According to a new market research report published by Credence Research, Inc. “Aloe Vera Product Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” aloe vera product market was valued at US$ 1.6 Bn in 2016, and is expected to reach US$ 2.7 Bn by 2025, expanding at a CAGR of 6.2% from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Aloe Vera Product, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Aloe vera has around 420 species of the aloe; the botanic name of aloe vera is “aloe barbadensis miller”. The aloe vera plant is about one or two feet tall with touchy and bitter leaves, which guard it to keep animals and insects away from feeding. Aloe vera has a luminous gel contain around 96% water, some organic and inorganic compounds, a type of protein which contains 18 of the 20 amino acids found in the body, and Vitamin A, B, C and E. Aloe Vera an herbal plant contains antiviral and antibacterial properties, it is used to treat everything from constipation to diabetes. It’s the core of a various large industry that have expanded their business from beauty creams to healthy juices and diet supplements.
Aloe gel is used for treating bowel diseases, osteoarthritis, fever, itching and inflammation. It is used as a natural remedy for stomach ulcers, diabetes, asthma, and for calming side effects of heat treatment. Aloe also helps to improve immune system. Various research studies are ongoing to discover the potential of the components to boost immunity and fight the HIV virus, and to treat certain types of cancer. The juice helps in healing and soothing in the relief of indigestion, stomach distress and ulcers.
Improving lifestyle due to rise in economic factors and increasing awareness about aloe vera mainly in Asia Pacific leads to the growth of aloe vera product market in the region. Increasing demand for aloe vera majorly comes from Asia Pacific which in turn will drive aloe vera market size in the forecast period. Along with the increasing use of natural products in cosmetics industry is driving the industry growth. Robust growth in North America & Europe is due to the growing consumer awareness about the numerous health benefits associated. Latin America and Middle East & Africa would show slow growth rate.
Some of the major companies operating in the market include Aloe Farms, Inc., Aloe Laboratories, Inc., Aloecorp, Inc., Foodchem International Cooperation, Herbalife, Lily of the Desert Organic Aloeceuticals, Natural Aloe Costa Rica S.A., Pharmachem Laboratories, Inc., Terry Laboratories, Inc.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Aloe Vera Product buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Aloe Vera Product contains:
Analysis and forecast of Aloe Vera Product market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Aloe Vera Product market;
Assessment and forecast of Aloe Vera Product market development;
Financial and business profiles of the leading companies in the Aloe Vera Product industry.
– Up to date working Aloe Vera Product data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Aloe Vera Product for the period 2018 to 2026
– Planned Aloe Vera Product additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Aloe Vera Product projects by region, key countries, and companies
– Details of major planned Aloe Vera Product projects in the world up to 2026
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