The Aloe Vera Extract Global Market Report 2023, provides comprehensive information on the aloe vera extract market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Aloe Vera Extract Global Market Report 2023, the market is expected to grow from $2.40 billion in 2022 to $2.62 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aloe vera extract market is expected to reach $3.65 billion in 2027 at a CAGR of 8.6%.
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Product approvals are the key trend gaining popularity in the aloe vera extract market. Major companies operating in the aloe vera extract market are developing innovative products and getting approvals to strengthen their position in the market. For instance, in September 2021, Desert Harvest, a US-based developer and distributor of pharmaceutical and nutritional products made from aloe vera extract, obtained approval from the U.S. Food and Drug Administration (FDA), a US-based federal agency, for the use of its super-strength Aloe Vera Capsules for the treatment of interstitial cystitis, also known as IC, a severe chronic bladder illness that affects up to 12 million men and women. The capsules help relieve bladder pain, urinary frequency, and urgency and reduce inflammation. Desert Harvest’s product is the first FDA-approved IC treatment alternative to pentosan polysulfate sodium (Elmiron) and the first prescription IC medication not produced by a pharmaceutical business. Additionally, super-strong aloe vera capsules are made with 100% organically grown aloe vera and contain 600 mg of aloe vera per capsule.
The aloe vera extract market is segmented:
1) By Product Form: Liquid, Gel, Powder, Other Product Forms
2) By Distribution Channel: Offline, Online
3) By Application: Functional Food, Cosmetics, Pharmaceuticals, Beverages, Other Application Types
Asia-Pacific was the largest region in the aloe vera extract market in 2022.
The table of contents in TBRC’s aloe vera extract market report includes:
1. Executive Summary
2. Aloe Vera Extract Market Characteristics
3. Aloe Vera Extract Market Trends And Strategies
4. Aloe Vera Extract Market – Macro Economic Scenario
5. Impact Of High Inflation On Online Therapy Services Market
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32. Global Aloe Vera Extract Market Competitive Benchmarking
33. Global Aloe Vera Extract Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Aloe Vera Extract Market
35. Aloe Vera Extract Market Future Outlook and Potential Analysis
36. Appendix
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