Project report for Aloe Vera Gel

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Introduction

Aloe vera is the most profitable farming worldwide. Aloe Vera belongs to agriculture sector and it is a popular houseplant species. In India it is used in many consumer products. Aloe Vera is widely used for its healing and restorative properties and it widely used in drinks, skin lotion, cosmetics, and ointments for small burns and sunburns. Aloe Vera gel is widely used in the food industry, cosmetic and toiletries industry, and the pharmaceutical industry. Aloe Vera gel is a most important product can produce from aloe Vera leaves. The item has the both consumer and industrial demand.The aloe vera cultivation needs less water & maintenance. It is a medicinal plant used to treat different health conditions. Aloe vera farming is cost-effective farming that provides a high profit.

Aloe Vera is a species of succulent plant in the genus Aloe. It belongs to the liliaceous family and has thick green leaves which contain gel and latex. The gel consists primarily of water and the rest includes various vitamins, amino acids, enzymes, hormones, minerals and sugars, most of which are found in the human body. Aloe leaves secrete a clear gel that when broken off from the rest of the plant that can be applied topically to heal wounds and soothe skin. Aloe Vera Gel is one of the product prepared from aloe Vera itself. Aloe Vera Gel has very good medicine for external use for sun burning and pain killer. It has various medicinal values which makes very good commercial value.

Market potential & Strategy

The global aloe Vera gel market reached a value of INR 470,300 Crores in 2020. Looking forward, the market may grow at a CAGR of 7.7% during 2021-2026. The aloe Vera gel market is primarily driven by the increasing consumer health consciousness across the world. The high prevalence of skin-related diseases, obesity, cardiovascular disorders, diabetes, etc., is augmenting the consumption of aloe Vera gel. Aloe Vera gel has also been found to be beneficial in reducing inflammation, lowering the symptoms of acid reflux, decreasing cancer risks and treating hemorrhoids. The rising shift of consumers from chemical-based products towards herbal or organic ingredients is further driving the market growth. The increasing use of aloe Vera gel in several personal grooming products, such as facial creams, moisturizers, anti-aging products, face wash, sunscreens, etc., is also catalyzing the product demand. Additionally, the rising popularity of aloe Vera gel in the healthcare sector for treating mild wounds and reducing skin inflammations is further driving the market growth. The demand within the global market for aloe Vera gel is projected to escalate at the back of the growing popularity of herbal cosmetics. Aloe Vera gels are extensively used for skin revival, hair-care, and moisturising; this factor is projected to play an integral role in the growth of the global market for aloe Vera gel in recent times. The growing popularity of organic products shall also aid the growth of the global aloe Vera market in the forthcoming years. Besides all of this, the growth of the market for aloe Vera gels has gained momentum due to the popularity of aloe Vera in the beverages industry.

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