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Global Aloe Vera Drinks Market 2021: By Product (Flavored, Unflavored), By Distribution Channel (Hypermarket & Supermarket, Drugstores, Online, Others)Global Aloe Vera Drinks Market is the title of an upcoming report offered by Trusted Business Insights. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global aloe vera drinks market has been segmented on the basis of product, distribution channel, as well as regions and countries.Request Covid - 19 Impact The Global Aloe Vera Drinks market size was valued at USD $73.5 Million in 2020, USD $81 Million in 2021, forecasted to reach USD $89.26 Million in 2022, and is projected to reach USD $194.14 Million by 2030, and is anticipated to expand at a CAGR of 10.2% over the forecast period from 2020 to 2030.
Overview:Aloe vera is a succulent, evergreen perennial plant that grows in tropical, sub-tropical, and arid climates around the world. It is known as a natural moisturizer, and is primarily cultivated for its many medical and agricultural benefits.
Dynamics:Aloe vera is known to have numerous medicinal benefits, and is used in the treatment of wounds & burns, in improving liver functionality, reducing fever, weight management, and in treating various skin diseases. A growing number of individuals are making the transition from high-calorie carbonated beverages to plant-based nutritional drinks, as well as the trend of leading generally healthier lifestyles are primary factors that are expected to have a significant impact on the revenue growth of the global aloe vera drinks market over the next 10 years. As aloe vera is an extremely water-dense plant, it is used in the manufacture of beverages, and can immensely aid in effective hydration, especially in the warmer months of the year. The number of people suffering from obesity has spiked in recent years, and aloe vera has been proven to be an efficient agent in weight management. Factors such as these are anticipated to increase the demand for beverages and other products that are manufactured using this plant, leading to a subsequent boost in the future revenue growth of this global market. In light of the recent COVID-19 outbreak, although the manufacturing and supply operations of major industry played have been temporarily halted, resulting in a negative revenue growth for this market. Nonetheless, the need for natural immune-boosting products has grown immensely, and this is expected to continue to fuel the demand for products from the global aloe vera drinks market in the coming years.
Segmentation of the global aloe vera drinks market is as follows:On the basis of product, the unflavored aloe vera drinks segment accounted for the largest number of revenue shares of the global aloe vera drinks market in 2019, and is expected to continue to do so over the next decade. However, the flavored aloe vera drinks segment is slated to index the fastest rate of revenue growth in the near future, due to the steady rise in the number of individuals opting for healthier natural beverage choices, as opposed to conventional carbonated drinks that contain artificial ingredients. In terms of distribution channel, the hypermarkets & supermarkets segment accounted for the maximum number of revenue shares of the global aloe vera drinks market in 2019, owing to the increasingly vast number of outlets across the world, as well as the growing number of key industry players aiming to further promote their products to expand their market footprint through distribution channels such as these. However, the online distribution channel segment is slated to register the fastest rate of revenue growth in the foreseeable future, due to robust digitization, the increasing penetration of smartphones, increased convenience of shopping online, as well as a wider range of available products and discounts offered.
Regional Segmentation and Analysis:The markets in the Asia Pacific accounted for the highest number of revenue shares of the global aloe vera drinks market in 2019, owing to its increased consumption on account of the numerous health benefits it offers. However, the markets in North America are anticipated to register the fastest rate of revenue growth over the next decade, due to the significant increase in the number of individuals aiming to lead a healthier lifestyle, as well as the use of aloe vera in effectively combating obesity, which a vast number of individuals in this region suffer from.
Below are the leading companies profiled in this Aloe Vera Drinks Market Report:
Chapter 1 Methodology and Scope