According to MarkNtel Advisors study the Global Aloe Vera Extract Market is poised to grow at a CAGR of around 8.8% during the forecast period, i.e., 2023-28.

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Key Findings of the Study: Aloe Vera Extract market

Key Drivers: Shifting Consumer Preferences toward Naturally-Derived Products owing to their Health Benefits

For a few years, especially after the advent of Covid-19, the world is witnessing a rising interest of people of all age groups toward natural products, including aloe vera extracts. The major driving force for this trend is the increasing awareness among consumers of the various health benefits these plant extracts offer. As a result, there's the mounting utilization of aloe vera gels, whole leaf extracts, etc., to improve the skin & hair texture and reduce weight loss, among other health purposes, i.e., propelling the Global Aloe Vera Extract Market.

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Scope of the Report and Aloe Vera Extract Market Segmentation:

By Application

• Pharmaceuticals and Supplements
• Personal Care & Cosmetics
• Food & Beverages

By Distribution Channel

• Offline
• Online

By Form

• Gel
• Liquid
• Oil
• Powder
• Capsules & Tablets

Of them all, gels hold the prominent share in the Global Aloe Vera Extract Market, and the same trend is likely during 2023-28.

Aloe Vera Extract Market Development:

• In August 2022, Faces Canada, in its quest for healthier, softer, & more youthful skin, unveiled Pink Aloe Vera as a new wonder ingredient that offers multi-faceted properties to soothe, cool, & hydrate skin with deep-acting nutrients.
• The same year in May, Juicy Chemistry launched yet another range of innovative products, a brand new multi-purpose Aloe Vera Gel & Aloe Vera Juice in the Indian Market.
• In August 2021, Forever Living introduced a new lightweight formula Aloe Body Lotion to quickly deliver the benefits of pure aloe vera & other moisturizing ingredients, making it ideal as an everyday moisturizer to soften skin & leave it feeling smooth, hydrated, & healthy.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Among all regions globally, Asia-Pacific is the clear leader in the Aloe Vera Extract Market.

Note: If you require specific information not covered in the current report, we can provide it through customized option

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