Clove Bud Essential Oil market share, size, revenue, current trends, CAGR status, and forecast data until 2032
Clove Bud Essential Oil Market Size Worth USD 691.6 Million in 2032
Global Clove Bud Essential Oil Market Forecast to 2032
The global clove bud essential oil market size was USD 221.5 Million in 2022 and is expected to register a steady revenue CAGR of 12.0% during the forecast period, according to latest analysis by Emergen Research. Rapid growth in the aromatherapy industry is a major factor driving market revenue growth. Aromatherapy is gaining popularity globally, due to increasing need of consumers for natural aromatherapy products and quality scents, hence rising demand for products in the hospitality industry. Sedentism has resulted in rising stress and anxiety levels globally. Aromatherapy is in high demand since it has been clinically demonstrated to improve cognitive performance, mood, and performance ability in such conditions. Companies are using functional benefits of essential oils and aromatherapy within the supply side. At the same time, the fragrance industry has shifted from traditional perfume to wellness and self-care. Moreover, beauty and skin care products are becoming more integrated into the wellness business and aromatherapy is becoming an important component of fragrance, beauty, and well-being.
The most current market research report from Emergen Research, which focuses on the global Clove Bud Essential Oil market, provides in-depth analysis of each of the market’s major segments. The research on the global Clove Bud Essential Oil market includes information on market size, revenue growth rate, industry data, revenue splits by regional markets, gross margins, production costs, and product portfolios. The report also highlights a number of other micro- and macroeconomic factors, including the most important drivers, opportunities, trends, difficulties, supply and demand ratios, production and consumption patterns, stringent regulatory frameworks, and a wide range of other factors.
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The global Clove Bud Essential Oil industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Botanic Healthcare, Cedarome, Mountain Rose Herbs, Biolandes, Falcon, Frontier Co-op, Rocky Mountain Oils, LLC., Citrus and Allied Essences Ltd., Lebermuth, Inc., and Edens Garden
Research Report on the Clove Bud Essential Oil Market Addresses the Following Key Questions:
- Who are the dominant players of the Clove Bud Essential Oil market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Clove Bud Essential Oil market?
- What are the key growth drivers and restraining factors of the Clove Bud Essential Oil market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Clove Bud Essential Oil market and its key segments?
The report bifurcates the Clove Bud Essential Oil market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- Product Type Outlook (Revenue, USD Million; 2019-2032)
- Application Outlook (Revenue, USD Million; 2019-2032)
- Food & Beverage
- Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
Regional Landscape section of the Clove Bud Essential Oil report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Some Key Highlights From the Report
- The blends segment accounted for a moderate revenue share in 2022. This is due to rising demand for natural botanicals in treating various illnesses. In addition, end-users in various countries are increasingly getting inclined towards aromatherapy due to its various benefits. For instance, aromatherapy aids in managing pain, improving sleep quality, reducing stress, soothing sore joints, and improving immunity, among others. Cosmetic manufacturers are utilizing essential oils to blend them into their products, such as mouthwash, shampoo, and others, which significantly increases customer retention.
- The Food & Beverage (F&B) segment accounted for a moderate revenue share in 2022. This is attributed to significant investments in increasing shelf lives of cereal products and increasing focus on quality of food safety. In addition, clove bud essential oil contains antioxidant and antimicrobial properties, which is crucial for agricultural products and beverage manufacturers. In addition, increasing awareness regarding easy availability, low cost, and high quality is further rising demand for clove bud essential oils and driving revenue growth of the market of this segment.
- The online segment accounted for a moderate revenue share in 2022. This is due to increasing number of participants in the e-commerce industry and significant investments in optimizing the supply chain. In addition, rapid adoption of smartphones and provision of huge discounts and other offers are further driving revenue growth of this segment. Consumers in various countries have realized that they can find best products from the comfort of their own homes at their leisure. All reputable online businesses include a full description of the product as well as various reviews, allowing people to make informed selections.
- The Asia Pacific market accounted for a moderate revenue share in 2022. This is due to significant investments in immunity boosters among end-users in various countries in this region. Clove oil can aid in boosting the immunity of individuals. While, antioxidant characteristic of oil functions as a scavenger for free radicals, which can cause diseases such as cancer and heart. In addition, dried flower bud of clove contains chemicals that aid in immune system improvement by increasing white blood cell count, consequently improving delayed-type hypersensitivity. Moreover, increasing medicinal applications is other key factor driving market revenue growth. For instance, clove oil is preferred as an antimicrobial to kill bacteria and used as a pain reliever for conditions such as toothache and muscle pain and relieving respiratory conditions including cough and asthma.
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Clove Bud Essential Oil market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
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