Aloe Vera Extract Market
Aloe Vera Extract Market Size And Forecast
According to Verified Market Research, Global Aloe Vera Extract Market was valued at USD 1.52 Billion in 2018 and is projected to reach USD 2.6 Billion by 2026, growing at a CAGR of 7.3% from 2019 to 2026.
Global Aloe Vera Extract Market Outlook
The rising consumer spending on healthy and nutritious products due to the increasing disposable income is a factor expected to fuel the growth of the aloe vera extract market. Increasing consumer preference for natural and healthy remedies is a major factor boosting the market growth. Moreover, the rising number of product launches of aloe vera based products in the market is also propelling market growth. For instance, in June 2019, MYUNGIN launched a new product in Naturalist Farmstay. It is a representative brand of Myung in cosmetics which has an excellent moisturizing and holding power that keeps moisture with little stickiness and lightly penetrates. However, the lack of proper harvesting methods, quality issues, and increasing usage of chemicals in order to prevent deterioration in the product are some factors that might hamper the market growth.
Global Aloe Vera Extract Market Competitive Landscape
The Global Aloe Vera Extract Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Aloe Corp, Calmino Group AB, Terry Laboratories, LR Health & Beauty Systems GmbH, Vedocas Herbal Care, Lily of the Desert, Pokonobe Inc., Aloe Farms, Houssay Global, and Cady products LLC.
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