Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.15 Billion | USD 6.27 Billion | 4.2% | 2024 |
The global cloves market size was worth around USD 4.15 Billion in 2024 and is predicted to grow to around USD 6.27 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 4.2% between 2025 and 2034.
The report analyzes the global cloves market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cloves industry.
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.
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.
Report Attributes | Report Details |
---|---|
Report Name | Cloves Market |
Market Size in 2024 | USD 4.15 Billion |
Market Forecast in 2034 | USD 6.27 Billion |
Growth Rate | CAGR of 4.2% |
Number of Pages | 205 |
Key Companies Covered | Saipro Biotech Private Limited, True Ceylon Spices, ROYAL SPICES, Aroma Aromatics & Flavours, Lankan Flavour, PTC Agro (PVT) LTD., Super Africa Products, Wee Kiat Development Pvt. Ltd., NOW Foods, Manohar Botanical Extracts Pvt. Ltd., and others. |
Segments Covered | By Form, By Application, By Distribution Channel, By End-Use, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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 report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cloves market on a global and regional basis.
The global cloves market is dominated by players like:
By Form
By Application
By Distribution Channel
By End-Use
By Region
FrequentlyAsked Questions
The global cloves market is expected to grow due to rising demand in food & beverage and pharmaceutical industries, growing popularity of natural remedies, increasing spice trade, and expanding use in essential oils and cosmetics.
According to a study, the global cloves market size was worth around USD 4.15 Billion in 2024 and is expected to reach USD 6.27 Billion by 2034.
The global cloves market is expected to grow at a CAGR of 4.2% during the forecast period.
Asia-Pacific is expected to dominate the cloves market over the forecast period.
Leading players in the global cloves market include Saipro Biotech Private Limited, True Ceylon Spices, ROYAL SPICES, Aroma Aromatics & Flavours, Lankan Flavour, PTC Agro (PVT) LTD., Super Africa Products, Wee Kiat Development Pvt. Ltd., NOW Foods, Manohar Botanical Extracts Pvt. Ltd., among others.
The report explores crucial aspects of the cloves market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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