North America Aloe Vera Juice Market Size, Share & Trends Analysis Report By Flavor Type (Unflavored and Flavored), By Distribution Channel, By Application (Food & Beverage Products, Cosmetics, Medicine and Others), By Country and Growth Forecast, 2024 -
Description
North America Aloe Vera Juice Market Size, Share & Trends Analysis Report By Flavor Type (Unflavored and Flavored), By Distribution Channel, By Application (Food & Beverage Products, Cosmetics, Medicine and Others), By Country and Growth Forecast, 2024 - 2031
The North America Aloe Vera Juice Market would witness market growth of 5.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 196.4 kilo tonnes, showcasing a growth of 9.5% (2020-2023).
Aloe Vera Juice serves as a versatile ingredient renowned for its moisturizing, soothing, and healing properties. Incorporated into skincare formulations like moisturizers, lotions, and facial masks, it effectively hydrates the skin, alleviates inflammation, and promotes skin regeneration. Thus, the US market consumed 173.0 kilo tonnes of Aloe vera juice in the market 2021.
The US market dominated the North America Aloe Vera Juice Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,152 million by 2031. The Canada market is experiencing a CAGR of 7.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7% during (2024 - 2031).
The market has emerged as a prominent segment within the broader beverage industry, fueled by the growing consumer interest in health and wellness. Aloe vera juice, derived from the succulent aloe vera, has garnered considerable attention due to its purported health advantages and inherent qualities.
Additionally, it is known that aloe vera juice reconditions the skin, aids in digestion, and increases immunity. It is also an excellent source of antioxidants, vitamins, and minerals.
Moreover, the expanding cosmetic industry in Mexico has increased demand for aloe vera juice, driven by its numerous benefits for skin health and beauty. Additionally, Mexico's cosmetics and personal care products industry is estimated at USD 7.24 million in 2022, making it an important sub-sector of consumer goods in Mexico. The Mexican market is ranked among the top 10 for cosmetics and personal care products. The main category imported into Mexico in 2022 was makeup and skincare, followed by perfumes and body splashes, shaving products, hair care, and soaps.
Based on Flavor Type, the market is segmented into Unflavored and Flavored. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Medical Stores, Departmental Stores, and Online Retail. Based on Application, the market is segmented into Food & Beverage Products, Cosmetics, Medicine and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ALO Drink (SPI West Port Group)
- Lily of the Desert
- OKF Corporation
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Herbalife nutrition Ltd.
- Aloe Farms, Inc.
- NOW Health Group, Inc.
- Terry Laboratories Inc.
- Dynamic Health Laboratories, Inc.
- Forever Living Imports (India) Pvt. Ltd.
By Flavor Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)
- Unflavored
- Flavored
- Hypermarkets & Supermarkets
- Medical Stores
- Departmental Stores
- Online Retail
- Food & Beverage Products
- Cosmetics
- Medicine
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
112 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Aloe Vera Juice Market, by Flavor Type
- 1.4.2 North America Aloe Vera Juice Market, by Distribution Channel
- 1.4.3 North America Aloe Vera Juice Market, by Application
- 1.4.4 North America Aloe Vera Juice Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Aloe Vera Juice Market by Flavor Type
- 4.1 North America Unflavored Market by Country
- 4.2 North America Flavored Market by Country
- Chapter 5. North America Aloe Vera Juice Market by Distribution Channel
- 5.1 North America Hypermarkets & Supermarkets Market by Country
- 5.2 North America Medical Stores Market by Country
- 5.3 North America Departmental Stores Market by Country
- 5.4 North America Online Retail Market by Country
- Chapter 6. North America Aloe Vera Juice Market by Application
- 6.1 North America Food & Beverage Products Market by Country
- 6.2 North America Cosmetics Market by Country
- 6.3 North America Medicine Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Aloe Vera Juice Market by Country
- 7.1 US Aloe Vera Juice Market
- 7.1.1 US Aloe Vera Juice Market by Flavor Type
- 7.1.2 US Aloe Vera Juice Market by Distribution Channel
- 7.1.3 US Aloe Vera Juice Market by Application
- 7.2 Canada Aloe Vera Juice Market
- 7.2.1 Canada Aloe Vera Juice Market by Flavor Type
- 7.2.2 Canada Aloe Vera Juice Market by Distribution Channel
- 7.2.3 Canada Aloe Vera Juice Market by Application
- 7.3 Mexico Aloe Vera Juice Market
- 7.3.1 Mexico Aloe Vera Juice Market by Flavor Type
- 7.3.2 Mexico Aloe Vera Juice Market by Distribution Channel
- 7.3.3 Mexico Aloe Vera Juice Market by Application
- 7.4 Rest of North America Aloe Vera Juice Market
- 7.4.1 Rest of North America Aloe Vera Juice Market by Flavor Type
- 7.4.2 Rest of North America Aloe Vera Juice Market by Distribution Channel
- 7.4.3 Rest of North America Aloe Vera Juice Market by Application
- Chapter 8. Company Profiles
- 8.1 ALO Drink (SPI West Port Group)
- 8.1.1 Company Overview
- 8.1.2 SWOT Analysis
- 8.2 Lily of the Desert
- 8.2.1 Company Overview
- 8.2.2 SWOT Analysis
- 8.3 OKF Corporation
- 8.3.1 Company Overview
- 8.3.2 SWOT Analysis
- 8.4 Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- 8.4.1 Company Overview
- 8.4.2 SWOT Analysis
- 8.5 Herbalife Nutrition Ltd.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Regional Analysis
- 8.5.4 SWOT Analysis
- 8.6 Aloe Farms, Inc.
- 8.6.1 Company Overview
- 8.6.2 SWOT Analysis
- 8.7 NOW Health Group, Inc.
- 8.7.1 Company Overview
- 8.7.2 SWOT Analysis
- 8.8 Terry Laboratories Inc.
- 8.8.1 Company Overview
- 8.8.2 SWOT Analysis
- 8.9 Dynamic Health Laboratories, Inc. (Nutraceutical International Corporation)
- 8.9.1 Company Overview
- 8.9.2 SWOT Analysis
- 8.10. Forever Living Imports (India) Pvt. Ltd.
- 8.10.1 Company Overview
- 8.10.2 SWOT Analysis
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