The global aloe vera extract market was valued at USD 2.86 billion in 2024. It is anticipated to expand from USD 3.09 billion in 2025 to USD 5.34 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.15% over the forecast period. Europe held the largest share of the market in 2024, accounting for 33.92%. In the United States, the market is projected to reach approximately USD 952.81 million by 2032, spurred by rising interest in aloe vera as a natural ingredient across food and non-food sectors.

Aloe vera, a succulent from the lily family native to the Arabian Peninsula, has long been recognized for its medicinal benefits. Its applications span the food and beverage, pharmaceutical, and cosmetic industries. The plant’s leaves are rich in various bioactive compounds such as polyphenols, phytosterols, fatty acids, indoles, alkaloids, and organic acids, which contribute to its wide usage.

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Impact of COVID-19

Pandemic Disruptions Affected Market Dynamics

The COVID-19 outbreak significantly disrupted global consumption patterns in the food and beverage sector. Manufacturers faced raw material shortages and price volatility due to supply chain interruptions. Post-pandemic, demand for aloe vera surged, particularly in Europe and North America, driven by consumer preference for natural health-boosting products.

Market Segmentation

Product Form: Liquid Segment Leads Due to Use in Cosmetics

The market is segmented by product form into liquid, gel, powder, and others. The liquid form was the leading category in 2019, owing to its extensive use in personal care items such as skin, hair, and body products. The gel form is also seeing increased usage due to its effectiveness in treating conditions like sunburn and chemical injuries.

Application: Cosmetics Segment Dominates

By application, the market is divided into food and beverages, cosmetics, and pharmaceuticals. The cosmetics sector held the largest share in 2022, fueled by the wide-ranging use of aloe vera in skincare and beauty products. The growing incidence of skin-related conditions has further propelled demand in this segment.

Distribution Channel: Offline Segment Holds the Majority Share

The market is segmented into online and offline channels. Offline retail, including supermarkets, convenience stores, and specialty outlets, dominates the distribution landscape due to greater product accessibility and wider choices for consumers.

Geographic Insights

The market is categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

This report offers an in-depth analysis of major market segments and current trends. It outlines the key growth drivers and barriers, assesses the impact of COVID-19, and reviews regional developments and strategies employed by top industry players.

Drivers and Challenges

Growing Demand for Organic Healthcare Products to Fuel Market Expansion

Rising consumer interest in natural health products is expected to drive market growth. Aloe vera’s benefits for managing conditions like diabetes, dental issues, and skin disorders make it a sought-after herbal remedy. Its role in reducing inflammation, improving oral health, aiding digestion, and lowering blood sugar enhances its appeal in both health and beauty sectors.

However, certain side effects associated with aloe vera use may hinder market progress.

Regional Highlights

Europe Leads Due to Health Supplement Demand

Europe is projected to maintain a dominant position in the market, supported by strong demand for organic health supplements, particularly in countries such as Germany, France, and the U.K. Wellness-focused brands in these regions are increasingly integrating natural ingredients into their product offerings.

Asia Pacific is expected to record the fastest growth rate, especially in emerging markets like India and China, which serve as major hubs for aloe vera trade. North America also holds a significant market share, with notable usage in treating hair loss, oral conditions, and cancer. Aloe vera cultivation is prevalent in the Yucatán Peninsula of Mexico.

Competitive Landscape

Influence of Celebrity Endorsements to Strengthen Market Position

The global aloe vera extract market is poised for growth amid rising interest in organic and plant-based ingredients. Celebrity endorsements are playing a pivotal role in shaping consumer preferences. For instance, in October 2019, Rob Lowe introduced "Cobalt," a skincare line featuring aloe vera extract as a core ingredient, targeting the affordable luxury segment.

Key Market Players

• Aloe Farms, Inc. (U.S.)
• Lily of the Desert Organic (U.S.)
• Terry Laboratories, Inc. (U.S.)
• Pharmachem Laboratories, Inc. (U.S.)
• Natural Aloe Costa Rica S.A. (Costa Rica)
• Foodchem International Corporation (China)
• Aloe Laboratories, Inc. (U.S.)
• Aloecorp, Inc. (U.S.)
• Calmino Group AB (Sweden)
• Roche (Switzerland)

Tariff Impact Analysis for Aloe Vera Extract Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-us-tariff/aloe-vera-extract-market-103893 

Recent Industry Developments

• July 2022: Organic Harvest, a brand specializing in organic beauty and personal care, introduced a new range of aloe vera gels available in four variants.