Aloe Vera Drinks Market by Type (Flavored and Regular), Category (Organic and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026589 | Pages: 100 | Industry: Food and Beverages | Date: Oct 2022 | Type: Global

The market crossed US$ 107.1 Million mark in 2022 and is expected to hit US$ 254.6 million by 2030, recording a CAGR of 11.4% during the forecast period.

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Health benefits associated with aloe vera plant is surging the demand for aloe vera based drinks  

With the rising adoption of a healthy lifestyle among all age groups, consumers are increasingly opting for healthier, natural, and organic beverages. In addition, shifting consumer inclination from high-calorie carbonated drinks to beneficial plant-based drinks is offering lucrative growth opportunities for the market. Moreover, consumers have become very conscious about their health, which has propelled the demand for plant-based healthy drinks such as aloe vera base drinks. Further, the medicinal properties of aloe vera is surging the demand for aloe vera based drinks. It helps in treating burns and wounds, reducing fever, improving lever functionality, and weight management, and is beneficial for various other skin diseases.

Within the report, the market is segmented into type, category, distribution channel, and geography. By type, the market is bifurcated into flavored and regular. On the basis of category, the market is bifurcated into organic and conventional. By distribution channel, the market is categorized into supermarkets and hypermarkets, convenience stores, online retail, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing awareness among consumers regarding consumption of plant-based drinks to drive the market growth

Aloe vera juice is a thick liquid made from the flesh of the aloe vera plant leaf. Aloe vera is a moist plant which is cultivated in a tropical climatic condition. It contains vitamins and minerals, folic acid, enzymes, antioxidants, and amino acid. It helps to replenish skin moisture, thus keeping the skin hydrated. In addition, it offers multiple health benefits, owing to which the demand for aloe vera based drinks is surging. Aloe vera imparts a bitter taste that can be displeasing; however, its taste can be enhanced by adding other fruit juices.

Wide availability of aloe vera based drinks coupled with surging online retail is bolstering the market growth

Owing to elevated disposable incomes and standards of living, and a decline in the price of smartphones, there has been a considerable increase in the number of smartphone users. This factor is positively impacting the online retail business and the surging availability of aloe vera based drinks in various online platforms is contributing to the market growth. Also, consumer demand for weight management solutions has been one of the key factors driving the demand for aloe vera-based drinks over the past few years. Moreover, obese, and overweight people are more prone to other chronic diseases, such as diabetes and cardiovascular diseases. Increasing instances of chronic diseases drive the demand for aloe vera drinks in the global market.

Recent strategic developments in aloe vera based drinks market

The aloe vera based drinks market has undergone several significant developments, and a few of these have been mentioned below:

  • In April 2018, the aloe vera beverage brand Simplee Aloe responded to the introduction of the British sugar tax by launching two aloe vera mortgage waters in UK.
  • In January 2018, Baidyanath Ayurved launched aloe vera natural juice.

 

The aloe vera based drinks market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. OKF Corporation, Houssy Global, Tulip International Inc., Lotte Chilsung Beverage Co., and Forever Living.com, L.L.C. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Aloe vera drink manufacturers
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Aloe vera beverages devices distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Flavored
    • Regular
  • Category:
    • Organic
    • Conventional
  • Distribution Channel:
    • Supermarkets and Hypermarkets
    • Convenience Stores
    • Online Retail
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • OKF Corporation
    • Houssy Global
    • Tulip International Inc.
    • Lotte Chilsung Beverage Co.
    • Forever Living.com, L.L.C.

The List of Companies
- OKF Corporation
- Houssy Global
- Tulip International Inc.
- Lotte Chilsung Beverage Co.
- Forever Living.com, L.L.C.

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