Aloe Vera Extracts Market to Soar in the Near Future Owing to Growing Consumer Adoption

The aloe vera plant, which resembles a cactus, generates two compounds, gel and latex, both of which have significant health advantages and are frequently used for therapeutic purposes. Aloe medicine can be taken orally or administered topically. Aloe vera extract is used to treat a variety of medical ailments, including hepatitis, diabetes, osteoarthritis, inflammatory bowel disease, asthma, radiation-related skin sores, fever, stomach ulcers, itching, and inflammation, as well as as a general tonic. Acemannan, for example, is a molecule found in aloe that is used to treat HIV/AIDS. Fresh aloe leaves are sometimes taken orally for cancer treatment.

The global aloe vera extracts market was valued at US$ 1,839.7 Mn in 2018 and is anticipated to reach US$ 3,697.4 Mn by the end of 2027, growing at a CAGR of 8.2% during the forecast period (2019 to 2027).

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