Middle East & Africa Aloe Vera Extracts Market Outlook, 2028
The Middle East and Africa market is projected to reach market size of more than USD 230 Million by 2028 due to traditional use in skincare and healing.
The Aloe Vera extract market across the MEA region offers a diverse range of products, including Aloe Vera gels, juices, creams, and dietary supplements, catering to the diverse preferences of health-conscious consumers. Aloe vera, often referred to as the "miracle plant" is a remarkable succulent that has captured human fascination for millennia. This plant's uniqueness lies in its multifaceted utility and the plethora of benefits it offers. With its fleshy, gel-filled leaves, aloe vera has been used across diverse cultures and throughout history for its healing properties. Whether applied topically to soothe sunburned skin, used in cosmetics for its moisturizing and anti-aging effects, or ingested as a dietary supplement for its potential digestive and immune-boosting benefits, aloe vera remains an unparalleled botanical wonder. Its adaptability to various climates and environments allows it to thrive in both arid desert landscapes and potted plants on windowsills, making it accessible to people around the world. Beyond its practical applications, aloe vera also holds a place in folklore and traditional medicine, symbolizing resilience and rejuvenation. In essence, aloe vera's uniqueness lies not only in its diverse applications but also in its ability to bridge the gap between ancient remedies and modern wellness, embodying the enduring connection between humans and the healing power of nature.
According to the research report “Middle East & Africa Aloe Vera Extract Market Outlook, 2028," published by Bonafide Research, The market is projected to reach market size of more than USD 230 Million by 2028. As consumers increasingly prioritize health and wellness, the Aloe Vera extract market in the Middle East and Africa is expected to continue its upward trajectory. This presents both local and international companies with opportunities to invest in research, innovation, and sustainable sourcing practices, further solidifying the MEA region's position in the flourishing Aloe Vera extract market. The future holds promising prospects for this industry as it meets the evolving demands of a health-conscious and environmentally aware consumer base in the MEA region and beyond. Sustainability and ethical sourcing practices, such as organic and fair trade certifications, are also gaining prominence in the MEA region, ensuring the long-term viability of the Aloe Vera extract industry. This emphasis on responsible sourcing aligns with the growing global trend towards environmentally friendly and socially responsible products, further boosting the market's growth prospects.
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On the basis of geography in Middle East & Africa Aloe Vera extract market Saudi Arabia, the United Arab Emirates (UAE), and South Africa are key players in this growing market. Saudi Arabia has witnessed a surge in the demand for Aloe Vera extract due to its traditional usage in various health and wellness practices. Aloe Vera is widely used for its soothing and healing properties in skincare products, dietary supplements, and cosmetics. Similarly, the UAE has seen a significant uptick in the Aloe Vera extract market, primarily driven by the country's emphasis on high-quality personal care products and wellness solutions. Aloe Vera-based products have gained popularity among health-conscious consumers, and they are increasingly used in skincare, hair care, and dietary supplements. Additionally, the UAE's status as a global hub for trade and tourism has facilitated the import and distribution of Aloe Vera extracts. In South Africa, Aloe Vera is a native plant, and the country boasts a long history of utilizing its medicinal properties. South Africa is not only a significant producer of Aloe Vera extract but also a key exporter to other regions. The local market is fueled by a growing interest in herbal remedies and natural skincare products. South African Aloe Vera extract is not only consumed domestically but also exported to international markets due to its high quality.
Based on the product types, A. Vera market is segmented into Aloe Vera Gel Extract and the Aloe Vera Whole Leaf Extract. Aloe vera whole leaf extract includes the entire leaf of the plant, including the gel and the outer leaf's green rind. According to the data, the Aloe Vera Whole Leaf Extract, holds the largest CAGR for the year 2023-2028. Aloe vera gel extract stands as the dominant force, holding the largest market share. This prominence is attributed to the widespread use and popularity of Aloe vera gel extract in various industries, particularly skincare and cosmetics. Consumers have developed a strong affinity for skincare and personal care products that harness the soothing and moisturizing properties of Aloe vera gel extract. Its ability to hydrate the skin without leaving a greasy residue has made it a sought-after ingredient in moisturizers, sunscreens, and anti-aging creams. Moreover, Aloe vera gel extract's anti-inflammatory qualities have contributed to its prevalence in products designed to alleviate skin irritations, redness, and sunburn.
On the basis of different forms of Aloe Vera extracts, like liquid, gel, oil, capsules/tablets, and powders. Aloe vera gel is perhaps the most recognizable and widely used form of Aloe vera extract. It is a clear, viscous substance extracted from the inner leaf of the Aloe plant. Aloe vera gel is renowned for its hydrating, soothing, and cooling properties, making it a staple in skincare and cosmetic products. It is used in moisturizers, sunscreens, after-sun lotions, and anti-aging creams to provide relief from skin irritations, sunburn, and to promote overall skin health. Aloe vera capsules and tablets represent convenient and increasingly popular ways for individuals to incorporate the numerous potential health benefits of Aloe vera into their daily routines. These forms of Aloe vera extracts are created by concentrating the beneficial compounds found in the plant, typically Aloe vera gel, and encapsulating or compressing them into easy-to-administer doses. Aloe vera oil is known for its moisturizing and emollient properties, making it a valuable addition to skincare products such as lotions, massage oils, and hair treatments. Aloe vera oil is often used to enhance skin hydration and promote a healthy scalp.
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On the basis of Applications, the market is segmented into Cosmetics, Food & Beverages, and Pharmaceuticals. Aloe vera extracts have found a valuable niche within the food and beverage industry, where their unique properties add both flavor and potential health benefits to a variety of products. In the beverage sector, Aloe vera is often incorporated into drinks such as juices, smoothies, and flavored water. Aloe vera gel or Aloe vera powder is used to lend a mild, slightly tangy flavor to these beverages, making them refreshing and distinctive. Aloe vera has a rich history of applications in the pharmaceutical industry, owing to its numerous medicinal properties and versatile therapeutic potential. The gel extracted from the succulent leaves of the Aloe vera plant contains a wide array of bioactive compounds, making it a valuable ingredient in various pharmaceutical formulations. Aloe vera is also widely utilized in personal care products for its hair care benefits. Its natural enzymes help maintain a healthy scalp by soothing itchiness and reducing dandruff. Shampoos, conditioners, and hair masks with Aloe vera extract are sought after for their ability to promote hair strength, hydration, and overall health.
On the basis of Aloe vera extract distributional channels, the market is segmented into Conventional stores, Hypermarkets/ Supermarkets, Direct Sales, Online, and Others (Cosmetic Stores). As per the data, the Conventional stores dominate the market in 2022. Consumers trust these outlets to provide safe and effective products, further contributing to the widespread availability of Aloe vera extracts in such retail spaces. Online retailers, including e-commerce giants and specialized health and beauty websites, offer an extensive selection of Aloe vera-based items, catering to a diverse range of consumer needs. This expansive online marketplace allows consumers to explore various forms of Aloe vera extracts, from gels and creams to dietary supplements and more, with the convenience of reading detailed product descriptions and customer reviews. Additionally, the ongoing digital transformation of retail, especially accelerated by the COVID-19 pandemic, has led to a shift in shopping behaviors. Many consumers now prefer the convenience, safety, and efficiency of online shopping, which have contributed to the growing sales of Aloe vera extracts through digital channels.
Companies covered in the report:
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Foodchem International Corporation, Ashland Inc., Forever Living Products, Terry Laboratorie, Aloecorp, Aloe Laboratories, Herbalife Nutrition Ltd., , Dabur Ltd , L'Oréal S.A, Nature's Way
Considered in this report:
• Geography: Middle East and Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028
Aspects covered in this report:
• Middle East and Africa Aloe Vera Extract Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Country covered in the report:
• United Arab Emirates (UAE)
• Saudi Arabia
• South Africa
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analysing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.
Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Aloe Vera Extract Market industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Companies Mentioned
L'Oreal India Private Limited
Foodchem International Corporation.
Ashland Inc.
Herbalife Nutrition Ltd.
Forever Living Products
Terry Laboratorie
Aloecorp
Aloe Laboratories
Nature's Way
Table of Contents
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global Aloe Vera Extract Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By Product
5.4. Market Size and Forecast, By Product Form
5.5. Market Size and Forecast, By Application
5.6. Market Size and Forecast, By Distribution Channel
6. Middle East & Africa Aloe Vera Extract Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Product
6.4. Market Size and Forecast, By Product Form
6.5. Market Size and Forecast, By Application
6.6. Market Size and Forecast, By Distribution Channel
7. Market Dynamics
7.1. Market Drivers & Opportunities
7.2. Market Restraints & Challenges
7.3. Market Trends
7.4. Covid-19 Effect
7.5. Supply chain Analysis
7.6. Policy & Regulatory Framework
7.7. Industry Experts Views
7.8. UAE Aloe Vera Extract Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Size and Forecast By Product
7.8.3. Market Size and Forecast By Product Form
7.8.4. Market Size and Forecast By Application
7.8.5. Market Size and Forecast By Distribution Channel
7.9. Saudi Arabia Aloe Vera Extract Market Outlook
7.9.1. Market Size By Value
7.9.2. Market Size and Forecast By Product
7.9.3. Market Size and Forecast By Product Form
7.9.4. Market Size and Forecast By Application
7.9.5. Market Size and Forecast By Distribution Channel
7.10. South Africa Aloe Vera Extract Market Outlook
7.10.1. Market Size By Value
7.10.2. Market Size and Forecast By Product
7.10.3. Market Size and Forecast By Product Form
7.10.4. Market Size and Forecast By Application
7.10.5. Market Size and Forecast By Distribution Channel
8. Competitive Landscape
8.1. Competitive Dashboard
8.2. Business Strategies Adopted by Key Players
8.3. Key Players Market Positioning Matrix
8.4. Porter's Five Forces
8.5. Company Profile
8.5.1. Foodchem International Corporation
8.5.1.1. Company Snapshot
8.5.1.2. Company Overview
8.5.1.3. Financial Highlights
8.5.1.4. Geographic Insights
8.5.1.5. Business Segment & Performance
8.5.1.6. Product Portfolio
8.5.1.7. Key Executives
8.5.1.8. Strategic Moves & Developments
8.5.2. Ashland Inc.
8.5.3. Forever Living Products
8.5.4. Terry Laboratorie
8.5.5. Aloecorp
8.5.6. Aloe Laboratories
8.5.7. Herbalife Nutrition Ltd.,
8.5.8. L'Oréal S.A
8.5.9. Nature's Way
9. Strategic Recommendations
10. Annexure
10.1. FAQ`s
10.2. Notes
10.3. Related Reports
11. Disclaimer
List of Table
Table 1 : Global Aloe Vera Extract Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5 : Global Aloe Vera Extract Market Size and Forecast, By Product (2017 to 2028F) (In USD Billion)
Table 6 : Global Aloe Vera Extract Market Size and Forecast, By Product Form (2017 to 2028F) (In USD Billion)
Table 7 : Global Aloe Vera Extract Market Size and Forecast, By Application (2017 to 2028F) (In USD Billion)
Table 8 : Global Aloe Vera Extract Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 9 : Middle East & Africa Aloe Vera Extract Market Size and Forecast, By Product (2017 to 2028F) (In USD Billion)
Table 10 : Middle East & Africa Aloe Vera Extract Market Size and Forecast, By Product Form (2017 to 2028F) (In USD Billion)
Table 11 : Middle East & Africa Aloe Vera Extract Market Size and Forecast, By Application (2017 to 2028F) (In USD Billion)
Table 12 : Middle East & Africa Aloe Vera Extract Market Size and Forecast, By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 13 : Influencing Factors for Aloe Vera Extract Market, 2022
Table 14 : United Arab Emirates Aloe Vera Extract Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 15 : United Arab Emirates Aloe Vera Extract Market Size and Forecast By Product Form (2017 to 2028F) (In USD Billion)
Table 16 : United Arab Emirates Aloe Vera Extract Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 17 : United Arab Emirates Aloe Vera Extract Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 18 : Saudi Arabia Aloe Vera Extract Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 19 : Saudi Arabia Aloe Vera Extract Market Size and Forecast By Product Form (2017 to 2028F) (In USD Billion)
Table 20 : Saudi Arabia Aloe Vera Extract Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 21 : Saudi Arabia Aloe Vera Extract Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
Table 22 : South Africa Aloe Vera Extract Market Size and Forecast By Product (2017 to 2028F) (In USD Billion)
Table 23 : South Africa Aloe Vera Extract Market Size and Forecast By Product Form (2017 to 2028F) (In USD Billion)
Table 24 : South Africa Aloe Vera Extract Market Size and Forecast By Application (2017 to 2028F) (In USD Billion)
Table 25 : South Africa Aloe Vera Extract Market Size and Forecast By Distribution Channel (2017 to 2028F) (In USD Billion)
List of Figures
Figure 1: Global Aloe Vera Extract Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global Aloe Vera Extract Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global Aloe Vera Extract Market Share By Region (2022)
Figure 6: Middle East & Africa Aloe Vera Extract Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Middle East & Africa Aloe Vera Extract Market Share By Country (2022)
Figure 8: UAE Aloe Vera Extract Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Saudi Arabia Aloe Vera Extract Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: South Africa Aloe Vera Extract Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2022
Figure 12: Porter's Five Forces of Global Aloe Vera Extract Market
Market Research FAQs
The market size is anticipated to reach at more than 230 Million in 2028; it has been steadily growing due to increasing awareness of Aloe vera's health benefits.
The market is primarily driven by the rising demand for natural and organic products, the growing interest in health and wellness, and the use of Aloe vera in various industries, including cosmetics, food and beverages, and pharmaceuticals.
Regulations can vary from country to country in the Middle East and Africa. It's essential for businesses to be aware of and comply with the specific regulations governing the production, labeling, and sale of Aloe vera products in each market.
Challenges include issues related to quality control, supply chain management, and competition from synthetic alternatives. Additionally, fluctuations in Aloe vera crop yields due to weather conditions can impact the market.
South Africa, Egypt, Saudi Arabia, and the United Arab Emirates are among the largest consumers of Aloe vera products in the region.
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