According to Markntel Advisors Report, Aloe Vera Extract Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Aloe Vera, also known as “the plant of immortality,” is a short-stemmed shrub that contains more than 500 species of flowering-succulent plants and has been used for centuries owing to its medicinal benefits. Originating from the Arabian Peninsula, this genus is grown commercially in warm tropical areas and finds varied applications in industries like personal care cosmetics, food beverage, and healthcare, among others.

Global Aloe Vera Extract Market Research Report Summary:

The Global Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast period, i.e., 2023-28. 

Time Period Captured in the Report:

• Historical Years: 2018-21
• Base Years: 2022
• Forecast Years: 2023-2028

Who are the Key Players Operating in the Aloe Vera Extract Market?

The top companies of the Aloe Vera Extract Market ruling the industry are: 

Aloe King, Aloe Laboratories, Aloe Vera Australia, Aloe Vera Farm Mallorca S.L., Aloevera Fertilizer, Alpspure Lifesciences Pvt. Ltd., Ashland, Botanica Healthcare, Finca Canarias, Forever Lifestyle Products, Nature’s Essence Pvt. Ltd., PIJ Holdings Sdn Bhd, Terry Laboratories, Taishan AGHG Aloe Products Co., Ltd., Verdeaurora, Yunnan Evergreen Biological Corporation

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Aloe Vera Extract Industry Recent Developments:

• In August 2022, Faces Canada, in its quest for healthier, softer, more youthful skin, unveiled Pink Aloe Vera as a new wonder ingredient that offers multi-faceted properties to soothe, cool, hydrate skin with deep-acting nutrients.

The Aloe Vera Extract Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Application

-Pharmaceuticals and Supplements

-Personal Care Cosmetics

-Food Beverages

-By Distribution Channel

-Offline

-Online

-By Form

-Gel

-Liquid

-Oil

-Powder

-Capsules Tablets

-By Region

-North America

-South America

-Europe

-Middle East Africa

-Asia-Pacific

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Market Dynamics -Global Aloe Vera Extract Market:

Key Drivers: Shifting Consumer Preferences toward Naturally-Derived Products owing to their Health Benefits

For a few years, especially after the advent of Covid-19, the world is witnessing a rising interest of people of all age groups toward natural products, including aloe vera extracts. The major driving force for this trend is the increasing awareness among consumers of the various health benefits these plant extracts offer. As a result, there's the mounting utilization of aloe vera gels, whole leaf extracts, etc., to improve the skin hair texture and reduce weight loss, among other health purposes, i.e., propelling the Global Aloe Vera Extract Market.

Growth Restraint: Growing Prevalence of Adulterated Products owing to Low Availability High Costs of Original Aloe Vera Extracts

The world is witnessing a growing prevalence of adulterated products that do not exhibit the actual properties of pure aloe vera. Many synthetic extracts made of toxic chemicals that manufacturers add for the fragrance are penetrating globally. The prime reason behind this is the significantly low availability of original aloe vera extracts and, consequently, their high prices due to more demand. Hence, the high adulteration rate of these products is the most prominent growth restraint for the Global Aloe Vera Extract Market during 2023-28.

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