According to a new report, published by KBV research, 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 Departmental Stores segment is anticipating a CAGR of 7.1% during (2024 - 2031). Departmental stores provide a valuable distribution channel for aloe vera juice manufacturers to reach a wide audience of consumers. Their convenient locations, diverse product offerings, and marketing initiatives contribute to the market's growth and popularity of aloe vera juice. By partnering with department stores, manufacturers can enhance their market presence and expand their reach to new customers.
The Unflavored segment is leading the Global Aloe Vera Juice Market by Flavor Type in 2023; thereby, achieving a market value of $15.5 billion by 2031. The unflavored segment of the aloe vera juice market refers to products containing pure aloe vera juice without additional flavors or additives. These products typically focus on delivering the natural benefits of aloe vera without altering its taste profile, making them ideal for consumers who prefer a clean and unadulterated beverage option. The unflavored segment of the aloe vera juice market offers consumers a pure and natural beverage option that delivers the inherent health benefits of aloe vera in its most authentic form.
The Cosmetics segment is registering a CAGR of 6.8% during (2024 - 2031). The cosmetic use of aloe vera juice refers to products that utilize aloe vera juice or extract as a key ingredient in skincare, haircare, and personal care formulations. With its versatile properties and widespread recognition as a beneficial ingredient for its soothing, moisturizing, and healing properties, aloe vera juice is a popular ingredient in cosmetic products aimed at enhancing skin and hair health and a popular choice in cosmetic formulations aimed at enhancing beauty and well-being.
Full Report: https://www.kbvresearch.com/aloe-vera-juice-market/
The Europe market dominated the Global Aloe Vera Juice 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. The North America region is experiencing a CAGR of 5.5% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 7.2% during (2024 - 2031).
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 Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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