The Latin America, Middle East and Africa Aloe Vera Extract Market would witness market growth of 10.9% CAGR during the forecast period (2023-2030).
Aloe vera is a succulent plant from the Arabian Peninsula that is a member of the lily family. Due to its medicinal characteristics, it has been used for millennia to treat various ailments and diseases. Aloe vera is also frequently used in the pharmaceutical, cosmetic, and food and beverage sectors. In addition, several phytosterols, polyphenols, alkanes, fatty acids, indoles, alkaloids, pyrimidines, aldehydes, ketones, alcohols, organic acids, and dicarboxylic acids have all been identified in aloe vera leaves.
Consumer appetite for natural and organic cosmetics, including aloe Vera extracts, has grown as people are becoming more aware of the medical use of aloe Vera in treating conditions including diabetes and skin problems. In order to acquire a competitive edge over rivals and increase their footprint, most businesses are spending money on R&D and releasing creative goods. The rising usage of aloe Vera extracts in sugar-free beverages is now one of the biggest industry trends, which will broaden the product's potential applications.
The South American nutraceuticals business is still in its early stage. The region, on the other hand, has much potential and can grow at a faster rate in the coming years. This industry is rapidly developing, with conditions ripe for explosive expansion in the following years. The growing market for these nutraceutical products in the Middle East and Africa is primarily due to a trend toward preventative therapies, a favorable price environment, increasing family income, development in the pharma retail chain, knowledge of the fashion industry, and increased healthcare spending. This would lead to the growth of the Market during the forecast period.
The Brazil market dominated the LAMEA Aloe Vera Extract Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $79.3 million by 2030. The Argentina market is estimated to grow a CAGR of 11.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.6% during (2023 - 2030).
Based on Application, the market is segmented into Cosmetics, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product, the market is segmented into Liquid, Gels, Powder, and Capsule or Tablet. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Aloe Vera Extract Market is Projected to reach USD 4.2 Billion by 2030, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aloecorp Inc., Terry Laboratories Inc., F. Hoffmann-La Roche Ltd., Aloe Farms, Inc., Ashland, Inc. (Pharmachem Laboratories Inc.), Lily of the Desert, Aloe Laboratories, Inc., Foodchem International Corporation, Natural Aloe Costa Rica and Calmino Group AB.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Cosmetics
- Pharmaceuticals
- Others
By Distribution Channel
By Product
- Liquid
- Gels
- Powder
- Capsule or Tablet
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Aloecorp Inc.
- Terry Laboratories Inc.
- F. Hoffmann-La Roche Ltd.
- Aloe Farms, Inc.
- Ashland, Inc. (Pharmachem Laboratories Inc.)
- Lily of the Desert
- Aloe Laboratories, Inc.
- Foodchem International Corporation
- Natural Aloe Costa Rica
- Calmino Group AB
TABLE 1 LAMEA Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 4 LAMEA Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 5 LAMEA Cosmetics Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Cosmetics Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 12 LAMEA Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 13 LAMEA Offline Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Offline Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Online Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Online Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 18 LAMEA Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 19 LAMEA Liquid Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Liquid Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Gels Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Gels Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Powder Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Powder Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Capsule or Tablet Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Capsule or Tablet Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Aloe Vera Extract Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Aloe Vera Extract Market by Country, 2023 - 2030, USD Million
TABLE 29 Brazil Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 30 Brazil Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 31 Brazil Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 32 Brazil Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 33 Brazil Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 34 Brazil Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 35 Brazil Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 36 Brazil Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 37 Argentina Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 38 Argentina Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 39 Argentina Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 40 Argentina Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 41 Argentina Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 42 Argentina Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 43 Argentina Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 44 Argentina Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 45 UAE Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 46 UAE Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 47 UAE Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 48 UAE Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 49 UAE Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 UAE Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 51 UAE Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 52 UAE Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 53 Saudi Arabia Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 55 Saudi Arabia Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 56 Saudi Arabia Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 57 Saudi Arabia Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 58 Saudi Arabia Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 59 Saudi Arabia Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 60 Saudi Arabia Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 61 South Africa Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 62 South Africa Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 63 South Africa Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 64 South Africa Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 65 South Africa Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 66 South Africa Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 67 South Africa Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 68 South Africa Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 69 Nigeria Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 70 Nigeria Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 71 Nigeria Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 72 Nigeria Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 73 Nigeria Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 74 Nigeria Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 75 Nigeria Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 76 Nigeria Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 77 Rest of LAMEA Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 79 Rest of LAMEA Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 80 Rest of LAMEA Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 81 Rest of LAMEA Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 82 Rest of LAMEA Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 83 Rest of LAMEA Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 84 Rest of LAMEA Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 85 Key Information – Aloecorp Inc.
TABLE 86 Key Information – Terry Laboratories Inc.
TABLE 87 Key Inforamation – F. Hoffmann-La Roche Ltd.
TABLE 88 Key Information – Aloe Farms, Inc.
TABLE 89 Key Information – Ashland, Inc.
TABLE 90 Key Information – Lily of the Desert
TABLE 91 Key Information – Aloe Laboratories, Inc.
TABLE 92 Key Information – Foodchem International Corporation
TABLE 93 Key Information – Natural Aloe Costa Rica
TABLE 94 Key Information – Calmino Group AB
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Aloe Vera Extract Market share by Application, 2022
FIG 3 LAMEA Aloe Vera Extract Market shareby Application, 2030
FIG 4 LAMEA Aloe Vera Extract Market by Application, 2019 - 2030, USD Million
FIG 5 LAMEA Aloe Vera Extract Market shareby Distribution Channel, 2022
FIG 6 LAMEA Aloe Vera Extract Market share by Distribution Channel, 2030
FIG 7 LAMEA Aloe Vera Extract Market by Distribution Channel, 2019 - 2030, USD Million
FIG 8 LAMEA Aloe Vera Extract Market share by Product, 2022
FIG 9 LAMEA Aloe Vera Extract Market shareby Product, 2030
FIG 10 LAMEA Aloe Vera Extract Market by Product, 2019 - 2030, USD Million
FIG 11 LAMEA Aloe Vera Extract Market shareby Region, 2022
FIG 12 LAMEA Aloe Vera Extract Market shareby Region, 2030
FIG 13 LAMEA Aloe Vera Extract Market by Region, 2019 - 2030, USD Million