According to Goldstein Research, global aloe vera market is expected to reach USD 2.15 billion by the end of 2024 from USD 0.84 billion in 2016, growing at a CAGR of 11.0%. The food and beverages industry is developing rapidly and hybrid drinks with aloe Vera juice are being sold. Such drinks are gaining wide favorability among consumers and further driving the Aloe Vera juice industry. Global aloe vera market segmentation has been done on the basis of flavors, form, application, channel of distribution and geography. Keeping in mind the rising health consciousness and importance given by consumers to the taste of the product, players are coming up with hybrid juices such as aloe vera juices.

Global aloe vera industry had largest market share in Asia-Pacific on back of economic development which has increased the urban population and personal disposable incomes and the rising geriatric population and incidents of health issues such as diabetes, cholesterol. APAC region is expected to grow at a highest CAGR over the forecast period (2016-2024).

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Market Segmentation

On the basis of our in-depth analysis, Global Aloe Vera Market can be segmented as follows:

By Flavors

o Flavored
o Non-flavored

By Form

o Gel Extract
o Whole Leaf Extract

By Application

o Food & Beverage
o Cosmetics
o Pharmaceuticals

By Channel of Distribution

o Retail Stores
o Pharmacies and Drugstores
o Supermarkets
o Online Retail

On the basis of region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Aloe Vera Market Outlook 2024” contains a detailed overview of the global aloe vera market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by flavour, form, application and distribution channel.

Further, for the in-depth analysis, Global Aloe Vera Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asALO, Forever Living Products, Aloe Farms, OKF, Houssy Global, Dabur Ltd., The Himalaya Drug Company, Aloe Veda Personal Care, aloe vera India, Khadi Natural, Forest Essentials, Nature's Essence Pvt. Ltd., Fabindia, MSG All Trading International Pvt. Ltd., Bright Lifecare Pvt. Ltd., Rattan Organic Foods Pvt. Ltd., Nourish Vitals,etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the global aloe vera market size along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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