Clove Market Size, Share, Industry, Forecast and outlook (2024-2031)

Clove Market is Segmented By Type (Dried Clove, Clove, Powder, Others), By Application (Food, Healthcare, Personal Care/Cosmetics), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share Outlook, and Opportunity Analysis, 2024-2031 

Clove Market Overview

The Clove Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Clove is a spice derived from the dried flower buds of the clove tree and is widely used in culinary and medicinal applications. The market is driven by the growing demand for natural flavors and ingredients, the increasing awareness about the health benefits of cloves, and the expanding food and beverage industry. In Asia, the Clove Market is witnessing significant growth. Key players in the market include E.I. du Pont de Nemours and Company, Kerry Group PLC, Takasago International Corporation, and other prominent players.

Cloves are the aromatic flower buds of a tree and are mostly used as spices in the food industry.  Cloves are available in various forms such as clove as flower, powder, oil, and others. Clove products are used in healthcare, personal care/cosmetics, dietary supplements, and others. Cloves have a good amount of protein, fiber, and manganese. In addition, it possesses several health benefits such as helping in digestion, boosting the immune system, controlling diabetes, fighting oral diseases, and treating headaches, and many others.

An increasing number of health-conscious consumers is the major factor accelerating the growth of the clove market in the forecast period as cloves have numerous health benefits which help consumers maintain good health.  Furthermore, cloves can also relieve stress, and cures natural bad breath, and many other disorders which attract consumers thereby, propelling the market growth. Thus, owing to these benefits, the demand for cloves in various industries such as food, healthcare, personal care/cosmetics, and others has increased globally.

Clove Market Summary 

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Clove Market Dynamics

The rise in awareness about the health benefits of cloves is driving the growth of the global clove market

The diversified use of cloves & their extract in herbal formulations offers benefits such as weight management, prevention from cancer, and others. In addition, it also acts as an anti-stress, and also fights oral diseases, these health benefits of cloves are expected to accelerate the market growth in the forecast period. Cloves powder or oil can also be combined with the various majority of the food items that can be used in the food and beverage sectors for further use. Thus, another major driver for the growth of the global clove industry is the rising use of its extract in a variety of food products as an additive.

Furthermore, changing consumer dietary preferences and inclination toward nutritious food products are increasing the demand for cloves and clove extract in the market. Clove is used in various food applications to flavor the food, as freshener in drinks, as a spice to spice up the food, and many others.

Consumer demand for natural, organic, and plant-based food products, has witnessed exponential growth in recent years. Due to increased consumer preferences for healthy and nutritious food products, along with this, the increased preference for plant-based healthy and tasty food alternatives Research studies show that the global clove market is anticipated to witness significant growth in the coming years. In addition, the increased use of cloves in dietary supplements, personal care & cosmetics is also propelling the market growth.

For instance,

• In June 2021, the Times of India mentioned that clove toothpaste can take care of oral health & hygiene properly.

Thus, the increased awareness about the health benefits and nutritional content, and medicinal properties of cloves increases their demand in the market which ultimately has helped the market to grow in coming years.

However, the side effects associated with cloves such as sore gums, mouth irritation, bleeding, or swollen gums.  Furthermore, cloves are also associated with liver problems and infections. The awareness about the side effects of cloves is expected to restrain the market growth.

Clove Market Segmentation Analysis

The dried cloves segment stands for the highest share in the global cloves market

In 2021, the dried cloves segment had the highest revenue share of YY percent.  Dried cloves have been the most preferred choice of consumers due to the growing demand for organic and chemical-free food products globally, more than coupled with a rise in demand for healthy & nutritious products along with good taste.

In 2021, the food segment had the highest revenue share of YY percent. The key manufacturing companies focus on establishing online product availability. Various companies also offer products on their websites and through various channels. In addition, various companies are introducing various clove products such as clove oil, dried cloves, clove powder, and others. The variety of applications associated with cloves increases their demand in the market thereby helping the market to grow in the coming years.

Clove Market Geographical Share

North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of almost YY percent. The region has well-developed food, healthcare, and cosmetic industries, where the demand for plant-based, healthy, and nutritious food is increasing. Consumers in the U.S. prefer to eat healthy products with medicinal properties which again adds to the growth of the market. In addition, clove is also used in majority of the household applications as an ingredient in the U.S. Thus, the increased usage of cloves in a variety of applications in North America is driving the growth of the market.

Clove Market Companies and Competitive Landscape

The global clove market is competitive and comprises players such as 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., Manohar Botanical Extracts Pvt. Ltd among others. The clove market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities of product innovation for vegan people and consumers' preference for natural forms of products are also expected to propel market growth.

COVID-19 Impact on Clove Market Growth

Negative impact on the global clove market

The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, business close, and travel bans. Food and beverages are among the major industries that suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants.

In addition, the shutdowns of the companies, and factory production facilities in various countries have disrupted the whole supply chain. It has negatively impacted manufacturing activities, delivery schedules, and various goods sales. Multiple companies have already announced possible delays in product deliveries and a decline in future sales of their products.

Furthermore, the restrictions on import-export restrictions imposed by governments in various regions such as North America, Asia, and Europe are hindering geographical expansion, business collaboration, and partnership opportunities. Thus, these factors are hindering the growth of the clove market.

However, there has been a sudden shift towards healthy and natural products, consumers especially preferred products with medicinal properties to stay away from any disorders during & after covid-19 pandemic which has increased the demand for cloves globally.

The global clove market report would provide access to approximately 34 market data tables, 20 figures, and 170 pages