The North America Aloe Vera Extract Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).
Aloe Vera extracts often cure various illnesses, including cancer, gum disease, hair loss, and skin disorders. These health problems have increased due to rising pollution and a fast-paced lifestyle, fostering market expansion. Additionally, aloe Vera gel or leaves are used to provide immediate relief from various burn issues, including sunburn, chemical burns, and burns from fires. Another factor projected to contribute to the market's development in future years is the growing use of aloe Vera products in hospitals. Another aspect that might cause the market to rise quickly is the usage of aloe vera in various cosmetic items such as skin tanning lotion, lipsticks, stretch mark cream, moisturizers, soap, etc.
In particular, organic or herbal extracts are employed nowadays to treat vast populations of people with diabetes. The market is anticipated to expand due to the growing trend of using aloe vera supplements and other products to enhance the health of people of all ages. Demand for goods is anticipated to be affected by manufacturers' growing investments to lower sugar content. As a result, the growing consumer preference for organic goods has significant potential for market expansion.
Aloe vera has a history of use in alternative and traditional medicine. Some individuals in North America use aloe vera topically to soothe skin irritations, sunburns, or minor burns. It is also consumed orally for potential digestive benefits or immune system support. Many Canadians are exploring the connection between health and diet as they age and face growing healthcare bills. The functional food (nutraceutical) industry is seizing the opportunity via product innovation and market growth. Sodium substitutes, trans fat replacements, free-from allergens (mainly gluten-free foods), sugar alternatives, clean labeling, whole foods, naturally sourced phytochemicals, protein boosters, and nutrigenomics are expected to expand in Canada. The growing popularity of vegan diets is fueling demand for botanical functional ingredients in functional foods and beverages, which is driving the market in North America.
The US market dominated the North America Aloe Vera Extract Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $801.2 million by 2030. The Canada market is estimated to grow at a CAGR of 10% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 9% during (2023 - 2030).
Based on Application, the market is segmented into Cosmetics, Pharmaceuticals, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product, the market is segmented into Liquid, Gels, Powder, and Capsule or Tablet. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Aloe Vera Extract Market is Projected to reach USD 4.2 Billion by 2030, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Aloecorp Inc., Terry Laboratories Inc., F. Hoffmann-La Roche Ltd., Aloe Farms, Inc., Ashland, Inc. (Pharmachem Laboratories Inc.), Lily of the Desert, Aloe Laboratories, Inc., Foodchem International Corporation, Natural Aloe Costa Rica and Calmino Group AB.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Cosmetics
- Pharmaceuticals
- Others
By Distribution Channel
By Product
- Liquid
- Gels
- Powder
- Capsule or Tablet
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Aloecorp Inc.
- Terry Laboratories Inc.
- F. Hoffmann-La Roche Ltd.
- Aloe Farms, Inc.
- Ashland, Inc. (Pharmachem Laboratories Inc.)
- Lily of the Desert
- Aloe Laboratories, Inc.
- Foodchem International Corporation
- Natural Aloe Costa Rica
- Calmino Group AB
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Aloe Vera Extract Market, by Application
1.4.2 North America Aloe Vera Extract Market, by Distribution Channel
1.4.3 North America Aloe Vera Extract Market, by Product
1.4.4 North America Aloe Vera Extract Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Aloe Vera Extract Market by Application
3.1 North America Cosmetics Market by Country
3.2 North America Pharmaceuticals Market by Country
3.3 North America Others Market by Country
Chapter 4. North America Aloe Vera Extract Market by Distribution Channel
4.1 North America Offline Market by Country
4.2 North America Online Market by Country
Chapter 5. North America Aloe Vera Extract Market by Product
5.1 North America Liquid Market by Country
5.2 North America Gels Market by Country
5.3 North America Powder Market by Country
5.4 North America Capsule or Tablet Market by Country
Chapter 6. North America Aloe Vera Extract Market by Country
6.1 US Aloe Vera Extract Market
6.1.1 US Aloe Vera Extract Market by Application
6.1.2 US Aloe Vera Extract Market by Distribution Channel
6.1.3 US Aloe Vera Extract Market by Product
6.2 Canada Aloe Vera Extract Market
6.2.1 Canada Aloe Vera Extract Market by Application
6.2.2 Canada Aloe Vera Extract Market by Distribution Channel
6.2.3 Canada Aloe Vera Extract Market by Product
6.3 Mexico Aloe Vera Extract Market
6.3.1 Mexico Aloe Vera Extract Market by Application
6.3.2 Mexico Aloe Vera Extract Market by Distribution Channel
6.3.3 Mexico Aloe Vera Extract Market by Product
6.4 Rest of North America Aloe Vera Extract Market
6.4.1 Rest of North America Aloe Vera Extract Market by Application
6.4.2 Rest of North America Aloe Vera Extract Market by Distribution Channel
6.4.3 Rest of North America Aloe Vera Extract Market by Product
Chapter 7. Company Profiles
7.1 Aloecorp Inc.
7.1.1 Company Overview
7.2 Terry Laboratories Inc.
7.2.1 Company Overview
7.3 F. Hoffmann-La Roche Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Aloe Farms, Inc.
7.4.1 Company Overview
7.5 Ashland, Inc. (Pharmachem Laboratories Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.6 Lily of the Desert
7.6.1 Company Overview
7.7 Aloe Laboratories, Inc.
7.7.1 Company Overview
7.8 Foodchem International Corporation
7.8.1 Company Overview
7.9 Natural Aloe Costa Rica
7.9.1 Company Overview
7.10. Calmino Group AB
7.10.1 Company Overview
TABLE 1 North America Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 2 North America Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 3 North America Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 4 North America Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 5 North America Cosmetics Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Cosmetics Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Pharmaceuticals Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 12 North America Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 13 North America Offline Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Offline Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Online Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Online Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 18 North America Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 19 North America Liquid Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Liquid Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Gels Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Gels Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Powder Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Powder Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Capsule or Tablet Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Capsule or Tablet Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Aloe Vera Extract Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Aloe Vera Extract Market by Country, 2023 - 2030, USD Million
TABLE 29 US Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 30 US Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 31 US Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 32 US Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 33 US Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 34 US Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 35 US Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 36 US Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 37 Canada Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 38 Canada Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 39 Canada Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 40 Canada Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 41 Canada Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 42 Canada Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 43 Canada Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 44 Canada Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 45 Mexico Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 46 Mexico Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 47 Mexico Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 48 Mexico Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 49 Mexico Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 50 Mexico Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 51 Mexico Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 52 Mexico Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 53 Rest of North America Aloe Vera Extract Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Aloe Vera Extract Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Aloe Vera Extract Market by Application, 2019 - 2022, USD Million
TABLE 56 Rest of North America Aloe Vera Extract Market by Application, 2023 - 2030, USD Million
TABLE 57 Rest of North America Aloe Vera Extract Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 58 Rest of North America Aloe Vera Extract Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 59 Rest of North America Aloe Vera Extract Market by Product, 2019 - 2022, USD Million
TABLE 60 Rest of North America Aloe Vera Extract Market by Product, 2023 - 2030, USD Million
TABLE 61 Key Information – Aloecorp Inc.
TABLE 62 Key Information – Terry Laboratories Inc.
TABLE 63 Key Inforamation – F. Hoffmann-La Roche Ltd.
TABLE 64 Key Information – Aloe Farms, Inc.
TABLE 65 Key Information – Ashland, Inc.
TABLE 66 Key Information – Lily of the Desert
TABLE 67 Key Information – Aloe Laboratories, Inc.
TABLE 68 Key Information – Foodchem International Corporation
TABLE 69 Key Information – Natural Aloe Costa Rica`
TABLE 70 Key Information – Calmino Group AB
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Aloe Vera Extract Market share by Application, 2022
FIG 3 North America Aloe Vera Extract Market shareby Application, 2030
FIG 4 North America Aloe Vera Extract Market by Application, 2019 - 2030, USD Million
FIG 5 North America Aloe Vera Extract Market shareby Distribution Channel, 2022
FIG 6 North America Aloe Vera Extract Market share by Distribution Channel, 2030
FIG 7 North America Aloe Vera Extract Market by Distribution Channel, 2019 - 2030, USD Million
FIG 8 North America Aloe Vera Extract Market share by Product, 2022
FIG 9 North America Aloe Vera Extract Market shareby Product, 2030
FIG 10 North America Aloe Vera Extract Market by Product, 2019 - 2030, USD Million
FIG 11 North America Aloe Vera Extract Market shareby Region, 2022
FIG 12 North America Aloe Vera Extract Market shareby Region, 2030
FIG 13 North America Aloe Vera Extract Market by Region, 2019 - 2030, USD Million