Summary

South America offers an ideal climate for Aloe Vera cultivation. The region has various arid and semi-arid zones with warm temperatures and ample sunlight, which are essential for the plant's growth and high-quality gel production. Aloe Vera cultivation has transitioned from traditional and small-scale farming to more extensive commercial cultivation in South America. This shift has led to increased production and availability of Aloe Vera leaves for extraction. Consumers in South America and globally are increasingly seeking natural and plant-based products. Aloe Vera extract is perceived as a natural remedy with various health and wellness benefits, aligning with this trend. Aloe Vera is recognized for its potential health benefits, including digestive aid, skin health, and immune system support. As consumers become more health-conscious, they are turning to Aloe Vera-based products to address their wellness needs. The beauty and skincare industry in South America is growing rapidly. Aloe Vera is a favoured ingredient in cosmetics and skincare products due to its hydrating, soothing, and anti-inflammatory properties. Aloe Vera has a long history of use in traditional medicine in South America. Indigenous communities have traditionally used Aloe Vera for various health purposes, contributing to its cultural acceptance. South American companies have diversified their Aloe Vera product offerings. This includes Aloe Vera gels, juices, dietary supplements, cosmetics, and more, catering to a wide range of consumer preferences and industries. South American researchers and agricultural institutions actively engage in Aloe Vera research, focusing on cultivation techniques, genetic improvement, and product innovation. South America is experiencing economic growth, leading to higher disposable incomes among its population. As people's purchasing power increases, they are more willing to invest in health and wellness products, including Aloe Vera extracts. South America attracts a significant number of tourists, many of whom are interested in wellness and natural remedies. Hotels, resorts, and wellness retreats often offer Aloe Vera-based treatments and products, contributing to local Aloe Vera product sales. Companies in South America are continuously innovating by introducing new Aloe Vera formulations and combinations. This innovation enhances the market's appeal by offering consumers novel and effective Aloe Vera products.

According to the research report, “South America Aloe Vera Extract Market Outlook, 2028” published by Bonafide Research, the market is anticipated to add more than USD 120 Million market size from 2023 to 2028. Aloe Vera extract is frequently used in nutraceuticals and functional foods in South America, capitalizing on the increasing popularity of health-enhancing food and beverage options. Consumers are looking for products that offer both nutritional benefits and overall wellness support. South American consumers are increasingly embracing clean beauty and natural skincare products. Aloe Vera extract aligns with this trend as it is a recognized natural ingredient with hydrating and soothing properties, making it a popular choice in skincare and cosmetic formulations. There is a growing demand for plant-based and vegan products in South America, driven by ethical and environmental considerations. Aloe Vera extract is vegan-friendly and is used in various plant-based formulations, including skincare, dietary supplements, and beverages. Sustainability is a rising concern among South American consumers. Aloe Vera product manufacturers are adopting eco-friendly packaging materials and practices to reduce environmental impact and cater to environmentally conscious buyers. Aloe Vera extract is being positioned as a health and immunity booster in South America, particularly in dietary supplements and functional beverages. This trend is in response to the growing interest in products that support overall well-being. Aloe Vera is being incorporated into sports nutrition products and supplements, targeting athletes and fitness enthusiasts who seek natural hydration and recovery solutions. Aloe Vera is gaining popularity in pet care products in South America. Aloe-based shampoos, creams, and supplements for pets are becoming more widely available as pet owners seek natural and gentle solutions for their animals' well-being.
Based on Country the market is segmented into Brazil, Argentina and Colombia, among them Brazil is expected to the highest Market share in 2022.

Brazil's vast and diverse agricultural sector provides a conducive environment for Aloe Vera cultivation. The country has extensive arable land and favourable climate conditions in several regions, making it well-suited for Aloe Vera cultivation. Brazil offers a range of climates, including arid and semi-arid regions, which are particularly favourable for Aloe Vera growth. States like Ceará, Rio Grande do Norte, and Bahia have warm temperatures and abundant sunlight, creating ideal conditions for Aloe Vera plantations. Brazil has a well-established Aloe Vera cultivation industry, with numerous farms dedicated to Aloe Vera production. These farms range from small-scale operations to large commercial plantations. Brazil cultivates high-quality Aloe Vera varieties, including Aloe barbadensis miller, which is renowned for its potent gel content and therapeutic properties. The availability of quality Aloe Vera plants contributes to the country's leadership in the market. Brazil's large-scale Aloe Vera cultivation and production contribute significantly to its leadership position. The country's ability to produce substantial quantities of Aloe Vera leaves for extraction ensures a consistent supply to meet domestic and international demand. Brazil's participation in international trade agreements and partnerships enhances its ability to export Aloe Vera products with reduced trade barriers, contributing to market leadership.

In terms of product the market is divided into Aloe Vera Gel Extracts and Aloe Vera Whole Leaf Extracts. Furthermore, based on application the market is divided into Cosmetics, Food & Beverages and Pharmaceuticals.
Aloe Vera gel is highly valued in the cosmetics and skincare industry for its hydrating, soothing, and healing properties. It is used in products like moisturizers, sunscreens, anti-aging creams, and after-sun lotions. South American consumers, like those worldwide, prioritize skincare and beauty products, driving the demand for Aloe Vera gel extracts. Aloe Vera gel is prized for its hydrating and moisturizing properties. South American consumers, especially in arid regions, value products that help combat dryness and maintain skin health. Aloe Vera gel is commonly used to treat various skin conditions, such as acne, eczema, and psoriasis. Its anti-inflammatory and antimicrobial properties make it a favored choice for individuals seeking natural remedies for these conditions. Some Aloe Vera gel-based products in South America target skin whitening and brightening, addressing a common preference for lighter and brighter skin tones. In addition, Aloe Vera has a long history of use in traditional medicine systems globally, including South America. It is renowned for its potential health benefits, such as wound healing, anti-inflammatory properties, and immune system support. The pharmaceutical industry is increasingly recognizing Aloe Vera's therapeutic potential. Aloe Vera gel contains compounds like acemannan that are known for their wound-healing properties. It accelerates the healing process of minor cuts, burns, and abrasions by promoting tissue regeneration. The pharmaceutical sector is interested in developing Aloe Vera-based wound care products. Aloe Vera has been studied for its potential to lower blood sugar levels. Pharmaceutical companies are exploring Aloe Vera formulations for diabetes management, including supplements and medications.

In terms of product form the market is divided into product form the market is divided into Liquid, Gel, Oil, Capsules/Tablets and powder. In addition, based on distribution channel the market is divided into Convenience Store, Hypermarket/Supermarket, Direct Sales, Online and Others.

Aloe Vera oil is derived through a specialized extraction process that involves macerating Aloe Vera leaves in carrier oil, such as coconut or olive oil. This process captures the beneficial compounds present in Aloe Vera, including vitamins, antioxidants, and fatty acids, creating a valuable product. Aloe Vera oil contains a range of nutrients, including vitamins A, C, and E, as well as B-complex vitamins and essential fatty acids. These nutrients have various benefits for the skin, hair, and overall health. Aloe Vera oil's emollient properties help lock in moisture, making it an effective ingredient for products designed to hydrate and soften the skin. In South America's diverse climates, products with skin-hydrating properties are in demand. Aloe Vera oil is known for its soothing and healing properties. It can help calm irritated skin, reduce redness, and aid in the healing of minor wounds and skin conditions, making it suitable for various skincare products. Aloe Vera oil supports hair health by providing essential nutrients and moisture to the scalp and hair follicles. It is used in hair oils, shampoos, and conditioners to promote shine, strength, and manageability. Aloe Vera oil's antimicrobial properties can help combat dandruff and scalp issues, addressing common hair care concerns in South America's diverse climates.

In addition, Convenience stores are strategically located in neighbourhoods, near residential areas, and along highways. Their widespread presence ensures easy access for consumers across South America, even in remote or less densely populated regions. Convenience stores are aptly named for their convenience. South American consumers appreciate the accessibility and extended operating hours, often 24/7, which allows them to shop for Aloe Vera extract products at their convenience, including after regular retail hours. Aloe Vera extract products, such as beverages, snacks, and skincare items, are often purchased on impulse. Convenience stores are designed to encourage such impulse buying through attractive product displays, placement near the checkout counter, and quick shopping experiences. Aloe Vera-infused snacks and beverages, such as Aloe Vera juices and health drinks, align with South America's emerging snacking trends. Consumers are looking for healthier snack options, and convenience stores offer a variety of Aloe Vera-based choices.

Companies Covered in this report:

Foodchem International Corporation , Ashland Inc. , Forever Living Products , Terry Laboratorie , Aloecorp , Aloe Laboratories , Herbalife Nutrition Ltd., L'Oréal S.A , Nature's Way

Considered in this report

• Geography: South America
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• South America Aloe Vera Extract market Outlook with its value and forecast along with its segments
• Country-wise Aloe Vera Extract market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• Brazil
• Argentina
• Colombia

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 and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone 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 making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Essential Oil industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.




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