Aloe Vera Gel Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Aloe Vera Gel market reached a value of about USD 243.6 million in 2021. The industry is projected to grow at a CAGR of around 7.6% in the forecast period of 2022-2027 to reach a value of about USD 381 million by 2027.

The global Aloe Vera Gel industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The increased pharmaceutical, cosmetic, and food demand is driving the market. The Asia Pacific is the highest category spender by region, driving the need for the Aloe Vera Gel industry.

Industry Definition and Segmentation

Aloe vera gel is a thick, colourless, and clear liquid derived from the aloe vera plant. The gel helps treat dental issues, microbial development, skin illnesses, digestive difficulties, and immunity. As a result, it's common in various industries, including cosmetics, personal care, food and beverage, pharmaceuticals, and so forth. The Aloe Vera Gel industry report comprises segments by End-Use (Pharmaceutical Industry, Cosmetic Industry, Food Industry) and region (North America, Europe, Asia Pacific, the Middle East and Africa, and South America).

North America, Europe, Asia Pacific, Middle East & Africa, and South America Regions are Driving the Growth of the Industry

The Asia Pacific holds the largest share in the industry in terms of production and consumption. The gel has long been used in traditional herbal treatments throughout the area, particularly in India and China. As a result, it is expected to continue to drive the market's expansion.

The market is driven by the growing demand for the product owing to its medical characteristics. Aloe vera gel's relaxing and soothing properties have been used to treat various ailments, including itchy skin and burns. Consumers with sensitive skin are more likely to use it. Aloe vera gel has also been reported to aid in the reduction of inflammation, the alleviation of acid reflux symptoms, the removal of cancer risks, and the treatment of haemorrhoids. Consumers' increasing trend away from chemical-based goods and toward herbal or organic components is fuelling market expansion. Its therapeutic properties are driving demand in the skincare and cosmetics industries with a sizable customer base. It is widely available in various forms, including gel, creams, powder, toners, face packs, and masks.

Best Procurement Practices

The global Aloe Vera Gel industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Aloe Vera Gel regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Crushing, grinding, or pressing the whole leaf of the Aloe vera plant to generate Aloe vera juice, followed by several phases of filtering and stabilising the fluid, are all part of the aloe product manufacturing process. The resultant solution is then used to make a medicinal, cosmetic, or food product by combining it with additional solutions or agents.

Extensive Application of the Product, Further Driving the Procurement of Aloe Vera Gel

The industry is witnessing growth as big manufacturers have started developing a wide range of products that claim to contain aloe vera gel as a significant component. Different manufacturers sell the product as a gel or in various forms, such as deodorants, lotions, lip balms, and masks, among other things. Aloe vera gel can be used to treat burns, wounds, and different types of skin irritation, and it's also found in various hair care products. Also, it is used extensively in the food and beverage sectors, in addition to skincare and cosmetics. To meet the increasing needs of health-conscious customers, several firms are developing beverages infused with aloe vera gel, boosting demand.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Aloe Vera Gel Industry Report

• Forever Living.com, L.L.C.
• Herbalife International, Inc.
• Aloecorp, Inc
• Aloe Laboratories, Inc.
• Aloe Vera of Australia Pty Ltd

Market Landscape

To strengthen their market and retain their competitive position in the competitive market, the leading players in the worldwide market focus on key market tactics such as mergers, acquisitions, collaborations, and partnerships.

Key Initiatives by Companies

• Sang Shin has been named President and CEO of Aloecorp, Inc. Mr Shin took over for Kyeong (KS) Yoon on August 1, 2021 and continued his duties.
• August 17, 2021- Forever Living Products International LLC, the world's leading grower, maker, and supplier of aloe vera products, has established continuously recognised brands and high-quality products to improve the health and wellness of its clients throughout the world for over 40 years. Year after year, the organisation has been recognised at the highest level for its unwavering pursuit of excellence. Forever Living recently received GOLD, SILVER, and BRONZE medals from the Global Green Beauty Awards and Green Parent's Natural Beauty Awards for its beauty products' quality and ethical, eco-friendly creation.