May 26, 2020 8:00 PM ET
iCrowd Newswire – May 26, 2020
The Global Red Clover Market is projected to expanding at a CAGR of 13.7% during the forecast period, 2020 – 2026. The growth of the market is attributed to its use for medical purposes such as for cancer prevention, indigestion, managing cholesterol, cough, asthma, bronchitis, and sexually transmitted diseases (STDs). It is also used to treat symptoms of menopause such as hot flashes, breast pain or tenderness (mastalgia), premenstrual syndrome (PMS), and skin inflammations such as psoriasis and eczema.
Red clover was brought to the Americas by the first settlers and was known for its outstanding properties by the Native Americans who swiftly adopted the plant into their herb lore. Red clover’s brightly colored flowers contain many nutrients including calcium, chromium, magnesium, niacin, phosphorus, potassium, thiamine, and vitamin C. Red clover (Trifolium pretense), is a wild, leguminous, perennial herb, which is native to the meadows of Europe, Western Asia, and Africa. Red clover extensively is broadly distributed throughout the US due to its nutritional benefits and properties. In the food & beverage industry, red clover is used as a flavoring ingredient and used in tea blends due to its nutritional properties.
Red clover is a wild plant belonging to the legume family. Cattle and other animals graze on red clover. It provides excellent phytoestrogen activity as it contains many Phyto estrogenic isoflavones (plant-based chemicals that produce estrogen-like effects in the body). Extracts of red clover isoflavones are different from the whole herb, and in fact, represent only a small, highly concentrated and likely bioactive part of the entire herb.
Market Trends, Drivers, Restraints, and Opportunities:
- Rise in prevalence of ailments due to increasing pollution and unhealthy lifestyle is driving market growth.
- Growth in the consumption of tea is fueling the demand for red clover in the food & beverage industry.
- Increase in awareness about the various medicinal properties increases its the demand in the pharmaceutical industry. Thus, driving the growth in the market.
- Lack of global awareness regarding red clover and its medicinal usage due absence of inclusion as primary ingredient in tea is restraint to the market.
- Limited availability of cultivable land is a restrainer in the market.
- Research on red clover and different herbs are by healthcare and beauty industries is creating opportunities for the use of red clover for hair growth and massage oils.
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Major companies in the global red clover market include Avestia Pharma, Herbo Nutra, Indigo Herbs Pvt Ltd, Monterey Bay Spice, and Herb Pharm. These players are engaged in developing products using organic and various chemical properties to target various health affecting issues. The companies are engaging in strategic acquisitions, product launches, R&D, agreements, and collaborations to gain market share. Companies are using red clover to make medicines for prostate cancer and to boost estrogen to prevent breast cancer and endometrial cancer.
Indigo herbs have designed a tincture for health-conscious individuals to add to their regular dose of supplement juices and developed loose clover tea bags. The company has also developed capsules for regular intake for regulate menstrual cycles, hormonal health, and ease symptoms of menopause and bone mineral density. Monterey Bay Spice has developed powder, ointments, lotions, facial wash and hair care.
Segments Covered in This Report:
Segment by Forms:
- Raw Forms
- Processed Forms
Segment By End-User Industries:
- Food & Beverage
- Asia Pacific
- North America
- Middle East & Africa
- Latin America
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Table of Content:
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Red Clover Market Overview
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Red Clover Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.4. Market Trends
4.4. Red Clover Market – Supply Chain
4.5. Global Red Clover Market Forecast
4.5.1. Red Clover Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Red Clover Market Size (000? Units) and Y-o-Y Growth
4.5.3. Red Clover Market Absolute $ Opportunity
- Global Red Clover Market Analysis and Forecast by Type
5.1. Market Trends
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Red Clover Market Size and Volume Forecast by Type
5.3.1. Raw Form
5.3.2. Processed Form
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
- Global Red Clover Market Analysis and Forecast by Application
6.1. Market Trends
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Red Clover Market Size and Volume Forecast by Application
6.3.1. Food and Beverage Industry
6.3.2. The Pharmaceutical Industry
6.3.3. Agriculture Industry
6.3.4. Animal Feed Industry
6.3.5. Cosmetic and Personal Care Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
- Global Red Clover Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Red Clover Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
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Keywords: Red Clover Market, Red Clover Market Share, Red Clover Market Demand, Red Clover Market Growth, Red Clover Market Size