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Global Clove Extract Market by Type (Liquid, Powder), By Application (Dietary Supplements, Personal Care And Cosmetics, Food & Beverages, Pharmaceuticals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: PH-89
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 59
  • No. Of Pages: 214
  • Format:
  • Pub. Date: 2021-03-01
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The global clove extract market size is projected to grow from an estimated USD 1.2 billion in 2018 to USD 2.1 billion by 2028, at a CAGR of 7.4% during the forecast period. The demand for natural and organic ingredients has increased across various industries such as food and beverages, personal care and cosmetics, pharmaceuticals, dietary supplements among others which is one of the major factors driving the growth of this market globally. In addition, increasing demand for natural extracts due to their safety benefits over synthetic additives has been observed across various application industries such as food & beverages and pharmaceuticals which further fuels the growth prospects of this market globally.

Clove extracts act as a natural preservative for food and drinks by preventing spoilage caused by microorganisms, such as moulds and yeast. They also inhibit enzymatic activity which decreases the breakdown of proteins during storage or processing. Cloves have antibacterial and anti-inflammatory properties that help prevent dental caries by reducing the number of oral bacteria present on the teeth surface. They contain antioxidants that neutralize free radicals thereby preventing oxidative stress in the body.


On the basis of Type, the market is segmented into Liquid and Powder.


Liquid Clove Extract:

Liquid clove extract is extracted from the inner bark of the clove tree. The liquid form has been gaining traction in recent times as it offers more benefits than the other two types- less expensive with long term stability against heat and light exposure; easier storage due to lighter weight vis-à-vis liquids; ability to mix better with powders which are difficult to dissolve without adding extra additives such as sugar or honey etc.; can be used in beverages such as coffee, tea, cocoa or soup where high temperatures cannot tolerate oils. The liquid clove extract market is further bifurcated into pure oil type and water-soluble type.

Powder Clove Extract:

The powder form is cheaper with a long shelf life when exposed to heat and light; it makes storing them much easier. For example, clove extract powders are used as additives or flavors in foodstuffs such as coffee, tea, cocoa or soup where high temperatures cannot tolerate oils. It also adds flavor & aroma due to its natural antiseptic properties which can be beneficial for personal care products like toothpaste & mouthwash. Moreover, clove extract powders have applications in pharmaceutical formulations like cough syrup to help suppress throat irritation due to their anti-inflammatory properties.


On the basis of Application, the market is segmented into Dietary Supplements, Personal Care And Cosmetics, Food & Beverages, and Pharmaceuticals. The industry is expected to observe a positive growth in the coming years owing to increasing demand for personal care products that use clove extract as an additive or flavoring. Dietary Supplement - of which herbal supplements are expected to witness significant growth over the forecast period on account of increased awareness about their benefits among consumers. For example, turmeric contains curcuminoids which have anti-inflammatory properties useful against arthritis inflammation. Moreover, it helps reduce heart disease risk factors due to its antioxidant properties; black pepper with piperine has been observed clinically effective at lowering blood cholesterol levels.

The use of clove extract in Pharmaceuticals is also projected to grow significantly in the coming years, owing to the growing demand for safe alternatives of pain relief drugs. For instance, clove extract has been observed clinically effective at relieving toothache and dental pain due to its analgesic properties. Personal Care And Cosmetics segment is projected to grow significantly in the coming years, owing to the growing demand for cosmetics and personal care products with natural ingredients. Today’s consumers are becoming more health-conscious than ever before; they want their food intake as well as their skincare and hair regimens, to be healthy-not harmful to them. They also prefer foods that have been “cleaner” or closer to what nature intended it to be like. Hence, the global Clove Extract market has experienced significant growth over the past couple of decades because people are paying attention not only to how they feel but also to how they look and taste things around them. With this changing lifestyle trend, there will surely be an increased need for safe alternatives to chemical-laden products.


On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Over the forecast period of 2018-2028; dense population coupled with rising in per capita GDP along with increasing disposable incomes will drive market growth in developing countries such as India and China whereas developed economies like the US and Canada would witness a decline owing to saturation of consumer base over time resulting into limited growth opportunities for manufacturers. The global clove extract market is expected to grow at an increasing rate over the next eight years from 2021 till 2028 due to rising demand amid stringent regulations against potentially toxic chemicals entering food chains. The European region has been found to be one of the most popular regions among all others when it comes to intake which can be attributed largely because they are getting more health-conscious and are willing to experience new flavors.

Up Market Research published a new report titled “Clove Extract Market research report which is segmented by Types (Liquid, Powder), By Applications (Dietary Supplements, Personal Care And Cosmetics, Food & Beverages, Pharmaceuticals), By Players/Companies Saipro Biotech, ROYAL SPICES, True Ceylon Spices, Lankan Flavour, Aroma Aromatics & Flavours, Super Africa Products, PTC Agro (PVT), Wee Kiat Development, Manohar Botanical Extracts, NOW Foods”. 


Report Scope

Report Attributes Report Details
Report Title Clove Extract Market Research Report
By Type Liquid, Powder
By Application Dietary Supplements, Personal Care And Cosmetics, Food & Beverages, Pharmaceuticals
By Companies Saipro Biotech, ROYAL SPICES, True Ceylon Spices, Lankan Flavour, Aroma Aromatics & Flavours, Super Africa Products, PTC Agro (PVT), Wee Kiat Development, Manohar Botanical Extracts, NOW Foods
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 214
Number of Tables & Figures 150
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Clove Extract Industry Outlook

Global Clove Extract Market Report Segments:

The market is segmented by Type Liquid, Powder and By Application Dietary Supplements, Personal Care And Cosmetics, Food & Beverages, Pharmaceuticals.


Some of the companies that are profiled in this report are:

  1. Saipro Biotech
  3. True Ceylon Spices
  4. Lankan Flavour
  5. Aroma Aromatics & Flavours
  6. Super Africa Products
  7. PTC Agro (PVT)
  8. Wee Kiat Development
  9. Manohar Botanical Extracts
  10. NOW Foods

Clove Extract Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Clove Extract Market

Overview of the regional outlook of the Clove Extract Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Clove Extract Market Overview

Highlights of The Clove Extract Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Clove Extract Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Liquid

                2. Powder

       7. By Application:

                1. Dietary Supplements

                2. Personal Care And Cosmetics

                3. Food & Beverages

                4. Pharmaceuticals

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Clove Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Clove Extract Market Statistics

Reasons to Purchase the Clove Extract Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Clove Extract Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Clove Extract Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Clove Extract Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Clove Extract Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Clove Extract Market Size & Forecast, 2018-2028 
      4.5.1 Clove Extract Market Size and Y-o-Y Growth 
      4.5.2 Clove Extract Market Absolute $ Opportunity 

Chapter 5 Global Clove Extract Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Clove Extract Market Size Forecast by Type
      5.2.1 Liquid
      5.2.2 Powder
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Clove Extract Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Clove Extract Market Size Forecast by Applications
      6.2.1 Dietary Supplements
      6.2.2 Personal Care And Cosmetics
      6.2.3 Food & Beverages
      6.2.4 Pharmaceuticals
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Clove Extract Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Clove Extract Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Clove Extract Analysis and Forecast
   9.1 Introduction
   9.2 North America Clove Extract Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Clove Extract Market Size Forecast by Type
      9.6.1 Liquid
      9.6.2 Powder
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Clove Extract Market Size Forecast by Applications
      9.10.1 Dietary Supplements
      9.10.2 Personal Care And Cosmetics
      9.10.3 Food & Beverages
      9.10.4 Pharmaceuticals
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Clove Extract Analysis and Forecast
   10.1 Introduction
   10.2 Europe Clove Extract Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Clove Extract Market Size Forecast by Type
      10.6.1 Liquid
      10.6.2 Powder
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Clove Extract Market Size Forecast by Applications
      10.10.1 Dietary Supplements
      10.10.2 Personal Care And Cosmetics
      10.10.3 Food & Beverages
      10.10.4 Pharmaceuticals
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Clove Extract Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Clove Extract Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Clove Extract Market Size Forecast by Type
      11.6.1 Liquid
      11.6.2 Powder
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Clove Extract Market Size Forecast by Applications
      11.10.1 Dietary Supplements
      11.10.2 Personal Care And Cosmetics
      11.10.3 Food & Beverages
      11.10.4 Pharmaceuticals
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Clove Extract Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Clove Extract Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Clove Extract Market Size Forecast by Type
      12.6.1 Liquid
      12.6.2 Powder
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Clove Extract Market Size Forecast by Applications
      12.10.1 Dietary Supplements
      12.10.2 Personal Care And Cosmetics
      12.10.3 Food & Beverages
      12.10.4 Pharmaceuticals
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Clove Extract Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Clove Extract Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Clove Extract Market Size Forecast by Type
      13.6.1 Liquid
      13.6.2 Powder
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Clove Extract Market Size Forecast by Applications
      13.10.1 Dietary Supplements
      13.10.2 Personal Care And Cosmetics
      13.10.3 Food & Beverages
      13.10.4 Pharmaceuticals
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Clove Extract Market: Competitive Dashboard
   14.2 Global Clove Extract Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Saipro Biotech
      14.3.2 ROYAL SPICES
      14.3.3 True Ceylon Spices
      14.3.4 Lankan Flavour
      14.3.5 Aroma Aromatics & Flavours
      14.3.6 Super Africa Products
      14.3.7 PTC Agro (PVT)
      14.3.8 Wee Kiat Development
      14.3.9 Manohar Botanical Extracts
      14.3.10 NOW Foods
Segments Covered in the Report
The global Clove Extract market has been segmented based on

By Types
  • Liquid
  • Powder
By Applications
  • Dietary Supplements
  • Personal Care And Cosmetics
  • Food & Beverages
  • Pharmaceuticals
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Saipro Biotech
  • True Ceylon Spices
  • Lankan Flavour
  • Aroma Aromatics & Flavours
  • Super Africa Products
  • PTC Agro (PVT)
  • Wee Kiat Development
  • Manohar Botanical Extracts
  • NOW Foods

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