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Eugenol Market worth $2.47 billion by 2030, growing at a CAGR of 5.81% - Exclusive Report by 360iResearch

03-01-2024 02:29 PM CET | Chemicals & Materials

Press release from: 360iResearch

Eugenol Market | 360iResearch

Eugenol Market | 360iResearch

The "Eugenol Market by Source Type (Basil, Cinnamon, Cloves), Purity Grades (98% Grade, 99% Grade), Application, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Eugenol Market to grow from USD 1.66 billion in 2023 to USD 2.47 billion by 2030, at a CAGR of 5.81%.

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Eugenol is a naturally occurring compound, classified as a phenylpropene, predominantly found in clove oil, nutmeg, cinnamon, basil, and bay leaf. Its distinctive, spicy aroma is recognizable and is a colorless to pale yellow oily liquid at room temperature. Chemically, it is known for its antiseptic and analgesic properties, which have long been leveraged in traditional medicine, particularly in dentistry, and serve as a local antiseptic and anesthetic. Meanwhile, the increasing need for pharmaceutical and food and beverage industries and a preference for eco-friendly agriculture products have propelled the demand for eugenol. However, the strict government regulations associated with eugenol are a significant challenge manufacturers and suppliers face. Companies are adhering to government regulations to remain agile within the global landscape. Consequently, technological advancements in extraction methods have significantly contributed to the availability and affordability of high-quality eugenol. Improved extraction techniques, including supercritical fluid extraction and microwave-assisted extraction, have enhanced the yield and purity of eugenol, making it more accessible for a range of applications.

The United States and Canada are prominent players for eugenol in the American market, driven by advanced research facilities and a significant demand for natural health solutions and food preservatives. The United States has seen a growth in patents related to the health applications of eugenol, reflecting a trend towards leveraging its antioxidant and antimicrobial properties. Canada's market is growing with an increased focus on natural and organic personal care products. On the other hand, EMEA exhibits strong market potential for eugenol due to stringent regulations favoring natural over synthetic additives. This regulatory landscape has fostered innovations and investments in natural fragrances and flavors, particularly in countries such as France and Germany. Across the Asia Pacific, there is a strong cultural inclination towards natural and herbal products, influencing purchasing decisions heavily. Increased awareness regarding health and wellness has further propelled the demand for eugenol-based products. China, Japan, and India are key markets within the Asia Pacific region, each with distinct characteristics. China's rapid industrial growth has made it a significant market for eugenol, particularly in pharmaceuticals and personal care. Japan focuses on high-quality, innovative uses of eugenol in flavorings and fragrances. As a significant producer of clove oil, India remains a substantial market and exporter of eugenol.

Market Segmentation & Coverage:

This research report categorizes the Eugenol Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Source Type, market is studied across Basil, Cinnamon, Cloves, and Nutmeg. The Basil is projected to witness significant market share during forecast period.

Based on Purity Grades, market is studied across 98% Grade and 99% Grade. The 98% Grade is projected to witness significant market share during forecast period.

Based on Application, market is studied across Flavorings & Fragrances, Personal Care & Cosmetics, Pesticide, and Pharmaceuticals. The Pesticide is projected to witness significant market share during forecast period.

Based on End-User, market is studied across Agriculture, Consumer Goods, Food & Beverage, and Healthcare. The Healthcare is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.86% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Eugenol Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Eugenol Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Eugenol Market, highlighting leading vendors and their innovative profiles. These include Arogreen, S.L., Arora Aromatics Pvt. Ltd., Augustus Oils Ltd., Azelis Group, Berje Inc., Chemcopia Ingredients Pvt. Ltd., CheMondis GmbH, Ensince Industry Co., Ltd., Ernesto Ventós S.A., Firmenich SA, Foreverest Resources Ltd., Frater Perfumes Ltd., Hangzhou Dayangchem Co. Ltd., ION Science Ltd., Katyani Exports, Kelvin Natural Mint Pvt. Ltd., Merck KGaA, OQEMA, sro, Otto Chemie Pvt. Ltd., Pell Wall Ltd., Penta Manufacturing Company, Shanghai Jizhi Biochemical Technology Co., Ltd, SOM Extracts Ltd., Taytonn ASCC Pte Ltd., The Good Scents Company, Van Aroma, Vizag Chemicals, and Yasho Industries.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Eugenol Market, by Source Type
7. Eugenol Market, by Purity Grades
8. Eugenol Market, by Application
9. Eugenol Market, by End-User
10. Americas Eugenol Market
11. Asia-Pacific Eugenol Market
12. Europe, Middle East & Africa Eugenol Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Eugenol Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Eugenol Market?
3. What is the competitive strategic window for opportunities in the Eugenol Market?
4. What are the technology trends and regulatory frameworks in the Eugenol Market?
5. What is the market share of the leading vendors in the Eugenol Market?
6. What modes and strategic moves are considered suitable for entering the Eugenol Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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