THE GLOBAL CLOVES MARKET SIZE AND SHARE WAS EVALUATED AT $4.1 BILLION IN 2022 AND IS ANTICIPATED TO REACH $6.7 BILLION BY 2030 WITH A CAGR OF 3.7% BETWEEN 2023 AND 2030.
The Global Cloves Market Size was evaluated at $4.1 Billion in 2022 and is slated to hit $6.7 Billion by the end of 2030 with a CAGR of nearly 3.7% between 2023 and 2030. The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The report covers the geographical market along with a comprehensive competitive landscape analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.
Clove is one of the valuable spices that has been utilized as a food preservative and for medicinal purposes. Reportedly, the clove plant is a rich source of phenolic compounds that include eugenol acetate, gallic acid, and eugenol. Moreover, clove finds application in cosmetics, farming, pharmaceuticals, and food industries. For the record, the anti-microbial and anti-oxidant activities of clove are greater than a large number of vegetables, fruits, and other spices. As per NIH researchers, the use of clove as a larvicidal agent can help in fighting dengue- a serious health issue in Brazil and other tropical regions. According to WHO, humans can consume nearly 2.5mg/kg of clove in terms of weight.
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Massive utilization of cloves as analgesic for joint pains, antispasmodic, and toothache to expedite the growth of the global cloves market
Wide range of pharmacological effects of clove has made it popular across the globe, thereby leveraging the growth of the global cloves market. Large-scale use of cloves as an analgesic for antispasmodic, toothache, and joint pains will further boost the global market trends. According to NCBI, clove essential oil is generally recognized as safe (GRAS) when it is consumed in lesser than 1500mg/kg concentrations. This has boosted the use of cloves across the globe.
Large-scale use of cloves in personal care products, cosmetics, healthcare products, and various kinds of foods will enhance the scope of growth of the cloves market across the globe. Furthermore, clove is also used for treating health-related issues such as cold & cough, thereby driving global market trends. Cloves also help in curing natural bad breath and this has enhanced their popularity across the globe.
Apparently, clove is good for the lungs and can halt the abnormal proliferation of cells in the lungs. Moreover, a large number of clinical studies have demonstrated that cloves help in preventing lung cancer. In addition to this, clove oil acts as an expectorant for treating upper-respiratory ailments, bronchitis, and asthma. All these aforementioned aspects will benefit the expansion of the global cloves market.
Clove consumption can cause bleeding disorders and hence decimate the global industry growth during the forecast timespan
Intake of clove can cause bleeding disorders with Eugenol slowing down the blood clotting process. This can hinder the demand and growth of the global cloves industry. Apart from this, intake of clove oil is not advisable for children as it can create liver problems in them.
Pain-reliving features of eugenol to generate new growth avenues for the global industry
Cloves possess anti-microbial characteristics, thereby arresting the proliferation of bacteria. Moreover, the presence of eugenol can help in reducing pain and curing infections. This will open lucrative opportunities for growth for the cloves market across the globe. A large number of benefits such as bringing improvement in the immune system and effective management of diabetes offered by cloves will open new vistas of growth for the global industry.
Side-effects due to huge clove intake to pose a big challenge for market expansion globally
Side-effects caused due to high intake of cloves have proved to be the major challenge in the path of growth of the global cloves market.
The global cloves market is sectored into form, application, end-users, distribution channel, and region.
Based on the form, the cloves market across the globe is divided into powder, whole, and oil segments. The oil segment is slated to dominate the form segment over the forecast timeline subject to the massive demand for clove oil in oral applications for treating toothache and the antioxidant feature of clove oil. In addition to this, clove oil is used as an antibacterial for killing bacteria and as a pain reliever for muscle pain. Apart from this, the product is also used for treating digestive problems of an individual and relieving respiratory conditions including asthma and cough. This, in turn, will further boost the segmental surge.
In terms of distribution channel, the global cloves industry is bifurcated into departmental stores, online retailers, hypermarket/supermarket, and grocery stores segments.
Based on the end-users, the global cloves market is divided into commercial and household segments.
In terms of application, the global cloves industry is sectored into healthcare products, food and beverage, and personal care & cosmetics segments. Moreover, the food and beverage application, which contributed lucratively towards the global cloves industry share in 2022, will lead the global industry share in the foreseeable future. The segmental surge over the next eight years can be ascribed to the application of cloves in food products to impart flavor and taste to them. In addition to this, cloves are also used in tea and other beverages, thereby driving segmental growth.
|Cloves Market Research Report
|Market Size in 2022
|USD $4.1 Billion
|Market Forecast in 2030
|USD $6.7 Billion
|Compound Annual Growth Rate
|CAGR of 3.7%
|Number of Pages
|Value (USD Million), and Volume (Units)
|Key Companies Covered
|Royal Spices, Super Africa Products, Shaanxi Longleaf Biotechnology Co., Ltd., Jiangxi Yisenyuan Plant Spices Co., Ltd, Clove Rect. Indonesia Oil, Sancheti Global Inc, Aroma Aromatics & Flavors, Saipro Biotech Private Limited, Qingdao Cemo Technology Develop Co., Ltd., Madagascar Spices Company, PTC Agro Ltd., Ultra-International Limited, Lankan FlavourWee Kiat Development Pte Ltd., NOW Foods, Union Trading Company, True Ceylon Spices, Eastmade Spices & Herbs Private Limited, Ultra International B.V., Berje Inc., Hebei Guanlang Biotechnology Co., Ltd, and Manohar Botanical Extracts Pvt. Ltd.
|By Form, By Distribution Channel, By Application, By End-Users, And By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
|North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|2017 to 2021
|2023 - 2030
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Asia-Pacific Cloves Market To Retain Its Regional Market Domination During Forecast Timespan
The cloves industry in the Asia-Pacific is predicted to witness noteworthy growth in the forecasting years. The growth of the regional market in 2023-2030 can be subject to the largest production of cloves in the countries such as Indonesia. Moreover, the country also exports the clove about 15% of cloves to other countries. The production of clove in Indonesia has been surging for many years. According to FAO (The Food and Agriculture Organization), clove production accounted for nearly 135 thousand metric tons in 2019 with near clove being cultivated on 569 thousand hectares of arable land area. For the record, 90% of clove production is consumed locally in Indonesia and the rest is exported to countries such as Singapore, UAE, Pakistan, Bangladesh, Singapore, the U.S., and India.
The cloves market profiles key industry players such as:
By Distribution Channel
Clove is one of the valuable spices that has been utilized as a food preservative and for medicinal purposes. Reportedly, the clove plant is a rich source of phenolic compounds that include eugenol acetate, gallic acid, and eugenol.
The global cloves market is projected to expand over 2023-2030 owing to the large-scale use of cloves as an analgesic for antispasmodic, toothache, and joint pains will further boost the global market trends. Furthermore, clove is also used for treating health-related issues such as cold & cough, thereby driving global market trends.
According to study, the global cloves market size was $4.1 billion in 2022 and is projected to reach $6.7 billion by the end of 2030.
The global cloves market is anticipated to record a CAGR of nearly 3.7% from 2023 to 2030.
The Asia-Pacific cloves industry is set to register humungous growth over the upcoming years owing to largest production of cloves in the countries such as Indonesia. Moreover, the country also exports the clove about 15% of cloves to other countries.
The global cloves market is led by players like Royal Spices, , Super Africa Products, Shaanxi Longleaf Biotechnology Co., Ltd., Jiangxi Yisenyuan Plant Spices Co., Ltd, Clove Rect. Indonesia Oil, Sancheti Global Inc, Aroma Aromatics & Flavors, Saipro Biotech Private Limited, Qingdao Cemo Technology Develop Co., Ltd., Madagascar Spices Company, PTC Agro Ltd., Ultra-International Limited, Lankan FlavourWee Kiat Development Pte Ltd., NOW Foods, Union Trading Company, True Ceylon Spices, Eastmade Spices & Herbs Private Limited, Ultra International B.V., Berje Inc., Hebei Guanlang Biotechnology Co., Ltd, and Manohar Botanical Extracts Pvt. Ltd.