ALOE VERA DRINKS MARKET TO REACH USD 182.4 BILLION BY 2027 | CAGR 11.2% – FORENCIS RESEARCH

Aloe Vera Drinks Market - Global Industry Analysis and Forecast 2020 to 2027

Global Aloe Vera Drinks Market: Key Highlights

  • According to the new market research report Aloe Vera DrinksMarketby Flavor (Flavored, Unflavored), by Product Type (Hot Drinks, Bottled Drinks, Juice Concentration, Aloe Vera Drinks), by Application (Food & Beverages, Cosmetics, Pharmaceutical), by Distribution Channel (Hypermarket / Supermarket, Drugstore, Online Retailers, Others),by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global aloe vera drinks market is estimated to reach USD 182.4Billion by 2027 at a CAGR of around 11.2% during the review period.
  • Aloe vera is a moist plant species which are grown in tropical climatic conditions across the globe and are extensively used in cosmetic, medical and food & beverage sectors
  • Unflavored aloe vera drinks are widely consumed for medical purpose as they help in detoxing lever and have several digestive benefits
  • Aloe vera exhibits multiple health benefits such as treating constipation, providing vitamin C, staying hydrated, reducing gum inflammation, controlling blood sugar level, and preventing stomach ulcers
  • Antiseptics, anti-inflammatory, and analgesis are some of the properties of aloe vera juice

Aloe Vera Drinks Market

Global Aloe Vera Drinks Market: Key Market Dynamics

  • Various beauty and skin benefits offered by use aloe vera drinks has anticipated to increase the demand for aloe vera based beauty drinks anticipating to drive the market growth during the forecasted period
  • Increasing concerns towards vitamin deficiency coupled with rising adoption of functional drinks majorly in developing nations has expected to surge the demand for aloe vera drinks market during the forecasted period
  • Adverse health effects by overconsumption of aloe vera drinks and high cost of drinks may hinder the growth of aloe vera drinks market

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Global Aloe Vera Drinks Market: Regional Overview

  • Europe

Europe is anticipated to witness prominent growth in aloe vera drink market during the forecasted period owing to increasing demand for healthy drinks coupled with awareness among people for healthy food & drinks and easy availability of aloe vera. Moreover, consumption of these drinks helps to lower the cholesterol, blood sugar level, and aids in smooth digestion. This has gained popularity for aloe vera drinks among fitness conscious millennial.

  • Asia-Pacific

Asia Pacific is anticipated to dominate the growth in ferroalloy market during the forecasted period region. This is attributed by population growth and rising demand for drinks with high health benefits. Moreover, rising consumption from developing nations such as China and India are being the major markets for Aloe Vera drinks. Growing awareness among the people for the consumption of health food and drinks is the major factor for driving the market for Aloe Vera drinks

Global Aloe Vera Drinks Market: Key Players Overview

  • Simplee Aloe:

Simplee Aloe is a UK-based company and is one of the leading aloe vera drink producer company in the country. The company operates through three business segments including organic aloe supplement, aloe water and aloe juice. In April 2018, the company launched two new low sugar aloe vera water in U.K. Simplee Aloe claims the new products are the first aloe vera waters available in the country which do not use artificial ingredients, and the low-sugar drinks contain less than 2.5g of sugar per 100ml.

  • Baidyanath Ayurved:

Baidyanath Ayurved is one of the leading manufacturers of ayurvedic products. The company encompasses more than seven hundred products classified under Rasa, Rasayan, Bhasma, Asava, Aristha, Tablets, Tails, Avaleha, Churna, Patent medicines and other Ayurvedic preparations. Baidyanath products are sold through more than 1000 sales centers and 1,00,000 agencies. In January 2018, the company introduced range of four natural juice including amla, aloe vera, karela and jamun and giloy in order to cater increasing demand for natural, ayurvedic, and organic from young consumers.

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Published : 2020-08-13

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