Global Aloe Vera Gel Market Size, Share, and COVID-19 Impact Analysis, By Nature (Conventional and Organic) By End-Use (Cosmetic and Personal Care Industry, Food and Beverages Industry, and Pharmaceutical Industry), By Distribution Channel (Institutional Sales, Supermarkets and Hypermarkets, Speciality Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Aloe Vera Gel Market Insights Forecasts to 2033

• The Global Aloe Vera Gel Market Size was Estimated at USD 309.3 Billion in 2023.
• The Market Size is Expected to Grow at a CAGR of around 6.91% from 2023 to 2033
• The Worldwide Aloe Vera Gel Market Size is Expected to Reach USD 603.1 Billion by 2033.
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The global aloe vera gel market size was worth around USD 309.3 Billion in 2023 and is predicted to grow to around USD 603.1 Billion by 2033 with a compound annual growth rate (CAGR) of 6.91% between 2023 and 2033. The aloe vera gel market is slowly expanding because individuals are becoming more aware of their environment and health status, alongside their spending patterns. The majority of existing customers, particularly the millennials and younger generation, Gen Z, are cautious regarding the synthetic chemicals that are incorporated into ordinary personal care products, in addition to the food that they consume.

Market Overview

The aloe vera is one of the leading ingredients in the global health and wellness industry, with a variety of products spanning skincare, haircare, dietary supplements, and beverages. They are a major contributor to the personal care, healthcare, and functional food and beverage industries globally. Also, the growth in the market is largely fueled by growing consumer awareness about natural and organic products, combined with the broadening applications of aloe vera in pharmaceutical and cosmetic applications. As consumers look for plant-based, chemical-free solutions, the market for aloe vera products continues to grow, shaping industry trends and brand initiatives. Furthermore, sustainability and ethical sourcing are key drivers of consumer choice. Eco-friendly farming practices, organic certification, and transparent supply chains are being adopted by many brands to appeal to consumers who are concerned about the environment and their health. Moreover, aloe vera is one of the most popular natural products in personal care and well-being marketplaces, after essential oils and herbal extracts. Its ongoing innovation and expanding uses in cosmetics, food, and pharmaceuticals guarantee steady market expansion.

Report Coverage

This research report categorizes the aloe vera gel market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the aloe vera gel market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the aloe vera gel market.  

Driving Factors

The market for aloe vera gel is growing strongly, powered by a combination of factors across the board. To begin with, the surging consumer interest in natural and organic products greatly drives the market. In the health and wellness, beauty, and personal care spaces, aloe vera gel is being sought out more and more for its natural, anti-inflammatory, moisturizing, and healing qualities. This trend is further increased by the undesirable effects caused due to synthetic chemicals used in beauty products, prompting consumers to adopt natural ones such as aloe vera gel.

Restraining Factors

The long-term intake of aloe vera is occasionally regarded as harmful to health. It has a latex-like compound that, if taken in excess, causes numerous health problems such as heart conditions, kidney issues, muscle weakness, weight loss, low potassium levels, diarrhea, and blood in the urine and thus the demand for aloe vera falls. Issues related to excessive intake of aloe vera hamper the growth of the market.

Market Segmentation

The Aloe Vera Gel Market share is classified into nature, end-use, and distribution channel.

• The conventional segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the nature, the global aloe vera gel market is categorized into conventional and organic. Among these, the conventional segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. This category includes aloe vera gel products that are grown and processed under traditional farming methods, which could include the application of synthetic pesticides and fertilizers. Traditional aloe vera gel is generally more readily available and, in certain instances, cheaper than its organic equivalent. One of the main benefits of traditional aloe vera gel is its affordability. Its low cost makes it available to a larger consumer demographic, particularly to price-sensitive individuals and mass-market cosmetic and pharmaceutical companies. Conventional aloe vera gel also continues to possess many of the natural advantages of aloe vera and remains a preferred ingredient in skincare, cosmetics, and dietary supplements.

• The cosmetic and personal care industry segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end use, the global aloe vera gel market is categorized into cosmetic and personal care industry, food and beverages industry, and pharmaceutical industry. Among these, the cosmetic and personal care industry segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Aloe vera gel has become a leading ingredient in the cosmetic and personal care market, especially in beauty and skincare products. Its soothing and natural nature makes it a perfect fit for use in skincare. Aloe vera gel is commonly used in products like moisturizers, face masks, serums, and sunscreens.

• The institutional sales segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the global aloe vera gel market is categorized into institutional sales, supermarkets and hypermarkets, specialty stores, online, and others. Among these, the institutional sales segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Institutional sales of aloe vera gel usually entail selling products to different institutions, such as hospitals, healthcare centers, and hotels. Aloe vera gel is embraced for its calming nature, and it is a popular option for application in medical facilities to heal minor burns, wounds, and skin irritations. It is also used in the hotel industry for its use in skincare amenities offered to customers. The quality and reliability provided by institutional sales contribute significantly to providing a steady supply of aloe vera gel products to these organizations. With ongoing growth in the healthcare and hospitality industries, institutional sales of aloe vera gel are likely to continue at the same level.

Regional Segment Analysis of the Global Aloe Vera Gel Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the aloe vera gel market over the predicted timeframe.

North America is anticipated to hold the largest share of the aloe vera gel market over the predicted timeframe. This is because the major market participants of the aloe vera gel industry are geographically located in the North American region, sales of aloe vera gel are expected to grow during the forecast period. The United States has been a major supplier of raw material aloe vera gel as well as the end product.

Asia pacific is expected to grow at the fastest CAGR in the aloe vera gel market during the forecast period. The Asia Pacific market leads the global aloe vera market, with its large-scale pharmaceutical and cosmetics industries. The region would hold approximately 38% of global aloe vera market revenue. This dominance is mainly because of the large customer base in India and China, which are nations with large populations and rapidly growing economies. In India, the cosmetics industry is leveraging the properties of aloe vera.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the aloe vera gel market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Forever Living Products Inc
• Aloecorp Inc.
• Terry Laboratories, Inc.
• Herbalife International Inc.
• Aloe Laboratories, Inc.
• Aloe Queen, Inc.
• Foodchem International Corporation
• Lily of the Desert
• Pharmachem Laboratories Inc.
• Nature’s Essence Pvt. Ltd.
• Aloe Farms, Inc.
• Forever Living Products International, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In April 2024, Ichimaru Pharcos introduced Fermentage ALOEVERA, a cosmetic ingredient for YURAGI skin, seasonal disturbances that struck more than 50% of Japanese women. It was formulated from fermented organic aloe vera and assisted in restoring moisture and stability during environmental changes.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the aloe vera gel market based on the below-mentioned segments: 

Global Aloe Vera Gel Market, By Nature

• Conventional
• Organic

Global Aloe Vera Gel Market, By End-Use

• Cosmetic and Personal Care Industry
• Food and Beverages Industry
• Pharmaceutical Industry

Global Aloe Vera Gel Market, By Distribution Channel

• Institutional Sales
• Supermarkets and Hypermarkets
• Specialty Stores
• Online
• Others

Global Aloe Vera Gel Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa