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Aloe Vera Extract Market Size
- Report ID: GMI5615
- Published Date: May 2023
- Report Format: PDF
Aloe Vera Extract Market Size
Aloe Vera Extract Market size valued at USD 3.08 billion in 2023 and is expected to grow at a CAGR of 8.5% between 2024 and 2032. The rise in demand for Aloe vera extract is attributed to its health benefits, such as skin moisturizing, wound healing, and digestive health improvement. Aloe vera extracts are also used in various applications such as food and beverage, pharmaceutical, and cosmetics. The increasing awareness of the health benefits of Aloe vera extract among consumers is driving the market growth.
The increasing use of Aloe vera extract in various beauty and skincare products is set to augment the market demand. The limited availability of Aloe vera plants and the high cost of processing the extract may limit the industry growth. Nonetheless, the growing demand for organic products is predicted to fuel the market's growth, as Aloe vera extract is a natural ingredient that has gained popularity in various industries.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Aloe Vera Extract Market Size in 2023: | USD 3.08 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 8.5% |
| 2032 Value Projection: | USD 6.4 Billion |
| Historical Data for: | 2018 to 2023 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 250 |
| Segments covered: | Form, Application, Distribution Channel |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Aloe Vera Extract Market Scope
