Aloe Vera is a plant species of the genus Aloe. It grows wild in tropical climates around the world and is cultivated for agricultural and medicinal uses. Aloe is also used for decorative purposes and grows successfully indoors as a potted plant.

It is found in many consumer products including beverages, skin lotion, cosmetics, or ointments for minor burns and sunburns. There is little scientific evidence of the effectiveness or safety of Aloe Vera extracts for either cosmetic or medicinal purposes. Studies finding positive evidence are frequently contradicted by other studies.

Market Outlook

Aloe Vera is a one of the succulent plant species which grows suitably in tropical climatic conditions. Cultivation of aloe-vera plant is primarily done for medicinal and agricultural uses all over the world. An aloe-vera plant generates two substances i.e. gel and latex. Aloe-Vera gel is one of the healthiest parts of the aloe-Vera plant and is extracted from leaf’s inner layer and can be used in its raw form. However, aloe-vera latex is a yellowish fluid which is not recommended for direct consumption.

Global aloe-vera extracts market is anticipated to expand at a compound annual growth rate (CAGR) of more than seven percent.

Aloe-Vera whole leaf extracts was estimated to be the largest segment in 2015 followed by aloe-vera gel extracts. In near future, Aloe-Vera whole leaf extracts market is further projected to witness the highest CAGR of ~% during the forecast period i.e. 2015-2021.

The global aloe vera gel market was worth US$ 465 Million in 2016, growing at a CAGR of around 11% during 2009-2016. The market has been growing steadily over the last decade driven by varied and increasing usage of Aloe Vera gel in food, health care and cosmetic industries.

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