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Aloe-Vera Product Research on Bangladesh Market

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EXECUTIVE SUMMARY Prestige Bengal must be benefited by adding Aloe-Vera based products line in there business. The research shows the process & others related things to establish a new product line. Analysis of the data needs to emphasize in the following areas: Market situation: Market research shows us, now day’s herbal products got values in the market Instead of using other products. & there are many strong competitors in the herbal product market. Total market size of aloe-vera related products is 1.5 Core (Approx) monthly. Consumer: Analyze shows that, 72% consumer are interested about Aloe-Vera Cosmetics. Especially the young people are interested. Target consumer specifications are as follows: Age range : 20 to 45 …show more content…

Moreover, Today’s consumer may be familiar with Aloe vera because extracts of its sap are found in many hand lotions and other skin care products. Unlike international market, Aloe Vera has a high demand in Bangladesh more specifically known as ‘GHRITO-KUMARI’ which is used in the format of Juice and very popular among mass customer segment. Aloe Vera Usage: Aloe is made up of 99% water; however it also contains both glycoproteins and polysaccharides. Glycoproteins may be responsible for supporting the healing process in regards to both pain and inflammation. Polysaccharides may have complementary qualities to glycoproteins as they are thought to support skin growth and repair. There are numerous products made using Aloe vera, ranging from juices to toothpastes. Usage of Aloe Vera & Aloe vera extract can be categorized into following 3 major categories: 1. Cosmetics (Face wash, Face gel, lip balms, body wash, shampoo) 2. Food Item (Juice, Raw Format Juice & use in production) 3. Medicine items (toothpaste, mouthwash, Tablets, capsules, liquids and anti-burn gels) Competitive Comparison: Existing Herbal cosmetics local organizations like BOTANIC AROMA who occupies the market share in larger scale. Sourcing and Fulfillment: Existing source of Aloe vera plants are Savar, Gulistan as secondary seller where Iswardi, Pabna is the biggest source of producing the raw materials of AV. Major portion of these raw materials are used for

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