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Aloe Vera is a plant species of the genus Aloe. It grows wild in tropical climates around the world and is cultivated for agricultural and medicinal uses. Aloe is also used for decorative purposes and grows successfully indoors as a potted plant.
It is found in many consumer products including beverages, skin lotion, cosmetics, or ointments for minor burns and sunburns. There is little scientific evidence of the effectiveness or safety of Aloe Vera extracts for either cosmetic or medicinal purposes. Studies finding positive evidence are frequently contradicted by other studies.
Market Outlook
Aloe Vera is a one of the succulent plant species which grows suitably in tropical climatic conditions. Cultivation of aloe-vera plant is primarily done for medicinal and agricultural uses all over the world. An aloe-vera plant generates two substances i.e. gel and latex. Aloe-Vera gel is one of the healthiest parts of the aloe-Vera plant and is extracted from leaf’s inner layer and can be used in its raw form. However, aloe-vera latex is a yellowish fluid which is not recommended for direct consumption.
Global aloe-vera extracts market is anticipated to expand at a compound annual growth rate (CAGR) of more than seven percent.
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