Cloves

Global Cloves Market to Reach US$6.7 Billion by 2030

The global market for Cloves estimated at US$5.9 Billion in the year 2024, is expected to reach US$6.7 Billion by 2030, growing at a CAGR of 2.1% over the analysis period 2024-2030. Whole Cloves Form, one of the segments analyzed in the report, is expected to record a 2.1% CAGR and reach US$3.2 Billion by the end of the analysis period. Growth in the Ground Cloves Form segment is estimated at 1.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 4.3% CAGR

The Cloves market in the U.S. is estimated at US$1.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 4.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.4% and 1.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.

Cloves- Key Trends and Drivers

Cloves are a highly aromatic spice derived from the flower buds of the Syzygium aromaticum tree, native to the Maluku Islands in Indonesia. These dried flower buds are known for their intense flavor and aroma, which comes from the compound eugenol, making them a popular addition in cuisines worldwide. Cloves are used in both whole and ground form and are a staple in spice blends such as garam masala in India, pumpkin spice in the United States, and quatre épices in France. Beyond their culinary use, cloves have a rich history in traditional medicine and are used for their antiseptic, analgesic, and anti-inflammatory properties. They also feature prominently in the production of cigarettes and some toothpastes and mouthwashes, valued for their distinctive flavor and therapeutic effects.

The global market for cloves is influenced by various cultural, economic, and culinary factors. As a versatile ingredient, cloves are found in a myriad of products ranging from savory dishes to desserts and beverages. Their use in holiday recipes in Western countries, particularly during the Christmas season, and in religious and cultural ceremonies in parts of Asia and Africa, underscores their global appeal and perennial demand. The trade of cloves is also a significant economic contributor in countries like Madagascar, Indonesia, and Tanzania, where cloves are a key export commodity. Moreover, the spice’s popularity in traditional and herbal medicine, especially in Chinese and Ayurvedic treatments, continues to support its market globally, driven by a growing consumer interest in natural health products and holistic wellness.

The growth in the cloves market is driven by several factors including rising global culinary interest and the increasing incorporation of ethnic and exotic spices into everyday cooking. The spice`s health benefits, particularly its potential for managing blood sugar levels and reducing inflammation, align with the current consumer trend towards functional foods that promote health and wellness. Additionally, advancements in agronomy and better cultivation techniques have improved yield and quality, making cloves more accessible to international markets. The growth of online spice retailers and global distribution channels has also made it easier for consumers to obtain high-quality cloves regardless of their geographic location. Furthermore, the expanding vegan and vegetarian populations are increasingly using spices like cloves to enrich the flavors of plant-based dishes, contributing to the sustained demand and growth of the cloves market.

SCOPE OF STUDY:

The report analyzes the Cloves market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Form (Whole Cloves Form, Ground Cloves Form, Oil Form); Distribution Channel (Supermarkets / Hypermarkets, Specialty Retailers, Online Distribution Channel, Other Distribution Channels); End-User (Food & Beverage End-User, Personal Care & Cosmetics End-User, Pharmaceutical End-User, Other End-Users)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• A.G. Organica Pvt. Ltd
• Aroma Aromatics & Flavors
• Berje Inc.
• De Monchy Natural Products BV
• Diasporaco Co.
• Eastmade Spices & Herbs Private Limited
• Fairoils SRL
• Lankan Flavour
• Madagascar Spices Company
• NOW Foods
• P.T.C Agro (Private) Limited
• PT Indo Madagaskar Raya
• Saipro Biotech Private Limited
• Schiff Food Products Co., Inc.
• Shaanxi Bolin Biotechnology Co.,Ltd
• True Ceylon Spices
• Ultra International B.V.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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