Aloe Vera Extract Market - Growth, Trends and Forecasts (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||922147|
|出版日期||內容資訊||英文 90 Pages
|全球蘆薈萃取物市場:成長，趨勢，及預測 Aloe Vera Extract Market - Growth, Trends and Forecasts (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 90 Pages||
The global aloe vera extracts market is growing at a CAGR of 7.2% during the forecast period (2019-2024).
The global aloe vera extracts market has been segmented by product form into gels, liquid, capsules/tablets, powder, oil and others; and by application into pharmaceuticals, food and personal care products. Also, the study provides an analysis of the aloe vera extracts market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Increased consumption as dietary supplements
Demand for the use of aloevera extract is increasing in the recent years owing to its medicinal benefit it provides to treat many maladies. In addition, favorable regulatory bodies guidelines have led a significant growth of the market. For instance, FDA approved Aloe vera ointment as an over-the-counter medication for skin burns back in 1959. Also, SEFAP has noted the current increasing trend for consumption of food supplements in Italy between the time period 2009 and 2016.
Asia-Pacific to drive the market
Asia-Pacific is dominating the global market of aloe vera extracts, owing to the increased awareness regarding the benefits of aloe vera extracts. Countries such as China and India are driving the region's market owing to its growing demand in the pharmaceutical and cosmetics industries. Also, the functional food industry has been growing steadily which is further fueling the market growth. For instance, Harmony Green America, Inc. launched an organic aloe vera juice in EVOH Bottle. In addition, factors such as increasing spending more towards functional foods, cosmetic and personal care products, has been resulting in the demand to augment the aloe vera extract market in the Asia-Pacific region.
The global market for aloe vera extracts is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Few of the major players in the global aloe vera market includes Agromayal Botanica S.A. de C.V., Aloe Jaumave S.A de C.V, Aloe Laboratories, Aloe Queen Inc. and Aloecorp among others.