According to a new market report published by Lucintel, the future of the aloevera extract market looks promising with opportunities in cosmetics, food, and medicinal purposes, and others. The global aloevera extract market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market easy availability of plant extracts, increasing consumer awareness, and increase in the demand for natural and organic cosmetics.
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In this market, whole leaf extracts, gel extracts, and others are the major product types. Lucintel forecasts that pharmaceutical products will remain the largest segment over the forecast period because of its antibacterial and antimicrobial chemical, has been used in pesticide.
In this market, gel, liquid, drinks, concentrates and powder are the major form types. Lucintel forecasts that liquid form will remain the largest segment over the forecast period because it helps in healing burns, sores, cuts, insect bites, and stings.
Within this market, food, pharmaceitucals, and cosmetics are the major applications of aloevera extract. Cosmetics will remain the largest segment by application type over the forecast period because of the strong product demand for manufacturing several personal care products including cream, lotion, soap, and shampoo which are considered beneficial compared to their existing counterparts in the market.
Asia-Pacific is expected to witness the highest growth over the forecast period due to the improvement in consumer lifestyle owing to rising socioeconomic factors which helps in contributing the increasing product demand.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global Aloevera extract market by product type, form, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Aloevera Extract Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global aloevera extract market by product type, form, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Whole leaf extracts
Gel extracts
Others
By Form [Value ($ Million) shipment analysis for 2014 – 2025]:
Gel
Liquid
Drinks
Concentrates
Powder
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Food
Pharmaceutical
Cosmetics
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Germany
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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