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In 2024, the global aloe vera extract market was valued at USD 2.86 billion. It is projected to grow to USD 3.09 billion in 2025 and reach USD 5.34 billion by 2032, registering a compound annual growth rate (CAGR) of 8.15% over the forecast period. Europe led the global market with a 33.92% share in 2024. Additionally, the U.S. market is anticipated to witness notable growth, projected to reach USD 952.81 million by 2032, supported by rising demand for aloe vera extract as a natural and herbal component across food, pharmaceutical, and personal care industries.
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