Aloe vera
is a moist plant species which grows in tropical climatic conditions across the
globe. Aloe vera is generally cultivated for food, medicinal and cosmetics
uses. Aloe vera extracts find wide applications in medical and food &
beverages sector. These extracts are used to produce aloe vera drinks and food
in with the purpose to minimize the burden of diseases.
The demand
for aloe vera extracts is growing in food and beverages industries across the
globe owing to its cost effectiveness, availability and growing consumer
preferences for aloe vera products over flavor essence products. Rise in aging
population and growing prevalence of skin ailments, cardiovascular diseases
among elderly population are increasing the consumption of aloe vera products
so as to maintain health and fitness.
Population
across the globe is mounting consumption of aloe vera juice due to rise in
preferences of aloe vera products owing to presence of flavored drinks, which
grows in importance among consumers. Aloe Vera juices made of aloe vera
extracts and pulps have several health benefits and come in different flavors
further growing demand from the population with the purpose of cure and to
overcome the deficiency.
Apart from
this, significant growth in food industry to develop effective and taste rich
aloe vera juices for the consumers is likely to gain traction in near future.
Moreover, increasing strategies from emerging distribution channels across the
globe is driving the growth of aloe vera juice market.
Market Segmentation
Research
report categorizes the aloe vera juice market into the following segments:
By
Product Type
Ready-to-drink
juice
Crush
Pulp
By
Flavor Type
Flavored
Non-flavored
By
Distribution Channel
Pharmaceutical
Shops
Departmental
Stores
Super
Markets
Online
Stores
By Region
Global
Aloe Vera Juice Market is further classified on the basis of region as follows:
·
North
America (United States /U.S. & Canada)
·
Latin
America (Brazil, Mexico, Rest of Latin America)
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe)
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
·
Middle
East and North Africa (MENA)
·
Rest
of World
Growth Drivers and challenges
The demand for aloe vera juices are
growing on the back of increasing geriatric population coupled with higher risk
of digestion, cholesterol and diabetes problems. Growing awareness towards
health benefits of aloe vera juice among the population and rising health
consciousness in urban regions are some of the key elements which are expected
to bolster the demand for aloe vera juices over the forecast period i.e.
2017-2024. Likewise, ease availability of aloe vera juice in various flavors at
low cost and rising advertisements through numerous distribution channels are
likely to gain traction of consumers towards aloe vera juice in near future. Furthermore,
growing concern towards health and fitness, increasing awareness regarding
recovery from vitamin deficiency and rising adoption of functional and healthy
drinks in urban regions across the globe are some of the key factors expected
to propel the growth of aloe
vera juice market. Apart from this, aloe vera juices are observed as
convenient way for treatment and consume health supplements to minimize the
deficiency, expected to spur the demand for aloe vera juice substantially
during the forecast period i.e.2017-2024.
Conversely, lack
of awareness of aloe vera juices and their health benefits among the population,
availability of different substitutes and presence of unfortunate taste are
some of the factors affecting the growth of aloe vera juice market globally.
Market size and forecast
The global
aloe vera juice market accounted the largest revenue share in 2016 of overall
aloe vera extracts market across the globe. Moreover, the market of aloe vera
juice is anticipated to register a promising CAGR over the forecast period i.e.
2017-2024.
Asia-Pacific is estimated to be the
most adaptable and revenue spawned region in aloe
vera juice market during the forecast period i.e. 2017-2024. The aloe vera juices consumption has
grown significantly in Asia-Pacific region on account of rising awareness
towards the health benefits of aloe vera extracts, rising concern towards
fitness and adoption of healthy drinks. Increase in aging population across the
region is expected to be a major growth driver for the industry of aloe vera
juice in near future.
On the
other hand, Europe is expected to be the second largest share contributor
across the globe in the market of aloe vera juice by 2023. The market of
European region is expected to propel on the back of rising manufacturers of
aloe vera juices and growing demand for functional drinks due to increasing
health consciousness among the population.
Key Players
The key
manufacturers of aloe-vera juice are as follows:
·
OKF
Corp.
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
ALO
Drink
·
Keumkang
B&F Co., Ltd.
·
Lotte
Chilsung Beverage Co., Ltd.
·
Tulip
International Inc.
·
Medicaps
Ltd.
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The Global
aloe vera juice Market is segmented as follows:
·
By
Product type Market Size and Y-O-Y Growth Analysis
·
By
Flavor type Market Size and Y-O-Y Growth Analysis
·
By
Distribution Channel Market Size and Y-O-Y Growth Analysis
By
Regions
·
North
America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
·
Latin
America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth
Analysis
·
Western
and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest
Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y
Growth Analysis
·
Asia-Pacific
(China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia)
Market Size and Y-O-Y Growth Analysis
·
Middle
East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
·
Rest
of World Market Size and Y-O-Y Growth Analysis
Market
Dynamics
Supply and
Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
To know
more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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