The global aloe vera extract market revenue was valued at USD 2.86 billion in 2024 and is projected to grow to USD 3.09 billion in 2025. By 2032, it is expected to reach USD 5.34 billion, expanding at a CAGR of 8.15% during the forecast period.

In 2024, Europe led the global market, accounting for 33.92% of the total share.

The United States market is also projected to experience significant expansion, reaching USD 952.81 million by 2032, driven by increasing adoption of aloe vera extract as a natural and herbal ingredient across food, pharmaceutical, and personal care industries.

Aloe vera, a succulent plant species native to the Arabian Peninsula and a member of the lily family, has been utilized for centuries for its therapeutic and healing properties. Its extracts are widely used in food & beverages, pharmaceuticals, and cosmetics, owing to their beneficial biological components.

Aloe vera leaves are abundant in bioactive compounds such as polyphenols, phytosterols, fatty acids, alkanes, indoles, alkaloids, organic acids, alcohols, and ketones, which enhance its effectiveness and versatility across diverse applications.

Information Source: https://www.fortunebusinessinsights.com/aloe-vera-extract-market-103893

Market Segmentation Insights

By Product Form: The market is segmented into liquid, gel, powder, and others.

The liquid form has remained dominant since 2019 due to its extensive use in haircare, skincare, and body care products. The gel segment is rapidly gaining popularity for its effectiveness in treating sunburns and chemically induced skin conditions.

By Application: The cosmetics segment held the largest market share in 2022, propelled by the increasing incorporation of aloe vera in beauty and skincare formulations and the rising incidence of dermatological concerns.

By Distribution Channel:

The market is categorized into offline and online channels. Offline platforms—including supermarkets, hypermarkets, and specialty stores—continue to dominate due to their physical accessibility, wider product range, and consumer trust in in-person purchases.

Regional Insights

The aloe vera extract market is geographically divided into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

• Europe: Expected to retain its leadership position, supported by strong consumer interest in organic and natural wellness products, especially in Germany, the U.K., and France.
• Asia Pacific: Forecast to exhibit the fastest growth, with India and China emerging as key centers for aloe vera cultivation and export.
• North America: Maintains a significant market share due to growing utilization of aloe vera in oral care, hair loss treatment, and cancer therapy. Additionally, Mexico’s Yucatán Peninsula serves as an important regional hub for aloe vera farming.

Market Growth Drivers and Challenges

Key Drivers: