The North America Aloe Vera Juice Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 196.4 kilo tonnes, showcasing a growth of 9.5% (2020-2023).
Aloe Vera Juice serves as a versatile ingredient renowned for its moisturizing, soothing, and healing properties. Incorporated into skincare formulations like moisturizers, lotions, and facial masks, it effectively hydrates the skin, alleviates inflammation, and promotes skin regeneration. Thus, the US market consumed 173.0 kilo tonnes of Aloe vera juice in the market 2021.
The US market dominated the North America Aloe Vera Juice Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,152 million by 2031. The Canada market is experiencing a CAGR of 7.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7% during (2024 - 2031).
The market has emerged as a prominent segment within the broader beverage industry, fueled by the growing consumer interest in health and wellness. Aloe vera juice, derived from the succulent aloe vera, has garnered considerable attention due to its purported health advantages and inherent qualities.
Additionally, it is known that aloe vera juice reconditions the skin, aids in digestion, and increases immunity. It is also an excellent source of antioxidants, vitamins, and minerals.
Moreover, the expanding cosmetic industry in Mexico has increased demand for aloe vera juice, driven by its numerous benefits for skin health and beauty. Additionally, Mexico's cosmetics and personal care products industry is estimated at USD 7.24 million in 2022, making it an important sub-sector of consumer goods in Mexico. The Mexican market is ranked among the top 10 for cosmetics and personal care products. The main category imported into Mexico in 2022 was makeup and skincare, followed by perfumes and body splashes, shaving products, hair care, and soaps.
Free Valuable Insights: The Aloe Vera Juice Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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