Cloves Industry size and growth Rate Analysis;
Cloves Market had a worth of USD xx billion in the year 2018 and expected to grow at a CAGR of xx%, to reach USD xx billion in the year 2023. Cloves are acquired from the flower buds of the clove tree. Cloves fall under the category of the spices. The cloves are characterised by a pungent aroma along with a strong spicy taste. Cloves are grounded or are used as they are in preparing several cuisines like marinades and meat. Cloves are also used in the perfumes, tooth pastes, mouth fresheners etc.
Cloves are used in making clove cigarettes; this cigarette has sixty to seventy percent of tobacco and thirty to forty percent of shredded cloves. The clove cigarettes have a considerable amount of tobacco and thus are equally harmful and addictive as the regular cigarettes. The kreteks have an even higher risk rate. Clove cigarettes generally have larger amounts of tar, nicotine and carbon monoxide than the usual American cigarettes.
Cloves Market Segmentation Analysis:
The global Cloves market is segmented based on its form, application, end-user, and distribution channel. Based on form, the global market is segregated into whole, powder, and oil. By application, the market is categorised as health care products, cosmetics and personal care and food and beverages. Based on end users, the market is divided into commercial and household. Based on the distribution channel, the market is divided into online retailers, departmental stores, hypermarket/supermarket, and grocery stores.
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The Global Cloves market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. Asia Pacific has the leading market for Cloves in the world, which is followed by North America and Europe regions. Asia Pacific region is the largest consumer of cloves in the world. Asia Pacific region is expected to have the fastest growth rate during the forecast period.
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Top leading key Players:
Some of the major players in the market are Royal Spices, Lankan Flavour, Super Africa Products, Wee Kiat Development Pte Ltd., NOW Foods, Saipro Biotech Private Limited, True Ceylon Spices, Aroma Aromatics & Flavours, PTC Agro Ltd., and Manohar Botanical Extracts Pvt. Ltd.
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