In today’s hectic pace of life, people tend to follow improper dietary routine which negatively impacts their health. The detrimental results of an improper dietary schedule include various fatal diseases such as diabetes, cardiovascular disease, obesity, etc. Owing to rising incidences of such heath related risks, there is growing health concern among majority of consumers all over the world. Since conventional medicines comprise of various chemicals, which in some cases causes side effects, people are now inclining towards natural way of treatment. Rising inclination of people towards herbal and natural medicines is expected to escalate the demand of aloe-vera extract products over next few years.
Global aloe-vera extracts market is anticipated to expand at a significant compound annual growth rate (CAGR) of 7.4% over the forecast period i.e. 2015-2021.
Regionally, the global aloe vera extracts market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and Africa and Rest of the World. On a global level, Western Europe is projected to dominate the global aloe vera extracts market followed by Asia-Pacific region by the end of the forecast period i.e. 2021. In Western Europe, France aloe-vera extracts market is anticipated to behold the highest compound annual growth rate (CAGR) of 7.3% over the forecast period i.e. 2015-2021. France has one of the most sophisticated cosmetic markets in the world and is currently witnessing a growth in organic beauty care products (Organic beauty care market in Germany and France together to witness a CAGR between 9.7-10.1% till 2020), which in-turn is likely to bolster the demand of aloe- vera extract beauty products in France over next few years.
Global aloe vera extracts market is segmented on the basis of product type, form and end use industry. Based on product type, the market is sub-divided into aloe vera gel extracts, aloe vera whole leaf extracts and others. With 41.7% share aloe vera whole leaf extracts held the largest segment in 2015 followed by aloe vera gel extracts with 31.8%. Aloe vera whole leaf extracts market is further projected to witness the highest CAGR of 7.5% during the forecast period i.e. 2015-2021.
The report titled “Global Aloe Vera Extract Market Outlook 2021” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of aloe vera extracts market which includes profiling of Lily of the Desert, Aloe Farms, Terry Laboratories, Calmino Group AB etc. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Aloe Vera Extract Market Outlook 2021”, analyses the overall aloe vera extract industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in global aloe vera extract market in near future.
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