Aloe Vera Extract Market, By Product (Aloe Vera Gel Extracts, Aloe Vera Whole Leaf Extracts), By Form (Gels, Drinks, Powders, Capsules, and Concentrates), By End User (Pharmaceuticals, Food, and Cosmetic), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Aloe Vera Extract Market was valued at USD 2.9 billion in 2024 and is projected to grow at a CAGR of 8.5% to reach USD 6.1 billion by 2034.

Aloe vera, a plant that resembles a cactus, has been used for generations as medicine to treat burns, wounds, rashes, sunburns, and other skin ailments. Some people believe that aloe vera when taken internally, can treat hyperglycemia (high blood sugar), heartburn, and constipation in addition to its exterior applications. Aloe vera is extensively accessible in the form of distilled juice, dietary supplements, and components of skin ointments, body lotions, and face creams.

Growing demand for natural and organic cosmetics, including aloe vera extracts, has been driven by growing awareness of the medical use of aloe Vera in the treatment of diabetes, skin conditions, etc. Aloe Vera leaves or gel is also used as an immediate treatment for a variety of burn conditions, including sunburns, chemical burns, and fire burns. Additionally, rising hospital adoption of aloe vera products is another factor predicted to fuel the global market's expansion in the years to come.

Additionally, the fact that aloe vera is a common ingredient in cosmetic items including moisturizer, soap, lipsticks, skin tanning cream, and stretch mark cream could be another reason for the market's anticipated rapid expansion. Due to the medical benefits of aloe vera extract in treating a wide range of illnesses, its use has become more and more popular in recent years. Additionally, the market has grown significantly as a result of favorable regulatory authorities' recommendations.

The long-term usage of aloe vera is discouraged by researchers. When applied topically, aloe vera gel may be safe for sunburns if it doesn't contain aloin, a component from the plant that has been linked to colon cancer in rats. It is not recommended for youngsters or nursing mothers to take aloe vera supplements orally due to the lack of safety data. The above-given factors might impede the target market growth over the forecast period.

Aloe Vera Extract Market Drivers:

Widespread popularity and acceptance of natural cosmetic products  

• The growing popularity of natural and organic cosmetics is expected to propel expansion in the aloe vera extract market. Aloe vera extract is becoming a staple element in cosmetics due to the growing demand for organic products, which are made without synthetic chemicals and follow organic farming methods.
• For instance, in January 2024, according to a report by the Centre for the Promotion of Imports from Developing Countries (CBI), the perceived advantages of natural and organic cosmetics are becoming more widely known to consumers, and major retail outlets are stocking these items more frequently. Priority should always be given to ensuring that a product has no detrimental effects on the environment. Growing interest in wellness and health, where natural cosmetics and their contents play a significant role, is driving the European cosmetics sector. Europe accounted for 43% of the value of vegetable and essential oil imports worldwide in 2022, a significant amount more than imports from Asia and the United States. Therefore, the European market has excellent prospects for providers of natural components for cosmetics.

Rising usage of such extracts in the treatment of health conditions 

• Aloe Vera extracts are extensively used to treat a wide range of medical conditions, including cancer, gum disease, hair loss, and skin disorders. The market is growing because of the rising prevalence of these health problems brought on by increased pollution and a busy lifestyle. Given that many diabetic patients are turning to herbal extracts as part of their treatment regimen, rising diabetes cases are also anticipated to create new opportunities for the business.

Aloe Vera Extract Market Restrains:

Side effects associated with excessive usage of aloe vera extracts

• Aloe vera gel may cause skin irritation. Gastrointestinal cramps and diarrhea might result from oral aloe vera's laxative effects. If aloe vera is consumed for longer than a few days, this may lead to electrolyte abnormalities in the blood. Aloe vera taken in large amounts might be harmful. If the individual has hemorrhoids, diabetes, heart disease, kidney issues, digestive issues, or electrolyte imbalances, it is recommended to avoid taking oral aloe vera.

Aloe Vera Extract Market is segmented based on product, form, end user, and region.

Product Insights

• Aloe Vera Gel Extracts: Aloe vera gel designates the transparent, viscous mucilage found inside parenchyma cells, while it can also be used to refer to the entire, intact, fleshy interior of the leaf or pulp. The main component of the mucilage gel is polysaccharides dissolved in water (>98%), but it also includes other substances like enzymes, minerals, and organic acids.
• Aloe Vera Whole Leaf Extracts: Aloe vera whole leaf extract describes the substance that is produced by grinding the entire leaf, including the pulp, vascular bundles, and rind, and then filtering it through charcoal to extract the anthraquinones like aloin.

Form Insights

• Gels: Aloe vera in a gel form is a processed leaf pulp made from aloe vera's parenchymal tissue (Liliaceae). Aloe vera gel has a variety of vitamins, vital amino acids, and carbohydrate polymers such as glucomannans and pectic acid, among other organic and inorganic substances. This medication has been applied topically or topically to treat sunburn, skin issues, bug bites, ulcers, arthritis, and constipation, and boost immunity.
• Drinks: Aloe vera juice or drinks are abundant in antioxidants, which aid in the battle against free radicals. This lessens the oxidative stress that your body experiences and lowers your chance of developing long-term illnesses including cancer, heart disease, and diabetes. High quantities of magnesium, an essential mineral for the function of the nerves and muscles, can be found in aloe vera juice. More than 300 distinct enzyme activities, including those that control blood pressure, are aided by magnesium in the body. It also aids in heart rhythm regulation.
• Powders: Aloe vera powder is made by grinding the aloe plant liquid, whether it is the juice from the inner leaf or the leaf as a whole. Aloe vera powder is made primarily by freeze- or spray-drying techniques. Heat is used in spray drying to remove the water from the aloe liquid, leaving the dissolved particles behind. In freeze drying, the water content is evaporated using a cold vacuum rather than heat. Shakes, smoothies, and other drinks frequently contain aloe vera powder, which is used as a dietary supplement. To counteract oiliness, it can also be found in several dry cosmetic products. All things considered; it is applied internally rather than externally like aloe vera gel.
• Capsules: Capsules form provides concentrated aloe vera extract to achieve specific health goals. It is portable and simple to take with the user wherever they go. In contrast to liquid forms, it offers precise dosage management. In addition, its shelf life is longer than that of certain other types.
• Concentrates: Under a vacuum, aloe juice can be condensed without losing its biological function. Because higher temperatures and vacuums will reduce the efficiency of the bioactive ingredients, the concentration operation must be carried out under a 125 mm Hg vacuum at a temperature below 50 °C and for no more than two minutes. Aloe vera concentrate is concentrated to get the right viscosity for a variety of culinary applications, such as jam, jellies, and squash. Aloe vera concentrate can also be combined with juice, tea, or water.

End User Insights

• Pharmaceuticals: Throughout the projection period, the pharmaceutical industry is anticipated to increase at a rapid rate. Product demand in the market is being driven by an increase in the usage of herbal products to treat a variety of illnesses, including diabetes.
• Food: In recognition of its use in the food sector, aloe vera gel, which is made from the plant's leaf pulp, has grown tremendously in popularity across the globe. Particularly in the making of health drinks, it is used in functional foods. Additionally, it's a component of milk, ice cream, confections, and other food products. Additionally, several goods use aloe vera gel as a flavoring and preservation.
• Cosmetic: The cosmetic industry is predicted to hold the largest share of the aloe vera extracts market by the end of the forecast period due to the benefits of aloe vera for skin care. The market is growing as a result of an increase in the usage of herbal extracts in cosmetics, such as body, hair, and skincare products. Additionally, the demand in this market is being driven by customer preferences for organic and herbal products.

Regional Insights:

Aloe Vera Extract Market Regional Insights

• North America market is estimated to witness tremendous growth owing to increasing goods manufacturers, particularly in the United States. The regional market is being driven by rising product usage for the treatment of diabetes, cancer, and other conditions.
• Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period as a result of growing knowledge about the advantages of aloe vera extract. Owing to the region's expanding demand in the pharmaceutical and cosmetics industries, nations like China and India are dominating the industry. The market is increasing even more as a result of the functional food industry's steady expansion. There is also a need to expand the aloe vera extract market in the Asia-Pacific area due to factors like rising expenditure on functional foods, cosmetics, and personal care items.  
• The Europe market is expanding steadily and is anticipated to have substantial growth, making it another one of the promising markets. Demand is anticipated to increase as people become more aware of the possible health advantages of aloe vera products. Additionally, the industry will expand due to customer preferences for herbal and natural cosmetics.
• Latin America market is an emerging region and is anticipated to increase significantly as a result of the expanding middle-class population, which has an increased ability to spend and is becoming more conscious of wellness and health trends.
• Middle East & Africa market is in its developmental stages due to growth in infrastructure and regulatory adjustments which would speed up market expansion in this area in the near future.

Aloe Vera Extract Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Aloe Vera Extract Market report based on product, form, end user, and region:

Aloe Vera Extract Market, By Product:

• Aloe Vera Gel Extracts
• Aloe Vera Whole Leaf Extracts

Aloe Vera Extract Market, By Form:

• Gels
• Drinks
• Powders
• Capsules
• Concentrates

Aloe Vera Extract Market, By End User:

• Pharmaceuticals
• Food
• Cosmetic

Aloe Vera Extract Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Aloe Vera Extract Market includes Terry Laboratories Inc., Aloe Laboratories, Inc., Pokonobe, Inc., Aloe Farms, Inc., Natural Aloe Costa Rica S.A., Aloecorp, Inc., Cady products LLC, Houssy Global, Pharmachem Laboratories Inc., and Aloe Queen Inc.

• In September 2023, a new aloe vera drink with a vegan, sugar-free, and gluten-free recipe that uses real aloe gel for a distinctive texture was released by Kelly Loves, a brand under the KellyDeli Group of Companies in Europe. This drink has a pineapple flavor. This drink, which has a lemony and slightly bitter flavor, is in line with ancient Asian medicines and Korean culture's affinity for aloe vera. In the aloe vera extract market, companies are strategically attempting to adapt to changing consumer tastes by diversifying their product offerings, which is shown in this innovation.
• In July 2022, Organic Harvest, a company that specializes in organic personal care and beauty products, introduced a new line of organic aloe vera gel that comes in four different varieties.

• Terry Laboratories Inc.
• Aloe Laboratories, Inc.
• Pokonobe, Inc.
• Aloe Farms, Inc.
• Natural Aloe Costa Rica S.A.
• Aloecorp, Inc.
• Cady products LLC
• Houssy Global
• Pharmachem Laboratories Inc.
• Aloe Queen Inc.