The new report by Expert Market Research titled, ‘Global Red Clover Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global red clover market, assessing the market based on its segments like forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Forecast CAGR (2020-2025): 11%
The market for red clover is being driven by the rising health awareness regarding cardiovascular problems. The market is further aided by the rising consumption of diet-conscious foods. Further, there is an increasing demand from the pharmaceutical industry owing to the various health benefits of using red clover. Thus, aiding the market expansion of the red clover industry. One of the health benefits of red clover includes the production of isoflavones that naturally turns into phytoestrogens, which is beneficial for the human body as the oestrogen hormone is biologically imitated. Red clover is a storehouse of many vitamins, minerals, and nutrients. It is also used for aroma in the preparation of food and transmits its therapeutic benefits when infused with tea. All the aforementioned factors are predicted to affect the market for red clover positively.
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Industry Definition and Major Segments
Red clover is a wild, leguminous, and perennial herb, native to the meadows of Europe, Western Asia, and Africa. The scientific name of red clover is Trifolium pretense. It is widely used in America due to its nutritional advantages and properties. It is generally used as an animal feed due to its fast growth rate and high nutritional value.
The major forms of red clover are:
The major application segments in the market are:
The regional markets for red clover can be divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The market for red clover is being driven by the growing use of the product in the pharmaceutical industry due to its health benefits such as prevention of infection, reduction of inflammation, promotion of menstruation in women, detoxification of the body, circulation of blood, and cholesterol-reducing properties. Red clover is also used in agriculture in the form of clothing crop to promote soil quality and fertility. Further, the extract of red clover is used in the production of body lotion, cream, and hair oil, among other products in the personal care industry. The market is further expected to be aided by the growing demand for organic ingredients in the cosmetics and food and beverage industries.
Key Market Players
The major players in the market are Avestia Pharma (NASDAQ: IONS), Herbo Nutra, Herb Pharm, LLC (OTCMKTS: HERB), Et-Chem, and Nanjing NutriHerb BioTech Co.,Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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