A Complete Study of the Aloe Vera Farming Industry

Aloe vera is extensively used product because of its healing and curative properties. It is an evergreen stemless plant that belongs to the Liliaceae family. It possesses thick and fleshy leaves of grayish-green or green color which contains gel and latex. The gel extracted out of aloe vera is water-based. It consists of various vitamins (A, C, E), amino acids, enzymes, hormones, minerals (Mg, Zn, Ca), plant sterols, cholesterol, salicylic acid, and sugars (glucose).

Related Project- ALOE VERA CULTIVATION & EXTRACTION

Though primarily it originated as an ornamental plant, now it is worshipped for its endless medicinal properties. Aloe vera includes a wide range of applications in various industries starting from the food industry, cosmetics and toiletries to the pharmaceuticals. The market dealing with aloe vera and its cultivation has seen steady growth over the last decade. Health care and cosmetic industries have functioned as the basic drivers in the growth of the industry. The increment in the industry needs a steady and good amount of aloe vera cultivation to meet the demands.

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MARKET OVERVIEW

The data gathered about the aloe vera cultivation and its uses in the market mostly focus on three segments which are cosmetics, health, and food industries. However, the Central Institute of Medicinal & Aromatic Plants in Lucknow released the AL-1 species that is now used for commercial cultivation.

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IDEAL CONDITIONS FOR ALOE VERA CULTIVATION:

Temperature: 25-40 degree Celsius
Rainfall: 50-300 mm
Soil: sandy (best suited), loamy or black cotton soil.
pH: 7-8.5

The commercial outcome is obtained in the second or fifth year of planting. The healing, immunity-boosting and antimicrobial properties of aloe vera make use in the manufacture of multiple products. Additionally, the cooling, anti-inflammatory, anti-aging, and the presence of UV and gamma radiations make wide use in the cosmetic industry. The anti-diabetic property is useful for manufacturing pharmaceutical drugs.

The worldwide market of this product reached an approximate value of 602 Million US$ in year of 2019. However, it is expected to demonstrate moderate enlargement for the duration of the next five years.

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MARKET TRENDS

Increasing awareness about natural and chemical-free products that can help reduce the occurrence of several health issues is influencing people to recognize the benefits of aloe vera. This is expected to increase the demand for the enlargement and agriculture of aloe vera and concurrently the increased demand in India over the next few years. People who go through a hectic and stressful schedule are prone to face health and skin problems. Aloe vera is considered to be a trusted natural component that gives out better results than most other chemical alternatives. However, this realization is making more and more consumers lean towards natural products instead of conventional ones.

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MARKET GROWTH

Even though the demand of this product is strong universally, growth rates in up-and-coming markets such as India, China, etc., is are accepted to be very high.

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The average yield of aloe vera plants for one hectare of land is around 15 to 20 tonnes. With better irrigation and management, the yield can be expanded up to 30 to 35 hectares. However, India's aloe vera market products market is expected to reach $242 million in 2022. This is due to rising consumer concern about natural alternatives and herbal nutraceuticals.

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CONCLUSION

This project report by the Niir Project Consultancy Services (NPCS) focuses on the cultivation of aloe vera. It consists of statistics focusing on overall cultivation, growth, and trends, and analysis. The report is verified by experts and the information provided is reliable. Whether you are a supplier, investor, or manufacturer, you will surely benefit from the report.

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Introduction

Project Introduction
Project Objective and Strategy
Concise History of the Product
Properties
BIS (Bureau of Indian Standards) Provision & Specification
Uses & Applications

Market Study and Assessment

Current Indian Market Scenario
Present Market Demand and Supply
Estimated Future Market Demand and Forecast
Statistics of Import & Export
Names & Addresses of Existing Units (Present Players)
Market Opportunity

Raw Material

List of Raw Materials
Properties of Raw Materials
Prescribed Quality of Raw Materials
List of Suppliers and Manufacturers

Personnel (Manpower) Requirements

Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

Plant and Machinery

List of Plant & Machinery
Miscellaneous Items
Appliances & Equipments
Laboratory Equipments & Accessories
Electrification
Electric Load & Water
Maintenance Cost
Sources of Plant & Machinery (Suppliers and Manufacturers)

Manufacturing Process and Formulations

Detailed Process of Manufacture with Formulation
Packaging Required
Process Flow Sheet Diagram

Infrastructure and Utilities

Project Location
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Built Up Area
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Plant Layout and Requirement of Utilities

Project at a Glance

Assumptions for Profitability workings	Plant Economics
Production Schedule
Land & Building Factory Land & Building Site Development Expenses
Plant & Machinery Indigenous Machineries Other Machineries (Miscellaneous, Laboratory etc.)
Other Fixed Assets Furniture & Fixtures Pre-operative and Preliminary Expenses Technical Knowhow Provision of Contingencies
Working Capital Requirement Per Month Raw Material Packing Material Lab & ETP Chemical Cost Consumable Store
Overheads Required Per Month And Per Annum Utilities & Overheads (Power, Water and Fuel Expenses etc.) Royalty and Other Charges Selling and Distribution Expenses
Salary and Wages	Turnover Per Annum
Share Capital Equity Capital Preference Share Capital
Annexure 1:: Cost of Project and Means of Finance
Annexure 2:: Profitability and Net Cash Accruals Revenue/Income/Realisation Expenses/Cost of Products/Services/Items Gross Profit Financial Charges Total Cost of Sales Net Profit After Taxes Net Cash Accruals
Annexure 3 :: Assessment of Working Capital requirements Current Assets Gross Working. Capital Current Liabilities Net Working Capital Working Note for Calculation of Work-in-process
Annexure 4 :: Sources and Disposition of Funds
Annexure 5 :: Projected Balance Sheets ROI (Average of Fixed Assets) RONW (Average of Share Capital) ROI (Average of Total Assets)
Annexure 6 :: Profitability ratios D.S.C.R Earnings Per Share (EPS) Debt Equity Ratio
Annexure 7 :: Break-Even Analysis Variable Cost & Expenses Semi-Var./Semi-Fixed Exp. Profit Volume Ratio (PVR) Fixed Expenses / Cost B.E.P
Annexure 8 to 11:: Sensitivity Analysis-Price/Volume Resultant N.P.B.T Resultant D.S.C.R Resultant PV Ratio Resultant DER Resultant ROI Resultant BEP
Annexure 12 :: Shareholding Pattern and Stake Status Equity Capital Preference Share Capital
Annexure 13 :: Quantitative Details-Output/Sales/Stocks Determined Capacity P.A of Products/Services Achievable Efficiency/Yield % of Products/Services/Items Net Usable Load/Capacity of Products/Services/Items Expected Sales/ Revenue/ Income of Products/ Services/ Items
Annexure 14 :: Product wise domestic Sales Realisation	Annexure 15 :: Total Raw Material Cost
Annexure 16 :: Raw Material Cost per unit	Annexure 17 :: Total Lab & ETP Chemical Cost
Annexure 18 :: Consumables, Store etc.,	Annexure 19 :: Packing Material Cost
Annexure 20 :: Packing Material Cost Per Unit	Annexure 21 :: Employees Expenses
Annexure 22 :: Fuel Expenses	Annexure 23 :: Power/Electricity Expenses
Annexure 24 :: Royalty & Other Charges	Annexure 25 :: Repairs & Maintenance Exp.
Annexure 26 :: Other Mfg. Expenses	Annexure 27 :: Administration Expenses
Annexure 28 :: Selling Expenses	Annexure 29 :: Depreciation Charges – as per Books (Total)
Annexure 30 :: Depreciation Charges – as per Books (P & M)	Annexure 31 :: Depreciation Charges - As per IT Act WDV (Total)
Annexure 32 :: Depreciation Charges - As per IT Act WDV (P & M)	Annexure 33 :: Interest and Repayment - Term Loans
Annexure 34 :: Tax on Profits	Annexure 35 ::Projected Pay-Back Period And IRR