The Asia Pacific Bay Leaf Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026.
Bay Leaf refers to leaves which are aromatic in nature used for the purpose of cooking. If they are eaten, they have a sharp, bitter taste and pungent. Like the other flavourings and spices, they are characterized by more smell than taste. Myrcene which is used in perfumery is extracted from bay leaf.
There are several varieties of bay leaf which are available such as California bay leaf, Indian bay leaf, Indonesian bay leaf, bay laurel and west Indian bay leaf among others. Bay laurel is used for the purpose of cooking since they impart distinct flavour and fragrance. Other mentioned varieties like Indian bay leaf and California bay leaf are also used for the sake of cooking. West Indian bay leaf is used for the purpose of preparing fragrances. Bay leaves are also used for other purposes such as killing insects among others.
The driving factors of Asia Pacific Bay Leaf market are rising popularity in regions such as Mediterranean, emerging application in cosmetics, usage of leaves in pharmaceuticals and nutraceuticals and various health benefits offered by the leaves such as efficient digestion and nutritional uptake, alleviate respiratory conditions and reducing inflammation in sore joints among others. However, the market is constrained by factors such as the possibility of lauraceae family being toxic in nature.
The Asia Pacific Bay Leaf market is segmented based on application into food and beverage, pharmaceuticals, cosmetics, nutraceuticals, personal care and others. On the basis of form, the market is divided into whole leaf as grounded powder and oils. By distribution channels, the market is segmented into manufacturers, distributors, super stockiest, convenience stores and supermarkets.
The Asia Pacific Bay Leaf market is divided based on geography into India, China, Japan, Australia and other parts of the region. Asia Pacific has the second largest market for bay leaf in the world by share. It is also the fastest growing region in the world. Factors such as various health benefits offered and rising application in food and cosmetics is expected to drive the growth of this market in the region.
Key Players in the Market:
Major key players in the Asia Pacific Bay Leaf Market are
McCormick & Company, Inc, Frontier Natural Products Co-op, Anatoli Spices, Mars, Incorporated, Pacific Spice Company, Inc., Zizira, Tea Haven, Just a Little Spice, and others.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Food and Beverage
5.1.2 Pharmaceuticals
5.1.3 Cosmetics
5.1.4 Nutraceuticals
5.1.5 Personal Care
5.1.6 Other Applications
5.1.7 Y-o-Y Growth Analysis, By Application
5.1.8 Market Attractiveness Analysis, By Application
5.1.9 Market Share Analysis, By Application
5.2 Form
5.2.1 Oils
5.2.2 Grounded Powder
5.2.3 Y-o-Y Growth Analysis, By Form
5.2.4 Market Attractiveness Analysis, By Form
5.2.5 Market Share Analysis, By Form
5.3 Distribution Channel
5.3.1 Manufacturers
5.3.2 Distributors
5.3.3 Super Stockiest
5.3.4 Convenience Stores
5.3.5 Supermarkets
5.3.6 Y-o-Y Growth Analysis, By Distribution Channel
5.3.7 Market Attractiveness Analysis, By Distribution Channel
5.3.8 Market Share Analysis, By Distribution Channel
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Application
6.1.3.2 By Form
6.1.3.3 By Distribution Channel
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Application
6.1.4.2 By Form
6.1.4.3 By Distribution Channel
6.1.5 Market Share Analysis
6.1.5.1 By Application
6.1.5.2 By Form
6.1.5.3 By Distribution Channel
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 McCormick & Company, Inc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Frontier Natural Products Co-op
8.3 Anatoli Spices
8.4 Mars, Incorporated
8.5 Pacific Spice Company, Inc.
8.6 Zizira
8.7 Tea Haven
8.8 Just a Little Spice
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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Apr 2021
