Aloe Vera Market Trends, Demand, Growth, Challenges and Investment Opportunities by 2026
According to IMARC Group's latest report, titled “ Aloe Vera Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ” the global Aloe Vera market is expected to grow at a CAGR of around 7% during 2021-2026. Also known as Aloe barbadensis miller, aloe vera is a succulent plant that belongs to the Asphodelaceae (Liliaceae) family. It has an outer layer of 15-20 cells, which helps protect the plant and synthesize proteins as well as carbohydrates. Its leaves comprise a clear gel with 99% water while the remaining is made up of lipids, sterols, vitamins, amino acids and glucomannans. Aloe vera contains active constituents, such as vitamins, enzymes, minerals, and fatty acids. It has anti-inflammatory and therapeutic properties, as well as accelerates wound contraction and increases the breaking strength of the resulting scar tissue. As a result, it is commonly used in the food, personal care and pharmaceutical industries across the globe. As the...