Anti-Microbial Properties of Eugenol to drive the Eugenol Market to Reach US$ 754.1 million revenue by 2026

Posted on 2019-03-19 by Mark Hub in Chemicals // 0 Comments

Rockville, USA, 2019-Mar-19 — /EPR Network/ — As per the latest report by Fact.MR, the global market for eugenol is expected to witness robust growth during 2017-2026. The eugenol market is also projected to increase to 5.4% CAGR in terms of volume. It is estimated to reach US$ 745.1 million revenue by the end of 2026.

Pharmacological properties of eugenol are also driving the demand for eugenol in the pharmaceutical industry. Various studies have also been carried out to show the mechanism behind the activity of eugenol. Eugenol also has the capability to reduce viral infection. It has also been found that the epoxide from of eugenol is one of the potential drug candidates in order to induce apoptosis in breast cancer cells. Having a natural bioactive compound, eugenol is being considered on a large scale in the treatment of several disorders.

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Considering the broad scope of the global eugenol market, the report developed by Fact.MR offers indepth analysis, forecast and segment-wise analysis. The global market for eugenol is segmented on the basis of source type, end use, application, and region.

Clove and Cinnamon to Emerge as an Important Source of Eugenol

Based on the source type, clove is likely to emerge as a vital source of eugenol. By the end of 2026, clove is estimated to surpass US$ 600 million revenue.

On the basis of end use, the food industry followed by the pharmaceutical industry is expected to witness the highest growth during the forecast period. The food industry is projected to bring in exceed US$ 200 million revenue towards 2026 end.

Based on the application, eugenol is likely to find the largest application as the base ingredient. By the end of the forecast period, eugenol as the base ingredient is estimated to bring in more than US$ 200 million revenue.

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APEJ to Remain Dominant in Global Eugenol Market

In terms of value, Asia-Pacific excluding Japan (APEJ) is slated to remain dominant in the global eugenol market. Dominance of APEJ in the market can be mainly attributed to surging prevalence of ailments such as diabetes, and cancer. In addition, the region exhibits a significant surge in geriatric population, which is highly prone to these diseases. North America is also expected to remain a remunerative region for the eugenol market, on the back of its technological and economic vigour.

Eugenol derivatives have unlocked a whole new opportunity in the field of pharmacology, kindling interests of leading market players on this compound. These players are making R&D investments for coming up with specifications for identifying dosage of eugenol required for functional applications, and exploring hidden potentials of eugenol in improving human health. Key players that Fact.MR’s report expects to drive growth of the global eugenol market include Van Aroma, Nile Chemicals, Sigma-Aldrich, Nusaroma Indonesia Essential Oil, Berjé, CV. Indaroma, Extrasynthese, Penta Manufacturing Company, Vigon International, and Boc Sciences.

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