The Latin America, Middle East and Africa Aloe Vera Juice Market would witness market growth of 8.8% CAGR during the forecast period (2024-2031). In the year 2026, the LAMEA market's volume is expected to surge to 98.2 kilo tonnes, showcasing a growth of 10.0% (2024-2031).
As a functional ingredient, it is incorporated into various products such as smoothies, juices, teas, and health drinks, offering consumers a refreshing and nutritious option. Its versatility extends to culinary applications. Thus, the South Africa market consumed 7.04 kilo tonnes of Aloe vera juice in the market 2022.
The Brazil market dominated the LAMEA Aloe Vera Juice Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $412 million by 2031. The Argentina market is registering a CAGR of 9.6% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 8.5% during (2024 - 2031).
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.
Moreover, creating substantial growth prospects for the market throughout the projected timeframe. Consumers have become increasingly health-conscious, driving the demand for plant-based healthy beverages.
This was consistent with previous studies in the UAE, Jordan, Saudi Arabia, and Kuwait. These findings may indicate that the findings could be generalizable to other regional populations. According to the findings of this study, the main chronic reasons for using herbal medicines are to enhance an individual’s immune system and health promotion, improve mental health and relaxation, beauty purposes, weight reduction, and disease prevention. Hence, the regional market will expand rapidly due to the aforementioned factors.
Free Valuable Insights: The Worldwide Aloe Vera Juice Market is Projected to reach USD 20.8 Billion by 2031, at a CAGR of 6.4%
Based on Flavor Type, the market is segmented into Unflavored and Flavored. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Medical Stores, Departmental Stores, and Online Retail. Based on Application, the market is segmented into Food & Beverage Products, Cosmetics, Medicine and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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 Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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