Global Aloe Vera Extract Market was valued at US$ 2.7 Bn in 2019 and is expected to reach US$ 4.9 Bn by 2026, at a CAGR of 7.73% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

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The cosmetics & personal care industry is anticipated to hold the largest share in the market during the forecast period. Increasing fashion trends and rising spending on cosmetic & personal care products are boosting the market growth. Rising e-Commerce is also expected to drive market growth in the cosmetics & personal care industry. Based on form drinks the segment is projected to hold the largest share in the market during the forecast period. Aloe Vera-based drinks have various vitamins and folic acid, which help to reduce acidifying foods from the body is fuelling the market growth.

Also, the increasing popularity of drinks with aloe vera extract among consumers is driving the market growth.
Major driving factors of the market are the growing trend of a healthy lifestyle and increasing living standards of the consumers. Growing usage of aloe vera extract in the various end-use industry such as cosmetics, pharmaceuticals, and food is expected to fuel the market growth during the forecast period. Increasing awareness regarding the health benefits of aloe vera among consumers across the globe is propelling the market growth.

The rising trend of sugar-free drinks with aloe vera extract ingredients is surging the global aloe vera extract market growth. The report provides an in-detail list of drivers and restraints in the market, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends in the market.

North America is projected to lead the market growth during the forecast period owing to the rising disposable income of consumers and increased awareness regarding health among consumers. Aloe Vera has features, which are beneficial for curing skin diseases, cardiovascular diseases, weight loss, and others that are fuelling the market growth in this region. The US is estimated to surge the aloe vera market growth during the forecast period owing to the rising usage of aloe vera extract for various medicinal purposes. Asia Pacific is expected to generate the highest CAGR during the forecast period owing to the increasing purchasing power of the middle-class population, the increasing influence of western culture, and growing concerns regarding fitness.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.

Key player’s studies, analyzed, profiled, and benchmarked in Aloe Vera Extract Market are Terry Laboratories Inc., Cady products LLC, Houssy Global, Pharmachem Laboratories Inc., and Calmino Group AB.

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Global Aloe Vera Extract Market, by Product

• Aloe Vera Whole Leaf Extract
• Aloe Vera Gel Extract
Global Aloe Vera Extract Market, by Form

• Gels
• Concentrates
• Powders
• Drinks
• Capsules
Global Aloe Vera Extract Market, by End-Use Industry

• Pharmaceutical
• Food
• Cosmetics & Personal Care
Global Aloe Vera Extract Market, by Region

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Aloe Vera Extract Market

• Terry Laboratories Inc.
• Cady products LLC
• Houssy Global
• Pharmachem Laboratories Inc.
• Calmino Group AB
• LR Health &
• Beauty Systems GmbH
• Vedova's Herbal Care Aloe Laboratories Inc.
• Pokonobe Inc.
• Lily of the Desert Organic Aloeceuticals
• Foodchem International Corporation
• Aloe Farms Inc.
• Natural Aloe Costa Rica S.A.
• Aloecorp Inc.
• Roche
• oxygenceuticals

This Report Is Submitted By : Maximize Market Research Company

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