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
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 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:
- 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
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.
Highlights of The Clove Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Clove Extract Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Liquid
2. Powder
7. By Application:1. Dietary Supplements
2. Personal Care And Cosmetics
3. Food & Beverages
4. Pharmaceuticals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
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 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