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The global bay leaf market is estimated to grow at a CAGR of about 7% in the forecast period of 2022-2027. 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.
|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, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Trade Data Analysis||Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume|
|Price Analysis||Historical and Forecast Price Trends- Regional|
|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.
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
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Bay Leaf Market Analysis
8.1 Key Industry Highlights
8.2 Global Bay Leaf Historical Market (2017-2021)
8.3 Global Bay Leaf Market Forecast (2022-2027)
8.4 Global Bay Leaf Market by Product
8.4.1 Conventional Bay Leaf
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.2 Organic Bay Leaf
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5 Global Bay Leaf Market by Region
8.5.1 Market Share
184.108.40.206 North America
220.127.116.11 Asia Pacific
18.104.22.168 Latin America
22.214.171.124 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
126.96.36.199 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
188.8.131.52 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 091040)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Alpina Organic Herbs and Spices Co., Ltd.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.2 McCormick & Company, Inc.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.3 Pacific Spice Company, Inc.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
14.2.4 Mother Organic
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
14.2.5 Anatoli Spices SA
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Bay Leaf Market: Key Industry Highlights, 2016 and 2026
2. Global Bay Leaf Historical Market: Breakup by Product (USD Million), 2017-2021
3. Global Bay Leaf Market Forecast: Breakup by Product (USD Million), 2022-2027
4. Global Bay Leaf Historical Market: Breakup by Region (USD Million), 2017-2021
5. Global Bay Leaf Market Forecast: Breakup by Region (USD Million), 2022-2027
6. North America Bay Leaf Historical Market: Breakup by Country (USD Million), 2017-2021
7. North America Bay Leaf Market Forecast: Breakup by Country (USD Million), 2022-2027
8. Europe Bay Leaf Historical Market: Breakup by Country (USD Million), 2017-2021
9. Europe Bay Leaf Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Asia Pacific Bay Leaf Historical Market: Breakup by Country (USD Million), 2017-2021
11. Asia Pacific Bay Leaf Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Latin America Bay Leaf Historical Market: Breakup by Country (USD Million), 2017-2021
13. Latin America Bay Leaf Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Middle East and Africa Bay Leaf Historical Market: Breakup by Country (USD Million), 2017-2021
15. Middle East and Africa Bay Leaf Market Forecast: Breakup by Country (USD Million), 2022-2027
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
The global bay leaf market is projected to grow at a CAGR of 7% between 2022 and 2027.
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.
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 2022-2027, 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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