Business

Aloe Vera Product Market Is Expected To Reach US$ 2.7 Bn by 2025

According to a new market research report published by Acute Market Reports, Inc. “Aloe Vera Product Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global market for aloe vera product was valued at US$ 1.6 billion in 2016 and is expected to reach US$ 2.7 billion by 2025, increasing to CAGR by 6.2 per cent from 2017 to 2025.

Market Insights

Aloe vera has about 420 species of aloe; the botanical name of aloe vera is “aloe barbadensis miller.” The aloe vera plant is about one or two feet tall, with pale and bitter leaves that guard it to keep animals and insects away from feeding. Aloe vera has a luminous gel containing about 96 percent water, some organic and inorganic compounds, a protein type containing 18 of the 20 amino acids found in the body, and vitamins A, B, C and E. Aloe Vera herbal plant contains antiviral and antibacterial properties and is used to treat everything from constipation to diabetes. It’s the core of a various large industry that have expanded their business from beauty creams to healthy juices and diet supplements.

Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/aloe-vera-product-market

Aloe gel is used to treat intestinal diseases, osteoarthritis, fever, itching and inflammation. It is used as a natural remedy for stomach ulcers, diabetes, asthma and for the soothing side effects of heat treatment. Aloe also helps improve the immune system. Various research studies are underway to discover the potential of the components to boost immunity and fight HIV and to treat certain types of cancer. The juice helps to heal and soothe indigestion, stomach distress and ulcers.

Improving lifestyles due to an increase in economic factors and increasing awareness of aloe vera, mainly in Asia Pacific, is leading to an increase in the market for aloe vera in the region. Increased demand for aloe vera comes mainly from Asia Pacific, which in turn will drive the market size of aloe vera in the forecast period. The growth of the industry is driven by the increasing use of natural products in the cosmetics sector. Strong growth in North America & Europe is due to a growing consumer awareness of the many health benefits associated with it. Latin America and the Middle East and Africa are likely to show a slow growth rate.

Some of the major companies operating in the market include Aloe Farms, Inc., Aloe Laboratories, Inc., Aloecorp, Inc., Foodchem International Cooperation, Herbalife, Lily of the Desert Organic Aloeceuticals, Natural Aloe Costa Rica S.A., Pharmachem Laboratories, Inc., Terry Laboratories, Inc.

Report Scope by Segments

By Product Type