Forecast Period | 2025-2029 |
Market Size (2023) | USD48.12 Million |
CAGR (2023-2028) | 7.50% |
Fastest Growing Segment | Online |
Largest Market | South India |
The India Aloe Vera Products Market is anticipated to grow during the forecast period due to the rising trend of aloe vera juices, expansion of online distribution channel, and growing demand of organic products in the country.
India Aloe Vera Products Market Scope
Aloe Vera products are known for healing and nourishing properties, and they are widely used within the health and beauty industry.
The market for aloe vera products in India includes products such as aloe vera gels, creams, lotions, juices, and shampoos, etc. These products are used for various purposes such as treating skin and hair problems, improving digestion, boosting immunity, and promoting overall health.
India Aloe Vera Products Market Overview
The Aloe Vera Products Market in India is anticipated to grow during the forecast period. Aloe vera is a plant with healing properties that has been used for generations to treat various ailments. In recent years, there has been an increased demand for aloe vera products in India due to its various health and beauty benefits. Aloe vera products are found at in various forms such as gels, creams, lotions, etc. These products are used for treating skin and hair problems, improving digestion, boosting immunity, and promoting overall health. Also, the growing awareness among consumers about the benefits of aloe vera products is driving the demand for these products in India. The increasing use of natural and herbal products is contributing to the growth of the Aloe Vera Products Market in India.
India Aloe Vera Products Market Drivers
Furthermore, the availability of raw material in the country drives the India Aloe Vera Products Market growth during the forecast period. India is one of the leading producers of aloe vera, with several companies growing and processing aloe vera from the farms of the country. This has resulted in the availability of high-quality raw materials for the manufacturing of aloe vera products. Therefore, all these factors are driving the growth of the India Aloe Vera Market during the forecast period.
India Aloe Vera Products Market Trends
Major trend in the India Aloe Vera Products Market is growing popularity of aloe vera juices in the country because these juices are considered for skin care routine, for a healthy digestive system and as a refreshing beverages, and they are particularly popular among health-conscious consumers. As the rising popularity of aloe vera juices within India, various home-grown companies are focused
Additionally, increasing use of aloe vera in ayurvedic and herbal medicines has a significance in India Aloe Vera Products Market. Aloe vera has been used in traditional Indian medicine for centuries, and there is growing interest in its medicinal properties. Aloe vera is used in Ayurvedic and herbal medicines to treat a variety of health conditions, including skin disorders, digestive problems, and respiratory ailments.
Also, online retail has been growing rapidly in India, and this trend is expected to continue in the coming years. Many companies are now selling aloe vera products online, making it easier for consumers to access these products from the comfort of their homes.
Furthermore, the rising demand for natural and organic products also become a major trend in the India aloe vera products market.
India Aloe Vera Products Market Challenges
Major challenge in India Aloe Vera Products Market is the availability of counterfeit products which impedes the market growth. The presence of counterfeit and low-quality products in the market can create pricing pressure for genuine manufacturers who maintain high-quality standards. Consumers may opt for cheaper alternatives, unaware of the potential risks associated with substandard products. This can affect the profitability of legitimate manufacturers and hinder the growth of the market.
Additionally, mislabeling and false claims impedes the growth of India Aloe Vera Products Market. Due to the lack of strict regulations and monitoring, there is a risk of mislabeling and false claims regarding the content and potency of aloe vera products. Some manufacturers may label their products as containing a high percentage of aloe vera when they contain lower concentrations or are diluted with other ingredients.
Recent Developments
- In the year 2022, Organic Harvest launched a new
line of organic aloe vera gel which is a gender neutral and suitable for all
skin, hair types, and ages.
- In 2022, FLP Trading Pvt. Ltd., which provides
health, beauty, and wellbeing products based on aloe vera, has launched a new
aloe vera products in the personal care category i.e., the naturally
derived “cleansers” that are gentle on the skin, such as Aloe Liquid Soap and Aloe
Body Wash.
- In the year 2022, Faces Canada introduced the pink
aloe vera based skin care line such as Face Wash, Toner, and Day Gel
with multi-faceted characteristics to soothe, calm, and hydrate skin with
deep-acting nutrients.
- In 2022, Clensta International, a start-up based in
Gurugram, has launched the red aloe vera skin care line such
as lotion, under eye cream, face moisturizing cream, lip lightening
cream, etc. in the country.
- In the year 2020, Emami Group launched the organic
aloe vera gel under the brand “BoroPlus” which is enriched with pure and
natural materials such as antibacterial herbs, Vitamin E, and is devoid of
parabens, sulphates, and mineral oil.
India Aloe Vera Products Market Opportunities
The market for aloe vera products in India is expected to continue to grow and present several opportunities for businesses operating in this sector. . The market for aloe vera-based creams, lotions, shampoos, and conditioners is growing rapidly in India, and there is still room for new players to enter the market. Furthermore, aloe vera juice is getting increasingly popular in India, due to their numerous health benefits. This market is expected to continue to grow, especially as consumers become more health-conscious and seek out natural alternatives to sugary beverages, which provides a great opportunity for the manufacturers to enter the market.
Market Segmentation
The India Aloe Vera Products Market is segmented into application, distribution channel, and region. Based on the application, the market is segmented into skin care, hair care, and food & beverages. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacy & drug retailers, exclusive retailers, grocery retailers, online, and non-retail (wholesales).
Market Players
Patanjali Ayurved Limited, Dabur India Ltd., Shree Baidyanath Ayurved Bhawan Pvt. Ltd., Himalaya Wellness Company, Brihans Natural Products Ltd., Aloe Veda Personal Care, Khadi Natural Healthcare, Mountain Valley Springs (I) Pvt. Ltd. (Forest Essentials), FLP Trading Pvt. Ltd., and Fabindia Limited, etc. are the major market players in the India Aloe Vera Products Market.
Attribute
|
Details
|
Base Year
|
2023
|
Historic
Data
|
2019 – 2022
|
Estimated
Year
|
2024
|
Forecast
Period
|
2025 – 2029
|
Quantitative
Units
|
Revenue in USD
Million, and CAGR for 2019-2023 and 2024-2029
|
Report Coverage
|
Revenue forecast, company
share, competitive landscape, growth factors, and trends
|
Segments Covered
|
Application
Distribution
Channel
Region
|
Regional
Scope
|
North, West, South, East
|
Key
companies profiled
|
Patanjali
Ayurved Limited, Dabur India Ltd., Shree Baidyanath Ayurved Bhawan Pvt. Ltd.,
Himalaya Wellness Company, Brihans Natural Products Ltd., Aloe Veda Personal
Care, Khadi Natural Healthcare, Mountain Valley Springs (I) Pvt. Ltd. (Forest
Essentials), FLP Trading Pvt. Ltd., and Fabindia Limited, etc.
|
Customization
scope
|
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
|
Pricing and
purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|