Aloe Vera Extract Market Analysis

Aloe Vera Extract Market Analysis

The export data for organic products in India reveals a robust growth rate of 19.5% in the organic market value from 2019 to 2021, amounting to a value of INR 7,078.5 crore (USD 1,040.96 million) in 2020-21, with a further increase of 33% in the previous year. This growth trend indicates a rising demand for organic and natural products in the international market. The aloe vera extract market is a significant player in this trend, experiencing steady growth due to its various health benefits and medicinal properties. With an increasing demand for organic products, the market is projected to continue its upward trajectory, presenting a range of opportunities for manufacturers and suppliers in both domestic and international markets.

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The liquid aloe vera extract market size accounted for USD 1.5 billion in 2022.The demand for liquid aloe vera extract is influenced by consumer preferences, quality, availability, and pricing. The cosmetics and personal care industries are driving the demand for liquid aloe vera extract due to its potential benefits for skin health, and it is commonly used as an ingredient in skincare products.
 

The cosmetics segment holds the largest share at 43% in 2022, the cosmetic industry has been a major consumer of aloe vera extract attributed to its numerous benefits for skin and hair. The demand for natural and organic cosmetic products has been growing steadily, and aloe vera extract has become a popular ingredient in a variety of skincare and hair care products.
 

The Asia Pacific aloe vera extract market reached USD 1.07 billion in 2022 led by increasing use of aloe vera extract in the cosmetics, pharmaceuticals, and food and beverage industries. The rising population and improving economic conditions in countries like India and China, is likely to spur the industry outlook. Additionally, the growing trend of healthy lifestyles and increasing awareness about aloe vera extract's medicinal and therapeutic benefits will continue to boost market growth in the Asia Pacific region.