Cloves Market Size, Share, Trends and Forecast to 2024
Added: (Fri Jun 21 2019)
Pressbox (Press Release) -
Recent Developments
Cloves are kind of spices prepared from the aromatic flower buds of the clove tree. In terms of flavor and taste, cloves have a pungent aroma and strong spicy taste. They consumed either as a whole or as ground, and have application in meat, culinary food, marinades and in many other cuisines.
Growing demand for consumers looking for products based on natural and herbal ingredients. Changing lifestyle, rising concern to health, and demand for natural based and herbal products are some of the major factors behind the increasing demand for cloves in developing countries.
Cyclones, which damaged the clove fields, accordingly leading to a sharp decline in, clove production in several countries of the world.
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Market Overview
Market Data Forecast published a report named Cloves Market. The global clove market has estimated to reach at a CAGR of 3% during the forecast period 2019-2024.
Report segmented as:
By Form:
Whole
Powder
Oil
By Application:
Food and Beverage Industry
Personal Care
Cosmetics
Health Care Products
Geographical Segmentation:
Based on geography, the market divided under many countries such as North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific has led the global Cloves Market
Key market players
ROYAL SPICES
Saipro Biotech Private Limited
Lankan Flavour
True Ceylon Spices
Super Africa Products
Aroma Aromatics & Flavours
Wee Kiat Development Pte Ltd.
PTC Agro (PVT) LTD.
NOW Foods
Manohar Botanical Extracts Pvt. Ltd.
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The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with huge growth potential identified and debated.
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