Summary

Argentina, renowned for being one of the major producers of aloe vera extracts, is witnessing a surge in the demand for aloe vera products, particularly in the last few years. This is mainly attributed to the increasing awareness of the health and wellness benefits offered by aloe vera, which include being a powerful antioxidant, being anti-inflammatory, and promoting skin health. It is also used with success in nutritional and cosmetic products. As such, the market for aloe vera extracts in Argentina is expected to grow steadily in the near future. The key drivers for the growth of the aloe vera extract market in Argentina are the thriving cosmetics and personal care industries, as well as mounting health concerns among the population. With improved access to natural ingredients, the Argentine market is taking initiatives to promote the usage of aloe vera as an essential natural ingredient in beauty, personal care, and wellbeing products. Manufacturers in Argentina are also making use of the ample availability of raw materials to increase the production of aloe vera extracts and derivatives to meet increasing domestic and export demands. Government support is also playing a significant role in augmenting the demand for aloe vera extracts in the Argentine market. In 2018, the Argentine government incorporated multiple incentives and regulations to encourage and expedite the production and trade of aloe vera extracts. These included tax exemptions, import/export directives, and access to credit funds, amongst other things. To cater to the increasing demand for products containing aloe vera extracts, major players in Argentina's market are also investing heavily in the development and marketing of these products. For instance, in 2018, a local firm funded and launched aloe vera-based facial oils, soaps, and other body care products. Similarly, numerous cosmetics brands are also launching new ranges of products containing aloe vera extracts. Moreover, increasing internet connectivity and online exposure are contributing to the growing market for aloe vera extracts in Argentina.

According to the research report "Argentina Aloe Vera Market Overview, 2028," published by Bonafide Research, the Argentina Aloe Vera market is expected to reach market size of more than USD 30 Million by 2028. An increase in disposable income in Argentina has enabled consumers to spend more on premium and natural products, including Aloe Vera-based items. Consumers are increasingly seeking organic and natural products, free from harmful chemicals and additives. Aloe Vera fits well into this category as it is often cultivated without synthetic pesticides and herbicides. The COVID-19 pandemic has emphasized the importance of health and immunity, leading consumers to explore natural remedies like Aloe Vera to support their well-being. Aloe Vera is often used as an ingredient in dietary supplements, thanks to its vitamins, minerals, and antioxidant content. The demand for natural and plant-based supplements has contributed to the growth of the Aloe Vera market. Aloe Vera is being used in a wider range of food and beverage products, including juices, flavoured water, yogurts, and snacks. These products are often marketed for their refreshing and health-enhancing qualities. Aloe Vera is used as an ingredient in a variety of consumer products, including shampoos, conditioners, soaps, and household cleaning products, due to its moisturizing and soothing properties. Sustainable and eco-friendly packaging options are gaining importance in the Aloe Vera market, as consumers become more conscious of environmental impact.

Argentina has favourable agricultural conditions for Aloe Vera cultivation. The availability of locally sourced Aloe Vera Whole Leaf Extracts can lead to competitive pricing and a steady supply, further fuelling market growth. Argentine consumers are becoming increasingly health-conscious, seeking products that promote overall well-being. Aloe Vera Whole Leaf Extracts align with this trend as a multifunctional ingredient. Argentina's beverage industry offers opportunities for Aloe Vera Whole Leaf Extracts, which can be incorporated into functional beverages like health juices, smoothies, and dietary supplements targeting different health concerns. Aloe Vera has cultural significance in many parts of Argentina. It is often associated with natural healing and is used in traditional remedies passed down through generations. This cultural connection fosters trust and drives demand for Aloe Vera Whole Leaf Extracts. In addition based on application, Aloe Vera has a long history of traditional medicinal use for various health concerns, including wound healing, digestive issues, and skin conditions. The plant's natural healing properties make it a valuable ingredient for pharmaceutical applications. Aloe Vera has demonstrated effectiveness in promoting wound healing and alleviating skin conditions, such as burns, dermatitis, and psoriasis. In pharmaceutical formulations, Aloe Vera Extract can be used in creams, gels, and ointments for these purposes. Aloe Vera is commonly used to alleviate digestive discomfort, including symptoms of acid reflux, irritable bowel syndrome (IBS), and constipation. Pharmaceutical companies can formulate products like capsules or syrups for digestive health. Aloe Vera's potential benefits in managing chronic diseases like diabetes and hypertension lead to the development of pharmaceutical products aimed at improving the quality of life for patients.

Argentina's sunny climate and outdoor lifestyle make sunburn a common concern. Aloe Vera Gel is known for its effectiveness in providing immediate relief from sunburn, making it a staple in after-sun lotions and gels. Aloe Vera Gel is widely recognized for its skin-soothing and moisturizing properties. It is a key ingredient in skincare and cosmetic products. Argentina's beauty and skincare industry has been expanding, and consumers increasingly seek products that promote healthy and radiant skin. Aloe Vera Gel contains compounds with anti-inflammatory properties. It can help reduce redness and inflammation in the skin, making it valuable for soothing irritated skin caused by conditions like dermatitis or eczema. Aloe Vera Gel is often included in acne treatment products due to its ability to calm and moisturize acne-prone skin without clogging pores. As acne is a common skin concern, this drives demand for Aloe Vera Gel-based skincare. In addition, E-commerce has been experiencing substantial growth in Argentina, driven by increased internet penetration and digitalization. Consumers are increasingly turning to online platforms to purchase a wide range of products, including health and wellness items like Aloe Vera Extracts. Online shopping offers the convenience of browsing and purchasing products from the comfort of one's home or mobile device. Consumers can easily compare prices, read product reviews, and make informed decisions when buying Aloe Vera Extract products online. Online platforms frequently run promotional campaigns, discounts, and exclusive offers, which can attract budget-conscious consumers and drive online sales of Aloe Vera Extract products. Online payment methods are becoming increasingly secure and convenient, with options such as credit/debit cards, digital wallets, and online banking. This ease of payment encourages online shopping.

Considered in this report:
• Geography: Argentina
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Argentina Aloe Vera Extract market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Aloe Vera Gel Extracts
• Aloe Vera Whole Leaf Extracts

By Product Form
• Liquid
• Gel
• Oil
• Capsules/Tablets
• Powder

By Application
• Cosmetics
• Food & Beverages
• Pharmaceuticals

By Distribution Channel
• Convenience Store
• Hypermarket/Supermarket
• Direct Sales
• Online
• Others

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Aloe Vera Extract industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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