The Latin America, Middle East and Africa Aloe Vera Drinks Market would witness market growth of 12.7% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,114.1 thousand litres, showcasing a growth of 14.3% (2023-2030).
Consumers increasingly opt for healthier, natural, and organic beverages with the rising adoption of a healthy lifestyle among all age groups. Furthermore, favorable plant-based beverages are poised to surpass high-calorie carbonated beverages in popularity among consumers, creating substantial growth prospects for the market throughout the projected timeframe. Consumers have become increasingly health-conscious, driving the demand for plant-based healthful beverages.
The market is marked by several noteworthy trends that shape its trajectory and influence consumer preferences. One prominent trend is the surge in demand for natural and plant-based beverages, driven by a growing understanding of the health benefits of consuming minimally processed and organic products. Aloe vera, a plant-derived ingredient, aligns well with this trend, positioning itself as a wholesome and health-conscious choice.
According to the US Department of Agriculture, the UAE imported $12.5 billion in consumer-oriented products in 2022, accounting for 59 percent of total Agricultural imports. With a growing affluent population, there is an increased demand for premium and imported products in the UAE. These drinks, especially those positioned as high-quality and health-focused, can appeal to consumers seeking premium beverage options. The tourism and hospitality industry in the UAE, catering to diverse international visitors, creates a demand for health-conscious beverage options. As a result, these aspects will boost the market growth in the coming years.
The Brazil market dominated the LAMEA Aloe Vera Drinks Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,952.8 Thousands by 2030. The Argentina market is showcasing a CAGR of 13.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Aloe Vera Drinks Market is Projected to reach USD 223.5 Million by 2030, at a CAGR of 10.9%
Based on Flavor, the market is segmented into Unflavored, and Flavored. Based on Type, the market is segmented into RTD Juice, Juice Concentrates, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Pharmacy, Online, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Flavor (Volume, Thousand litres, USD Million, 2019-2030)
By Type (Volume, Thousand litres, USD Million, 2019-2030)
By Distribution Channel (Volume, Thousand litres, USD Million, 2019-2030)
By Country (Volume, Thousand litres, USD Million, 2019-2030)
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