Cloves Market: Overview
The cloves are obtained from the flower buds of the clove tree. Cloves come in the category of the spices. The cloves have a pungent aroma and have a strong spicy taste. Cloves are grounded or are used whole in the preparation of the several cuisines such as marinades and meat. Cloves are also used in the tooth pastes, perfumes, mouth fresheners, etc.
Cloves Market: Facts
Cloves are used in making clove cigarettes; this cigarette has 60% to 70% of tobacco and 30% to 40% of shredded cloves. The clove cigarettes have a considerable amount of tobacco and thus are equally addictive and harmful as the regular cigarettes. The kreteks have even more risk rate. According to the research by the U.S. Centers for Disease Control and Prevention (CDC), the clove cigarettes contain more amount of tar, nicotine, and carbon monoxide than the regular American cigarettes brands.
Cloves Market: Segmentation
The global market for the cloves is fragmented into its form, application, end-user, and distribution channel. Based on the form, the global market is segregated into powder, whole, and oil. Based on the application, the market is categorized into personal care and cosmetics, food and beverage industry, and health care products. Based on the end-user, the market is divided into household and commercial. Based on the distribution channel, the market is bifurcated into departmental stores, online retailers, hypermarket/supermarket, and grocery stores.
Cloves Market: Growth Factors
The major factor that supports the growth of the cloves market is its increasing use in the food industry. There are regions that add cloves in the preparation of their cuisines so that the food is flavorful and has that strong spicy taste. The cloves are being also used in the healthcare and the personal care sectors owing to the growing demand from the consumers for natural and herbal products. The other factors that are supporting the growth of the cloves market are changing preferences of the consumers, increasing awareness among the consumers about the benefits of the natural products and the change in the lifestyle.
Cloves Market: Regional Analysis
The region that is dominating the cloves market is Asia Pacific region. The Asia Pacific region has the major consumption of the cloves and thus this region dominates the market both in terms of volume and value. There is an increasing demand for the cloves in the regions such as Western Europe and North America. The factor that contributes to the market growth in these regions is the increasing application of the cloves in the health care, personal care, and cosmetic sector.
Cloves Market: Competitive Players
The key market players that are involved in the cloves market include Royal Spices, Lankan Flavour, Super Africa Products, Wee Kiat Development Pte Ltd., NOW Foods, Saipro Biotech Private Limited, True Ceylon Spices, Aroma Aromatics & Flavours, PTC Agro Ltd., and Manohar Botanical Extracts Pvt. Ltd.
Cloves Market: Regional Segment Analysis
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