Global Aloe Vera Drinks Market By Product (Unflavored and Flavored), By Distribution Channel (Hypermarket & Supermarket, Online, Drugstores, and Other Distribution Channels), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Aloe Vera Drinks Market Overview:

The market for aloe vera beverages worldwide was valued at USD 79.7 million in 2021 and is forecast to grow at a compound annual growth rate (CAGR), of 11.5% between 2022-2032.

Global Aloe Vera Drinks Market:

Product Analysis

In 2021, unflavored aloe Vera drinks became the most popular product segment, with a market share of more than 60.0 %. Over the forecast period, they are expected to maintain their current position.

These beverages are frequently drunk for therapeutic reasons, as they aid in cleansing and give other digestive advantages. Unflavored drinks can also be considered healthy drinks because they contain water, nutrients, and immune boosters.

Flavored Aloe Vera is predicted to be the fastest-growing segment, with a CAGR of 11.6% between 2023-2032. In the region, consumers are increasingly choosing plant-based drinks over sugary carbonated drinks. This is driving demand. People in the region are turning to healthy plant-based drinks due to an increasing vegan population. These trends are expected to increase the demand in the future.

Distribution Channel Analysis

The largest distribution channel segment was hypermarket and supermarket, with a share greater than 40% in 2021, and it is expected to remain that way for the duration of the forecast period. Major manufacturers are now promoting their products in offline retail stores like hypermarkets or supermarkets. Many companies are also opening new brick-and-mortar stores all over the world to increase their customer base. Target Brands Inc. has released a press release stating that the company opened approximately 25 new stores in America in 2020. This distribution channel will continue to grow in the future as more stores open offline.

With a CAGR between 2023-2032 of 12.0%, the online sales channel will be the fastest-growing channel. Due to rapid digitalization and the increasing use of smartphones, more businesses are moving from brick-and-mortar stores to e-commerce. Manufacturers are also displaying their products online, on company-owned portals or e-retailers to increase their visibility in emerging markets. Online giants like Tesco.com or Walmart, Amazon Prime Pantry, and Alibaba are expanding quickly due to changing consumer preferences.

Key Market Segments:

Product

• Unflavored
• Flavored

Distribution Channel

• Hypermarket & Supermarket
• Online
• Drugstores
• Other Distribution Channel

Market Dynamics:

As consumers increasingly choose healthier, more natural, and organic beverages, it is a sign of an evolving healthy lifestyle. Over the forecast period, the market will see lucrative growth opportunities due to a shift in consumer preferences from high-calorie carbonated beverages to plant-based drinks.

Consumers around the globe have grown more concerned about their health over the last few years. This has led to a rise in demand for plant-based, healthy drinks. Aloe vera has been used as a healing plant in many Asian countries such as India, South Korea, and China. It has many healing properties. It can be used to treat burns and wounds, improve lever functionality, weight management, and other skin conditions.

Additionally, aloe vera-based drinks are water-dense and can help with summer hydration. Over the past few decades, consumers have been the driving force behind aloe vera drinks that are based on weight management. The world’s overweight population has increased significantly over the last few years. People who are overweight or obese are more likely to develop other chronic diseases such as diabetes or cardiovascular disease. The global market is seeing an increase in chronic diseases.

A surge in demand worldwide for immune-boosting plant-based foods and beverages has resulted from the COVID-19 pandemic. These aloe-based drinks provide a good source of micronutrients. They help protect the body from free radical damage, and thus boost immunity. These global trends provide new growth opportunities for the product.

Regional Analysis:

In 2021, Asia Pacific was the large aloe vera drinks market, accounting for more than 30%.
North America is predicted to be the rapidly growing regional market, with a CAGR of 12.1% between 2023-2032. These aloe-based drinks are seeing rapid growth in America, due to the fact that Americans have busy lifestyles and work schedules. These aloe-based beverages can be used to help manage weight.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis:

Because of the high number of players both domestically and internationally, the market is very fragmented. Large players dominate the Asia Pacific, North America, and Europe markets. Asia, such as South Korea, Japan, and India are among the top aloe drink consumers. The product has been used medicinally for centuries.

Due to increasing demand, domestic but major players in the region have launched new products. Baidyanath Group in India, a pioneering Indian pharmaceutical company, launched a wide variety of natural juices, including aloe, black plum, gooseberry, and bitter gourd. These product launches have opened up new market opportunities and are predicted to show a high growth rate during the forecast period.

Key Market Players:

These are some of the major players in the market for aloe Vera drinks:

• Lotte Chilsung Beverage Co. Ltd.
• ALO Drinks
• OKF Corporation
• Tulip International Inc.
• Keumkang B&F Co. Ltd.
• Houssy Global
• Forever Living.com L.L.C.
• Aloe Drink for Life
• Other Key Players

For the Aloe Vera Drink Market research study, the following years have been considered to estimate the market size: