Report Description :-
The recent market intelligence report,
published by Data Insights Partner on the aloe vera drinks market makes an
offering of in-depth analysis of and sub-segments in both the regional and
international market. The research also emphasizes on the impact of drivers,
restraints and macro indicators on the regional and global aloe vera drinks market
over the short as well as long period of time. The report also includes the
benefits and market opportunities presented in this field. Beside this, a
detailed presentation of forecast, trends, and dollar values of the global
market is offered too. In accordance with the report, the aloe vera drinks market
is projected to expand at a CAGR of 11.3% over the period of forecast period of
2020-2028.
Market Insights, Drivers, Restraints and
Opportunities :-
The aloe vera is of the moist plant
species belonging to the Lily (Liliaceae)
family whose different parts are used for different purposes. It mainly is used
in medical, cosmetics, foods and beverages sectors. Aloe vera juice is prepared
by crushing the leaves of the said plant first, then subsequently purifying the
liquid and later mixing it into smoothies and shakes. The drink has a mild and
tolerable flavour and it contains several active components like vitamins and
minerals, amino acids, enzymes, polysaccharides and fatty acids etc which are
good for human body.
Aloe Vera
has a wide range of remedial usage which provides both external and internal
benefits. Internally it enhances hydration, improves liver function, digestion and
thus metabolism rate, gives the body a nutritious boost. Externally it is very
good for skin and hair. As a matter of fact, the market for aloe vera drinks is
expanding very rapidly over the past few years for its growing demand in
medical sectors. The said market is also growing due to an increase in demand
in aloe vera extracts in food and beverages industries as customers are
becoming more and more conscious and aware about their health. The rising concerns
over vitamin and mineral deficiency is also playing a big role in the growth of
the aloe vera drink market. The drink also has a high demand in beauty products
and cosmetics market for its anti-aging and skin nourishing properties.
The aloe
vera drink market has a huge potential. Though it is expanding very fast day by
day, many things are preventing it from using its full potential. Some of these
restraints are–
·
Over consumption of these
drinks might result into liver dysfunctions and allergic reactions.
·
The aloe vera extracts contain
anthraquinone, so drinking it in large proportion might cause severe diarrhoea.
·
Eating aloe vera while
breastfeeding might cause severe diarrhoea in the baby.
·
During pregnancy, it might
cause miscarriage and congenital deficits.
·
The aloe vera plants are very
costly and as a result the products, here the drinks, are quite expensive too.
Depending
upon the type, the global aloe vera market is divided into two major parts–
Flavored and Non-flavored Aloe Vera Juice Markets. The non-flavored foods
occupy a huge part of the aloe vera drink market as it is mainly used for
medical purposes. It is expected to maintain a dominance in the forecast period
as aloe is, currently, being used as the main component for the medicine for
diarrhoea and other digestion related problems. By product type, there are mainly
three types– ready to drink juice, crush and pulp. Among these, ready to drink
segment is expected to grow more rapidly than others. And by distribution
channel it is divided into both offline and e-commerce stores. Though the
offline stores are accounted for the 93% sales now, it is believed that the
online sales will rise to a two-digit number during the forecast period.
Segmentation of Aloe Vera Drink Market:-
This market intelligence report on the
aloe vera drink market is segmented based on flavour, product, distribution
channel and the country/regions.
By Flavour, the aloe vera drinks market
is divided into–
§
Flavored
§
Unflavored
By Product, the aloe vera drinks
market segregated into–
§
Ready-to-drink
Juice
§
Crush
§
Pulp
§
By Application
§
Food &
Beverage Products
§
Cosmetics
§
Medicine
By Distribution Channel, the aloe vera drinks market is segmented into–
§
Hypermarkets and
Supermarkets
§
Drug Stores
§
Online
§
Others
By Regional Outlook, the aloe vera
drinks market is divided into–
§
North America
(the U.S., Canada, Mexico),
§
Europe (France,
Germany, UK Spain, Italy),
§
Middle East
& Africa (South Africa, Saudi Arabia, UAE),
§
Asia Pacific (
India, Australia, China, Japan, South Korea)
§
South America
(Brazil, Argentina)
Profiling of Market Players:-
This business intelligence report
offers profiling of reputed companies that are operating in the market.
Companies such as
§
OKF Corporation
§
Houssy Global
§
Tulip
International Inc.
§
Lotte Chilsung
Beverage Co., Ltd.
§
Forever Living.com,
L.L.C.
§
ALO Drinks
§
Aloe Drink For
Life
§
Keumkang B&F
Co., Ltd.
§
Aloe Farms, Inc.
§
Atlantia UK Ltd.
§
Suja Life
§
ESL spa
§
Simplee Alo
§
Grace Foods
§
RitaFood
§
Drink Co., Ltd
§
Okyalo
§
Savia
§
Tory’s Choice Inc.
§
Patanjali
Other players have been profiled into
detail so as to offer a glimpse of the market leaders. Moreover, parameters
such aloe vera drink market related investment and spending and developments by
major players of the market are tracked in this global report.
Market Competitive Analysis:-
Key
players are adopting strategies such as investing in R&D, new product
launches, expansion in distribution channels to stand out as strong competitors
in the market. Global Aloe Vera Drink is a competitive market with the presence
of various global and regional players in the market. The major players like
ALO, Aloe Farms, Forever Living Products, Houssy Global and other key players
in the market include OKF, Lotte Chilsung Beverage Co., Ltd are trying to gain
the market power in their hands by producing the products in low costs and thus
charging low prices and using different kind of marketing campaigns.
Report Highlights:-
An in-depth analysis of the micro and
macro indicators, market trends, and forecasts of demand is offered by this
business intelligence report. Furthermore, the report offers a vivid picture of
the factors that are steering and restraining the growth of this market across
all geographical segments. In addition to that, Growth Matrix analysis is also
provided in the report so as to share insight of the investment areas that new
or existing market players can take into consideration. Various analytical
tools such as market data analysis, time series and cross section statistical
data analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2020-2028. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market share
of the global players.
Salient Features:-
· This study offers comprehensive yet detailed
analysis of aloe vera drinks market, size of the market
(US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year.
·
It explains upcoming revenue
opportunities across various market segments and attractive matrix of
investment proposition for the said market.
· This market intelligence
report also offers pivotal insights about various market opportunities, restraints,
drivers, launch of new products, competitive market strategies of leading
market players, emerging market trends, and regional outlook.
· Profiling of key market
players in the market of aloe vera drink is done by taking into account various
parameters such as company strategies, distribution strategies, product
portfolio, financial performance, key developments, geographical presence, and
company overview.
· The data of this report would
allow management authorities and marketers of companies alike to take informed
decision when it comes to launch of products, government initiatives, marketing
tactics and expansion, and technical up gradation.
· The research on the world aloe
vera drinks market for aloe vera drink caters
to the needs of various stakeholders pertaining to this industry, namely
suppliers, manufacturers, investors, and distributors for the market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants.
·
Research methodologies that
have been adopted for the purpose of this study have been clearly elaborated so
as to facilitate better understanding of the reports.
·
Reports have been made based
on the guidelines as mandated by General Data Protection Regulation.
·
Ample number of examples and
case studies has been taken into consideration before coming to a conclusion.
Reasons to Buy:-
·
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·
Comprehensive details on micro
and macro factors that will drive or restrain the growth of market players.
·
Analyse and map the behaviours
of the competitors to gain maximum benefits.
·
Deep Sector-Specific
Intelligence.
·
Identify investors who can
invest in your company or identify the companies to invest in by analysing
market opportunities, gains and losses.
·
Identify and attract potential
customers by analysing consumer behaviour for every region.
·
Highlights of the competitive
landscape.