Sun, 17 Jan 2021

Market Highlights

Global Aloe Vera Derivatives Market is expected to register a CAGR of 6.4% to reach USD 4,059.63 Million by 2025.

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The demand for aloe vera derivatives is also increasing due to the growth of the application industries. Rising health consciousness around the world has resulted in a shift in consumer preference toward plant-based beverages. The growing adoption of veganism has also led to an increase in the demand for plant-based beverages. Personal care is yet another prominent industry where aloe vera derivatives are widely used owing to rising awareness regarding the side effects of several chemical ingredients in cosmetics. Consumers are shifting toward natural products that are free from synthetic ingredients.

Market Players

Market Research Future recognizes Terry Laboratories L.L.C. (US), Aloe Vera Australia (Australia), Houssy Drinks Co., Ltd (US), Stockton Aloe 1 (US), Aloe Laboratories (US), Omica Organics (US), Gift Morocco (Morocco), Shaanxi Bolin Biotechnology Co., Ltd (China), Biogenic Foods (US), and OKYALO (US) as the key players in the Global Aloe Vera Derivatives Market.

Segmental Analysis

Global Aloe Vera Derivatives Market has been segmented on the basis of type, category, application, and region.

By type, the market has been divided into powder, gel, and others. The gel segment accounted for the largest market share in 2020. After removing pulp and fiber from the aloe vera leaf, the remaining material is heated, and necessary preservatives are added to produce gel, which is used in various industries. In personal care, it is applicable in shampoos and conditioners, skin cleansers, moisturizers, lotions, sun care products, and styling and sculpting gels. However, the powder segment is expected to be the fastest growing during the forecast period as aloe vera powder is an active ingredient in several cosmetic formulations.

Regional Analysis

Geographically, the global aloe vera derivatives market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Europe dominated the market, accounting for the largest market share in 2020. The North American market accounted for the second-largest market share in 2020. However, the market in Asia-Pacific is expected to register the highest CAGR of 6.7% during the assessment period.

Key Findings of the Study

The Global Aloe Vera Derivatives Market is expected to register a growth rate of 4% from 2019 to 2025. The increased demand for natural products is a major driving factor for the growth of the market.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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Contact Information:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune - 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com

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