Eugenol is found in essential oils of various plants. Eugenol is considered a versatile molecule that is used as a component of various products including pharmaceuticals, food industry, fragrances, flavors, cosmetics, etc. Eugenol also has antioxidant, antibacterial, antimicrobial, cancer-fighting and anti-inflammatory activities. About 80-90% eugenol is found in clove bud oil, while about 82-88% eugenol is found in clove leaf oil. Hence, clove is considered to be the main source of eugenol. Manufacturers are also practicing new methods of extracting eugenol from clove oil. Solvent extraction, microwave assisted extraction, and water distillation are some of the most preferred extraction methods used by manufacturers. The food industry is moving towards the use of eugenol in food preservation because of its antimicrobial properties. The global rise in foodborne diseases is driving the demand for eugenol as part of an effective conservation strategy.
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Meanwhile, the pharmacological properties of eugenol are also driving the demand for eugenol in the pharmaceutical industry. Various studies have also been carried out to reveal the mechanism behind the activity of eugenol. Eugenol also has the ability to reduce viral infections. The epoxide of eugenol has also been found to be one of the potential drug candidates to induce apoptosis in breast cancer cells. Eugenol has a natural bioactive compound and is widely considered in the treatment of various diseases.
According to the latest report from Fact.MR, the global eugenol market is expected to experience robust growth in the period 2017-2026. The global eugenol market is also expected to grow to 5.4% CAGR in volume. It is estimated to have sales of $ 745.1 million by the end of 2026.
Clove and cinnamon as an important source of eugenol
Due to the type of source, the carnation is likely to be an important source of eugenol. The clove is expected to top $ 600 million in sales by the end of 2026.
On a final consumption basis, the food industry, followed by the pharmaceutical industry, is expected to experience the highest growth over the forecast period. The food industry is projected to have sales of more than $ 200 million by the end of 2026.
Because of its application, eugenol will likely find its greatest use as a basic ingredient. By the end of the forecast period, eugenol is estimated to generate more than $ 200 million in sales as a base ingredient.
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Asia Pacific ex Japan (APEJ) to see robust growth in the global eugenol market
APEJ is expected to see significant growth in the global eugenol market in the forecast period 2017-2026. Clove is considered a precious spice in APEJ and is also used in various foods to improve the taste. Clove has one of the richest sources of phenolic compounds known as eugenol. Therefore, the production of eugenol is increasing in the APEJ region. Indonesia, China and India are the countries in APEJ where eugenol is growing the most. Manufacturers are also looking to invest in these countries as the APEJ region has a long history of using eugenol sources such as clove, nutmeg, cinnamon, basil, etc. in essential oils in perfumes, cosmetics and medicinal products, due to its various increasing demand for eugenol in essential oils antimicrobial properties.
Main competitors
Some of the leading companies in the global eugenol market are Boc Sciences, Vigon International, Penta Manufacturing Company, Extrasynthesis, CV. Indaroma, Berjé, essential oil from Nusaroma Indonesia, Sigma-Aldrich, Nile Chemicals and Van Aroma.
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