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Latin America Cloves Market By Form (Whole, Powder, And Oil), By Application (Food And Beverage Industry, Personal Care And Cosmetics And Health Care Products), By End Users (Commercial And Household), By Distribution Channel (Online Retailers, Departmental Stores, Hypermarket/Supermarket And Grocery Stores) And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: March, 2023
ID: 6040
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Cloves Market Size Share Demand Volume Analysis 2022 - 2027

Latin America Cloves Market had a worth of USD xx billion in the year 2021 and expected to grow at a CAGR of xx%, to reach USD xx billion in the year 2026. Cloves are acquired from the flower buds of the clove tree. Cloves fall under the category of the spices. The cloves are characterised by a pungent aroma along with a strong spicy taste. Cloves are grounded or are used as they are in preparing several cuisines like marinades and meat. Cloves are also used in the perfumes, tooth pastes, mouth fresheners etc.

Cloves are used in making clove cigarettes; this cigarette has sixty to seventy percent of tobacco and thirty to forty percent of shredded cloves. The clove cigarettes have a considerable amount of tobacco and thus are equally harmful and addictive as the regular cigarettes. The kreteks have an even higher risk rate. Clove cigarettes generally have larger amounts of tar, nicotine and carbon monoxide than the usual American cigarettes.

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

XX%

Segments Covered

By Form, By Application, and By End User

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Countries Covered

Brazil, Mexico, and Argentina

Market Leaders Profiled

Super Africa Products, Wee Kiat Development Pte Ltd., NOW Foods, Saipro Biotech Private Limited, True Ceylon Spices, Aroma Aromatics & Flavours, PTC Agro Ltd., and Manohar Botanical Extracts Pvt. Ltd

The key driving factor of Latin America Cloves market is its increasing use in the food industry. There are regions that add cloves in the preparation of their cuisines in order to make the food flavourful and has that strong spicy taste. The cloves are being also used in the personal care and healthcare sectors owing to the rising demand from the consumers for herbal and natural products. Also, other factors which are propelling the growth of this market are rising awareness among the consumers about the benefits of natural products, changing preferences of the consumers and lifestyle changes among others.

The Latin America Cloves market is segmented based on its form, application, end-user, and distribution channel. Based on form, the Latin America market is segregated into whole, powder, and oil. By application, the market is categorised as health care products, cosmetics and personal care and food and beverages. Based on end users, the market is divided into commercial and household. Based on the distribution channel, the market is divided into online retailers, departmental stores, hypermarket/supermarket, and grocery stores.

The Latin America Cloves market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as rising application of cloves in food and growing personal care and cosmetics industry is expected to drive the market growth in the region.

Some of the major players in the market are Royal Spices, Lankan Flavour, Super Africa Products, Wee Kiat Development Pte Ltd., NOW Foods, Saipro Biotech Private Limited, True Ceylon Spices, Aroma Aromatics & Flavours, PTC Agro Ltd., and Manohar Botanical Extracts Pvt. Ltd.

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