Aloe Vera gel is obtained from the leaf of the Aloe Vera plant and is known to provide numerous health benefits. Traditionally being used as a topical treatment for small burns, it is now gaining popularity as a superfood and a medicinal product. This is a result of the numerous vitamins, amino acids, sugars, enzymes, hormones and minerals present in Aloe Vera gel which are important for human health. According to IMARC Group, the global market for Aloe Vera gel as a raw product reached a value of US$ 425 Million in 2015, exhibiting a CAGR of nearly 11% during 2008-2015.

Health benefits of Aloe Vera gel driving its market

Aloe Vera gel has been used in India, China, Egypt, etc. since ages as a medicine for various health ailments. In order to validate the health benefits offered by Aloe Vera gel, a number of scientific studies are being undertaken by several institutes. Aloe Vera gel’s effectiveness in maintaining a good oral health, lowering LDL and increasing HDL levels, maintaining blood sugar levels in patients with type-2 diabetes, treating psoriasis and alleviating depression has been proven so far. As a result of these validations, Aloe Vera gel has been accepted as an ingredient in various food and beverages, cosmetics and healthcare products. These studies have also increased consumer awareness and confidence regarding the use of Aloe Vera products. As a result of this, the global aloe vera gel market is expected to grow at a CAGR of nearly 9% during 2016-2021 reaching a value of US$ 707 Million by 2021.

Healthcare and cosmetics: the fastest growing end-users

As a result of its nutrient density, Aloe Vera gel has numerous applications in a variety of industries. The three major end-use industries of Aloe Vera gel include – food, cosmetics and healthcare. In the food industry, it is used in drinks, teas and instant drink powders. In the cosmetics and toiletries industry, it is used in eyeliners, sunblock creams and lotions, and hair care products such as shampoos, conditioners, tonics, dressings, etc. In the healthcare industry, it is used in pharmaceutical products, tonics, tablets, capsules, salves, supplements and juices. The cosmetics and healthcare industries currently represent the fastest growing end-users as a result of the growing consumer confidence regarding Aloe Vera based products.

Thailand represents the largest producer

Currently, Thailand represents the largest producer of Aloe Vera followed by Mexico, Dominican Republic, US and Costa Rica. On the basis of consumption, Asia represents the largest consumer of Aloe Vera.

Forever Living Products currently represents the largest producer of Aloe Vera products. Other key players operating in this market include – Herbalife, Aloecorp, Aloe Laboratories and Aloe Vera Australia.

Browse latest pressrelease: Driven by Therapeutic Advantages, Global Aloe Vera Gel Market Expected to Grow at 8.7% during 2016-2021

About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the Aloe Vera gel industry, which has enabled the clients to successfully set up and expand their businesses. Some of the company’s offerings include:

Market Research

Plant setup

Plant Expansion

Marketing and sales

Procurement and Distribution

Innovation and Product Development

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