Aloe Vera-based Drinks Market size is set to grow by USD 61.48 million from 2022 to 2027; Rising adoption of innovative and sustainable packaging to be a major market trend - Technavio

NEW YORK, June 1, 2023 /PRNewswire/ -- The aloe vera-based drinks market size is to grow by USD 61.48 million from 2022 to 2027. The market is estimated to progress at a CAGR of 11.5% according to the latest research report from Technavio. Discover Packaged Foods & Meats industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The aloe vera-based drinks market covers the following areas:

Aloe Vera-based Drinks Market Sizing
Aloe Vera-based Drinks Market Forecast
Aloe Vera-based Drinks Market Analysis

Aloe Vera-based Drinks Market - Vendor Landscape

The global aloe vera-based drinks market is fragmented due to numerous regional and global vendors, increasing the competition among vendors. These vendors compete based on type, price, and quality of products (aloe vera-based drinks). The aloe vera-based drinks market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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Vendor Offerings

• ALO Drinks - The company offers aloe vera drinks in various flavors such as alo exposed, alo allure, alo spring, alo enrich, alo twist, alo blush, and alo blue.
• Aloe Farms Inc. - The company offers aloe vera drinks in various flavors such as lemon, cranberry, and cherry.
• Forever Living Products International LLC - The company offers aloe vera drinks such as Forever Aloe Gel drinks.

For the market's vendor landscape highlights with a comprehensive list of vendors and their offerings - View Sample in minutes

Aloe Vera-based Drinks Market - Key Market Segmentation

This aloe vera-based drinks market report extensively covers market segmentation by product (flavored and unflavored), distribution channel (offline stores and online stores), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market share growth by the flavored segment will be significant during the forecast period. Aloe vera drinks offer multiple health benefits to users. These drinks promote digestive health, help in the treatment of diabetes in prediabetes, and act as metabolism boosters. Aloe vera-based drink contains anthraquinone glycosides. These are plants with laxative effects that help with constipation. These benefits drive the demand for the market during the forecast period.

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

APAC is estimated to account for 39% of the global market growth during the forecast period. The region has been the largest contributor to the global aloe vera-based beverage market in recent years and is expected to grow during the forecast period. Consumers increasingly choose healthier, natural, and organic beverages. Additionally, the shift in consumer trends from high-calorie carbonated beverages to beneficial plant-based beverages is expected to offer lucrative opportunities for the growth of the regional aloe vera-based beverages market during the forecast period.

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• Adret Retail Pvt. Ltd.
• ALO Drinks
• Aloe Drink For Life
• Aloe Farms Inc.
• FLORIDA BOTTELING INC.
• Forever Living Products International LLC
• Gracekennedy Ltd.
• Houssy America
• Keumkang B and F Co. Ltd.
• Lotte Chilsung Beverage Co. Ltd.
• Nam Viet Foods and Beverage Co. Ltd.
• NAWON Food and Beverage Co.
• OKF Co.
• Patanjali Ayurved Ltd.
• Rita Food and Drink Co. Ltd.
• Savia
• Simplee
• Tan Do Beverage
• Tulip International Inc.
• SMS International Beverages Pvt. Ltd.

Aloe Vera-based Drinks Market - Market Dynamics

Key Drivers

• Growing popularity of e-commerce is one of the major factors driving the growth of the global aloe vera-based drinks market. The growth can be attributed to the expansion of the distribution network through e-commerce channels. There is a significant rise in the number of e-commerce portals, and the prevalence of smartphones has enabled vendors to sell aloe vera-based beverages through e-commerce channels such as Amazon.com, Inc (Amazon).
• Similarly, various vendors such as OKF and Houssy America offer aloe vera through e-commerce platforms. In addition, the penetration of online grocery stores is increasing in countries such as India and China. Hence, such factors drive the market growth of aloe vera-based drinks during the forecast period.

Significant Trends

• The rising adoption of innovative and sustainable packaging is an emerging trend in the global aloe vera-based drinks market growth. Various major players operating in the global aloe vera-based beverages market are focusing on bringing their products to market with innovative packaging that attracts consumers. This is due to the increasing demand for aloe vera-based packaged beverages. Furthermore, vendors are also focusing on improving sustainability by introducing environmentally friendly and recyclable packaging solutions.
• For instance, Lotte Chilsung Beverage declared adopting perforated lines in polyethylene terephthalate (PET) bottles to expand the use of packing materials that are easy to recycle. The company will research making packing materials lighter, more sustainable, and eco-friendly. Hence, such trends are bound to boost the market growth of aloe vera-based drinks during the forecast period.

Major Challenges

• Stringent regulations on aloe vera-based drinks are a challenge impeding the growth of the global aloe vera-based drinks market. Manufacturers of food and beverage products need to comply with the guidelines set by the United States Food and Drug Administration (US FDA), in the US. Among the EU member countries, manufacturers of aloe vera-based drinks are required to comply with the regulations set by the European Food Safety Authority (EFSA).
• Moreover, various government agencies around the world have implemented strict policies or regulations regarding the processing and manufacturing of aloe vera-based beverages. Hence, such challenges hinder the market growth of aloe vera-based drinks during the forecast period.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global aloe vera-based drinks market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global aloe vera-based drinks market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Flavored - Market size and forecast 2022-2027
• Exhibit 34: Chart on Flavored - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Flavored - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Flavored - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Flavored - Year-over-year growth 2022-2027 (%)

• 6.4 Unflavored - Market size and forecast 2022-2027
• Exhibit 38: Chart on Unflavored - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Unflavored - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Unflavored - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Unflavored - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)
• Exhibit 43: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 46: Chart on Comparison by Distribution Channel
• Exhibit 47: Data Table on Comparison by Distribution Channel

• 7.3 Offline stores - Market size and forecast 2022-2027
• Exhibit 48: Chart on Offline stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Offline stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Offline stores - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Offline stores - Year-over-year growth 2022-2027 (%)

• 7.4 Online stores - Market size and forecast 2022-2027
• Exhibit 52: Chart on Online stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Online stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Online stores - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Online stores - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 56: Market opportunity by Distribution Channel ($ million)
• Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 83: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 India - Market size and forecast 2022-2027
• Exhibit 87: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.10 South Korea - Market size and forecast 2022-2027
• Exhibit 91: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.11 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 ALO Drinks 
• Exhibit 111: ALO Drinks - Overview
• Exhibit 112: ALO Drinks - Product / Service
• Exhibit 113: ALO Drinks - Key offerings

• 12.4 Aloe Drink For Life 
• Exhibit 114: Aloe Drink For Life - Overview
• Exhibit 115: Aloe Drink For Life - Product / Service
• Exhibit 116: Aloe Drink For Life - Key offerings

• 12.5 Aloe Farms Inc. 
• Exhibit 117: Aloe Farms Inc. - Overview
• Exhibit 118: Aloe Farms Inc. - Product / Service
• Exhibit 119: Aloe Farms Inc. - Key offerings

• 12.6 Forever Living Products International LLC
• Exhibit 120: Forever Living Products International LLC - Overview
• Exhibit 121: Forever Living Products International LLC - Product / Service
• Exhibit 122: Forever Living Products International LLC - Key offerings

• 12.7 Gracekennedy Ltd. 
• Exhibit 123: Gracekennedy Ltd. - Overview
• Exhibit 124: Gracekennedy Ltd. - Business segments
• Exhibit 125: Gracekennedy Ltd. - Key news
• Exhibit 126: Gracekennedy Ltd. - Key offerings
• Exhibit 127: Gracekennedy Ltd. - Segment focus

• 12.8 Houssy America 
• Exhibit 128: Houssy America - Overview
• Exhibit 129: Houssy America - Product / Service
• Exhibit 130: Houssy America - Key offerings

• 12.9 Keumkang B and F Co. Ltd. 
• Exhibit 131: Keumkang B and F Co. Ltd. - Overview
• Exhibit 132: Keumkang B and F Co. Ltd. - Product / Service
• Exhibit 133: Keumkang B and F Co. Ltd. - Key offerings

• 12.10 Lotte Chilsung Beverage Co. Ltd. 
• Exhibit 134: Lotte Chilsung Beverage Co. Ltd. - Overview
• Exhibit 135: Lotte Chilsung Beverage Co. Ltd. - Product / Service
• Exhibit 136: Lotte Chilsung Beverage Co. Ltd. - Key offerings

• 12.11 OKF Co. 
• Exhibit 137: OKF Co. - Overview
• Exhibit 138: OKF Co. - Product / Service
• Exhibit 139: OKF Co. - Key offerings

• 12.12 Patanjali Ayurved Ltd. 
• Exhibit 140: Patanjali Ayurved Ltd. - Overview
• Exhibit 141: Patanjali Ayurved Ltd. - Product / Service
• Exhibit 142: Patanjali Ayurved Ltd. - Key offerings

• 12.13 Savia 
• Exhibit 143: Savia - Overview
• Exhibit 144: Savia - Product / Service
• Exhibit 145: Savia - Key offerings

• 12.14 Simplee 
• Exhibit 146: Simplee - Overview
• Exhibit 147: Simplee - Product / Service
• Exhibit 148: Simplee - Key offerings

• 12.15 SMS International Beverages Pvt. Ltd.
• Exhibit 149: SMS International Beverages Pvt. Ltd. - Overview
• Exhibit 150: SMS International Beverages Pvt. Ltd. - Product / Service
• Exhibit 151: SMS International Beverages Pvt. Ltd. - Key offerings

• 12.16 Tan Do Beverage 
• Exhibit 152: Tan Do Beverage - Overview
• Exhibit 153: Tan Do Beverage - Product / Service
• Exhibit 154: Tan Do Beverage - Key offerings

• 12.17 Tulip International Inc. 
• Exhibit 155: Tulip International Inc. - Overview
• Exhibit 156: Tulip International Inc. - Product / Service
• Exhibit 157: Tulip International Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 158: Inclusions checklist
• Exhibit 159: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 160: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 161: Research methodology
• Exhibit 162: Validation techniques employed for market sizing
• Exhibit 163: Information sources

• 13.5 List of abbreviations 
• Exhibit 164: List of abbreviations 

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