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Bay Leaf Market

Global Bay Leaf Market Analysis, Share, Trends, Forecast: By Product: Conventional Bay Leaf, Organic Bay Leaf; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global Bay Leaf Market Outlook

The global bay leaf market is estimated to grow at a CAGR of about 7% in the forecast period of 2024-2032. In 2020, the Asia Pacific was among the largest bay leaf markets.

 

Global Bay Leaf Market

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The bay leaf consumption in the region is continuously rising due to their health benefits, such as anti-microbial and anti-ulcerogenic properties. With the rising penetration of the internet and the growing adoption of smartphones, online sales of bay leaves are also driving the bay leaf market growth in the region.

 

Properties and Applications

The bay leaf refers to an aromatic leaf widely used in cooking to improve the food's flavour. These leaves are also used for different medicinal purposes worldwide. This leaf may be used for various applications in the form of ground-dried or whole-dried or fresh leaves. Such leaves are referred to as bay laurel, California bay, Indian bay leaf, Mexican bay leaf, Indonesian bay leaf, and West Indian bay leaf, among other names in different areas and by their roots. These leaves are used in the preparation of various food dishes, including stews, fish sauces, soups, clothing, meat, and other dishes. It also possesses medicinal advantages and controls blood sugar levels, kidney stones, and appetite stimulants. Bay leaves have high lauric acid content, which is used in the manufacturing of insect repellents.

 

Global Bay Leaf Market By Product

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On the basis of the product, the bay leaf market can be broadly categorised into:

  • Conventional Bay Leaf
  • Organic Bay Leaf

The EMR report looks into the regional bay leaf markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Bay Leaf Market By Region

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Market Analysis

The key factors boosting the development of the bay leaf market are the increased demand for culinary applications as well as widespread health benefits in the Asia-Pacific and Mediterranean regions. The rising consumption is mainly due to its use in food and beverage, cosmetics, and hair quality improvement products. While the pharmaceuticals industry is engulfed in other pharmaceuticals and nutraceutical goods, customers continue to become aware of the concerns raised by the over-use of such drugs and are increasingly demand natural alternatives. Bay leaf helps control diabetes, facilitates efficient digestion and absorption of nutrients, alleviates respiratory conditions, and helps to lower the level of stress hormones by preventing inflammation caused through sore joints and arthritis. Bay leaf oil is also applied in aromatherapy because of its strong aroma, which boosts long-term growth.

The availability of substitutes in the market and the confusion about the different types among the consumers might hamper the global bay leaf market growth.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global bay leaf market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Alpina Organic Herbs and Spices Co., Ltd.
  • McCormick & Company, Inc.
  • Pacific Spice Company, Inc.
  • Mother Organic
  • Anatoli Spices SA
  • Others 

The EMR report gives an in-depth insight into the bay leaf market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Region
Breakup by Product
  • Conventional Bay Leaf
  • Organic Bay Leaf
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Alpina Organic Herbs and Spices Co., Ltd.
  • McCormick & Company, Inc.
  • Pacific Spice Company, Inc.
  • Mother Organic
  • Anatoli Spices SA
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bay Leaf Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bay Leaf Historical Market (2018-2023) 
    8.3    Global Bay Leaf Market Forecast (2024-2032)
    8.4    Global Bay Leaf Market by Product
        8.4.1    Conventional Bay Leaf
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Organic Bay Leaf
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)   
    8.5    Global Bay Leaf Market by Region
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
9    North America Bay Leaf Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Bay Leaf Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Bay Leaf Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Bay Leaf Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Bay Leaf Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code – 091040)

    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
18    Competitive  Landscape

    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Alpina Organic Herbs and Spices Co., Ltd.
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    McCormick & Company, Inc.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Pacific Spice Company, Inc.
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Mother Organic
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Anatoli Spices SA
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Bay Leaf Market: Key Industry Highlights, 2018 and 2032
2.    Global Bay Leaf Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Global Bay Leaf Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Global Bay Leaf Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global Bay Leaf Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America Bay Leaf Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America Bay Leaf Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe Bay Leaf Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe Bay Leaf Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific Bay Leaf Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific Bay Leaf Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America Bay Leaf Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America Bay Leaf Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa Bay Leaf Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa Bay Leaf Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Major Exporting Countries by Value
17.    Major Importing Countries by Value
18.    Major Exporting Countries by Volume
19.    Major Importing Countries by Volume
20.    Global Bay Leaf Market Structure

Key Questions Answered in the Report

The global bay leaf market is projected to grow at a CAGR of 7% between 2024 and 2032.

The major drivers of the industry, such as the rising demand for the product in the food and beverage, cosmetics, and hair quality improvement products, and the several aromatic and health benefits of the product, are expected to aid the market growth.

The key market trend guiding the industry growth includes the rising awareness of natural alternatives.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific leading the market.

The leading products in the industry are conventional and organic bay leaf.

The major players in the industry are Alpina Organic Herbs and Spices Co., Ltd., McCormick & Company, Inc., Pacific Spice Company, Inc., Mother Organic, and Anatoli Spices SA, among others.

Analyst Review

The global bay leaf market is being driven by the increasing demand of the product across several sectors like food and beverage, cosmetics, and hair quality improvement. Aided by the rising awareness for natural alternatives, the market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 7%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on products, the industry can be segmented into conventional and organic bay leaf. The major regional markets of the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest market sahre. The key players in the above market include Alpina Organic Herbs and Spices Co., Ltd., McCormick & Company, Inc., Pacific Spice Company, Inc., Mother Organic, and Anatoli Spices SA, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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