Aloe vera gel is found in the inner part of the plant leaf. It’s a clear substance with a gel-like texture. Aloe vera gel products can include an entire crushed leaf and latex. In the food industry, aloe vera gel is a key ingredient in functional foods, health drinks, and other food products. It is also used to formulate several cosmetics and toiletry items, such as lotions, shampoos, creams, and soaps.
Market Trends and Drivers:
One of the key factors influencing the aloe vera gel market growth is the rising demand for aloe vera gel in the pharmaceutical, cosmetics, and food industries. In addition to this, increasing health consciousness and the growing prevalence of lifestyle disorders is propelling the global sales of aloe vera gel. Moreover, the rising preference for organic aloe vera-based products, along with the easy availability of these products through proliferating online retail channels, is driving the market growth further.
Aloe Vera Gel Market 2021-2026 Competitive Analysis and Segmentation:
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:
- Forever Living Products Inc.
- Pharmachem Laboratories Inc.
- Aloecorp Inc.
- Lily of the Desert
- Foodchem International Corporation
- Aloe Laboratories Inc. (Harmony Green Co. Ltd.)
- Terry Laboratories Inc
- Herbalife International Inc.
Key Market Segmentation:
The report has segmented the global aloe vera gel market on the basis of 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
- Specialty Stores
- Online
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://bit.ly/3q6AP1C
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
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