(MENAFN- America News Hour)The global Aloe Vera extracts market is segmented based on product type into Aloe Vera gel extracts and Aloe Vera whole leaf extracts. In 2017 the Aloe Vera whole leaf extracts segment is expected to dominate the overall aloe vera extract market in terms of value and volume, and it is expected to remain dominant over the forecast period. The Aloe Vera extracts market is further segmented into concentrates, powders, gels, capsules and drinks. In 2017, the drinks segment consists for largest value share in the global market. On the basis of end use industry, the global Aloe Vera extracts market is segmented into food, cosmetic and pharmaceutical segments. Among these segments, the cosmetics segment lead the overall market in terms of value in 2017, which is expected to grow at a CAGR of 7.9% over the forecast period.
The Aloe Vera is generally used in curing skin problems and diseases. This has inclined the perception of the people towards using Aloe Vera rather than using commercial cosmetics. The CAGR of Aloe Vera extract market is anticipated to be 7.5 % in the year 2017-2027.
Asia-Pacific is expected to hold the largest share of the global Aloe Vera extract market during 2017-2027.The rising inclination of the consumers towards using Aloe vera extract instead of using commercial cosmetics is major factor which is anticipated to drive the global aloe Vera extract market. China, India is the major countries owing to changing lifestyle and improved economy of the country. The North American and European Aloe Vera Extract Market is anticipated to show healthy growth rate during the forecast period primarily owing to the rising awareness about the health benefits of the Aloe Vera based products coupled with growing preference for natural and organic products in the region. Latin America and Middle East also showing significant growth in the Aloe Vera market as the consumers are moving towards the use of the Aloe Vera products which have various health benefits.
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Changing Lifestyle and health consciousness will improve the Market Size
The changing lifestyle attributed to rising concern among the people about Aloe Vera product is also a major factor that drives the market. The urbanization and increasing number of health consciousness are major factors that drive the market. Increasing usage of aloe Vera gel, capsules and powder for cosmetic and medicinal purposes are also expected to boost the growth of the market.
Increased Aloe Vera extracts demand from cosmetic product industry due to the increased personal care and health consciousness customers, increasing urbanized population, rising awareness related to benefits of Aloe Vera .Moreover, rising demand for aloe Vera extracts from various end user industries such as cosmetics, beverage and pharmaceuticals is also driving the global Aloe Vera extracts market over the forecast period.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model. This report also provides the existing competitive scenario of some of the key players of the Global Aloe Vera extract market which includes company profiling Key industry players such as Terry Laboratories Inc., Aloe Laboratories Inc., Pokonobe Inc., Lily of the Desert Organic Aloeceuticals, Foodchem International Corporation, Aloe Farms Inc., Natural Aloe Costa Rica S.A., Aloecorp Inc., Cady products LLC, Houssy Global Pharmachem Laboratories Inc.
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global Aloe Vera extract market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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