Report Feature
The future of the eugenol market looks promising with opportunities in the food and beverages industry, animal feed, chemical industry, pharmaceuticals, personal care, agriculture, and others. The global Eugenol market is expected to grow with a CAGR of 7%-9% from 2020 to 2025. The major drivers for this market are increasing demand for convenience food and technological innovations, and production of Eugenol from cost effective renewable sources are other factors driving the market growth.
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The study includes trends and forecast for the global eugenol market by product type, application, and region as follows:
By Source Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Cloves
Cinnamon
Nutmeg
Basil
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Perfumeries
Flavorings
Essential oils
Medicine
Plastics and rubber
Production of isoeugenol
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Asia Pacific
Japan
China
India
The Rest of the World
Some of the eugenol companies profiled in this report include Van Aroma, Nile Chemicals, Sigma-Aldrich, Nusaroma Indonesia Essential Oil, Berjé, CV. Indaroma, Extrasynthese, Penta Manufacturing Company, Vigon International, and Boc Sciences.
In this market, cloves, cinnamon, nutmeg, basil, and others are the major product types. Lucintel forecasts that cloves will remain the largest segment over the forecast period because owing to its potent anti-stress and neuro-protective properties properties, is a significant growth attribute for the market.
Within this market, perfumeries, flavorings, essential oils, medicine, plastics and rubber, production of isoeugenol, and others are the major application of eugenol. Medicine will remain the largest segment by application type over the forecast period due to increased consumer demand for is being viewed as an effective therapeutic tool, which can be incorporated in various food products and herbal medicines to contend considerable metabolic disorders. On account of its significant antimicrobial properties, eugenol seeks application in inhibiting growth of the microbial populations in several food products.
Asia-Pacific is expected to witness the highest growth over the forecast period due to its mainly attributed to surging prevalence of ailments such as diabetes, and cancer, and growing revenues from end-use of eugenol in personal care products.
Table of Contents
1. Executive Summary
4.1 Global Eugenol Market by Region
4.2.1 Market by Source Type: Cloves, Cinnamon, Nutmeg, Basil, and Others
4.2.2 Market by Application: Perfumeries, Flavorings, Essential Oils, Medicine, Plastics and Rubber, Production of Isoeugenol, and Others
4.2.3 The United States Eugenol Market
4.2.4 The Canadian Eugenol Market
4.2.5 The Mexican Eugenol Market
4.3.1 Market by Source Type: Cloves, Cinnamon, Nutmeg, Basil, and Others
4.3.2 Market by Application: Perfumeries, Flavorings, Essential Oils, Medicine, Plastics and Rubber, Production of Isoeugenol, and Others
4.3.3 The German Eugenol Market
4.3.4 The French Eugenol Market
4.3.5 The Italian Eugenol Market
4.4.1 Market by Source Type: Cloves, Cinnamon, Nutmeg, Basil, and Others
4.4.2 Market by Application: Perfumeries, Flavorings, Essential Oils, Medicine, Plastics and Rubber, Production of Isoeugenol, and Others
4.4.3 The Chinese Eugenol Market
4.4.4 The Japanese Eugenol Market
4.4.5 The Indian Eugenol Market
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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