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Global Aloe Vera Derivatives Market : Information by Type (Powder, Gel and others), Category (Organic and Conventional), Application (Food & Beverages, Pharmaceuticals and Nutraceuticals, Personal Care and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025

Market analysis

Globally, the increasing demand for natural products in the food & beverage, pharmaceuticals, and personal care industries has contributed significantly to the growth of the market. The growing demand for plant-based beverages is another factor contributing to the growth of the market. Owing to the increasing health concerns among consumers, the demand for products made from natural and healthy ingredients is on the rise. Aloe vera is a perennial plant rich in various antioxidants, minerals, vitamins, and other bioactive compounds. Moreover, owing to their antioxidant, anti-microbial, and antifungal effects and immune modulation, aloe vera derivatives are emerging as promising herbal additives in animal feed, especially in poultry, pet, and equine feed, thereby creating new opportunities for the players in the market.

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Generally, aloe vera belongs to the liliacea family and has thick green leaves which contain gel and latex. The gel consists primarily of water and the rest includes various vitamins, amino acids, enzymes, hormones, minerals and sugars, most of which are discovered in the human body. Aloe Vera is widely used in the food industry, cosmetic and toiletries industry, and the pharmaceutical industry. The market has been growing gradually over the last decade driven by wide-ranging and rising usage of Aloe Vera in the food, health care and cosmetic trades.

The global aloe vera derivatives market is expected to witness significant growth during the forecast period. Rising consumer awareness regarding the benefits of aloe vera has resulted in increased demand for aloe vera derivatives in application industries. Aloe vera derivatives have found application in skincare and healthcare products. Food & beverages are one of the fastest-growing application areas for aloe vera derivatives.

Market segmentation

The Global Aloe Vera Derivatives Market is segmented based on material type, application, category and region respectively. Based on application, the market has been isolated into functional food & beverages, pharmaceuticals and nutraceuticals, personal care, and others. The functional food & beverages segment has been separated into dairy products, beverages, dietary supplements, sauces and condiments, and others. The personal care segment settled for the major market share of in 2018. However, the pharmaceutical and nutraceuticals segment is expected to exhibit the highest CAGR. Based on type, the market has been divided into gel, powder, and others.

The Global Aloe Vera Derivatives Market is expected to register a CAGR of 6.4% to reach USD 4,059.63 Million by 2025. Aloe vera derivatives are removed or derived from aloe vera for use in various application productions such as personal care, food & beverages, and nutraceuticals. The derivatives of aloe vera include extract, gel, and powder. The subsidies correlated with aloe vera have added to the rising reputation of aloe vera-based products. The gel portion governed the market in 2018 with a market share of more than 52%. Aloe vera powder is an active ingredient in cosmetic inventions. It is widely incorporated in lotions, face creams, shampoos, conditioners, and cosmetics making the powder sector the fastest growing during the forecast period. By category, the aloe vera derivatives market grouped as organic and predictable. The demand for organic-certified aloe vera derivatives is increasing in various productions such as personal care and food & beverages which is affecting cultivators to shift to organic farming.

Regional Analysis

Geographically the Global Aloe Vera Derivatives Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. Asia-Pacific was the second-major market in 2018 and the provincial market is forecast to reach the highest CAGR during the forecast period. The main companies in the food & beverage business are increasing their survival in cultivating countries in the region, which generates an adaptable market for the providers of aloe vera derivatives. The European aloe vera derivatives market settled for the largest market of around 38.65% in 2018. Germany, France, Italy, and the UK are the key countries that are promoting to market growth in the region. Europe being the largest market for plant-based beverages has led to the rising demand for aloe vera derivatives in the beverage industry. Also, consumers are progressively opting for healthy and nutritive beverages over calorie-heavy soft drinks, which is driving the demand for functional beverages.

Major players

The proposed spectators in the Global Aloe Vera Derivatives Market are Aloe vera derivative manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Aloe Vera Derivatives Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Aloe Vera Derivatives Market are companies like Aloe Laboratories (US), Terry Laboratories L.L.C. (US), Aloe Vera Australia (Australia), Houssy Drinks Co., Ltd (US), Stockton Aloe 1 (US), Omica Organics (US), Shaanxi Bolin Biotechnology Co., Ltd (China), Biogenic Foods (US), OKYALO (US) and Gift Morocco (Morocco). The international players are expanding their presence worldwide through strategic acquisitions and launching innovative products.

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