According to a new market report published by Lucintel, the future of the eugenol market looks promising with opportunities in perfumeries, flavorings, essential oils, medicine, plastics and rubber, production of isoeugenol, and others. The global eugenol market is expected to grow with a CAGR of 8% from 2020 to 2025. The major drivers for this market are increasing demand for viewed as a key bioactive atom, which is available is flavors and has hostile to diabetic potential.
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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 applications of eugenol. Medicine will remain the largest segment by application type over the forecast period due to increased consumer demand as it is 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 as it is mainly attributed to surging prevalence of ailments such as diabetes and cancer, and growing revenues from end use of eugenol in personal care products.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global eugenol market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Eugenol Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global eugenol market by source 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]:
United States
Canada
Mexico
Germany
United Kingdom
France
Italy
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
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