India Aloe Vera Juice market is anticipated to worth USD 38.66 million by 2024
Published Date | 2019 April 17
According to BlueWeave Consulting, the India Aloe Vera Juice market is anticipated to worth USD 38.66 million by 2025, with a CAGR of 10% during 2019-2025. The market is expected to increase on the back of growing health concerns amongst the consumers during the forecast period.
Aloe Vera is extensively used for its healing and restorative properties. The population across India is increasing the consumption of aloe vera juice with the purpose of cure and overcoming the deficiency. Continuous introduction of aloe vera based flavored juice and rising adoption of aloe vera products are key factors that are bolstering the expansion of this segment. Aloe vera juice offers numerous health benefits, including the prevention of digestive disorders, treatment of anemia, and skin health.
Aloe vera extracts are used to produce aloe vera drinks and food in with the purpose of minimizing the burden of diseases. Aloe vera juice has a mild, tolerable flavor, and the juice mixes easily into smoothies and shakes; therefore, aloe vera drinks adapted as a food supplement. Aloe Vera juices are rich in several nutrients such as Calcium, Potassium, Manganese, Zinc, Vitamin A, B, C, and E. Growing consumers spending on healthy products and health benefits of aloe vera juices are projected to be the dynamic factors behind the growth of aloe vera juice market. Further, the rising popularity of herbal products amongst the consumers is expected to boost the adoption of aloe vera juice products over the forecast period.
Flavored aloe vera juice segment holds the largest market share of the India aloe vera juice market during the forecast period.
The flavored juice segment dominates the India aloe vera juice market over the forecast period 2019-2025. Manufacturers are developing a wide range of aloe vera flavored juice products and are adding different fruits and ingredients to make distinct flavors of aloe vera juice. Consumers are adding aloe vera juice in their daily diet for skincare purposes and other health concerns. The non-flavored variant is projected to grow the fastest owing to an increasing trend of natural food. Further, the growing demand for flavored aloe vera products is nurturing the growth of this segment across India.
Online retail sales channels predicted to be the fastest-growing segment of the India aloe vera juice market during the forecast period.
Among the distribution channels, the Convenience stores segment is the most lucrative sales channel and is expected to remain substantially profitable in the forthcoming years. They offer products at high, medium, or low ranges in terms of the prices to attract consumers from the market. They are often located on corners, making it easy and fast for consumers to get in and out. Moreover, the online retail segment is the fastest-growing sales channel segment. It is expected to grow with a healthy growth rate over the coming years owing to the increasing popularity of E-commerce shopping sites backed by the benefits such as convenience and various discount availability and easy home delivery.
India aloe vera Juice Market: Competitive Landscape
Companies such as Aloe Veda Personal Care, AloeVera India, Brihans Natural Products Ltd., Bright Lifecare Pvt. Ltd., Dabur India Ltd., Forest Essentials, Fabindia, Khadi Natural, Nature’s Essence Pvt. Ltd., Patanjali Ayurved Limited, Rattan Organic Foods Pvt. Ltd., Shree Baidyanath Ayurved Bhawan Pvt. Ltd., and The Himalaya Drug Company are the leading players of aloe vera juice market across the India.
Browse Detailed Analysis with TOC, “India Aloe Vera Juice Market, By Product Type (Fibre And Non-Fibre), By Flavor (Flavored And Non-Flavored), By Sales Channel (Convenience Stores, Supermarkets/Hypermarkets, Pharmaceutical Shop/Pharmacies, And Online Retail), By Region (North, South, East, And West), Trend Analysis, Competitive Market Share And Forecast, 2015-2025”