Clove Market by Product Form (Powder, Whole Oil), Application (Food and Beverage, Healthcare Products, Personal Care & Cosmetics), Distribution Channel (Hypermarket/Supermarket, Departmental Stores, Grocery Stores), End-Users (Commercial, Household) & Region for 2024-2031
Report ID: 179761|No. of Pages: 202
Clove Market by Product Form (Powder, Whole Oil), Application (Food and Beverage, Healthcare Products, Personal Care & Cosmetics), Distribution Channel (Hypermarket/Supermarket, Departmental Stores, Grocery Stores), End-Users (Commercial, Household) & Region for 2024-2031
Clove Market Valuation – 2024-2031
The clove market is primarily driven by the spice’s application in food, beverages, and medicines. Indonesia, Madagascar, and Tanzania are the top producers, contributing to the vast majority of global supply. Cloves are in high demand in both the culinary and non-culinary industries, with applications including traditional medicine, aromatherapy, and personal care items. This is likely to enable the market size to surpass USD 5.9 Billion in 2024 to reach a valuation of around USD 6.9 Billion by 2031.
The growing popularity of natural and organic products drives market expansion. The Asia-Pacific region dominates the market, owing to strong demand in India and China. However, the market confronts problems due to fluctuating raw material prices and the availability of synthetic replacements. The rising demand for Clove is enabling the market to grow at a CAGR of 3.70% from 2024 to 2031.
Clove Market: Definition/ Overview
Clove is a spice made from the flower buds of the clove tree (Syzygium aromaticum). It is native to Indonesia and is frequently used in cooking for its warm, aromatic flavor, as well as a medicinal herb with analgesic and antibacterial effects. Cloves are high in essential oils, particularly eugenol.
Clove is a popular spice in cooking due to its aromatic flavor, especially in Asian, African and Middle Eastern cuisines. It also has therapeutic characteristics and is commonly used in traditional medicine for its antibacterial, anti-inflammatory and pain-relieving properties, especially for tooth problems.
Clove’s prospective applications include traditional medicine, culinary flavoring and aromatherapy. It’s also being studied for its antibacterial and anti-inflammatory qualities, which could be used in pharmaceuticals, natural insecticides and oral care products such as toothpaste and mouthwash.
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Will Growing Demand for Natural and Organic Products Boost the Clove Market Growth?
The increasing demand for natural and organic products is projected to drive clove market expansion. As customers look for natural alternatives to health, wellness and personal care, clove’s natural antibacterial, anti-inflammatory and fragrant characteristics make it an appealing ingredient. In the food and beverage industry, clove is prized for its distinct flavor and potential health advantages, which aligns with the movement toward clean label and less processed foods. Clove essential oil is widely used in personal care and healthcare products due to its medicinal properties.
This growing consumer preference for natural and organic components is expected to boost demand for clove, creating market potential and quickening growth across a variety of applications.
Will Increasing Weather and Climate Risks Hamper the Clove Market?
Increasing weather and climate hazards may harm the clove market. Cloves are climate-sensitive, requiring certain temperature and rainfall patterns for optimal growth. Extreme weather conditions, such as protracted droughts or extreme rainfall, can reduce clove yields and quality. Furthermore, shifting climate conditions may trigger insect and disease outbreaks, reducing crop viability.
Such disruptions can induce changes in supply, resulting in price volatility and even shortages. As a result, parties in the clove market may experience difficulties in maintaining regular production levels, thereby affecting market stability and growth. Adapting agricultural techniques and investing in climate-resilient strategies will be critical for mitigating these risks.
Category-Wise Acumens
Will Wide Product Variety and Attractive Pricing Drive the Distribution Channel Segment?
The hypermarkets and supermarkets segment is projected to hold major share in the market over the forecast period. The growing need for diverse product offering and competitive pricing among consumers is anticipated to enable the segment dominate. A wide selection of clove products, including whole cloves, ground cloves and essential oils, meet the diversified needs of consumers in a variety of applications. This variety enables hypermarkets and supermarkets distributors to address specific customer needs in the culinary, healthcare and personal care industries.
Competitive pricing methods help attract more buyers by providing affordable solutions, hence expanding market penetration and accessibility. As a result, distributors can broaden their reach and gain more market share. Increasing product diversity, paired with reasonable pricing, increases the appeal of hypermarkets and supermarkets, making them critical to market growth and consumer engagement.
Will Increasing Spice’s Popularity as A Flavoring Agent in Various Cuisines Drive the Application Segment?
Spices, particularly clove, are becoming increasingly popular as flavoring agents in various cuisines, which is projected to drive the food and beverage application segment. As global culinary trends shift, customers seek out new and unusual flavors, raising demand for spices such as clove. Its distinct flavor complements both classic and contemporary meals, resulting in its extensive use in cooking and baking.
This trend is fueled by a growing interest in world cuisine and a thriving food and beverage business. Furthermore, the advent of food fusion and gourmet cookery drives up demand for clove, supporting its market relevance. As a result, the food and beverage category is projected to experience significant growth.
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Country/Region-wise Acumens
Will High Consumption in Traditional Cuisines Drive the Market in Asia Pacific?
The Asia-Pacific clove industry is being driven primarily by rising consumption in traditional cuisines. Clove is a common component in many Asian cuisines, particularly in India, Indonesia and Sri Lanka, where it is used in a wide range of meals, spice mixes and beverages. The spice’s distinct flavor profile and aromatic characteristics make it an essential ingredient in curries, marinades and traditional herbal teas.
Furthermore, the region’s rich culinary heritage and rising population contribute to a consistent need for cloves. Aside from culinary applications, clove’s antibacterial and anti-inflammatory effects in traditional medicine help to drive market expansion in Asia-Pacific. This region’s cultural and historical ties to cloves ensure its continued market supremacy.
Will Increasing Demand for Natural and Organic Ingredients in Food Drive the Market in North America Region?
The growing demand for natural and organic food components is projected to propel the clove market in North America. Consumers are becoming more health conscious and they are actively looking for natural, organic products free of harmful additives and preservatives. Clove, known for its antibacterial and anti-inflammatory characteristics, is a good fit for this trend.
As a result, food makers and culinary enthusiasts are adding cloves into recipes and goods, hence driving market growth. Furthermore, the rise of premium and gourmet food trends, combined with increasing knowledge of the benefits of natural ingredients, is driving demand for clove in the North American market.
Competitive Landscape
The clove market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the clove market include:
- McCormick & Company, Inc.
- The Kraft Heinz Company
- Archer Daniels Midland Company
- Olam International Limited
- Kerry Group plc
Latest Developments
- In February 2022, Indesso, an Indonesian Java-based clove oil company, established a factory to extract oil from ripe clove leaves in Msasa IBC village in Tanga’s Muheza district.
- In October 2021, the Indian government approved the geographical indication (Gl) tag for the Kanyakumari clove varietal. This clove type is most commonly found in the steep districts of Tamil Nadu’s Western Ghats.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2021-2031 |
| Growth Rate | CAGR of ~3.70% from 2024 to 2031 |
| Base Year for Valuation | 2024 |
| Historical Period | 2021-2023 |
| Forecast Period | 2024-2031 |
| Quantitative Units | Value in USD Billion |
| Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Players | McCormick & Company, Inc., The Kraft Heinz Company, Archer Daniels Midland Company, Olam International Limited, Kerry Group plc. |
| Customization | Report customization along with purchase available upon request |
Clove Market, By Category
Form:
- Powder
- Whole
- Oil
Application:
- Food and Beverage
- Healthcare Products
- Personal Care & Cosmetics
Distribution Channel:
- Online Retailers
- Hypermarket/Supermarket
- Departmental Stores
- Grocery Stores
End-User:
- Commercial
- Household
Region:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Customization of the Report
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Clove Market, By Product Type
• Whole Cloves
• Ground Cloves
6. Clove Market, By Distribution Channels
• Retail Stores
• Online Retail
• Food Service Industry
• Wholesale Market
5. Clove Market, By End-Use Application
• Food Industry
• Beverage Industry
• Pharmaceuticals
• Personal Care and Cosmetics
• Others
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• McCormick & Company, Inc. (US)
• The Kraft Heinz Company (US)
• Archer Daniels Midland Company (US)
• Olam International Limited (Singapore)
• Kerry Group plc (Ireland)
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
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We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
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The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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