Global Aloe Vera Juice Market, By Flavor Type (Flavored, Non-flavored), Product (Ready-to-Drink Juice, Crush, Pulp), Application (Food & Beverage Products, Cosmetics, Medicine), Distribution Channel (Hypermarkets/Supermarkets, Departmental Stores, Online Retail, Medical Stores) – Industry Trends and Forecast to 2029.
Aloe Vera Juice Market Analysis and Size
The medicinal value of the aloe vera plant has gained popularity among health-conscious populations. A wide range of applications for aloe vera gel has prompted functional food and cosmetic companies to invest significantly in its business prospects.
Data Bridge Market Research analyses that the aloe vera juice market was valued at USD 77.80 million in 2021 and is expected to reach the value of USD 203.92 billion by 2029, at a CAGR of 12.80% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Aloe Vera Juice Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Flavor Type (Flavored, Non-flavored), Product (Ready-to-Drink Juice, Crush, Pulp), Application (Food & Beverage Products, Cosmetics, Medicine), Distribution Channel (Hypermarkets/Supermarkets, Departmental Stores, Online Retail, Medical Stores),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Forever Living Products (U.S.), Aloe Farms (U.S.), OKF Corporation, Tulip International Inc. (South Korea), Dabur Ltd. (India), Himalaya Wellness Company (India), Aloe Veda (India), Patanjali Ayurved Ltd. (India), Rattan Organic Foods Pvt. Ltd (India)
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Opportunities
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Market Definition
Aloe Vera is well known for its restorative and healing properties. It has thick, succulent green leaves with gel and latex. The juice is made by crushing aloe vera leaves and purifying the liquid subsequently. The gel is primarily composed of water, with the remainder consisting of vitamins, enzymes, hormones, amino acids, minerals, and sugars, most of which are found in the human body.
Drivers
- Aloe vera juice as a healthy drink for aiding various health conditions
Aloe vera has numerous benefits and is used in various industries, including food, beverages, cosmetics, and pharmaceuticals. Numerous studies have also found aloe vera juice to be beneficial in various conditions, including teeth and gum problems, constipation, diabetes-induced foot ulcers, antimicrobial properties, U.V. radiation protection, skin problems, and so on. Aside from its current applications, the benefits of aloe vera are being researched in a variety of other areas. This is expected to broaden the applications of aloe vera and open the door to the launch of several new products targeting newer indications.
- The growing acceptance of the aloe Vera by the population
Consumers all over the world are becoming more health-conscious as the prevalence of lifestyle-related diseases rises. As a result of this trend, consumers perceive products containing natural ingredients such as aloe vera juice to be safer and healthier than their processed or chemical alternatives. Another important factor driving the growth of the aloe vera juice market is the high level of consumer acceptance. For several thousand years, consumers all over the world have been aware of its benefits and applications. As a result, manufacturers do not have to spend as much money educating consumers about its benefits and applications.
Opportunities
Advances in extraction techniques have enabled the use of aloe vera juice in its purest form. Furthermore, the use of better preservatives has allowed them to extend their products' shelf-life to meet their customers' expectations. A growing number of developing-country aloe vera gel producers have introduced products containing artificial sweeteners and fiber. This has fuelled demand in recent years. Furthermore, personal care companies investing in the aloe vera market avoid using synthetic ingredients to increase consumer appeal.
Restraints
Long-term consumption of aloe latex may result in heart problems, muscle weakness, weight loss, kidney problems, low potassium, diarrhoea, and blood in the urine, all of which may reduce the demand for aloe vera juice.
This aloe vera juice market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aloe vera juice market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Aloe Vera Juice Market
COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. One of them was the global aloe vera juice market. The global market has come to a halt as a result of COVID-19 guidelines and lockdown implementations in various regions. The global market's growth had been stifled due to a lack of transportation and labour. As a result, both productivity and investors have suffered.
Recent Development
- April 20, 2021 – Veganic, a Dublin-based company, has announced plans to bring Ireland's 100% organic and 100% plant-based Aloe Vera fruit juices to U.S. markets. According to company officials, they will be launching their 100 percent organic and plant-based Aloe Vera with Apple juice across the United States. Aloe Verafruit juices can be traced back to ancient Egypt, where it was known as the "plant of immortality."
- Veganic's Aloe Vera with Apple Juice is made from 100 percent organic Aloe Vera pulp and contains no added sugar or artificial ingredients. These juices are completely organic. According to the company, what distinguishes it from competitors is its commitment to developing only 100 percent organic and plant-based beverages with high-quality ingredients.
Global Aloe Vera Juice Market Scope
The aloe vera juice market is segmented on the basis of flavor type, product, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Flavor Type
- Flavoured
- Unflavoured
Product
- Ready to drink juice
- Crushed
- Pulp
- Others
Application
- Food & Beverage Products
- Cosmetics
- Medicine
Distribution Channel
- Hypermarkets/Supermarkets
- Departmental Stores
- Online Retail
- Medical Stores
Aloe Vera Juice Market Regional Analysis/Insights
The aloe vera juice market is analysed and market size insights and trends are provided by country, of type, form and end-use industry as referenced above.
The countries covered in the aloe vera juice market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, Denmark, Sweden, Poland, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Japan, Thailand, Indonesia, New Zealand, Vietnam, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, South Africa, Kuwait, Qatar, Oman, Saudi Arabia, U.A.E., and rest of the Middle East and Africa, Brazil, Argentina & rest of South America
Asia-Pacific dominates the aloe vera juice market in terms of revenue due to increasing consumption of aloe vera juice across several applications such as food and beverages and medicine.
North America is expected to grow during the forecast period of 2022 to 2029. The U.S. is the fastest developing markets for these aloe vera juices as the people in the country are adopting a healthy lifestyle owing to their busy and hectic work life.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aloe Vera Juice Market Share Analysis
The aloe vera juice market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aloe vera juice market.
Some of the major players operating in the aloe vera juice market are:
- Forever Living Products (U.S.)
- Aloe Farms (U.S.)
- Tulip International Inc. (South Korea)
- Dabur Ltd. (India)
- Himalaya Wellness Company (India)
- Aloe Veda (India)
- Patanjali Ayurved Ltd. (India)
- Rattan Organic Foods Pvt. Ltd (India)
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