Market Overview
The global aloe butter market was valued at USD YY million in 2022. It is forecasted to reach USD YY million by 2030, growing at a CAGR of 6.2% during the forecast period (2023-2030).
Aloe butter is a semi-solid derivative extracted from aloe vera using a fraction of vegetable oil, usually by cold-press technique. Aloe butter is widely used in skincare products, including creams, lotions, body balms, hair balms, lip balms, bath bombs, and soaps. Aloe butter is rich in vitamins B, B12, C, A, E, Choline, and Folic Acid, which makes its skin rejuvenating and highly antioxidant. Besides, aloe butter is accompanied by anti-inflammatory and wound-healing properties, which make it a potential cosmetic and beauty product ingredient. Furthermore, aloe butter has skin-soothing and healing properties, which makes it helpful in treating skin-related conditions and problems, including dry skin, sunburn, psoriasis, eczema, rosacea, and chapping. The market for aloe butter is anticipated to witness a lucrative demand over the forecast period owing to the rapid evolution of skincare cosmetics coupled with the increasing health and wellness consciousness of the population. Furthermore, the rising purchasing power of consumers and growing online penetration are shifting consumers toward premium health-nourishing self-care and beauty products.
Moreover, the increasing self-care trend, rising purchasing power, and awareness regarding natural cosmetics and skin care products are driving the growth of aloe butter. Nowadays, consumers are shifting towards opting for natural products and ingredients owing to their health and skin revitalizing qualities and zero effects. The growing demand for natural cosmetic formulations is creating strong market demand for aloe butter amongst consumers.
Aloe Butter Market Dynamics: