Press release
Clover Leaf Oil Market Expected to Grow at a Considerable Pace Between 2017-2022
Clover leaf oil comprises aphrodisiac, antiviral, antiseptic, antifungal, antimicrobial, and stimulant properties. Along with its benefits in dental care, clover leaf oil can also be utilized for treating minor health concerns. Helping to relax, smooth muscle lining in the gastrointestinal tract, this essential oil aids halting digestive problems including vomiting, and nausea. Consumers across the globe are highly adopting clover leaf oil for addressing skin-related problems such as wrinkles, acne, warts, and sagging skin. In addition, clover leaf oil is utilized for driving the insects away by combining it with other citrus essential oils.
Shifting consumer preferences to the adoption of natural ingredients-based products have resulted into the development of innovative personal care products. As clover leaf oil is deprived of detrimental side effects associated with conventional medicines & drugs, demand for clover leaf oil is expected to gain an uptick in the upcoming years. Customers are now having keen interests for specialized products, as several applications necessitate requirement of specific ingredients and characteristics. These are entirely fulfilled by the clover leaf oil, which can be a major influencing factor for growth of the market. However, large quantities of clover leaves are needed for producing just an ounce of oil, which can act as an impeding factor for production and demand side of the market, as this results into high cost of the products.
The global market for clover leaf oil is projected to register a moderate expansion over the forecast 2017 to 2022. The market is estimated to surpass US$ 500 Mn revenues by 2022-end.
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Natural Clover Leaf Oil to Remain Sought-After Among Consumers
Based on source type, natural clover leaf oil will continue to be sought-after in the global market, with revenues poised to account for over three-fourth share of the market during the forecast period. However, sales of organic clover leaf oil are estimated to register a sluggish expansion through 2022.
Sales of absolute and blends form of clover leaf oil are expected to register a parallel expansion at 4.1% CAGR through 2022, natural segment being relatively more lucrative than the blends segment. Concentrates segment is expected to be the second most lucrative clover leaf oil in the global market by 2022-end.
Clover Leaf Oil to Witness the Largest Application in Therapeutics
Clover leaf oil are projected to witness the largest application in therapeutics across the globe. In addition, sales of clover leaf oil in therapeutics will continue to register the fastest expansion through 2022.
Modern trade will continue to be the largest distribution channels for clover leaf oil during the forecast period. In addition, sales of clover leaf oil in modern trade and franchise outlets are expected to register similar CAGRs through 2022. Sales of clover leaf oil in online distribution channel will continue to register the highest CAGR through 2022.
Europe will remain the largest market for clover leaf oil, with sales poised to witness a steady expansion through 2022. Revenues from sales of clover leaf oil in Europe will account for over one-third share of the market over the forecast period. The market for clover leaf oil in North America will register a sluggish expansion through 2022.
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