Red Clover Global Market Report 2024

Description

Red clover is a perennial flowering plant that belongs to the legume family, scientifically classified as Trifolium pratense. It is commonly utilized as a forage crop for livestock due to its high protein levels and its ability to enhance soil fertility through nitrogen fixation. Additionally, red clover is recognized in herbal medicine for its potential health benefits, including support for women's health during menopause and contributions to overall wellness.

The primary forms of red clover include raw and processed varieties. The raw form consists of the unprocessed parts of the plant, such as the leaves, flowers, and stems, which are directly harvested from the field. Distribution channels include direct sales and distributors, with applications spanning various sectors, including the food and beverage industry, pharmaceutical industry, agriculture industry, animal feed industry, and cosmetic and personal care industry.

The red clover market research report is one of a series of new reports from The Business Research Company that provides red clover market statistics, including red clover industry global market size, regional shares, competitors with a red clover market share, detailed red clover market segments, market trends and opportunities, and any further data you may need to thrive in the red clover industry. This red clover market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The red clover market size has grown rapidly in recent years. It will grow from $1.68 billion in 2023 to $1.78 billion in 2024 at a compound annual growth rate (CAGR) of 11.2%. The expansion during the historical period can be linked to the increasing adoption of organic farming practices that promote red clover cultivation, its application in sustainable agriculture, the growing popularity of functional foods, supportive regulations and guidelines for herbal products, and a transition towards preventive healthcare.

The red clover market size is expected to see rapid growth in the next few years. It will grow to $2.75 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The anticipated growth during the forecast period is driven by heightened awareness of the health benefits linked to red clover, an increasing emphasis on health and wellness among consumers, the rising popularity of plant-based diets, and the expanding dietary supplement market. Key trends expected in this period include ongoing research that emphasizes the benefits and applications of red clover, innovative product development, increased funding for research, advancements in agricultural technology, and the integration of red clover into functional beverages.

The growing consumption of herbal dietary supplements is projected to drive the expansion of the red clover market in the future. Herbal dietary supplements consist of products derived from plant extracts or ingredients aimed at promoting health and wellness. This increase in consumption is influenced by various factors, including heightened consumer awareness of health issues, a rising preference for natural and organic options, and the growing trend of preventive healthcare. Red clover is frequently included in herbal dietary supplements due to its potential benefits, such as alleviating menopausal symptoms, enhancing bone health, and supporting cardiovascular health. For example, in November 2023, the German Tea & Herbal Infusions Association reported that tea imports in Germany rose by 7.4% in 2022, reaching 3,531 tonnes. This increase brought the total tea imports above pre-COVID levels, with over 51,000 tonnes of black and green teas imported from 82 different countries, compared to 47,500 tonnes in 2021. Thus, the increased consumption of herbal dietary supplements is propelling the growth of the red clover market.

Leading companies in the red clover sector are concentrating on developing innovative products, including advanced cultivation techniques, to secure a competitive advantage. These techniques involve precision agriculture, which employs GPS and data analytics to optimize planting and resource management, ensuring robust growth and effective input utilization. Another method is cover cropping, which uses red clover to enhance soil health, suppress weeds, and boost biodiversity, ultimately improving overall crop yields. For instance, in September 2024, Cork Beauty Professional, an Ireland-based beauty service provider, launched Cork's Red Clover Farm, offering a range of skincare products and herbal tea specifically for women experiencing perimenopause or menopause. Red clover is highly nutritious, containing isoflavones, phytoestrogens, and protein, all of which are beneficial for aging and mature skin.

In June 2024, Catterton Partners, a US-based private equity firm, acquired Stripes Beauty for an undisclosed sum. This acquisition aims to bolster Stripes Beauty's growth both domestically and internationally, particularly in the wellness sector, which focuses on products related to menopause. Stripes Beauty is a US-based supplier of red clover.

Major companies operating in the red clover market are Nestle S.A., Barenbrug Group, NOW Foods, Swanson Health Products, Nature's Way, Gaia Herbs, Frontier Co-op, Little Barn Health Ltd., Starwest Botanicals, Herb Pharm LLC, HealthAid, ChhajedGarden, Monterey Bay Herb Co, Indigo Herbs, Mountain Rose Herbs, One Herb, Avestia Pharma, Herbo Nutra, Et-Chem, Freshmills

North America was the largest region in the red clover market in 2023. The regions covered in the red clover market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the red clover market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The red clover market consists of sales of powdered form, topical creams, teas, and herbal supplements. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Red Clover Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on red clover market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for red clover ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The red clover market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Raw Form; Processed Form
2) By Channel: Direct Sales; Distributor
3) By Application: Food And Beverage Industry; Pharmaceutical Industry; Agriculture Industry; Animal Feed Industry; Cosmetic And Personal Care Industry
Companies Mentioned: Nestle S.A.; Barenbrug Group; NOW Foods; Swanson Health Products; Nature's Way
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r20344

1. Executive Summary

2. Red Clover Market Characteristics

3. Red Clover Market Trends And Strategies

4. Red Clover Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Red Clover Market Size and Growth

5.1. Global Red Clover Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Red Clover Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Red Clover Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Red Clover Market Segmentation

6.1. Global Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Raw Form
Processed Form
6.2. Global Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Direct Sales
Distributor
6.3. Global Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food And Beverage Industry
Pharmaceutical Industry
Agriculture Industry
Animal Feed Industry
Cosmetic And Personal Care Industry

7. Red Clover Market Regional And Country Analysis

7.1. Global Red Clover Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Red Clover Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Red Clover Market

8.1. Asia-Pacific Red Clover Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Red Clover Market

9.1. China Red Clover Market Overview
9.2. China Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Red Clover Market

10.1. India Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Red Clover Market

11.1. Japan Red Clover Market Overview
11.2. Japan Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Red Clover Market

12.1. Australia Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Red Clover Market

13.1. Indonesia Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Red Clover Market

14.1. South Korea Red Clover Market Overview
14.2. South Korea Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Red Clover Market

15.1. Western Europe Red Clover Market Overview
15.2. Western Europe Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Red Clover Market

16.1. UK Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Red Clover Market

17.1. Germany Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Red Clover Market

18.1. France Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Red Clover Market

19.1. Italy Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Red Clover Market

20.1. Spain Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Red Clover Market

21.1. Eastern Europe Red Clover Market Overview
21.2. Eastern Europe Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Red Clover Market

22.1. Russia Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Red Clover Market

23.1. North America Red Clover Market Overview
23.2. North America Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Red Clover Market

24.1. USA Red Clover Market Overview
24.2. USA Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Red Clover Market

25.1. Canada Red Clover Market Overview
25.2. Canada Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Red Clover Market

26.1. South America Red Clover Market Overview
26.2. South America Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Red Clover Market

27.1. Brazil Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Red Clover Market

28.1. Middle East Red Clover Market Overview
28.2. Middle East Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Red Clover Market

29.1. Africa Red Clover Market Overview
29.2. Africa Red Clover Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Red Clover Market, Segmentation By Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Red Clover Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Red Clover Market Competitive Landscape And Company Profiles

30.1. Red Clover Market Competitive Landscape
30.2. Red Clover Market Company Profiles
- 30.2.1. Nestle S.A.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Barenbrug Group
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. NOW Foods
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Swanson Health Products
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Nature's Way
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Red Clover Market Other Major And Innovative Companies

31.1. Gaia Herbs
31.2. Frontier Co-op
31.3. Little Barn Health Ltd.
31.4. Starwest Botanicals
31.5. Herb Pharm LLC
31.6. HealthAid
31.7. ChhajedGarden
31.8. Monterey Bay Herb Co
31.9. Indigo Herbs
31.10. Mountain Rose Herbs
31.11. One Herb
31.12. Avestia Pharma
31.13. Herbo Nutra
31.14. Et-Chem
31.15. Freshmills

32. Global Red Clover Market Competitive Benchmarking

33. Global Red Clover Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Red Clover Market

35. Red Clover Market Future Outlook and Potential Analysis

35.1 Red Clover Market In 2028 - Countries Offering Most New Opportunities
35.2 Red Clover Market In 2028 - Segments Offering Most New Opportunities
35.3 Red Clover Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer