Eugenol, derived from healing essential oils such as clove, cinnamon, and nutmeg, particularly clove oil for toothache relief, faced challenges due to excessive farming for profit, leading to price drops. In H1 2023, Eugenol price forecast remained largely steady with brief demand-driven fluctuations, indicating market stability.
Definition
Eugenol is a natural compound found in various essential oils, notably clove, cinnamon, and nutmeg oils. It possesses both aromatic and therapeutic qualities, often used for its pleasant scent and medicinal properties. Eugenol is known for its analgesic and antimicrobial properties, making it a valuable component in the pharmaceutical and fragrance industries.
Key Details About the Eugenol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and annual information on the Eugenol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price changes over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
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Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Eugenol Price chart, including India Eugenol price, USA Eugenol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business .
Industrial Uses Impacting the Eugenol Price Trend:
Eugenol is a natural compound found in various essential oils, such as clove oil, cinnamon, basil, and bay leaf. Its versatile properties make it valuable in several industrial applications, which can affect its price trend. Some of the significant industrial uses impacting the eugenol price trend include:
Flavor and Fragrance Industry : Eugenol is widely used as a flavoring agent in food and beverages, as well as a fragrance component in perfumes, soaps, and cosmetics. Fluctuations in demand from the flavor and fragrance industry can influence eugenol prices.
Pharmaceutical Industry : Eugenol possesses antioxidant, antimicrobial, anti-inflammatory, and analgesic properties, making it useful in pharmaceutical products such as topical analgesics, dental preparations, and herbal remedies. Changes in pharmaceutical demand, driven by factors like new product developments or regulatory changes, can affect eugenol prices.
Agrochemicals : Eugenol has pesticidal properties and is used in formulations for insect repellents and pesticides, particularly in organic and natural farming practices. Shifts in demand for eco-friendly pest control solutions or changes in agricultural practices can impact eugenol prices.
Cosmetic and Personal Care Products : Eugenol is incorporated into various cosmetic and personal care products for its aromatic properties and potential skin benefits. Trends in the cosmetics industry, such as the rise of natural and organic products, can influence the demand for eugenol.
Medicinal Applications : Eugenol is studied for its potential medicinal applications, including its use in traditional medicine systems such as Ayurveda and Traditional Chinese Medicine. Research advancements or clinical findings regarding eugenol's health benefits can affect its demand and subsequently its price.
Industrial Synthesis : Eugenol serves as a precursor for the synthesis of various chemicals, including vanillin, which is a widely used flavoring agent. Changes in the availability and price of alternative raw materials or advances in synthetic methods can impact the demand for eugenol in industrial synthesis.
Regulatory Factors : Regulatory changes concerning the use, production, or import/export of eugenol can significantly influence its price trend. Compliance with regulations related to safety, labeling, and environmental concerns may impose additional costs on producers and affect supply dynamics.
Supply Chain Disruptions : Factors such as natural disasters, geopolitical tensions, or transportation disruptions can disrupt the supply chain of eugenol-containing products, leading to fluctuations in prices due to supply shortages or excess inventory.
Overall, the eugenol price trend is influenced by a complex interplay of factors including industrial demand, regulatory environment, technological developments, and market dynamics in various end-user industries. Tracking these factors can provide insights into the future direction of eugenol prices.
Key Players:
Eugenol is a natural compound found in certain essential oils, especially clove oil. It has various applications in medicine, dentistry, fragrance, and flavoring industries. Key players involved in the production, distribution, and application of eugenol include:
Sydney Essential Oil Co. (SEOC) : SEOC is an Australian company known for its production and distribution of essential oils, including clove oil, which is rich in eugenol. They supply eugenol to various industries worldwide.
Young Living Essential Oils : Young Living is a well-known multinational company specializing in essential oils. They offer a range of products containing eugenol, particularly clove essential oil, which is used for its aromatic and therapeutic properties.
doTERRA International : Similar to Young Living, doTERRA is a prominent player in the essential oil market. They provide eugenol-rich essential oils, such as clove oil, for aromatherapy, personal care, and wellness purposes.
Solvay SA : Solvay is a global chemicals company involved in the production of various chemicals and ingredients. They are known to produce eugenol for applications in flavors, fragrances, and pharmaceuticals.
Givaudan : Givaudan is a leading Swiss manufacturer of flavors, fragrances, and active cosmetic ingredients. They utilize eugenol in the formulation of fragrances and flavors for various consumer products.
IFF (International Flavors Fragrances Inc.) : IFF is a multinational corporation specializing in flavors, fragrances, and other specialty ingredients. They use eugenol as a key component in fragrance formulations.
Dentistry Companies : Many dental care product manufacturers incorporate eugenol into their products due to its analgesic and antiseptic properties. Key players in this sector include Colgate-Palmolive, Procter Gamble (owner of Crest), and GlaxoSmithKline (owner of Sensodyne).
Pharmaceutical Companies : Some pharmaceutical companies use eugenol in the formulation of topical analgesics, oral care products, and as an ingredient in traditional medicines.
These are just a few examples of companies involved in the production, distribution, and application of eugenol. The list may vary depending on the specific industry or region.
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