Global Aloevera Liquid Extract Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Aloevera Liquid Extract Market Analysis

Aloe vera is a succulent plant of the genus Aloe. It grows in several tropical areas worldwide and is mainly cultivated for food, medicinal use, and cosmetic purposes. Aloe vera extract is often used in lotions and creams due to its hydrating properties. It helps soothe and moisturize the skin without leaving a greasy residue. Aloe vera leaves are commonly used in the food, pharmaceutical, and cosmetics industries. Aloe vera liquid extract is included in hair products to moisturize the scalp, reduce dandruff, and promote healthy hair growth. Consuming aloe vera extract can help soothe the digestive tract and may assist in alleviating conditions like acid reflux and irritable bowel syndrome (IBS). Aloe vera extract is widely recognized for its ability to promote healing in minor burns, cuts, and abrasions. Its antimicrobial properties help prevent infection while its soothing nature accelerates recovery.

Aloevera Liquid Extract Market Size

Global aloevera liquid extract market size was valued at USD 661.2 million in 2023 and is projected to reach USD 1,014.73 million by 2031, with a CAGR of 5.5% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Aloevera Liquid Extract Market Trends

“Increasing Use of Aloe Vera Extracts in Aloe-based Drinks

Growing adoption of a healthy lifestyle across all age groups, consumers nowadays are progressively determining natural, organic, and more nutritional beverages. Additionally, changing consumer inclination toward high-calorie carbonated drinks to favorable plant-based drinks poses lucrative opportunities for the market. Moreover, the primary element of the Aloe plant is its water content, which ranges from 99% to 99.5%. Therefore, these aloe-based drinks are favorable for hydration during the summer season. Furthermore, augmenting demand for weight management solutions among consumers nowadays has been one of the significant factors propelling the demand for the market over the past few years. The global market is projected to aid these consumer trends. Rising demand for extracts of aloe vera from the food and beverage industry such as aloe-based drinks for making aloe vera-based products is anticipated to foster the industry growth over the forecast period.

Report Scope and Aloevera Liquid Extract Market Segmentation      

Aloevera Liquid Extract Market Definition

Aloe vera liquid extract is a concentrated form of the liquid obtained from the leaves of the Aloe vera plant. This extract is known for its wide range of beneficial properties and applications.   Aloe vera liquid extract is derived from the gel-like substance found inside the thick, fleshy leaves of the Aloe vera plant (Aloe barbadensis miller). The process involves extracting and concentrating this gel to create a liquid form that retains the plant's active compounds.               

Aloevera Liquid Extract Market Dynamics

Drivers  

• Rising Demand for Natural and Organic Products

Consumers are increasingly shifting towards natural and organic products due to growing health consciousness and awareness of the potential side effects of synthetic ingredients. Aloe vera liquid extract fits well into this trend as it is perceived as a natural, safe, and effective alternative to chemical-based products. The global wellness trend emphasizes natural and plant-based ingredients, which has driven demand for products such as Aloe vera liquid extract. Aloe vera's natural properties, such as its soothing, hydrating, and healing effects, align with the consumer preference for organic and less processed options.

• Growing Awareness of Aloe Vera's Health Benefits

The awareness and acceptance of Aloe vera's numerous health benefits have been a significant driver for the Aloe vera liquid extract market. Research and consumer education about the therapeutic and health-promoting properties of Aloe vera have contributed to its popularity. Increasing scientific research has highlighted the benefits of Aloe vera, such as its anti-inflammatory, antioxidant, and digestive health properties. Studies showcasing these benefits contribute to greater consumer trust and demand for Aloe vera products.

For instance, acoording to a recent news article, Aloe barbadensis, commonly known as aloe vera, has been used for thousands of years to treat skin ailments, promote digestive health and heal wounds. But while aloe vera gel is in high demand, the peels are thrown away as agricultural waste. Currently, scientists report that these peels, or rinds, can ward off bugs, acting as a natural insecticide.

Opportunity

• Expansion into Niche Markets

Emerging markets present significant opportunities for Aloe vera liquid extract due to increasing disposable incomes, growing consumer awareness of health and wellness, and expanding retail infrastructure. As these markets develop, the demand for natural and organic products, including Aloe vera, is expected to rise. With increased access to information and education about health and wellness, consumers in emerging markets are becoming more aware of the benefits of Aloe vera. This awareness is fueled by globalization, exposure to international brands, and increased use of digital media and e-commerce platforms.

• Innovative Product Development and Applications

There are numerous opportunities for innovation in the Aloe vera liquid extract market, which can lead to the development of new products and applications across various sectors. Leveraging Aloe vera's benefits in novel formulations can cater to evolving consumer preferences and expand market reach. Aloe vera liquid extract can be incorporated into a variety of functional beverages, such as energy drinks, detox waters, and smoothies. By creating new beverage formulations that highlight Aloe vera’s health benefits, companies can appeal to health-conscious consumers seeking convenient ways to enhance their well-being.

Restraints/Challenges

• Quality and Purity Concerns

Maintaining the quality and purity of Aloe vera liquid extract is a significant challenge. Issues related to adulteration, contamination, and variability in the quality of raw materials can affect product efficacy and safety. Aloe vera products can be adulterated with lower-quality ingredients or contaminated during the production process. This can compromise the integrity of the final product, leading to safety concerns and potential health risks for consumers. Adulteration with synthetic additives or non-Aloe vera substances can also dilute the effectiveness of the extract.

• High Production Costs and Supply Chain Issues

The production of Aloe vera liquid extract involves significant costs related to cultivation, harvesting, processing, and logistics. These costs can impact pricing and market competitiveness, and supply chain disruptions can further exacerbate challenges. Aloe vera plants require specific growing conditions and a considerable amount of time to reach maturity. The costs associated with cultivating and harvesting high-quality Aloe vera leaves can be substantial. Additionally, ensuring that the plants are grown without harmful pesticides or chemicals can add to the cost.

This 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Aloevera Liquid Extract Market Scope

The market is segmented on the basis of product, end user, 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.

Product:

• Facial cleansers
• Dietary Supplements
• Food Additives
• Topical Medications
• Soil Conditioners
• Others

End User:

• Agriculture
• Pharmaceutical
• Food
• Cosmetics
• Household Products
• Health and Wellness

Distribution Channel:

• Online
  • Company Website
  • Third Party Website
• Offline
  • Hypermarkets/Supermarkets
  • Multi-Brand Stores
  • Specialty Stores
  • Beauty and Hair Salons
  • Independent Small Stores

Aloevera Liquid Extract Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, product, end user, and distribution channel as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to  the increase in educational campaigns, health blogs, and social media influencers promote the advantages of aloe vera, there is a growing demand for aloe vera-based products such as juices, gels, and supplement.

Asia-Pacific region is experiencing the highest CAGR due to the traditional use of Aloe vera as medicine systems such as Ayurveda in India and Traditional Chinese Medicine (TCM) for centuries. The increasing interest in these traditional practices leads consumers to explore and invest in natural remedies like aloe vera.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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.

Aloevera Liquid Extract Market Share

The 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 market.

Aloevera Liquid Extract Market Leaders Operating in the Market are:

• Aloe Farms, Inc. (U.S.)
• Lily of the Desert Organic (U.S.)
• Terry Laboratories, Inc. (U.S.)
• Pharmachem Laboratories, Inc. (U.S.)
• Natural Aloe Costa Rica S.A. (Costa Rica)
• Foodchem International Corporation (China)
• Aloe Laboratories, Inc.(U.S.)
• Aloecorp, Inc.(U.S.)
• Calmino Group AB (Sweden)
• Roche (Switzerland)

Aloevera Liquid Extract Latest Development

• In September 2023, Kelly Loves launches new pineapple flavour aloe vera drink. Asian snack and drink brand, Kelly Loves, has launched a new pineapple flavoured aloe vera drink product.
• In February 2022, Aloecorp, Inc. announced that its range of products, including Aloe vera purified inner leaf and purified leaf items, has received the Generally Recognized as Safe (GRAS) status from the Burdock Group. This recognition was granted based on strict regulatory safety standards, available safety data, and the application of established toxicological principles by the Burdock Group, a reputable authority in regulatory compliance.

SKU-72797