Asia Pacific Aloe Vera Drink Market was worth USD XX billion in 2021 and estimated to be growing at a CAGR of XX%, to reach USD XX billion by 2026.
Aloe vera extracts are used in various industries like food, pharmaceutical, and cosmetics industries. The extracts are used to formulate aloe vera-based products such as gels, capsules, powders, drinks, and concentrates. Aloe vera is believed to alleviate skin-related ailments and cardiovascular diseases and aid weight loss.
With a rise in the adoption of a healthy lifestyle by the consumers is driving the market. Besides helping in detoxification of the body, these drinks also lower the cholesterol and blood sugar and aid in smooth digestion hair growth. The growing popularity of these drinks, especially among the fitness-conscious millennial, has propelled various players to enter into strategic partnerships and come up with new product variants to cater to the consumer demands. 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. One of the major market restraint is the lack of knowledge among consumers about the various health benefits of aloe vera.
Asia Pacific Aloe Vera Drink Market Segmentation by product type, flavour and distribution channel. By product type the market is divided into ready to drink juice, crush and pulp. Aloe vera juice market accounted for the largest share in the market. By flavour the market is classified into flavoured and non-flavoured. By distribution channel the market is segmented into pharmaceutical shops, departmental stores, supermarkets and online stores.
On the basis of geography, the market is analysed under various regions namely China, India, Japan, Australia and South Korea. The Aloe Vera Drink market was dominated by Asia Pacific and is considered to be the most adaptable and revenue spawned region. 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. Rise in aging population across the region is expected to be a major growth driver for the industry of aloe vera juice in near future.
Key Players in the Market:
Major key players in the Asia Pacific Aloe Vera Drink Market are
OKF Corp. , ALO Drink, Keumkang B&F Co., Ltd., Lotte Chilsung Beverage Co., Ltd. , Tulip International Inc. , Medicaps Ltd., Aloe Farms, Forever Living Products, Houssy Global.
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