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The global aloe vera gel market size reached US$ 284.7 Million in 2023. As per the analysis by IMARC Group, the top aloe vera companies are heavily investing in extensive research and development activities to develop new products with improved properties and formulation, providing a boost to the market. Moreover, the rising prevalence of skin-related diseases among the masses is augmenting the product demand across the globe. On account of its several health benefits, such as boosting the immune system, improving digestion, and reducing inflammation, aloe vera is widely used as an ingredient in food and beverages, particularly in the health and wellness industry, which in turn, is providing an impetus to the market. In line with this, the increasing use of aloe vera gel in several personal grooming products, including in the formulation of facial creams, moisturizers, anti-aging products, face wash, and sunscreens, is acting as a growth-inducing factor for aloe vera gel companies. Additionally, the increasing demand for natural and organic products due to rising concerns about the harmful effects of chemicals and synthetic ingredients in cosmetics and personal care products is contributing to the overall market. Besides, the rising awareness of the benefits of aloe vera gel among the masses is creating a positive market outlook. Furthermore, the wide utilization of aloe vera in the sports and fitness industry due to its anti-inflammatory properties is providing a lucrative opportunity to the market. Other factors, such as continuous improvements in organized distribution channels, the emerging e-commerce sector, the increasing prevalence of skin disorders, and the advent of home delivery models, are also influencing the market. On account of these factors, the market to reach US$ 514.0 Million by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
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The global aloe vera gel market has several major players including Aloecorp Inc., Aloe Laboratories Inc. (Harmony Green Co. Ltd.), Forever Living Products Inc., Foodchem International Corporation, Herbalife International Inc., Lily of the Desert, Pharmachem Laboratories Inc. and Terry Laboratories Inc. More information about these companies has been provided below.
Establishment: |
1988 |
Headquarters: |
Washington, USA |
Website: |
https://aloecorp.com/ |
Aloecorp Inc. specializes in the research, development, and production of aloe vera ingredients for use in various industries. The company focuses on producing high-quality aloe vera raw materials and finished products that can be used in cosmetics, dietary supplements, food and beverage, and pharmaceuticals. It offers a wide range of aloe vera products, including gels, powders, concentrates, and extracts. The company is committed to sustainable manufacturing practices and has implemented several initiatives to reduce its environmental impacts, such as implementing energy conservation measures at its production facilities and including the use of energy-efficient lighting and equipment. Additionally, the company invests heavily in research and development to identify new applications for aloe vera ingredients and develop new products.
Establishment: |
1996 |
Headquarters: |
Texas, United States |
Website: |
https://aloelabs.com/ |
Aloe Laboratories Inc. is a company that specializes in the cultivation, processing, and distribution of aloe vera and its derivative while focusing on providing high-quality aloe vera products to customers worldwide. The company has since expanded its operations and now has production facilities in Taiwan, China, and Thailand. Its product line includes a range of aloe vera-based products, such as aloe vera juice, aloe vera gel, aloe vera powder, and aloe vera cosmetics. The company has obtained several certifications, including safe quality food (SQF), california certified organic farmers (CCOF) and oregon tilth certified organic (OTCO) which attest to its commitment to maintaining high standards of quality and safety.
Establishment: |
1978 |
Headquarters: |
Arizona, United States |
Website: |
https://foreverliving.com/ind/en-us/home |
Forever Living Products Inc. is a multi-level marketing company that produces and distributes health and wellness products based on aloe vera and other natural ingredients. The company offers a wide range of products, including nutritional supplements, weight management products, personal care products, skincare products, and home care products. The company has a patented process to stabilize the aloe vera gel, which helps to preserve its natural nutritional benefits. It has also been innovative in its marketing approach, using a network marketing model to sell its products. Besides, it aims to improve the lives of people in need around the world by offering support to charitable organizations and projects.
Establishment: |
2006 |
Headquarters: |
Shanghai, China |
Website: |
https://www.foodchem.cn/ |
Foodchem International Corporation company specializes in the production and distribution of food additives, ingredients, and related products. Its product portfolio includes food preservatives, sweeteners, thickeners, flavorings, vitamins, and amino acids. It also offers logistics, warehousing, and regulatory support to help its clients navigate the complex regulatory environment. The company is committed to sustainable development and has implemented energy conservation measures in its facilities, such as using energy-efficient lighting and equipment and optimizing its production processes to reduce energy consumption. The company has a strong emphasis on innovations and thus has developed a range of innovative products such as natural sweeteners, plant-based proteins, and functional ingredients that provide health benefits.
Establishment: |
1980 |
Headquarters: |
California, United Stated |
Website: |
https://www.foodchem.cn/ |
Herbalife International Inc. is a multi-level marketing company that sells nutritional and weight management products. The company offers a variety of products, including protein shakes, snacks, supplements, and personal care products. Besides, the company has focused on developing flagship products, such as shakes, that help people manage their weight by providing a balanced, nutritious meal that is quick and easy to prepare. It has several corporate social responsibilities (CSR) initiatives aimed at promoting health and wellness, supporting local communities, and reducing the company's environmental impact. Additionally, it offers scholarships to students who are pursuing degrees in nutrition or related fields.
Establishment: |
1971 |
Headquarters: |
Texas, United States |
Website: |
https://lilyofthedesert.com/ |
Lily of the Desert company produces and sells a variety of health and wellness products, primarily using the aloe vera plant. Its product portfolio includes aloe vera juices, gels, supplements, and skincare products. Besides, the company has developed a unique filtration process that removes aloin, which can cause digestive discomfort in individuals. Additionally, it has implemented several initiatives to reduce their environmental impact and promote sustainable practices, such as the utilization of farming practices to minimize their environmental impact and preserve natural resources, and the usage of eco-friendly packaging materials, such as recycled paper and biodegradable plastics, to reduce waste and promote recycling.
Establishment: |
1978 |
Headquarters: |
New jersey, United States |
Website: |
https://pharmachemlabs.co.za/ |
Pharmachem Laboratories, Inc. company specializes in the research, development, and production of custom ingredients and advanced technologies for the food, beverage, and dietary supplement industries. The company offers a wide range of services, including product development, process optimization, and custom blending. The company has undertaken several corporate social responsibilities (CSR) initiatives, such as reducing its carbon footprint, promoting sustainable practices, reducing waste, conserving energy and water, and minimizing its impact on the environment. It has developed a natural ingredient that helps to reduce the digestion and absorption of carbohydrates and also developed a range of non-GMO ingredients to maintain its position in the market.
Establishment: |
1973 |
Headquarters: |
Florida, United States |
Website: |
https://www.terrylabs.com/ |
Terry Laboratories Inc. company specializes in the cultivation and processing of aloe vera. The company offers wide range of aloe vera products, including aloe vera gels, powders, concentrates, and extracts. The company has implemented several sustainable development initiatives in order to minimize its impact on the environment and promote sustainable practices, such as measures to reduce its water usages, such as recycling and reusing water throughout its operation. In line with this, it has developed a patented process for stabilizing aloe vera gel, which preserves the natural properties of the gel and extends its shelf life without the need for an added preservative.
About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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