Clove Oil Market
The market for Clove Oil was estimated at $556 million in 2024; it is anticipated to increase to $872 million by 2030, with projections indicating growth to around $1.27 billion by 2035.
Global Clove Oil Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Clove Oil industry revenue is expected to be around $598.9 million in 2025 and expected to showcase growth with 7.8% CAGR between 2025 and 2034. Building upon its current market significance, Clove oil is positioned as a valuable commodity within the aromatic oils industry. Key factors driving this demand include its vast array of health benefits and the widening applicability spanning numerous sectors. It plays a tangible role in the pharmaceutical, food & beverage, cosmetics, and aromatherapy industries because of its antimicrobial, antifungal, antiviral, and antiseptic properties. Increasing consumer awareness about natural and organic products, along with a thriving essential oil market, contributes significantly to the ongoing relevance of Clove oil.
Clove oil is renowned for its distinct aroma and its unique therapeutic benefits, key features that fuel its popularity. Its primary ingredients are eugenol, eugenyl acetate, caryophyllene and iocaryophyllene, each of which contribute towards its extensive applications. Its major applications extend to dentistry due to its potent analgesic qualities, in addition to its incorporation into skincare products as a natural remedy for acne and aging skin.
Market Key Insights
The Clove Oil market is projected to grow from $555.6 million in 2024 to $1.18 billion in 2034. This represents a CAGR of 7.8%, reflecting rising demand across Dental Care, Aromatherapy, and Cosmetics & Personal Care.
Young Living Essential Oils, doTERRA, and Plant Therapy Essential Oils are among the leading players in this market, shaping its competitive landscape.
India and U.S. are the top markets within the Clove Oil market and are expected to observe the growth CAGR of 5.1% to 7.5% between 2024 and 2030.
Emerging markets including Vietnam, Philippines and Malaysia are expected to observe highest growth with CAGR ranging between 9.0% to 10.8%.
Transition like Increasing Demand from Aromatherapy is expected to add $84 million to the Clove Oil market growth by 2030.
The Clove Oil market is set to add $622 million between 2024 and 2034, with manufacturer targeting Personal Care Products & Aromatherapy Application projected to gain a larger market share.
With Increasing demand in pharmaceutical applications, and expanding Aromatherapy and Personal Care Industry, Clove Oil market to expand 112% between 2024 and 2034.
Opportunities in the Clove Oil
Growth Opportunities in North America and Asia-Pacific
Market Dynamics and Supply Chain
Driver: Increasing Demand in Pharmaceutical Applications, and Technological Advancements in Oil Extraction Methods
Restraint: Regulatory Standards
Opportunity: Exploitation of Therapeutic Benefits and Innovation in Food Industry
Challenge: Fluctuation in Raw Material Prices
Supply Chain Landscape
Clove Cultivation
Oil Extraction
Distribution & Wholesalers
End Users
Clove Cultivation
Oil Extraction
Distribution & Wholesalers
End Users
Use Cases of Clove Oil in Dental Care & Aromatherapy
Recent Developments
The global clove oil industry has witnessed transformative developments in the recent past. These dynamic changes reflect the demanding nature of the consumer market and its gravitation towards natural and organic products. The multi-faceted attributes of clove oil, including its antiseptic, antimicrobial, and anti-inflammatory properties, have gained traction, causing a notable upward swing in the market trends.