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 the 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 the increasing need of consumers for natural aromatherapy products and quality scents, hence the 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 the functional benefits of essential oils and aromatherapy on 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 Clove Bud Essential Oil Market Study was developed as a result of extensive primary and secondary research, qualitative analysis, and quantitative analysis of significant market segments. Business experts have also acknowledged and verified the clever information. The report's objective is to provide more details on the general market environment for lead-free piezoelectric ceramic materials.
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Competitive Terrain:
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.
Leading Market Players Profiled in the Report:
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
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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.
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Clove Bud Essential Oil market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Outlook: The leading companies operating in the Clove Bud Essential Oil market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Report Objective: The primary objective of this report is to provide the manufacturers, distributors, suppliers, and buyers engaged in this sector with access to a deeper and improved understanding of the global Clove Bud Essential Oil market.
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Market Overview:
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)
- Absolute
- Blends
- Others
- Application Outlook (Revenue, USD Million; 2019-2032)
- Cosmetics
- Pharmaceuticals
- Food & Beverage
- Others
- Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
- Online
- Offline
Regional Outlook:
- North America (the U.S., Canada, Mexico)
- Europe (the U.K., Germany, France, Italy)
- Asia Pacific (India, China, Japan, Korea)
- Latin America (Brazil, Argentina, Ecuador, Chile)
- Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key reasons to buy the Global Clove Bud Essential Oil Market report:
- The latest report comprehensively studies the global Clove Bud Essential Oil market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products & services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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