Summary

The aloe vera extract market in India is a dynamic and thriving industry with significant regional variations. Aloe vera, known for its myriad of health and beauty benefits, has found a strong foothold in the Indian market, driven by its traditional use in Ayurvedic and natural remedies. In Northern India, particularly in states like Rajasthan and Haryana, aloe vera cultivation is prevalent due to the favorable arid climate. These regions contribute significantly to the production of aloe vera extract, which is then used for various purposes, including cosmetics, skincare, and medicinal products. The states of Gujarat and Maharashtra in Western India also play a crucial role in aloe vera cultivation and extract production. Southern India, with states like Tamil Nadu and Andhra Pradesh, has seen an upsurge in aloe vera farming, largely due to the tropical climate that supports its growth. The region is home to several aloe vera processing units that extract the gel and convert it into various products, catering to the cosmetic and wellness industries. In Eastern India, particularly in West Bengal and Odisha, aloe vera farming is gradually gaining momentum. While it may not be as prominent as in other regions, there is potential for growth as awareness of the plant's benefits continues to increase. Across the country, the market for aloe vera extract is driven by the increasing demand for natural and organic products. Aloe vera-based skincare products, herbal supplements, and juices are popular among consumers looking for holistic health and beauty solutions. Furthermore, the Indian government's support for agricultural initiatives and the promotion of herbal and traditional remedies have created a conducive environment for the expansion of the aloe vera extract market.

According to the research report “India Aloe Vera Extract Market Overview, 2028," published by Bonafide Research, the market is anticipated to grow with more than 11% CAGR from 2023 to 2028. The India aloe vera extract market is experiencing a remarkable increase in growth and popularity. Aloe vera, a plant renowned for its numerous health and skincare benefits, has garnered significant attention among consumers in India. This rising demand can be attributed to several key factors. Firstly, there is a growing awareness and appreciation for natural and herbal remedies in India. Consumers are increasingly turning to aloe vera extract for its diverse range of applications, including soothing skin irritations, moisturizing, and promoting overall well-being. This trend aligns with a broader shift towards holistic health and wellness. The Indian government's initiatives to promote herbal and traditional remedies have bolstered the aloe vera extract market. These initiatives have led to increased cultivation and processing of aloe vera plants, thus ensuring a steady supply of high-quality extract for various industries. Additionally, the cosmetic and skincare sectors have witnessed a surge in aloe vera-infused products, including creams, lotions, and sunscreens. Aloe vera's natural and beneficial properties make it an attractive ingredient for beauty and personal care products, further driving market growth.

The Aloe Vera extract market in India encompasses various product categories, with Aloe Vera gel and whole leaf extract being prominent segments. Aloe Vera gel, known for its soothing and hydrating properties, has found widespread use in the skincare and cosmetic industry. India consumers, renowned for their discerning tastes in beauty products, have been increasingly turning to Aloe Vera gel as a natural and effective ingredient in various skincare formulations. Its popularity can be attributed to its ability to moisturize, soothe irritation, and promote overall skin health, aligning perfectly with the demand for clean and natural beauty products. On the other hand, Aloe Vera whole leaf extract has gained traction in the wellness and dietary supplement sector. This product category appeals to health-conscious consumers who seek Aloe Vera's potential health benefits, such as digestive support and immune system enhancement. The India market's preference for natural and holistic health solutions has driven the demand for Aloe Vera whole leaf extract as a dietary supplement.

According to the report, the Aloe Vera Extracts is been segmented on the basis of its Applications, which includes Cosmetics, Food & Beverages, and Pharmaceuticals. Among these, the use of aloe vera extracts dominates its presence in the Cosmetics markets. However, Aloe vera catches attention of food industry due to its various health benefits like emollient, anti-inflammatory, purgative, anti-microbial, aphrodisiac, antifungal, and antioxidant. Aloe vera gel has excellent functional and nutritional properties and its incorporation into food can increase its functional and nutritional value of the food. However, both the pulp and aloe gel contain a lot of insoluble polymer particles, which affect the rheological behavior and physical stability mechanisms of the suspensions during storage and processing. The A. vera juice contributes wide application in food and beverage products like production of ready to serve the drink, soft drink, laxative drink, sherbet, Aloe sports drink with electrolyte, A. vera lemon juice, diet drink with soluble fiber, health drink, hangover drink with B vitamin, amino acids and acetaminophen, healthy vegetable juice mix, tropical fruit juice with A. vera, A. vera yogurts, A. vera mix for whiskey and white bread, cucumber juice with the addition of A. vera. Additionally, Aloe vera has been traditionally used to treat skin injuries (burns, cuts, insect bites, and eczemas) and digestive problems because it’s anti-inflammatory, antimicrobial, and wound healing properties.

Aloe Vera extracts is segmented on the basis of its different forms, which includes Liquid, Gel, Oil, Capsules, and Powders. Among these different forms, the use of liquid dominates the market with, whereas the use of A. vera extract oils holds the significant market share, Aloe vera extract oil is highly regarded for its numerous skincare and health benefits. It is known for its soothing, moisturizing, and healing properties, which make it a common ingredient in cosmetics and personal care products. The oil is often used to alleviate skin irritations, such as sunburn, dryness, and itching, as well as to promote overall skin health and rejuvenation. In addition to skincare, Aloe vera extract oil also used in hair care products to support scalp health, stimulate hair growth, and add moisture to the hair. Its anti-inflammatory and antimicrobial properties can aid in calming scalp conditions and maintaining healthy hair. Additionally, a flexible aloe extract that is applied in a variety of ways is aloe vera powder. It can be utilized as an ingredient in skincare products to deliver the advantages of aloe in a concentrated form, added to smoothies or beverages for its nutritional value, or rehydrated to make topical gels. Hair conditioners, moisturizers, and massage oils all frequently contain aloe vera oil. Aloe vera extract is frequently added to this oil, utilizing its nourishing properties to improve the health of the skin and hair. The Aloe vera extract market is categorized by distributional channels, with several segments including Conventional stores, Hypermarkets/Supermarkets, Direct Sales, Online, and Others. Among these segments, Conventional stores have traditionally been the dominant channel for Aloe vera extract sales. Consumers often purchase Aloe vera products from hypermarkets/supermarkets, such as pharmacies, health food stores, and specialty shops. This conventional distribution channel has historically held a significant share of the market. However, in recent years, there has been a noticeable shift in consumer behavior towards online shopping, including the purchase of Aloe vera extracts. The online sales channel has been growing steadily, driven by factors like convenience, a wide range of product options, and the ability to compare prices and read reviews easily. Online platforms, including e-commerce websites and marketplaces, have become increasingly popular for buying Aloe vera extract products. This shift towards online sales reflects changing consumer preferences and the digitalization of retail. s

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

Aspects covered in this report:
• India 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:
• Gel Extract
• Whole Leaf Extract

By Form:
• Liquids
• Gels
• Oils
• Capsules/Tablets
• Powders

By Application:
• Cosmetics
• Food & Beverages
• Pharmaceuticals

By Distributional Channels:
• Conventional Stores
• Hypermarkets/ Supermarkets
• Direct Sales
• Online
• Others (cosmetics shop)

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 Market 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.

ページTOPに戻る

Table of Contents