Clove Oil Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Clove Oil category?

Are you looking for answers on Clove Oil category?

  • What are the key trends in Clove Oil category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Clove Oil industry?
  • How is Clove Oil industry performing?

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Report Coverage

  • Global Essential Oil Industry Outlook
  • Market Drivers
  • Cost Driver and Demand Analysis
  • Procurement Strategy – Best Practices

Table of Contents

  1. Executive Summary
  2. Global Essential Oil Industry Outlook
  3. End-use Applications
  4. Supply Market Outlook
  5. Evolution of Sustainable Strategies
  6. Sourcing Strategy For Personal Care Products
  7. COVID-19 Impact
  8. Sourcing Location Watch
  9. Supplier Watch
  1. Market Overview
  2. Industry Overview:
  3. Essential Oils
  4. Major Essential Oils Producing Countries
  5. Market Drivers
  6. Market Constraints
  7. End-use Industry Analysis
  8. Seasonality Analysis
  1. Clove Oil Market Analysis
  2. Global Production Analysis
  3. Clove Oil Export Trend
  4. Cost Break-up
  5. Cost Driver and Demand Analysis
  1. Industry Analysis
  2. Porter’s Five Forces Analysis
  3. Technological Evolution
  1. Purchasing Process
  2. Sourcing of Essential Oils
  3. Sourcing of Fragrances
  1. Procurement Insights
  2. Procurement Strategy – Best Practices

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Clove Oil Global Market Outlook:

Market Growth:

$6.8 Billion
Availability (2019–2024) 150,000 MT (Expected to grow at a CAGR of 8.8 percent)

Market Drivers:

  • Increasing demand for natural products
  • Awareness regarding health and wellness.

Industry Trends:

Sustainability initiatives and technology investments to improve yield rates

Porter's Analysis on Clove Oil

Supplier Power

  • The clove oil market is highly concentrated in the South East Asian market, mainly Indonesia, where the supply of clove oil to the global market is more than 75%.

Barriers to New Entrants

  • High cost of production and competition from existing producers are major barriers to market entry
  • Production requires large amounts of raw material to yield significant quantities of oil and often requires large capital investments to process, extract, and store the oil
  • Production of clove oil is highly integrated with Tier I raw material and access to raw material is a barrier to new entrants.

Intensity of Rivalry

  • Distillers of clove Oil in Indonesia are consolidated with top 15 players holding >50% of the market share.

Threat of Substitutes

  • Substitutes to essential oils are synthetic aroma chemicals.
  • Essential oils used for medicinal purposes cannot be substituted but those used for imparting scents are often substituted with synthetic alternatives
  • Fragrances used in personal care products like shampoos, soaps etc., are less regulated than those used in the food and pharmaceutical industry

Buyer Power

  • Clove Oil is used predominantly by cigarette industry and the dental industry. Hence the buyer has more power in determining the prices.

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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