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Cloves Market Size, Industry Trends, Historical Data, Growth Analysis Forecast to 2030

The Global Cloves Market Size was evaluated at $4.1 Billion in 2022 and is slated to hit $6.7 Billion by the end of 2030 with a CAGR of nearly 3.7% between 2023 and 2030.

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➤ The global cloves market will be accelerated by the widespread use of cloves as an analgesic for joint pains, antispasmodic, and bruxism.

Clove’s widespread popularity has been facilitated by its broad spectrum of pharmacological effects, which has contributed to the expansion of the global clove market. The global market trends will be further bolstered by the widespread use of cloves as an analgesic for antispasmodic, toothache, and joint pain. Clove essential oil is generally recognized as safe (GRAS) when ingested in concentrations below 1500mg/kg, as per the National Center for Biotechnology Information (NCBI). This has increased the global utilization of cloves.

➤ Clove consumption can result in hemorrhage disorders, which will decimate the global industry growth during the forecast period.

The consumption of cloves can result in bleeding disorders, as Eugenol slows down the blood coagulation process. This has the potential to impede the global cloves industry’s development and demand. Additionally, it is not recommended for minors to consume clove oil, as it may result in liver issues.

➤ The global industry can explore new growth opportunities by leveraging the pain-relieving properties of eugenol.

Cloves exhibit antimicrobial properties, which impede the growth of microorganisms. Additionally, the presence of eugenol can aid in the alleviation of pain and the treatment of infections. This will create advantageous growth prospects for the cloves market worldwide. Cloves offer a multitude of advantages, including the effective management of diabetes and the enhancement of the immune system, which will create new opportunities for development in the global industry.

➤ The global market expansion will be significantly impeded by the side effects that result from the extensive consumption of cloves.

The global cloves market has encountered a significant obstacle in the form of side-effects that result from excessive clove consumption.

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The Global Cloves Market is segmented based on product, application and region

Global Cloves Market: Product Segment Analysis

● Powder
● Whole
● Oil

Global Cloves Market: Application Segment Analysis

● Food and Beverage
● Healthcare Products
● Personal Care & Cosmetics

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The global Cloves market profiles key players such as:

● Royal Spices
● Super Africa Products
● Shaanxi Longleaf Biotechnology Co. Ltd.
● Jiangxi Yisenyuan Plant Spices Co. Ltd
● Clove Rect. Indonesia Oil
● Sancheti Global Inc
● Aroma Aromatics & Flavors
● Saipro Biotech Private Limited
● Qingdao Cemo Technology Develop Co. Ltd.
● Madagascar Spices Company
● PTC Agro Ltd.
● Ultra-International Limited
● Lankan FlavourWee Kiat Development Pte Ltd.
● Hebei Guanlang Biotechnology Co. Ltd

???? Recent Developments

• In the first half of 2022, Indesso, a significant clove oil producer in Indonesia, established a facility in the Mheza district of Tanga to extract oil from ripe clove leaves. This action will stimulate the expansion of the cloves market in the Asia-Pacific region.

• The Kanyakumari clove, an Indian clove variety, was granted a geographical indication marking by the Indian government in the latter half of 2021. For the record, these cloves are harvested in the hilly region of the Western Ghats in the state of Tamil Nadu. The initiative will broaden the extent of the cloves industry’s expansion in the North East and throughout India. Clove cultivation in India will be stimulated by the Indian government’s favorable action, which will also increase the product’s popularity in the Asia-Pacific region.

➤ During the forecast period, the Asia-Pacific cloves market is expected to maintain its regional market dominance.

The cloves industry in the Asia-Pacific is expected to experience significant growth in the years ahead. The largest production of cloves in countries such as Indonesia may contribute to the development of the regional market in 2023-2030. Additionally, the nation exports approximately 15% of its clove production to other nations. For many years, Indonesia has experienced a significant increase in clove production.

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