Email
Print
Aloe Vera Gel Market – By Nature (Conventional & Organic), By End-User (Cosmetic and Personal Care Industry, Food and Beverages Industry, and Pharmaceutical Industry), By Distribution Channel (Online & Offline), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Aloe Vera Gel Market Overview:
The Aloe Vera Gel Market size is estimated to reach $621.4 million by 2030. Furthermore, it is poised to grow at a CAGR of 7.4% over the forecast period of 2024-2030. Aloe vera gel has been used by mankind in various forms for multiple purposes. Aloe vera as a food ingredient has been used to treat high blood sugar and to reduce the chances of gastric ulceration. Additionally, aloe vera is a mucopolysaccharide that would help in intestinal motility and glutathione reductase. Furthermore, aloe vera has been extensively used by the personal care industry and cosmeceuticals owing to its excellent moisturizing properties, thereby, helping in reducing incidences of wrinkles and acne. Owing to the presence of various vitamins and minerals, it has been an extensive source of anti-aging cream. The growing geriatric population can be inclined to use such creams if the product is positioned as such. Various health benefits of aloe vera gel such as its antibacterial, antiviral and antiseptic properties, the ability to accelerate wound healing, reduce dental plaque and help treat mouth ulcers, positive laxative effects, and the ability to improve skin and prevent wrinkles are the plausible driver for the Aloe Vera Gel Industry for the projected period of 2024-2030.
Market Trends:
Increasing Use in Nutraceuticals and Functional Beverages
An emerging trend shaping the aloe vera gel market is the increasing utilization of aloe vera gel in nutraceuticals and functional beverages. Recognized for its potential health benefits, including digestive support and immune system enhancement, aloe vera gel is finding applications beyond topical skincare. In the nutraceutical sector, aloe vera gel is incorporated into supplements, capsules, and health drinks to capitalize on its bioactive compounds. Additionally, aloe vera beverages, including aloe vera-infused juices and water, have gained popularity as functional beverages promoting hydration and well-being. This trend is driven by a growing consumer awareness of holistic wellness and the desire for functional products that offer both nutritional and health benefits. As a result, the aloe vera gel market is expanding its reach into the realm of functional foods and beverages, catering to health-conscious consumers seeking diverse and palatable ways to incorporate the benefits of aloe vera into their daily routines.
Integration into Clean Label Cosmetics
The aloe vera gel market is witnessing a trend wherein aloe vera is being integrated into clean-label cosmetics. With an increased focus on transparency and ingredient authenticity, consumers are gravitating toward cosmetics that feature recognizable, plant-based components. Aloe vera gel, celebrated for its skin-soothing properties, is becoming a sought-after ingredient in clean beauty formulations, including foundations, serums, and makeup removers. Brands are leveraging the hydrating and calming attributes of aloe vera to meet the demands of consumers seeking products with fewer synthetic chemicals. This trend aligns with the broader clean beauty movement, emphasizing simplicity and purity in cosmetic formulations. As the demand for clean-label cosmetics continues to grow, the aloe vera gel market is positioned to play a pivotal role in the development of skincare and beauty products that prioritize both efficacy and ingredient integrity.
Market Snapshot:
Aloe Vera Gel Market - Report Coverage:
The “Aloe Vera Gel Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Adhesive Bandages Market.
| Attribute | Segment |
|---|---|
By Nature |
|
By End-User |
|
By Distribution Channel |
|
By Geography |
|
COVID-19 / Ukraine Crisis - Impact Analysis:
● The COVID-19 pandemic significantly impacted the aloe vera gel market in both positive and negative ways. On one hand, the increased emphasis on personal hygiene and skincare during the pandemic led to a surge in demand for aloe vera gel. Consumers sought products known for their moisturizing and soothing properties, and aloe vera, with its natural and healing attributes, became a popular choice. The spike in demand was particularly notable in hand sanitizers and skincare products containing aloe vera. However, on the flip side, disruptions in the supply chain, restrictions on manufacturing facilities, and logistical challenges posed hurdles for aloe vera gel producers. The pandemic-induced lockdowns and economic uncertainties also influenced consumer spending patterns, impacting the overall market dynamics.
● The Russia-Ukraine war has had a notable impact on various global markets, including the aloe vera gel market. Aloe vera is a versatile plant known for its medicinal and cosmetic properties, and its gel is widely used in skincare and healthcare products. The conflict has disrupted supply chains, as both Russia and Ukraine play crucial roles in the production and export of raw materials essential for the aloe vera gel industry. Instabilities in these regions have led to uncertainties in the availability of key components, affecting the manufacturing and distribution processes. Fluctuations in currency exchange rates, trade restrictions, and increased transportation costs have further contributed to challenges for market players. As a result, the aloe vera gel market has experienced disruptions in the production pipeline, leading to potential shortages and price volatility. Businesses in this sector are compelled to adapt to the evolving geopolitical landscape, seeking alternative sources and strategies to mitigate the adverse effects of the ongoing conflict on market growth.
Key Takeaways:
● Dominance of Asia-Pacific
The aloe vera gel market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. Asia-Pacific held a dominant market share of 31% as compared to the other regions in 2023. China and India are the dominant marketable places for aloe vera, and both regions provide excellent profit metrics for wholesalers and retailers. As per an individual farmer review, a profit of around INR 4,72,000 can be generated from 2,000-acre farming of aloe vera owing to high product demand. However, North America is expected to offer lucrative growth opportunities to marketers in the projected period of 2024-2030. This is owing to the enormous demand being seen in the green beauty segment. Further, in a data report, consumers surveyed reported that they’d be keener to purchase beauty or food items that are sourced sustainably, from local farmers, and are organic.
For More Details on This Report - Request for Sample
● The cosmetic and Personal Care Industry segment held the largest market share
The aloe vera gel market based on the end-use industry can be further segmented into the Cosmetic and Personal Care Industry, Food and Beverages Industry, and Pharmaceutical Industry. The cosmetic and Personal Care Industry held a dominant market share in the year 2023. This is owing to the widespread usage of aloe vera gel in fulfilling various needs, especially pertaining to the skin. Aloe vera gel has been an excellent skin healer and protects against skin burns. Aloe vera acts as a protective layer of the skin and helps replenish its moisture. Regions such as Australia receive an additional 7% solar UV intensity, while also receiving 15% more UV than Europeans. However, Pharmaceutical Industry is estimated to be the fastest-growing, with a CAGR of 8.6% over the forecast period of 2024-2030. It is owing to the overall nutritional qualities which allow a multi-dimensional use. Further, type II diabetes can be bought under control using such products in continuation. As per WHO, around 490 million people globally suffer from diabetes.
● Offline Segment to Hold Largest Market Share
The aloe vera gel market based on distribution channels can be further segmented into Offline and Online. The offline segment held a dominant market share in the year 2023. It is owing to the preferential selling techniques to advertise new products that are favored through hypermarkets and supermarkets. Further, such products have a higher shelf life which allows for better chances of being used by the consumer. Offline retailers try to mend new strategies, by giving bulk discounts up to 10-12% to induce sales on the newer products.
However, the Online segment is estimated to be the fastest-growing, with a CAGR of 8.8% over the forecast period of 2024-2030. It is owing to heavy discounts and newer digital sales strategies which propel confidence and instill discounts at various checkpoints. Moreover, celebrity endorsements and codes allow for better positioning. Lastly, consumers in various economies are highly price-sensitive, thereby online selling channels can provide additional ways. For example, Mama Earth aloe vera gel is available at a discount of 15% against the MRP of INR 300.
● The property of aloe vera gel to combat and prevent skin wrinkles, and aging effects has allowed the market to space
Natural or green beauty has been a growing discipline within the cosmetic industry. Green beauty is anything and everything which is sourced using ethical and sustainable practices, without relying on animal cruelty. Aloe Vera gel has been extensively used to prevent wrinkles and acne. Since aloe vera is rich in anti-inflammatory properties it can kill and fight against acne-causing bacteria. Acne has been regarded as a common skin condition within the US, affecting around 50 million of the population. Furthermore, as per AAD, 85% of people within the age bracket of 12-24, experience acne at least once in life. Aloe vera gel is also rich in aging factors. Aloe vera contains numerous antioxidants that include beta-carotene, vitamins C, and E that can help improve the skin's natural firmness and further keep it hydrated. The geriatric population is booming in various parts of the world, as by 2030 around 25% of the US population will be above the age bracket of 65, of which a dominant position is held by women. Owing to such factors, the market would be driven at a good pace.
● The medicinal use of aloe vera gel in controlling various forms of cardiovascular diseases allows the market to reach exponential potential
As per a report by Herbal Medicines, aloe vera gel contains around 200 active substances primarily including vitamins, minerals, enzymes, and polysaccharides. All the said components work together to provide the desired result. Aloe vera gel is a powerful anti-inflammatory that can help in treating various forms of health complaints, including constipation-colic, and high blood pressure issues. Within the U.S., around 50% of the entire adult population suffers from hypertension, of which only one-third take medicines to control. As per a report from the National Center for Complementary & Integrative Health, aloe vera gel can also help in compensating for cases of osteoarthritis, bowel diseases, and forms of fever. As for treating type-two diabetes, a review published by the Journal of Alternative And Complementary Medicines, aloe vera gel can help in lowering fasting blood sugar by 46.6 milligrams per decilitre, while also controlling A1C blood sugar levels by 1.05%. Owing to such medicinal properties, the market has the potential to grow exponentially.
● The increasing Sensitive conditions to incur/ grow aloe vera plantation have been a limiting factor
Aloe-vera commercial farming is gaining market traction owing to high profitability metrics. The average yield of Aloe Vera leaves for one hectare of land is estimated to be 15 to 20 tonnes. However, the industry remains highly unregulated which often creates wide-scale problems, especially during plantations. One of the limiting factors for the growth of aloe vera is pests. Mealybugs are one of the common mites which affect aloe-vera plants, as they can suck all the sap of the plant, by piercing right through the plant tissues. Additionally, since it is a desert plant, a stint of high water can plausibly spoil the entire acreage. Owing to such factors, the market’s growth can be potentially hindered.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Adhesive Bandages Market. The top 10 companies in this industry are listed below:
- Lily Of The Desert
- Terry Laboratories Inc.
- Natural Aloe Costa Rica S.A.
- Aloecorp Inc.
- Aloe Laboratories Inc.
- Herbalife International of America, Inc.
- Aloe Vera of Australia
- Real Aloe Solutions Inc.
- Aroma Treasures
- Green Leaf Naturals
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2023 |
Forecast Period | 2024–2030 |
CAGR | 7.4% |
Market Size in 2030 | $621.4 million |
Segments Covered | Nature, End-User, Distribution Channel and Region |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
|
For more Food and Beverage Market related reports, please click here
1. Aloe Vera Gel Market Overview
1.1 Definitions and Scope
2. Aloe Vera Gel Market- Executive Summary
3. Aloe Vera Gel Market – Market Landscape
3.1 Company Benchmarking- Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Aloe Vera Gel Market – Startup Company Scenario
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Aloe Vera Gel Market – Industry Market Entry Scenario Premium
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Aloe Vera Gel Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of Substitutes
7. Aloe Vera Gel Market – By Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Aloe Vera Gel Market- By Nature
8.1 Conventional
8.2 Organic
9. Aloe Vera Gel Market- By End-Use Industry
9.1 Cosmetic and Personal Care Industry
9.2 Food & Beverages Industry
9.3 Pharmaceutical Industry
10. Aloe Vera Gel Market- By Distribution Channel
10.1 Offline Channels
10.1.1 Supermarkets/Hypermarkets
10.1.2 Convenience Stores
10.1.3 Grocery Stores
10.1.4 Others
10.2 Online Channels
11. Aloe Vera Gel Market - By Geography
11.1 North America
11.1.1 U.S
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 UK
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 South Korea
11.3.4 India
11.3.5 Australia
11.3.6 New Zealand
11.3.7 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Chile
11.4.4 Colombia
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Aloe Vera Gel Market - Market Entropy
12.1 New product launches
12.2 M&A's, collaborations, JVs and partnerships
13. Aloe Vera Gel Market – Industry Competition Landscape
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key Companies
13.1.3 Market Share by Countries – Key Companies
13.2 Competition Matrix
13.3 Best Practices for Companies
14. Aloe Vera Gel Market – Key Company List by Country Premium
15. Aloe Vera Gel Market - Company Analysis
15.1 Lily Of The Desert
15.2 Terry Laboratories Inc.
15.3 Natural Aloe Costa Rica S.A.
15.4 Aloecorp Inc.
15.5 Aloe Laboratories Inc.
15.6 Herbalife International of America, Inc.
15.7 Aloe Vera of Australia
15.8 Real Aloe Solutions Inc.
15.9 Aroma Treasures
15.10 Green Leaf Naturals
"*Financials would be provided on a best-efforts basis for private companies
The Adhesive Bandages Market is projected to grow at a CAGR of 7.4% during the forecast period 2023-2030.
Global Adhesive Bandages Market size is estimated to be $432.6 million in 2023 and is projected to reach $621.4 million by 2030.
The leading players in the Aloe Vera Gel Market are Lily Of The Desert, Terry Laboratories Inc., Natural Aloe Costa Rica S.A., Aloecorp Inc., Aloe Laboratories Inc. and Others.
Integration into Clean Label Cosmetics is likely to gain prominence which will create growth opportunities for the market during the forecast period.
The property of aloe vera gel to combat and prevent skin wrinkles, and aging effects and the medicinal use of aloe vera gel in controlling various forms of cardiovascular diseases are the driving factors of the market.