1 Global Clove Leaf Oil and Its Derivatives Market Size (Revenue) and CAGR (2024-2033)
In 2024, the global market revenue for Clove Leaf Oil and Its Derivatives is projected to reach 180.18 million USD. This figure is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.25% from 2024 to 2033.
Clove leaf oil, extracted from the leaves of the clove tree through steam distillation, is a colorless to pale yellow liquid with a characteristic spicy, powdery, herbal odor. It is renowned for its antimicrobial, analgesic, antiseptic, and insect-repellent properties, making it a staple in natural remedies, aromatherapy, and personal care products. The derivatives include compounds like Eugenol, Caryophyllene, Iso-Eugenol, Methyl Eugenol, and others, each with unique properties and applications.
Figure Global Clove Leaf Oil and Its Derivatives Market Size (M USD) and CAGR 2024-2033
2 Clove Leaf Oil and Its Derivatives Market Growth Drivers and Restraints
The market for Clove Leaf Oil and Its Derivatives is influenced by several key drivers. One of the primary drivers is the growing consumer preference for aromatherapy and natural and organic cosmetics. The rise in demand for aromatherapy is attributed to increased life stress, rising incidence of chronic diseases and mental illness, and a growing consumer preference for natural and holistic wellness solutions. Additionally, the food and beverage industry’s shift towards healthier food options has increased the demand for clove leaf oil as a natural flavor enhancer and preservative.
However, the market also faces certain restraints. Synthetic and substandard products available on the market pose a challenge, as they can be cheaper alternatives to natural essential oils. Furthermore, clove production restrictions, such as fluctuations in crop yields and the impact of climate change on clove cultivation, can affect the supply and price of clove leaf oil. These factors, coupled with the potential side effects of clove leaf oil, such as skin irritation and allergic reactions, limit its use in high concentrations and pose challenges to product formulation in the cosmetic and pharmaceutical sectors.
3 Clove Leaf Oil and Its Derivatives Technological Innovations and Corporate Mergers
The Clove Leaf Oil and Its Derivatives market is experiencing significant technological innovations and corporate restructuring. Advanced production technologies, such as microwave-assisted extraction (MAE), ultrasonic-assisted extraction (UAE), subcritical fluid extraction, and supercritical fluid extraction (SFE), are being adopted to improve extraction performance and reduce extraction time and energy consumption. These methods enhance the yield of organic compounds by applying microwave or ultrasonic energy, which can destroy the cell walls of the plant matrix, allowing the compounds to flow better from the biological material.
Corporate mergers and acquisitions are also shaping the market landscape. For instance, Robertet’s acquisition of Aroma Esencial, a Spanish specialist in natural ingredients, has allowed Robertet to strengthen its industrial capacities in terms of fractionation and distillation. Additionally, partnerships like the one between Van Aroma and Jandico Limited aim to enhance market presence and offer innovative solutions to customers in Europe and the UK. These strategic moves are crucial for companies to expand their product lines and meet the growing demand for high-quality natural ingredients.
4 Global Clove Leaf Oil and Its Derivatives Market Size and Share by Type in 2024
The global market for Clove Leaf Oil and Its Derivatives is segmented by type, with each type contributing significantly to the overall market size. In 2024, Eugenol is expected to hold the largest market share, with a revenue of 64.15 million USD. Caryophyllene, Iso-Eugenol, Methyl Eugenol, and Clove Leaf Oil also contribute to the market, with revenues of 11.13, 6.97, 6, and 71.08 million USD, respectively. The “Others” category, which includes Eugenyl Acetate, α-Humulene, α Copaene, etc., is projected to generate a revenue of 20.87 million USD.
Each type of Clove Leaf Oil and Its Derivatives has unique properties and applications. Eugenol, for example, is known for its antioxidant capacity, antibacterial, neuroprotective ability, hypolipidemic efficiency, anti-inflammatory action, anti-carcinogenic effects, and anti-diabetic effectiveness. Caryophyllene is renowned for its antimicrobial, anticarcinogenic, anti-inflammatory, antioxidant, anxiolytic-like, and local anesthetic effects.
Iso-Eugenol is used in the formulation of perfumes, shaving products, and skin care products, while Methyl Eugenol is known for its potential medicinal properties, antimicrobial, and anti-inflammatory effects. Clove Leaf Oil itself is used in natural remedies, aromatherapy, and personal care products due to its potent scent and therapeutic benefits.
Table Global Clove Leaf Oil and Its Derivatives Market Size and Share by Type in 2024
Type | Market Size (M USD) 2024 | Market Share 2024 |
Eugenol | 64.15 | 35.60% |
Caryophyllene | 11.13 | 6.17% |
Iso-Eugenol | 6.97 | 3.87% |
Methyl Eugenol | 6.00 | 3.33% |
Clove Leaf Oil | 71.08 | 39.45% |
Others | 20.87 | 11.58% |
5 Global Clove Leaf Oil and Its Derivatives Market Size and Share by Application in 2024
In 2024, the global market for Clove Leaf Oil and Its Derivatives is expected to be dominated by the Food & Beverages application, which is projected to generate a revenue of 102.56 million USD. This segment is followed by Cosmetics, with a revenue of 43.10 million USD, and Others, which include applications in medicines, cigarettes, and wood preservation, generating a revenue of 34.52 million USD.
Clove leaf oil and its derivatives find extensive use across various applications due to their unique properties. In the Food & Beverages sector, clove leaf oil is used as a flavor enhancer in products such as chocolate, candy, cookies, cakes, frostings, ice cream, yogurt, shakes, and smoothies. Its antimicrobial properties also make it a natural preservative, addressing consumer demands for healthier and more natural food options.
In the Cosmetics industry, clove leaf oil is valued for its anti-inflammatory properties, which help reduce redness and irritation associated with skin conditions like acne and eczema. It is used in formulations for creams, serums, and oil mixtures, often diluted with plant oils and applied topically.
Table Global Clove Leaf Oil and Its Derivatives Market Size and Share by Application in 2024
Application | Market Size (M USD) 2024 | Market Share 2024 |
Food & Beverages | 102.56 | 56.92% |
Cosmetics | 43.10 | 23.92% |
Others | 34.52 | 19.16% |
6 Global Clove Leaf Oil and Its Derivatives Market Size by Region in 2024
The global market for Clove Leaf Oil and Its Derivatives is also segmented by region, with Asia-Pacific emerging as the region with the largest market share and the fastest growth. In 2024, the Asia-Pacific region is expected to generate a revenue of 73.21 million USD, followed by Europe with 51.81 million USD, and North America with 38.51 million USD. The Middle East & Africa and Latin America also contribute to the market, with revenues of 8.69 and 7.96 million USD, respectively.
The Asia-Pacific region’s dominance in the market can be attributed to several factors. Firstly, the region has a large consumer base with growing disposable incomes, leading to increased demand for personal care products, food and beverages, and other applications of clove leaf oil. Secondly, the region is a major producer of cloves, with countries like Indonesia and India being leading producers. This geographical advantage provides a steady supply of raw materials, supporting the growth of the market.
Europe’s significant market share is driven by the region’s established cosmetic and food industries, which have a high demand for natural and organic ingredients. The region’s focus on sustainability and natural products aligns well with the properties of clove leaf oil and its derivatives.
North America’s market is characterized by a strong demand for natural health and wellness products, including aromatherapy and natural remedies. The region’s robust healthcare and personal care industries contribute to the demand for clove leaf oil.
Figure Global Clove Leaf Oil and Its Derivatives Market Size by Region in 2024
7 Top 3 Companies of Global Clove Leaf Oil and Its Derivatives Market
The global market for Clove Leaf Oil and Its Derivatives is dominated by several key players, each with a unique profile and product offerings. The top three companies in this market are PT Indesso Aroma, Yasho Industries Limited, and Givaudan (NATEMA). These companies are leading the industry with their extensive product ranges, innovative technologies, and strong market presence.
7.1 PT Indesso Aroma
PT Indesso Aroma is a leading company in the production of clove oil and its derivatives. Established in 1968 and headquartered in Indonesia, Indesso is recognized as the world leader in clove oil and its derivatives, with a 60% world market share.
The company offers a wide range of products, including clove oil derivatives like Eugenol, Isoeugenol, Isoeugenyl acetate, Methyl eugenol, Methyl isoeugenol, Caryophyllene acetate, and Vanillin. Indesso also develops botanical extracts such as cocoa, coffee, tea, and vanilla extracts, spice oils & oleoresins, cheese powders, and Culinaroma seasonings and savory ingredients.
In 2024, PT Indesso Aroma is projected to achieve a revenue of 107.41 million USD with a gross margin of 28.16%.
7.2 Yasho Industries Limited
Yasho Industries Limited, established in 1993 and headquartered in India, is a market leader in the supply of clove oil and its derivatives.
These products are premium-quality ingredients for the flavor, fragrance, consumer products, essential oils, food, beverage, and allied industries. Yasho Industries offers a variety of aroma chemicals under the YAROMAX® brand, including BIE, CP, CL (80), CB, DMHQ, EUL, EUS (60), EUG, EAT, IE, IEA, ME, and MIE.
In 2024, Yasho Industries Limited is expected to generate a revenue of 11.21 million USD with a gross margin of 25.25%.
7.3 Givaudan (NATEMA)
Givaudan (NATEMA), established in 1895 and headquartered in Switzerland, is a global industry leader in creating game-changing innovations in food and beverages as well as inspiring creations in the world of scent and beauty.
Givaudan operates in the expanded market space of flavor & taste, functional & nutrition ingredients, fragrance & beauty, worth CHF 42 billion. NATEMA, a joint venture between Givaudan and Henri Fraise Fils et Cie, is one of the largest clove leaf oil processing plants in the world. Givaudan’s products and services include a wide range of natural ingredients and products created in one of its 14 global creation centers.
In 2024, Givaudan (NATEMA) is projected to achieve a revenue of 11.57 million USD with a gross margin of 29.71%.
