The Global Aloe Vera Juice Market size is expected to reach $20.8 billion by 2031, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 914.5 Kilo tonnes, experiencing a growth of 10.4% (2020-2023).
The Europe region has witnessed an increased focus on health and wellness trends, driving the demand for natural and functional beverages like aloe vera juice. Thus, the Europe market captured 37.3% revenue share in the market 2023. The agri-food sector in the United Kingdom has experienced growth in recent years, driven by various factors, including technological advancements, changing consumer preferences, government initiatives, and global trade dynamics.
Aloe vera juice is often praised for its potential skincare benefits. The juice may promote healthy skin when applied topically or orally; it does so by internally hydrating and moisturizing, reducing inflammation, and soothing irritation. This may promote wound healing and alleviate the symptoms of skin conditions like psoriasis and eczema, according to some studies.
Additionally, there is a significant surge in the number of online consumers. The ITA reports that as of 2021, thirty million individuals in Spain were engaged in electronic commerce (e-commerce). eCommerce penetration was estimated at 63%, and internet penetration at 83% in 2021. By 2025, there will be 37 million eCommerce users, a 25% increase. Therefore, the rapid expansion of distribution channels will aid in the development of the market.
However, Aloe vera juice is known for its distinctive taste and texture, which some consumers may find unpalatable or unpleasant. It often has a slightly bitter taste due to the presence of natural compounds like aloin and anthraquinones found in the inner gel of the aloe vera plant. Thus, without positive consumer experiences, the market for it may struggle to expand.
Drivers 
Restraints 
Opportunities 
Challenges On the basis of flavor type, the market is classified into flavored and unflavored. The flavored segment recorded 23.8% growth rate in the market in 2023. This segment provides consumers with a wider variety of options, allowing them to select flavors that best suit their taste preferences and dietary needs.
Based on distribution channel, the market is characterized into hypermarkets & supermarkets, departmental stores, online retail, and medical stores. The hypermarkets & supermarkets segment garnered 36.4% revenue share in the market in 2023. Hypermarkets and supermarkets serve as important channels for its manufacturers to reach a wide audience of consumers and expand their market presence.
By application, the market is fragmented into food & beverage products, cosmetics, medicine, and others. The food & beverage products segment procured 41.8% revenue share in the market in 2023. In terms of volume, the food and beverage products segment attained volume of 397.5 kilo tonnes in the market 2023.
Free Valuable Insights: Global Aloe Vera Juice Market size to reach USD 20.8 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region held 27.2% revenue share in the market in 2023. Demand for juice in the Asia Pacific region has steadily increased in recent years.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 12.8 Billion |
| Market size forecast in 2031 | USD 20.8 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 6.4% from 2024 to 2031 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 318 |
| Number of Tables | 710 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Flavor Type, Distribution Channel, Application, Region |
| Country scope |
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| Companies Included | ALO Drink (SPI West Port Group), Lily of the Desert, OKF Corporation, Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG), Herbalife nutrition Ltd., Aloe Farms, Inc., NOW Health Group, Inc., Terry Laboratories Inc., Dynamic Health Laboratories, Inc., Forever Living Imports (India) Pvt. Ltd. |
By Flavor Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
The Market size is projected to reach USD 20.8 billion by 2031.
Rapid expansion of distribution channels are driving the Market in coming years, however, Competition from alternative beverages and brands restraints the growth of the Market.
ALO Drink (SPI West Port Group), Lily of the Desert, OKF Corporation, Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG), Herbalife nutrition Ltd., Aloe Farms, Inc., NOW Health Group, Inc., Terry Laboratories Inc., Dynamic Health Laboratories, Inc., Forever Living Imports (India) Pvt. Ltd.
In the year 2023, the market attained a volume of 914.5 Kilo tonnes, experiencing a growth of 10.4% (2020-2023).
The Unflavored segment is leading the Market by Flavor Type in 2023; thereby, achieving a market value of $15.5 billion by 2031.
The Europe market dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7.5 billion by 2031.
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