Global Aloe Vera-based Drinks Market 2016-2020
About Aloe Vera-Based Drinks
Aloe vera extracts find wide application in the food, pharmaceutical, and cosmetics industries. The extracts are used to formulate aloe vera-based products such as powders, gels, capsules, drinks, and concentrates. Aloe vera is believed to alleviate skin-related ailments and cardiovascular diseases and aid weight loss. Owing to these factors, consumption of aloe vera among consumers across the world has been on the rise. Aloe vera juice contains various vitamins and minerals essential for the human body. It is widely believed that aloe vera juice helps in curing various problems associated with the human body such as bowel disorders and helps in reducing inflammation in the body such as rheumatism, inflammation of ears, and arthritis.
Technavio’s analysts forecast the global aloe vera-based drinks market to grow at a CAGR of 9.6% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global aloe vera-based drinks market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of aloe vera-based drinks to individual consumers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aloe Vera-Based Drinks Market 2016-2020
Technavio recognizes the following companies as the key players in the global aloe vera-based drinks market: Aloe Farms, ALO, Forever Living Products, Houssy Global, and OKF Corp.
Other Prominent Vendors in the market are: Aloe Vera India, Dynamic Health Laboratories, Essentia Herbs Industries, HAS HERBAL, Lakewood, Okeyfood, Patanjali Ayurveda, Sanjivani Drugs & Research Centre, and Warren Laboratories.
Commenting on the report, an analyst from Technavio’s team said: “The untapped market potential for aloe vera-based drinks in regions such as North America and Europe is a major trend in the market. Exploiting these markets with new products and well-planned marketing strategies can be crucial for the development of the players in the market.”
According to the report, one of the main growth factors of the global aloe vera-based drinks market is the health benefits associated with the consumption of aloe vera. Aloe vera juice contains various nutrients such as calcium, sodium, iron, potassium, manganese, zinc, vitamin A, vitamin B, vitamin C, vitamin E, amino acids, and folic acid, which will fortify the body's immune system.
Further, the report states that the factor that will hamper the growth of the aloe vera-based drinks market is the high price of the products. The aloe vera-based drinks are priced higher than the conventional juice and drink products, which makes them expensive for the average consumer to consume on a day-to-day basis.
Aloe Farms, ALO, Forever Living Products, Houssy Global, OKF Corp, Aloe Vera India, Dynamic Health Laboratories, Essentia Herbs Industries, HAS HERBAL, Lakewood, Okeyfood, Patanjali Ayurveda, Sanjivani Drugs & Research Centre, Warren Laboratories.
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