FMI maintains a positive long-term outlook on the global aloe vera extracts market, estimating global revenues to surpass US$ 3.3 Bn by 2026. Volume-wise, the global aloe vera extracts market is anticipated to expand at 7.4% CAGR through 2026. Aloe vera extracts are gaining traction as an essential ingredient in food, cosmetics and pharmaceuticals, with global volume to surpass 60,720.4 tonnes in 2016 end, representing revenues worth US$ 1.6 Bn.
The global aloe vera extracts market revenue is anticipated to expand at a CAGR of over 7.7% in terms of value and 7.4%, in terms of volume during the forecast period. Factors such as increasing trend of consumers towards healthy lifestyle, coupled with increased usage of aloe vera extracts as an ingredient by food, pharmaceutical and cosmetics industries is fuelling market growth across the globe. Currently, the major trends witnessed in the global aloe vera extracts market are: usage of aloe vera in zero sugar drinks, as well as exploring usage of new aloe vera species.
The extracts are used to formulate aloe vera based products such as powders, gels, capsules, drinks and concentrates. Aloe vera is known to alleviate skin related ailments, cardiovascular diseases, weight loss and many more. Owing to these factors, consumption of aloe vera among consumers across the world has been on the rise.
Demand for aloe vera extracts for manufacturing aloe vera gels, cosmetics products, juices, and yogurts will continue its upward momentum in 2016 as well. The all-pervasive health and wellness trend will also boost positive sentiment on aloe vera, with wide-ranging applications in low-calorie fruit juice and packaged drinking water opening up new avenues of growth.
Cosmetics, the largest end-use sector for aloe vera extracts, will account for over 45% of global demand in 2016, with annual volumes totalling 27,458.5 tonnes – an increase of 6% over 2015.
Competitive Landscape
Lily of the Desert Organic Aloeceuticals, Aloe Farms Inc., Terry Laboratories Inc., Foodchem International Corporation, Natural Aloe Costa Rica S.A., Pharmachem Laboratories Inc., Aloecorp Inc., and Aloe Laboratories Inc. are the market leaders identified across the value chain in the global aloe vera extracts landscape. The global aloe vera extracts market is highly fragmented, with the top eight players accounting for around 6–7% revenue share of the global market in 2015. Leading companies are looking to expand their production capacity and launch new product offerings in a bid to increase market share, expand customer base and achieve a competitive edge.
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Key Segments Covered
By Product Type
- Aloe Vera Gel Extracts
- Aloe Vera Whole Leaf Extracts
- Others
By Form
- Gels
- Powders
- Capsules
- Drinks
- Concentrates
By End Use Industry
- Pharmaceutical
- Food
- Cosmetics
Key Regions/Countries Covered
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia-Pacific Excluding Japan (APEJ)
- Middle East & Africa
- Japan
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Table Of Content
1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used
4. Global Aloe Vera Extracts Market Overview
5. Global Aloe Vera Extracts Market Analysis, By Product Type
6. Global Aloe Vera Extracts Market Analysis, By Form
7. Global Aloe Vera Extracts Market Analysis, By End Use Industry
8. Global Aloe Vera Extracts Market Analysis, By Region
9. North America Aloe Vera Extracts Market Analysis