Patanjali Ayurveda Leading Aloe Vera Products Market in India
Growing
awareness among consumers about numerous benefits of aloe vera coupled with increasing demand for
herbal and natural products from rising number of health-conscious consumers to
drive India aloe vera products market through 2022
According to a report released by
TechSci Research, “India Aloe Vera Products Market By End Use Application, By Form, By Distribution Channel, Competition
Forecast & Opportunities, 2012 – 2022”, aloe vera products market in India is projected
to grow at a CAGR of 13.5%, in value terms, during 2017 – 2022. Aloe vera exhibits a host of
medicinal properties, and is used as a valuable ingredient in food products,
cosmetics as well as pharmaceuticals. Increasing consumer inclination
towards natural and healthy products whether those be food items, beverages or cosmetics,
coupled with launch of innovative products by aloe vera product manufacturers is
expected to resulting in aloe vera products market thriving in India during
forecast period.
Browse 10
Tables and 50 Figures spread through 107
Pages and an in-depth TOC on "India Aloe Vera Products
Market"
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On the
basis of type, aloe vera market has been segmented into two categories, namely,
gel extracts and whole leaf extracts. Aloe vera gel extract products segment
dominated India aloe
vera products market in 2016, and the same trend is expected to continue
through forecast period, owing to growing demand for skin care products
prepared from gel extracts as well as for aloe vera juices, which are prepared
from aloe vera gel through extraction procedures. Southern region of the
country controlled the major share in India aloe vera products market in 2016,
on account of higher consumer inclination towards herbal products and
supplements in this region. Owing to the fact that Kerala, which is known as
the hub of Ayurveda with more than 100 government-run Ayurveda hospitals, is
situated in South India, the region is anticipated to maintain its dominance in
India aloe vera products market during 2017 – 2022.
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“Increasingly
unhealthy and hectic lifestyles, especially in urban and semi-urban regions, is
driving adoption of natural and healthy products such as aloe vera products
among all age groups across India. Further, rising demand for ayurvedic and
natural products that address health and skin problems, rising disposal incomes
of consumers, continuous product innovation coupled with increasing celebrity
endorsements of popular brands are few of the major factors that are expected
to boost demand for aloe vera products in the country over the course of next
five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“India Aloe
Vera Products Market By End Use Application, By Form, By Distribution Channel,
Competition Forecast & Opportunities, 2012 – 2022” has
evaluated the future growth potential of India aloe vera products market and
provides statistics and information on market structure, size, share and future
growth. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in aloe vera products market in India.
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