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The Aloe Vera Juice Market is projected to grow by USD 748.24 million with a CAGR of 11.38% during the forecast period 2021 to 2026.
This aloe vera juice market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aloe vera juice market segmentation by distribution channel (offline and online) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The aloe vera juice market report also offers information on several market vendors, including ALO Drinks, Aloe Drink For Life, Aloe Farms Inc., AlterFood, Atlantia Aloe, ESI Srl, Forever Living Products International LLC, Fruit of the Earth Inc., GraceKennedy Ltd., keumkangbnf, Lily of the Desert, OKF Co., Patanjali Ayurved Ltd., RITA Food and Drink Co. Ltd., Savia, Simplee, SUJA LIFE LLC, Tulip International Inc., and Vitamin Well Group, among others.
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The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges.
Key Aloe Vera Juice Market Driver
The growing number of organized retail outlets is one of the major drivers impacting the aloe vera juice market growth. Organized retailers have witnessed growth in major countries such as the US and India, which is extremely beneficial for vendors operating in the global aloe vera juice market. Supermarkets, hypermarkets, convenience stores, and discount stores have become major sources of distribution and marketing of aloe vera juice. An increase in urbanization in regions such as APAC and South America has positively influenced the rise in the number of organized retailing outlets in these regions. Also, the number of supermarkets in the US grew by 6% during 2018-2021. Moreover, Brazil, the UK, Germany, Italy, Spain, China, Canada, France, Australia, and Japan are some major countries with a high degree of penetration of organized retail outlets within their territories. Thus, an increase in the number of organized retail outlets globally is expected to foster the growth of the global aloe vera juice market during the forecast period.
Key Aloe Vera Juice Market Trend
The rising adoption of innovative and sustainable packaging is one of the major trends influencing the aloe vera juice market growth. The rise in demand for packaged aloe vera juice has led many major vendors operating in the global aloe vera juice market to focus on launching their products with innovative packaging to attract consumers. Furthermore, vendors have also been focusing on adopting eco-friendly and recyclable packaging solutions to attain better sustainability. Vendors are offering innovative packaging formats and solutions to boost the demand for aloe vera juice among consumers. The packaging should not only protect and preserve the juice but also draw the attention of customers. It communicates the strength and qualities of the juice and persuades the consumer to purchase it. Consumers are becoming increasingly concerned about environmental and sustainability issues and are looking for companies to take the lead in this area. Vendors are increasingly adopting biodegradable materials such as cardboard for aloe vera juice packaging. Thus, an increase in the adoption of sustainable and innovative packaging is expected to boost the growth of the global aloe vera juice market during the forecast period.
Key Aloe Vera Juice Market Challenge
Stringent regulations on aloe vera juice are one of the major challenges impeding the aloe vera juice market growth. Various government bodies across the world enforce stringent guidelines or regulations for processing and producing aloe vera juice. In the US, the regulations that are applicable under the USDA define guidelines for product description (list of ingredients and net quantity), packaging (specifying the size, material, and innovation to packaging), type of aloe vera juice (for instance, prepared from a single variety of aloe vera), color, and flavor. Similarly, the European Union (EU) enforces the Council Directive 2001/112/EC for fruit juices and similar products intended for human consumption. For instance, Council Directive 2001/112/EC has laid down specific provisions for the production, composition, and labeling of products.
This aloe vera juice market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global aloe vera juice market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aloe vera juice market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the aloe vera juice market encompasses successful business strategies deployed by the key vendors. The aloe vera juice market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our In-house experts produce extensive information on the value chain and parent market of the aloe vera juice market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.
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33% of the market’s growth will originate from North America during the forecast period. The US is the key market for the aloe vera juice market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The rising adoption of a healthy lifestyle among all age groups will facilitate the aloe vera juice market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 in North America forced governments of countries such as the US and Canada to impose lockdowns, leading to the isolation of people in their homes. The high incidence of the disease negatively impacted end-user industries, such as food service, hospitality, education, and retail, leading to a decline in sales and production in the regional aloe vera juice market till H1 2020. Also, the shutdown of manufacturing units producing aloe vera juice and the unavailability of raw materials due to supply chain disruptions hampered the growth of the aloe vera juice market in the region. However, the initiation of vaccination drives led to the reopening of manufacturing facilities in the first half of 2021.
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The aloe vera juice market share growth by the offline segment will be significant during the forecast period. The offline segment is expected to be the largest segment in the global aloe vera juice market during the forecast period. In 2021, the offline distribution channel dominated the global aloe vera juice market and included brick-and-mortar outlets, such as hypermarkets, supermarkets, grocery stores, and convenience stores.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aloe vera juice market size and actionable market insights on the post-COVID-19 impact on each segment.
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Aloe Vera Juice Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.38% |
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Market growth 2022-2026 |
$748.24 million |
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Market structure |
Fragmented |
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YoY growth (%) |
10.78 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 33% |
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Key consumer countries |
US, China, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
ALO Drinks, Aloe Drink For Life, Aloe Farms Inc., AlterFood, Atlantia Aloe, ESI srl, Forever Living Products International LLC, Fruit of the Earth Inc., GraceKennedy Ltd., keumkangbnf, Lily of the Desert, OKF Co., Patanjali Ayurved Ltd., RITA Food and Drink Co. Ltd., Savia, Simplee, SUJA LIFE LLC, Tulip International Inc., and Vitamin Well Group |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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