Aloe Vera Gel is widely used for its healing and restorative properties. It belongs to the Liliaceae family and has thick green leaves which contain gel and latex. The gel consists primarily of water and the rest includes various vitamins, amino acids, enzymes, hormones, minerals, and sugars, most of which are found in the human body.
Aloe Vera gel is widely used in the food industry, cosmetic and toiletries industry, and the pharmaceutical industry. According to IMARC Group, the global aloe vera gel market was worth US$ 507.2 Million in 2017, growing at a CAGR of around 11% during 2010-2017. The market has been growing steadily over the last decade driven by varied and increasing usage of Aloe Vera gel in food, healthcare and cosmetic industries.
Aloe Vera Gel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 provides a comprehensive analysis of the global Aloe Vera gel market. The study segments the market on the basis of three key application areas of Aloe Vera gel in the cosmetics, food, and healthcare industries. The healthcare and cosmetics sectors are currently the two biggest drivers of Aloe Vera gel consumption. Region-wise, Thailand was the biggest producer of Aloe Vera gel accounting for around a third of the total global production. Other leading producers in the North and South American region include Mexico, Dominican Republic, United States, and Costa Rica. The report also analyses some of the key players of the Aloe Vera gel market. Forever Living Products is currently the largest producer of Aloe Vera products in the world. Other major players include Herbalife (USA), Aloecorp (China), Aloe Laboratories (USA) and Aloe Vera Australia (Australia).
The report gives a detailed roadmap for starting an Aloe Vera gel manufacturing plant. The study, done by one of the leading research and advisory firms, covers all the requisite aspects of the global Aloe Vera gel market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the Aloe Vera gel market in any manner.
Category: Food and Agriculture Market Research
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