Clover leaf oil is derived from clover tree, which is originally found in Southeast Asian Countries such as Indonesia. Clover leaf oil is well known for its advantages to oral health. It has been approved as the dental anesthetic gargle and mouthwash, and helps in fighting throat and mouth infections. It is also used as an ingredient in pharmaceutical and dental products.
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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.
Key Insights from the Report include:
- Through 2022, the demand for clover leaf oil in its absolute form is expected to remain closely equal to the demand for concentrated form of clover leaf oil. Both forms are anticipated to procure more than one-third share on global revenues, individually. Meanwhile, blended clover leaf oil products will lose traction in terms of demand, reflecting a sluggish growth at lowest CAGR.
- In 2017 and beyond, eight out of ten clover leaf oil products sold in the market will be sourced from natural clover plants. The demand for naturally sourced clover leaf oil will be high in Europe, while global demand for organically procured clover leaf oil will witness a considerable decline towards the end of the forecast period.
- Proactive lifestyles of consumers in European countries are pegged to influence the sales of clover leaf oil products. In Europe, the demand for clover leaf oil is expected to gain traction owing to prevalent inclination of consumers towards health-benefiting products. Consumers in this region are likely to be aware about the benefits of clover leaf oil in boosting energy, improving blood circulation and being a natural anti-inflammatory ointment. The report projects that through 2022, Europe will remain the largest market for clover leaf oil in the world.
- North America, on the other hand, is expected to witness lowest growth in its clover leaf oil market. The sales of clover leaf oil in the US and Canada will reflect a sluggish growth by exhibiting a 2.5% CAGR throughout the forecast period. Low on-shelf availability of clover leaf oil products and a relatively less awareness regarding benefits of clover oil are expected to contribute to the moderate growth of North America’s clover leaf oil market during the forecast period.
- On the basis of application, therapeutic use of clover leaf oil products will witness a significant upsurge. The report also predicts that use of clover leaf oil in aromatherapy, production of fragrances, and production of food products & beverages will also witness impressive growth in the years to come.
- Modern trade outlets are expected to contribute to more than two-fifth of global market value throughout the forecast period. These outlets will be observed as largest distribution channel in the global clover leaf oil market, while online sales of clover leaf oil products are expected to procure more than US$ 80 Mn revenue by the end of 2022.
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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