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The global bay leaf market is estimated to grow at a CAGR of about 7% in the forecast period of 2021-2026. In 2020, the Asia Pacific was among the largest bay leaf markets.
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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.
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.
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On the basis of the product, the bay leaf market can be broadly categorised into:
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.
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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.
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:
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Bay Leaf Market Analysis
6.1 Global Bay Leaf Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Global Bay Leaf Market Breakup by Product
6.2.1 Conventional Bay Leaf
6.2.2 Organic Bay Leaf
6.3 Global Bay Leaf Market Breakup by Product: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Conventional Bay Leaf
6.3.2 Organic Bay Leaf
6.4 Global Bay Leaf Market Breakup by Region
6.4.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.5 Global Bay Leaf Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Value Chain Analysis
10 EMR’s Key Indicators for Demand
11 EMR’s Key Indicators for Price
12 Competitive Landscape & Supplier Analysis
12.1 Alpina Organic Co.
12.1.1 Company Overview
12.1.2 Financial Analysis
12.2 ANATOLI SPICES SA
12.2.1 Company Overview
12.2.2 Financial Analysis
12.3 McCormick & Co., Inc. (MKC: NYSE)
12.3.1 Company Overview
12.3.2 Financial Analysis
12.4 Mother Organic
12.4.1 Company Overview
12.4.2 Financial Analysis
12.5 Pacific Spice Co. Inc.
12.5.1 Company Overview
12.5.2 Financial Analysis
13 Industry Events and Developments
Additional Customisations Available:
1 Manufacturing Process
1.1 Detailed Process Flow
1.2 Operations Involved
1.3 Mass Balance
2 Cost Analysis and Project Economics
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
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