Press release
Aloe Vera Extracts Market Report Provides An In-Depth Insight Of Demand And Trends Forecast To 2027
The global aloe vera extracts market was valued at US$ 1,839.7 Mn in 2018 and is anticipated to reach US$ 3,697.4 Mn by the end of 2027, growing at a CAGR of 8.2% during the forecast period (2019 to 2027).
Aloe vera plant looks like a cactus and produces two substances, gel and latex which has numerous health benefits and widely used for medicinal purposes. Aloe medication can be consumed orally or applied directly to the skin. The aloe vera extract is used in the treatment of various medical conditions such as hepatitis, diabetes, osteoarthritis, inflammatory bowel diseases, asthma, radiation-related skin sores, fever, stomach ulcers, itching and inflammation, and as a general tonic.
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Rising demand for aloe vera extract from the pharmaceutical and food industry for producing aloe vera based products is expected to foster the market growth over the forecast timeframe. For instance, in March 2016, SW Safety Solutions Inc. – California, U.S.-based glove manufacturer – introduced AloeTUFF gloves in its portfolio.
Increasing adoption of product differentiation strategy by the manufacturer and growing focus in product promotion is another major factor propelling the market growth of aloe vera extract. Additionally, expanding the e-commerce industry is another major factor fueling the market growth of aloe vera extract as online sales have witnessed a significant increase over the last few years.
High initial cost and low return on investment due to the cultivation of aloe vera plant on small lands are projected to curb the market growth of the aloe vera extract over the forecast period. Moreover, limited access to technical assistance for developing and managing aloe plantations successfully as a commercial business is also expected to curb market growth over the forecast period.
Increasing consumption of aloe vera extracts based supplements due to various health benefits and increasing launch of skincare products is expected to create favorable growth opportunities to the market of aloe vera extract. In March 2018, Relevium Technologies Inc. entered into an agreement with Curaçao Ecocity Projects N.V. to conduct a soft launch of an exclusive line of aloe vera based supplements and skincare products under the Bioganix brand.
Competitive Section:
Company Names
Lily of the Desert Organic Aloeceuticals
Aloe Farms Inc.
Terry Laboratories Inc.
Foodchem International Cooperation
Natural Aloe Costa Rica S.A.
Pharmachem Laboratories Inc.
Aloecorp Inc.
Aloe Laboratories Inc.
Buy this premium Report @ https://www.coherentmarketinsights.com/insight/buy-now/3169
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com
Aloe vera plant looks like a cactus and produces two substances, gel and latex which has numerous health benefits and widely used for medicinal purposes. Aloe medication can be consumed orally or applied directly to the skin. The aloe vera extract is used in the treatment of various medical conditions such as hepatitis, diabetes, osteoarthritis, inflammatory bowel diseases, asthma, radiation-related skin sores, fever, stomach ulcers, itching and inflammation, and as a general tonic.
Request for Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/3169
Rising demand for aloe vera extract from the pharmaceutical and food industry for producing aloe vera based products is expected to foster the market growth over the forecast timeframe. For instance, in March 2016, SW Safety Solutions Inc. – California, U.S.-based glove manufacturer – introduced AloeTUFF gloves in its portfolio.
Increasing adoption of product differentiation strategy by the manufacturer and growing focus in product promotion is another major factor propelling the market growth of aloe vera extract. Additionally, expanding the e-commerce industry is another major factor fueling the market growth of aloe vera extract as online sales have witnessed a significant increase over the last few years.
High initial cost and low return on investment due to the cultivation of aloe vera plant on small lands are projected to curb the market growth of the aloe vera extract over the forecast period. Moreover, limited access to technical assistance for developing and managing aloe plantations successfully as a commercial business is also expected to curb market growth over the forecast period.
Increasing consumption of aloe vera extracts based supplements due to various health benefits and increasing launch of skincare products is expected to create favorable growth opportunities to the market of aloe vera extract. In March 2018, Relevium Technologies Inc. entered into an agreement with Curaçao Ecocity Projects N.V. to conduct a soft launch of an exclusive line of aloe vera based supplements and skincare products under the Bioganix brand.
Competitive Section:
Company Names
Lily of the Desert Organic Aloeceuticals
Aloe Farms Inc.
Terry Laboratories Inc.
Foodchem International Cooperation
Natural Aloe Costa Rica S.A.
Pharmachem Laboratories Inc.
Aloecorp Inc.
Aloe Laboratories Inc.
Buy this premium Report @ https://www.coherentmarketinsights.com/insight/buy-now/3169
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com
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