The global clove markets are expected to register high growth in the forecoming years. Major factors driving growth of the global clove markets, growing consumer’s awareness about the clove and products containing clove and clove oil. In addition, increasing use of clove and clove oil in products such as toothpaste, perfumes, skin care, hair care etc., rising usage in healthcare industry to cure problems related to infection, dental, headache are factors driving growth of the global clove market.
The global clove market report has been segmented on the basis of form, application, end user distribution channel, and region.
On the basis of form, the global clove market has been segmented into whole clove, powder clove and clove oil.
On the basis of application, the global clove market has been segmented into food and beverages, personal care & cosmetics, healthcare products, and fragrances. The food and beverages segment is estimated to account for significant market due to wide application as flavouring and aromatic agent in cooking across globe.
On the basis of end user, the global clove market has been segmented into commercial and residential. The commercial end user segment is projected to register highest CAGR in the next five years due to incising application in various industry
On the basis of distribution channel, the global clove market has been segmented into grocery stores, hypermarkets & retail chains, online retailers. The grocery store distribution channel segment is estimated to account for significant market in global clove market owing to ease of availability.
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On the basis of region, the global hand dryer markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In 2017, Asia Pacific clove market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to rising production in countries such as India, Malaysia, Indonesia countries in this region. However, North America and Europe clove market is projected to register highest CAGR in the next five years.
Key players operating in the global clove market include True Ceylon Spices, Royal Spices, Saipro Biotech Private Limited, Super Africa Products, Wee Kiat Development Pte Ltd., Manohar Botanical Extracts Pvt. Ltd., Frontier Natural Products Co-op Inc., PTC Agro (PVT) LTD, Lankan Flavour, and NOW Foods.