Global Aloe Vera extracts are widely used for treating various diseases such as teeth and gum-related diseases, protection against skin damage, diabetes, among others. Moreover, factors such as relief from burns due to chemical injuries, sunburns, among others are expected to boost the growth of the global aloe vera extracts market.
Market Dynamics
The globa laloe vera extracts market is segmented based on the form including gels, drinks, powders, capsules, and concentrates. Aloe vera extract-based drinks are expected to gain traction during the forecast period owing to their easy availability and low sugar content as compared to other drinks with artificial ingredients. For instance, in July 2022, the organic beauty and Personal Care Company Organic Harvest introduced a brand-new assortment of organic aloe vera gel. There are four different versions of the products are available.
Among End Use industry, the cosmetics segment is expected to hold a significant market revenue share over the forecast period. This is owing to increasing demand and increasing awareness regarding harmful effects related to the use of chemical-based cosmetic products. For instance, chemical-based cosmetics such as skin allergies, acne, premature aging, and cancer, among others.
However, high doses of aloe vera extracts can lead to stomach pain, cramps, diarrhea, and kidney problems, among others. These factors can further hamper the growth of the global aloe vera extracts market during the forecast period.
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