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Global Bay Leaf Market: By Product: Conventional Bay Leaf, Organic Bay Leaf; Regional Analysis; Historical Market and Forecast (2017-2027); SWOT Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

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 2022-2027. 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 Co.
  • ANATOLI SPICES SA
  • McCormick & Co., Inc. (NYSE: MKC)
  • Mother Organic
  • Pacific Spice Co. Inc.
  • 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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*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    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    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
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Organic Bay Leaf
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Bay Leaf Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    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
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    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
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    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.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    McCormick & Company, Inc.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Pacific Spice Company, Inc.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Mother Organic
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Anatoli Spices SA
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

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, 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

Key Questions Answered in the Report

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.

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 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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