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Overview of Eugenol Market Global Eugenol Market to Reach US$ 754.1 million revenue by 2026 end
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Eugenol 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.
Eugenol to Seek Significant Adoption as Potential Chemotherapeutic Agent
Predominantly sought in spices including basil, cinnamon, clove and nutmeg, eugenol comprises potent anti-stress and neuro-protective properties. In light of these properties, eugenol hold potential of inhibiting transmission in sciatic nerves, and improving neuronal complications. In addition, novel strategies implemented in cancer prevention have initiated utilization of eugenol as one of the potential chemotherapeutic agent. Synergistic effect of eugenol combined with chemo-preventive drugs significantly help in reducing drug toxicity in normal cells, meanwhile augmenting cytotoxicity of synthetic agents. Inhibitory action of eugenol & iso-eugenol have been suggested against melanoma cell lines, as it induces apoptosis and leads to cell cycle arrest, thereby curtailing cell proliferation in cancer patients.
Among various strategies employed for combating diabetes, diet remains radical in keeping blood-sugar level balanced. Researchers have inclined their preference toward diet-based regime for treating various metabolic disorders. Hyper-glycosylation of bioactive molecules have been associated with metabolic pathways and elimination of pathologies. Eugenol is considered to be a key bioactive molecule, which is present is spices and has anti-diabetic potential. This has further resulted into robust adoption of eugenol and its derivatives in diet plans of diabetic patients, whose number is witnessing a significant surge worldwide.
As per the latest report by Fact.MR, the global market for eugenol is expected to witness robust growth during 2017-2026. The global eugenol market is also projected to increase to 5.4% CAGR in terms of volume. It is estimated to reach US$ 745.1 million revenue by the end of 2026.
Clove and Cinnamon to Emerge as an Important Source of Eugenol
Based on the source type, clove is likely to emerge as a vital source of eugenol. By the end of 2026, clove is estimated to surpass US$ 600 million revenue.
On the basis of end use, the food industry followed by the pharmaceutical industry is expected to witness the highest growth during the forecast period. The food industry is projected to bring in exceed US$ 200 million revenue towards 2026 end.
Based on the application, eugenol is likely to find the largest application as the base ingredient. By the end of the forecast period, eugenol as the base ingredient is estimated to bring in more than US$ 200 million revenue.
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APEJ to Remain Dominant in Global Eugenol Market
In terms of value, Asia-Pacific excluding Japan (APEJ) is slated to remain dominant in the global eugenol market. Dominance of APEJ in the market can be mainly attributed to surging prevalence of ailments such as diabetes, and cancer. In addition, the region exhibits a significant surge in geriatric population, which is highly prone to these diseases. North America is also expected to remain a remunerative region for the eugenol market, on the back of its technological and economic vigour.
Revenues from end-use of eugenol in personal care products is forecast to record the fastest expansion through 2026. Numerous unapproved OTC products exist in the market with eugenol as an integral compound for preventing and treating toothache. In addition, eugenol is commonly employed in dental procedures along with zinc oxide for cementation of temporary prostheses.
Competition Tracking
Eugenol derivatives have unlocked a whole new opportunity in the field of pharmacology, kindling interests of leading market players on this compound. These players are making R&D investments for coming up with specifications for identifying dosage of eugenol required for functional applications, and exploring hidden potentials of eugenol in improving human health. Key players that Fact.MR’s report expects to drive growth of the global eugenol market include Van Aroma, Nile Chemicals, Sigma-Aldrich, Nusaroma Indonesia Essential Oil, Berjé, CV. Indaroma, Extrasynthese, Penta Manufacturing Company, Vigon International, and Boc Sciences.
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About Fact.MR
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