Aloe Vera Juice Market

Global Aloe Vera Juice Market Size, Share & Trends Analysis Report By Flavor Type (Unflavored and Flavored), By Distribution Channel, By Application (Food & Beverage Products, Cosmetics, Medicine and Others), By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-21919 Publication Date: April-2024 Number of Pages: 318
2023
USD 12.8 Billion
2031
USD 20.8 Billion
CAGR
6.4%
Historical Data
2020 to 2022

“Global Aloe Vera Juice Market to reach a market value of USD 20.8 Billion by 2031 growing at a CAGR of 6.4%”

Analysis of Market Size & Trends

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 Market Size - Global Opportunities and Trends Analysis Report 2020-2031

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.

Driving and Restraining Factors
Aloe Vera Juice Market
  • Increasing trend of health and wellness
  • Expansion of the food and beverage industry
  • Rapid expansion of distribution channels
  • Unpalatable or unpleasant taste and texture
  • Competition from alternative beverages and brands
  • Shift towards natural and plant-based products
  • Growing influence of social media and digital marketing
  • Effect of high costs of purchase
  • Perception of aloe vera juice as a niche or specialty

By Flavor Type Analysis

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.

By Distribution Channel Analysis

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.

Aloe Vera Juice Market Share and Industry Analysis Report 2023

By Application Analysis

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

By Regional Analysis

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.

Aloe Vera Juice Market Report Coverage
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
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
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.
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List of Key Companies Profiled

  • 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.

Aloe Vera Juice Market Report Segmentation

By Flavor Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Unflavored
  • Flavored

By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Hypermarkets & Supermarkets
  • Medical Stores
  • Departmental Stores
  • Online Retail

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • Food & Beverage Products
  • Cosmetics
  • Medicine
  • Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

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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