Global Aloe Vera Market Expected to Reach USD 1,530 Million by 2033 - IMARC Group

Global Aloe Vera Market Statistics, Outlook and Regional Analysis 2025-2033

The global aloe vera market size was valued at USD 890 Million in 2024, and it is expected to reach USD 1,530 Million by 2033, exhibiting a growth rate (CAGR) of 6.3% from 2025 to 2033.

The market for aloe vera primarily is driven by strength from growing consumer awareness about natural and organic products. Additionally, with its soothing, moisturizing, and healing properties, aloe vera is much in use in skincare, haircare, and healthcare products, and its demand is pushing it through various sectors. For instance, in April 2024, the United States Food and Drug Administration approved a study at Wake Forest University to evaluate the efficacy of Desert Harvest's Super Strength Aloe Vera (SSAV) capsules in managing symptoms of interstitial cystitis (IC). IC, commonly referred to as bladder pain syndrome (BPS), is a chronic inflammation of the bladder wall that might make way for scarring or hardening of the bladder. This is going to be the first double-blind, placebo-controlled trial that focuses on safety and efficacy as main outcomes for patients with IC, as per Stephen J. Walker, PhD, a urologist at Wake Forest University who will lead the study.

In addition, improvements in processing and cultivation methods have allowed for the widespread production of quality aloe vera products by manufacturers. Thus, through these advances, a whole range of products is now available to meet the diverse needs of consumers. Besides, the growing consumer preference for natural solutions, expanding uses in various industries, and improved production methods are influencing the market growth. For instance, on April 12, 2024, GC Food Joint Stock Company outlined plans to double profits in 2024 at its annual shareholders meeting, looking for revenues of VND 573 Billion. The company is also known as the king of aloe vera since it runs the largest aloe vera processing facility in Vietnam, located in Thanh Hai Industrial Park, Ninh Thuan. The plant occupies 20,000 square meters with an annual capacity of 35,000 tons. GC Food's aloe vera products are currently exported to 20 countries, including quite demanding markets such as Japan, South Korea, Europe, and the United States.

Global Aloe Vera Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Thailand, Mexico, Dominican Republic, the United States, Costa Rica, and others. According to the report, Thailand accounted for the largest market share on account of the strong agricultural base, high production levels, and robust demand for aloe vera in domestic and export markets.

Thailand Aloe Vera Market Trends:

Thailand's aloe vera market is expanding due to increasing demand for herbal skincare and wellness products. The country's focus on promoting traditional remedies and the growing adoption of organic farming techniques support its production. Besides, rising exports of aloe vera-based products also contribute to its market growth. For instance, on 30 October 2024, a Thailand-based brand, KULA aloe vera drink and bubble tea were displayed at the 2024 Peru International Food Exhibition. Besides, Miramar, KULA and Lord Duke are First Canned Food (Thai) Co., Ltd. own brands. They produce aloe vera and coconut series, and also actively develop Mangosteen, Hibiscus, Tamarind concentrated, various fruit juice, canned syrup and sweets.

Mexico Aloe Vera Market Trends:

Mexico benefits from ideal climatic conditions for aloe vera cultivation, making it a significant producer. The rising demand for aloe vera in cosmetic and pharmaceutical industries domestically and for export, is influencing the market growth. Government support for sustainable agriculture further strengthens its production capabilities.

Dominican Republic Aloe Vera Market Trends:

The Dominican Republic's market is driven by the growing global demand for organic and natural products. Moreover, the favorable climate supports year-round cultivation, while increased investment in agro-industrial processing enhances product value. Furthermore, exports to the United States and Europe also influence the market growth.

United States Aloe Vera Market Trends:

The United States is witnessing robust growth in the aloe vera market due to the popularity of natural skincare and health products. Additionally, the increasing consumer awareness about aloe vera's health benefits is escalating the demand across the food, beverage, and personal care sectors.

Costa Rica Aloe Vera Market Trends:

Costa Rica's market thrives on its focus on sustainable and organic farming practices. Additionally, high-quality aloe vera production caters to the rising global demand for natural skincare and health products. Moreover, strong export ties and eco-friendly certifications enhance the country's position in international markets.

Top Companies Leading in the Aloe Vera Industry

Some of the leading aloe vera market companies include several key players. For instance, on 30 April 2024, the Naples Soap Company, Inc., a leader in health and wellness products, unveiled plans to launch Grow Beautii, its new skin care collection designed specifically for those with sensitive skin. This line is poised to cater to an underserved niche within the booming $41 Billion global market for sensitive skin care products. The Grow Beautii collection will feature gentle cleansers and soothing moisturizers formulated for individuals of all ages who suffer from skin conditions. The products will emphasize high-quality, natural ingredients known for their skin-calming properties, including aloe vera, goat's milk, coconut oil, sea salt, and witch hazel. This initiative is expected to significantly enhance the Company's wholesale operations, expanding its reach into major retailers in the United States and internationally.

Global Aloe Vera Market Segmentation Coverage

• On the basis of the product, the market has been categorized into aloe vera gel extract, aloe vera whole leaf extract, and others, wherein aloe vera whole leaf extract represents the leading segment. It is primarily due to its comprehensive nutrient profile and wide application across various industries, including cosmetics, pharmaceuticals, and beverages. Its unprocessed form retains maximum bioactive compounds, making it highly versatile and desirable for end-users. Additionally, whole-leaf processing yields higher product value, catering to premium product demands.
• Based on the form, the market is classified into concentrates, gels, drinks, powders, and capsules, amongst which drinks dominate the market. Aloe vera-based beverages are gaining popularity due to their health benefits, such as hydration, digestion support, and detoxification. These drinks appeal to health-conscious consumers seeking natural and functional beverages. The growing trend of plant-based and organic drinks further boosts this segment's growth.
• On the basis of the application, the market has been divided into the pharmaceutical industry, cosmetic industry, and food industry. Among these, the cosmetic industry accounts for the majority of the market share, as aloe vera is a key ingredient in skincare and personal care products, valued for its hydrating, soothing, and anti-inflammatory properties. Moreover, the rising demand for natural and chemical-free cosmetics has positioned aloe vera as a preferred choice among manufacturers. Its effectiveness in addressing skin concerns like dryness and irritation drives its widespread adoption in this industry.

Browse IMARC Related Reports on Aloe Vera Market:

• North America Aloe Vera Market Report