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Aloe Vera Demand

 

Aloe Vera is among the few medicinal plants by virtue of their extensive medicinal, nutraceutical  and other uses enjoy a major chunk of the market across the globe. The major markets for Aloe Vera and its extracts are Australia, US and the entire Europe. Despite the ideal climatic conditions for the cultivation of Aloe Vera, we have not been able to exploit. The reasons are simple: lack of cultivation and processing know-how.

 

Given the exponentially growing demand for it in the international market, Aloe Vera presents the finest commercial opportunity among the various medicinal plants. Also India is among the few countries gifted with the unique geographical features essential for cultivation of Aloe Vera and other high potential medicinal plants. Yet the country has not realized and reaped the full potential of such plants. The reason is simple: lack of the requisite expertise. Fortunately, the technology is now accessible to individual and corporate entrepreneurs to make the most of aloe through mainstream cultivation.

        

A conservative estimate puts the monetary value of current global trade in medicinal plants at over US$60 billion. With the increasing interest in ‘natural’ products across the world and the resultant upsurge in the demand for medicinal plants, this trade is expected to grow up to 5 trillion by the year 2050. Aloe Vera is among the few medicinal plants by virtue of their extensive medicinal, nutraceutical and other uses enjoy a major chunk of the market across the globe. The major markets for Aloe Vera and its extracts are Australia, US and the entire Europe. A recent study carried out to identify the plants to focus on, in order to posit ion the Indian medicinal plants sector on its growth path with a long-term up to the year 2020, has identified 45 plants.

       

Given the exponentially growing demand for it in the international market, Aloe Vera presents the finest commercial opportunity among the various medicinal plants. Also, India is among the few countries gifted with the unique geographical features essential for cultivation of Aloe Vera and other high potential medicinal plants.

 

 

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