Aloe Vera Extract Market Forecast 2024 to 2032
Aloe vera extract is a natural substance derived from the leaves of the aloe vera plant. Aloe vera is a succulent plant that has been used for its medicinal and skincare properties for centuries. The gel-like substance found within the leaves contains a range of biologically active compounds that are believed to offer various health and skincare benefits. Aloe vera extract is used in a wide range of products, including skincare formulations, dietary supplements, and topical applications.
The Aloe Vera Extract Market was valued at USD 1,501.19 Million in 2022 and is expected to register a CAGR of 4.56% by 2032.
Increasing consumer preference for natural and plant-based ingredients in products, including skincare, cosmetics, and dietary supplements, drives demand for aloevera extract.