MARKET INTRODUCTION
Cloves are the unopened, nail shaped, dried flower buds of the clove trees. They have a pungent, hot, astringent, and bitter flavor and are used as an important ingredient in various spice blends in South Asia. They are used in a number of cuisines in South Asia, Mediterranean, Africa, Middle East, and other parts of the world. They are also used in traditional medicine as analgesics. The clove oil containing the compound eugenol is used in alleviating tooth ache.
MARKET DYNAMICS
The medicinal benefits of cloves has led to high demand for cloves used in the preparation of natural herbal products. They are used in manufacturing herbal toothpastes and tooth powders as they contain the compound eugenol which fights infections and alleviates pain. Herbal mouthwashes made from clove and other herbal ingredients which have anti-bacterial properties and promote oral health and gum health are gaining popularity. The growing demand for cloves in the herbal industry is anticipated to generate significant opportunities for cloves growers and manufacturers in the future. Cloves are a common household spice in most Indian homes. They are used in preparing spice mixes, masalas, and a number of indian spicy dishes. The ready-to-use spice mixes and masalas are gaining popoularity over traditionally homemade and ground spices in India. The growing sales of ready made spice blends is likely to drive the demand for cloves market in the forecast period.
MARKET SCOPE
The "Global Cloves Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cloves market with detailed market segmentation by form, application, end-user, distribution channel, and geography. The global cloves market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cloves market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cloves market is segmented on the basis of form, application, end-user, and distribution channel. On the basis of form, the cloves market is segmented into, whole, powder, and oil. On the basis of application, the market is bifurcated into, food and beverages, personal care products, and health care products. Based on end-user, the global cloves market is segmented into household and commercial. On the basis of distribution channel, the market is bifurcated into hypermarket and supermarket, convenience stores, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cloves market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cloves market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cloves market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cloves market in these regions.
MARKET PLAYERS
The reports cover key developments in the cloves market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cloves market are anticipated to lucrative growth opportunities in the future with the rising demand for cloves in the global market. Below mentioned is the list of few companies engaged in the cloves market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cloves market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ROYAL SPICES
- TRUE CEYLON SPICES
- LANKAN FLAVOUR
- AROMA AROMATICS AND FLAVOURS
- SUPER AFRICA PRODUCTS
- SAIPRO BIOTECH PRIVATE LIMITED
- PTC AGRO (PVT) LTD.
- WEE KIAT DEVELOPMENT PTE LTD.
- MANOHAR BOTANICAL EXTRACTS PVT. LTD
- NOW FOODS.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.