Flavored Aloe Vera Drinks Market Size (2023 – 2030)

Global Flavored Aloe Vera Drinks Market is estimated to be worth USD 44 Million in 2022 and is projected to reach a value of USD 101.40 Million by 2030, growing at a CAGR of 11% during the forecast period 2023-2030. 

Aloe vera is a perennial succulent plant of the genus Aloe, originating from the Arabian Peninsula yet found in diverse climates around the globe, from tropical to arid. Its widespread cultivation, both commercially and ornamentally, has been ongoing for centuries. Its gel-like, polysaccharide substance, acemannan, located in the leaves, stands as the key ingredient in many topical treatments renowned for their potential health benefits. Yet, its skin contains a toxin, aloin, that's why commercial products only utilize the gel. Lately, many products, including lotions, ointments, gels, and cosmetics, have incorporated the acemannan of aloe vera for a variety of purposes, from treating minor burns to aiding skin abrasions.

The thick, sticky gel extracted from the aloe vera plant is renowned for its countless benefits across multiple use cases, both topically and orally. Polyphenols in the gel, potent antioxidants, ward off toxins in the body. Aloe vera gel comes packed with a plentiful supply of vitamin C, coming in at approximately 9.1 grams per 8-ounce serving. Applied to the skin, aloe vera gel has long been associated with treating skin conditions. Recent research studies have even suggested that aloe vera juice may lower fasting blood sugar levels in pre-diabetics. Aloe vera juice and mouthwash have potential antibacterial properties, making them potentially useful for improving dental and oral health.

Global Flavored Aloe Vera Drinks Market Drivers:

The increasing demand for plant-based nutritional drinks is fueling the growth of the global flavored aloe vera drinks market.

The demand for plant-based drinks that are rich in nutrients, including flavored aloe vera-based drinks, is increasing owing to busy and stressful lifestyles and a shift towards healthier alternatives from high-calorie carbonated drinks. Aloe vera, a medicinal plant of ancient origins, has impressive effects on our general health - from aiding in liver function and providing essential vitamins and minerals to being an effective irritable bowel syndrome (IBS) treatment. IBS, a common gastrointestinal disorder that causes severe discomfort and inflammation, is found to be reduced with the anti-inflammatory properties of aloe vera. Therefore, this factor drives the demand for flavored aloe vera drinks.

The growing demand for aloe vera drinks to aid in weight loss management is another factor contributing to the growth of the global flavored aloe vera drinks market.

To lose weight, keeping a sound gut is essential. Aloe vera can be utilized as a digestive aid to assist with digestion, metabolism, and excretion. Aloe vera has laxative properties that aid in thorough digestion and reduction of water retention, making it beneficial for both metabolic processes. Aloe vera is also effective in burning fat due to the presence of B vitamins and enzymes. One study suggests that aloe vera juice can assist in reducing obesity. When losing weight, the body naturally goes into detox mode, and aloe vera can help with this process. Acemannan, a complex carbohydrate found in aloe vera, aids in detoxification. Therefore, drinking aloe vera juice can be an excellent way to support detoxification and promote weight loss. Therefore, this factor also drives the demand for flavored aloe vera drinks.

Global Flavored Aloe Vera Drinks Market Challenges:

The global flavored aloe vera drinks market is encountering challenges, primarily in terms of the side effects of aloe vera and the high cost of flavored aloe vera drinks. Aloe vera juice is associated with a variety of health benefits, yet people should be aware that it can also potentially produce detrimental effects. The latex found underneath the skin of the aloe vera plant can be the source of medical issues, such as gastrointestinal distress, cramping, and low potassium levels, mainly for those with latex allergies. Its laxative properties also instill a heightened risk of electrolyte imbalance. This can lead to limited consumption of flavored aloe vera drinks. Moreover, in contrast to other typical juice and beverage products, aloe vera drinks are more expensive, meaning that they may not be reasonable for the average consumer to consume on a daily basis. Thus, these challenges inhibit the growth of the global flavored aloe vera drinks market.

Global Flavored Aloe Vera Drinks Market Opportunities:

The introduction of organic aloe vera drinks presents a lucrative opportunity in the global flavored aloe vera drinks market. Given the rising demand for flavored aloe vera drinks owing to the advantages that they offer, including digestive aid, weight loss management, boosted immune system, anti-inflammatory properties, and healthy liver function, businesses specializing in the production and distribution of flavored aloe vera drinks can stand to gain significantly from this opportunity by introducing organic variants of the flavored aloe vera drinks in the healthy beverages segment, in order to provide consumers with the maximum health benefits of aloe vera. This development will help companies to increase their customer base and boost their overall revenue.

COVID-19 Impact on the Global Flavored Aloe Vera Drinks Market:

The outbreak of the COVID-19 pandemic substantially impacted the global flavored aloe vera drinks market. The implementation of strict lockdowns, traveling restrictions, and social distancing measures across several nations hindered many companies' manufacturing capacities and caused a shortage of skilled workforce. The pandemic caused disruptions in supply chains and distribution of goods and services, which highly affected the production and distribution of flavored aloe vera drinks. This factor negatively impacted the growth of the global flavored aloe vera drinks market. However, the pandemic led to individuals becoming more health-conscious owing to the protection from COVID-19 disease, which resulted in heightened demand for flavored aloe vera drinks. This factor positively impacted the market's growth. Therefore, the global flavored aloe vera drinks market experienced both challenges and opportunities during the difficult time of the COVID-19 pandemic.

Global Flavored Aloe Vera Drinks Market Recent Developments:

• In August 2022, INE Beverages, an India-based beverages company and a subsidiary of Livinia Foods, USA, introduced its unique range of aloe vera juices and coconut-flavored drinks in the healthy beverages segment.
• In June 2021, Forever Living Products International Inc., a US-based company specializing in the production and distribution of aloe vera-based drinks and bee-derived cosmetics, introduced the new "Aloe Mango" flavored drink in the healthy beverages segment as the company expands its aloe beverages range.
• In September 2021, SAPPE Public Company Limited, a Thailand-based company specializing in the production and distribution of food and beverages, launched two new flavors of its flagship aloe vera drink, peach and honey-lemon. This move aims to fortify its position as a leader in the healthy drink market.

FLAVORED ALOE VERA DRINKS MARKET REPORT COVERAGE:

Segmentation Analysis

Global Flavored Aloe Vera Drinks Market - By Type:

• Conventional
• Organic

Based on the type, the global flavored aloe vera drinks market is segmented into conventional and organic. In 2022, the conventional segment held the highest market share. The growth can be attributed to the advantages that conventional flavored aloe vera drinks offer as compared to organic ones, including wider availability, easy accessibility, and affordability. Conventional flavored aloe vera drinks are typically priced lower than organic ones, making them more appealing to budget-conscious consumers. Some conventional drinks may be fortified with additional vitamins and minerals, which can further raise their appeal to consumers looking for functional beverages.

Global Flavored Aloe Vera Drinks Market - By Flavor:

• Apple
• Lychee
• Mango
• Orange
• Peach
• Pomegranate
• Strawberry
• Others

Based on the flavor, the global flavored aloe vera drinks market is segmented into apple, lychee, mango, orange, peach, pomegranate, strawberry, and others. In 2022, the mango segment held the highest market share. The growth can be attributed to the popularity of mango-flavored aloe vera drinks as compared to other flavored drinks. Mango is a popular fruit globally, and its sweet and tangy flavor is well-liked by many people. Aloe vera and mango both have potential health benefits, and their combination in a drink may have been perceived as a healthy and tasty option by consumers. The mango-flavored aloe vera beverages aid with digestion, eye health, heart disease prevention, cholesterol reduction, and weight loss.

Global Flavored Aloe Vera Drinks Market Segmentation - By Distribution Channel: 

• Convenience Stores
• Specialty Stores
• Supermarkets/Hypermarkets
• E-commerce
• Others

Based on the distribution channel, the global flavored aloe vera drinks market is segmented into convenience stores, specialty stores, supermarkets/hypermarkets, e-commerce, and others. In 2022, the supermarkets/hypermarkets segment held the highest market share. The growth can be attributed to the wide reach and accessibility of supermarkets/hypermarkets to a large number of consumers. Supermarkets/hypermarkets are largely considered a one-stop shop place for a wide range of products and offer great discounts to consumers. Consumers often prefer to purchase beverages like flavored aloe vera drinks in bulk, which is easier to do at supermarkets/hypermarkets. 

Global Flavored Aloe Vera Drinks Market Segmentation - By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Asia-Pacific region dominated the global flavored aloe vera drinks market in the year 2022. The increasing demand for healthier beverage options owing to the growing awareness among individuals regarding health and wellness and the popularity of aloe vera juice as a traditional remedy for a variety of health ailments in nations, such as India, Japan, South Korea, and China, are some of the factors propelling the region's growth. Additionally, Asia-Pacific is home to several significant market players, including OKF Corporation, Tulip International Inc., Lotte Chilsung Beverage Co., Ltd., Okeyfood Co., Ltd., and Suzhou Houssy Drinks Co., Ltd.

Due to the increasing prevalence of chronic illnesses, the rising adoption of healthy lifestyles, and the strong presence of major market players, including SPI West Port, Inc., Forever Living Products, and L.A. Aloe LLC, the region of North America is anticipated to expand at the quickest rate over the forecast period.

Key Players

1. OKF Corporation (South Korea)
2. SPI West Port, Inc. (United States)
3. Forever Living Products (United States)
4. L.A. Aloe LLC (United States)
5. Tulip International Inc. (South Korea)
6. Lotte Chilsung Beverage Co., Ltd. (South Korea)
7. Okeyfood Co., Ltd. (China)
8. American Global Health Group, LLC (United States)
9. Aloe Farms, Inc. (United States)
10. Suzhou Houssy Drinks Co., Ltd. (China)