Global Clove Essential Oil Industry to reach USD XX billion by 2025.
Global Clove Essential Oil Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Clove Essential Oil Industry is continuously growing across the world over the coming years. Clove essential oil is a volatile pale-yellow aromatic oil obtained from clove flowers, formerly much used in confectionery, dentistry and microscopy. Cloves occur in nature as unopened pink flower buds of the evergreen tree and are indigenous to Indonesia and Madagascar. Such cloves are handpicked and dried until they turn brown, after which they are grinded to powder form and then converted to essential oil for medicinal purpose. Increasing use of oils in pharmaceutical, cosmetics, food and other products as raw materials and growing research & development activities are the substantial drivers of the Industry across the globe. Moreover, rising demand for natural products and growing demand for aromatherapy which likely to boosting the demand in the near future. Further, clove oil reduces headaches, it improves digestion, it is remedy for ear pain, and it keeps cold & cough away. These benefits also rising demand of clove essential oil among its users. However, several side effects associated with the use of clove essential oil and depletion of natural resources are the factors which limiting the Industry growth of clove essential oil across the world.
The regional analysis of Global Clove Essential Oil Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of Industry share. North America estimate to grow in the global Clove Essential Oil Industry over the upcoming years. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2025 owing to rise in the availability & affordability of these essential oil in the region.
Clove Essential Oil Industry Share and Size by 2019-2025
Clove Essential Oil Market Segmentation:
* Edible Clove Essential Oil
* Medicinal Clove Essential Oil
* Spices With Clove Essential Oil
* Food Industry
* Pharmaceutical Industry
* Spice Industry
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Clove Essential Oil Market are as follows:
India Essential Oils
Manohar Botanical Extracts Pvt. Ltd.
Aroma Aromatics & Flavours
Saipr - Biotech Private Ltd.
Great American Spice
Rocky Mountain Oils