Aloe Vera Drinks Market

Aloe Vera Drinks Market size is forecast to reach USD 86 Billion by 2027, estimated to grow at a CAGR of 9.8% during 2020-2027.

Aloe vera is a plant species of the genus aloe and grows in tropical climatic conditions in various countries across the globe. Aloe vera is used in food, cosmetics, and medicinal uses and has multiple applications in the food, pharmaceutical, and cosmetics industry.  Aloe vera is known to alleviate skin-related ailments, cardiovascular diseases, weight loss, and various other diseases.

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The significant factors driving the growth of the global aloe vera drinks market are the growing awareness about the healthy lifestyle in all age groups and the increasing number of customers opting healthier, natural, and organic beverages. Moreover, changing consumers’ preference from high-calorie carbonated drinks to beneficial plant-based drinks is expected to offer lucrative opportunities for the market over the forecast period. Consumers worldwide have become more aware of their health, which will propel the demand for plant-based healthy drinks. Aloe Vera has numerous medicinal properties and is used in the treatment of burns, wounds, weight management, fever, improving liver functionality, and others.

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Based on the Product Type, Flavoured Aloe Vera segment is anticipated to witness a higher CAGR during the forecast period owing to the rising consumer preference for healthy and nutritious plant-based drinks. Moreover, the increasing vegan populations and growing adoption of healthy plant-based drinks over carbonated beverages are the emerging trends that are anticipated to boost the demand over the forecast period.

Based on the distribution channel, the hypermarket & supermarket segment is projected to grow at a faster CAGR over the forecast period. The increasing number of new brick and mortar stores across the globe to expand their customer base which is one of the major factors that is contributing to the growth of the market. Moreover, the leading manufacturers are promoting their products through offline retail stores, such as hypermarkets and supermarkets. On the other hand, the online segment is expected to dominate the market during the forecast period due to the growing internet access and increasing penetration of mobile phones and shifting from brick and mortar stores to e-commerce. Furthermore, manufacturers are progressively showcasing their products across different online platforms to enhance their product visibility, especially in the developing markets, which will further increase the growth of the segment.

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Based on the region, North America is expected to lead the global aloe vera drinks market over the forecast period. This is mainly due to the increasing adoption of a healthy lifestyle owing to the rising disposable income of the consumers. Additionally, the growing obesity and overweight problems in the population is further encouraging the consumers to opt for effective aloe-based drinks for weight management.

Various notable players operating in the market include OKF Corporation, Houssy Global, Tulip International Inc., Lotte Chilsung Beverage Co., Ltd., Forever Living.com, L.L.C., ALO Drinks, Aloe Drink For Life, Keumkang B&F Co., Ltd., and Aloe Farms, Inc., among others.

The global Aloe Vera Drinks Market has been segmented based on product type, distribution channel, and regions. Based on Product Type, the market is segmented into flavoured and unflavoured. Based on distribution channel, the market is segmented into hypermarket & supermarket, drugstores, online stores, and others.

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Key questions answered in this research report:

• • At what pace is global Aloe Vera Drinks Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Aloe Vera Drinks Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Aloe Vera Drinks Market?
  • What are the various product types of global Aloe Vera Drinks Market and how they are poised to grow?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Material Types during the forecast period?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Aloe Vera Drinks Market by Product Type 

• • Flavoured
  • Unflavoured

Global Aloe Vera Drinks Market by Distribution Channel

• • Hypermarket & Supermarket
  • Drugstores
  • Online
  • Others

Global Aloe Vera Drinks Market by Region

• • North America Aloe Vera Drinks Market (Option 1: As a part of the free 25% customization)
    • North America Aloe Vera Drinks Market by Product Type
    • North America Aloe Vera Drinks Market by Distribution Channel
    • US Aloe Vera Drinks Market All-Up
    • Canada Aloe Vera Drinks Market All-Up
  • Europe Aloe Vera Drinks Market (Option 2: As a part of the free 25% customization)
    • Europe Aloe Vera Drinks Market by Product Type
    • Europe Aloe Vera Drinks Market by Distribution Channel
    • UK Aloe Vera Drinks Market All-Up
    • Germany Aloe Vera Drinks Market All-Up
    • France Aloe Vera Drinks Market All-Up
    • Spain Aloe Vera Drinks Market All-Up
    • Rest of Europe Aloe Vera Drinks Market All-Up
  • Asia-Pacific Aloe Vera Drinks Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Aloe Vera Drinks Market by Product Type
    • Asia-Pacific Aloe Vera Drinks Market by Distribution Channel
    • China Aloe Vera Drinks Market All-Up
    • India Aloe Vera Drinks Market All-Up
    • Japan Aloe Vera Drinks Market All-Up
    • Rest of APAC Aloe Vera Drinks Market All-Up
  • RoW Aloe Vera Drinks Market (Option 4: As a part of the free 25% customization)
    • RoW Aloe Vera Drinks Market by Product Type
    • RoW Aloe Vera Drinks Market by Distribution Channel
    • Brazil Aloe Vera Drinks Market All-Up
    • South Africa Aloe Vera Drinks Market All-Up
    • Saudi Arabia Aloe Vera Drinks Market All-Up
    • UAE Aloe Vera Drinks Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Aloe Vera Drinks Market All-Up

Global Organic Food Leading Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • OKF Corporation
  • Houssy Global
  • Tulip International Inc.
  • Lotte Chilsung Beverage Co., Ltd
  • Forever Living.com, L.L.C.
  • ALO Drinks 
  • Aloe Drink For Life
  • Keumkang B&F Co., Ltd.
  • Aloe Farms, Inc. 
  • Atlantia UK Ltd.